how to buy sell gold
Few realize it, but recessions are the best time to make money. If you know how to spot killer opportunities you can quickly start several new businesses that make massive profits while everyone is pinching pennies. Gold based businesses are one of the most lucrative opportunities in any down market. While starting a gold based business sounds intimidating it actually requires little effort and work.
gold business
There are a few key steps you need to follow before you are off to the races of buying and selling gold. Those steps include officially starting your business, creating a plan to buy gold and finding distributors to resell it too.
Step 1: Officially Form Your Gold Business
The first and one of the most important steps is to register your business as an LLC or corporation. This will prevent you from having any personal liability, instead all of the liability will be on the gold business. Typically this only requires a minimal amount of paperwork, which you can download from your local state government website.
Step 2: Form Gold Business Connections
The next step is to ensure that you have ways to appraise, manage and sell the gold. Any business, gold or not needs to be able to turn assets into revenue. In order to buy the gold you have to know what it is worth, thus being able to purchase at a price that allows you to turn it at a profit.
Typically you need at least:
Step 3: Market Your Gold Service
After you have spent the time to plan, register and setup your gold business you need to build awareness of it. This typically means advertising and marketing, which can be done in many low cost and affordable ways. I recommend looking into search engine marketing, radio advertising and TV advertising.
Gold businesses tend to perform the best in mid to low income areas, especially areas that heavily depend on manufacturing. So you may want to target your marketing and advertising efforts to areas that have these demographics.
Step 4: Profit from your Business
You really could get a gold business setup and running with in a matter of weeks. It is a great way to start a successful and low work income, it just takes some effort and faith. Good luck and great gold.
gold buying
gold business
There are a few key steps you need to follow before you are off to the races of buying and selling gold. Those steps include officially starting your business, creating a plan to buy gold and finding distributors to resell it too.
Step 1: Officially Form Your Gold Business
The first and one of the most important steps is to register your business as an LLC or corporation. This will prevent you from having any personal liability, instead all of the liability will be on the gold business. Typically this only requires a minimal amount of paperwork, which you can download from your local state government website.
Step 2: Form Gold Business Connections
The next step is to ensure that you have ways to appraise, manage and sell the gold. Any business, gold or not needs to be able to turn assets into revenue. In order to buy the gold you have to know what it is worth, thus being able to purchase at a price that allows you to turn it at a profit.
Typically you need at least:
- Someone to appraise the gold
- Someone to purchase the gold
- Someone to sell you the gold (this may be consumers with gold)
Step 3: Market Your Gold Service
After you have spent the time to plan, register and setup your gold business you need to build awareness of it. This typically means advertising and marketing, which can be done in many low cost and affordable ways. I recommend looking into search engine marketing, radio advertising and TV advertising.
Gold businesses tend to perform the best in mid to low income areas, especially areas that heavily depend on manufacturing. So you may want to target your marketing and advertising efforts to areas that have these demographics.
Step 4: Profit from your Business
You really could get a gold business setup and running with in a matter of weeks. It is a great way to start a successful and low work income, it just takes some effort and faith. Good luck and great gold.
gold buying