Here’s a little about how to buy scrap gold. Have you recently became interested in becoming a gold and silver buyer? I became interested in the scrap gold business on Christmas day of 2010.
I did not know anything about the scrap gold business, except that gold had gone way up in price. I did know, we had been in a recession in Florida ever since the housing bubble here had popped in 2006.
I had tried some other businesses that just didn’t work out well in the new economy. As I learned about the scrap gold and silver business it simply made sense. People had lost jobs, or could lose their jobs at any time.
I knew that people would see their gold and silver jewelry as an expendable asset if push came to shove. I found the ScrapGoldBusiness You Tube channel and started studying. Soon, I had made up my mind to pursue learning how to buy scrap gold, and become the Honest Gold Guy of Sarasota two month later.
I knew I would need a mentor, and some help if I was going to make a successful business out of becoming one of Sarasota’s gold and silver buyers. I joined Scrap Gold University as a student on December 31st, 2010.
Do you have to go to school to become a gold buyer? No, you could always follow the old trial and error method, but making mistakes in the gold business, could cost you a fortune.
Here are the basic steps on Starting a Scrap Gold Business:
Knowing what I know, I would start by buying the Scrap Gold University Manual. It has most of the information you need to make a sound decision about the gold buying business. Check out the Licensing needed.(state and local) Check out the different modes of the gold business to pursue. Research how much competition is in your area. Buy the tools you’ll need Start your applications; both state and local. Choose what form of business you’ll do business in. If opening an office or store, look for a good location. Build your web site. Order business cards. Study gold and silver testing. Study Gold and Silver coins. Make sure you have sufficient funds to open. Determine your profit percentages. Choose a refiner. Promote your web site. Get you space rented. Work on signage learn to figure daily gold prices. Open a business bank account. Get ready to open your business.
This is a condensed version of how to buy scrap gold, and become a gold buyer. There is more information in the Scrap Gold University manual. Each of the steps above, and more are covered extensively in the Scrap Gold University’s training program.
Here are some videos on Starting Your Scrap Gold Business: