How to Become a Gold Dealer
Decide what kind of gold to buy., Research the competition., Develop a business plan., Obtain financing for your business if needed.
Step-by-Step Guide
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Step 1: Decide what kind of gold to buy.
You may decide to purchase scrap gold, jewelry or coins. -
Step 2: Research the competition.
Check out the competition both in your geographic area and on online auction sites.
Your will want to look for what the competition isn’t offering so that you can provide your customers with unique value. , Write an executive summary for your business.
This is a concise statement of the business’s purpose.
Include a more detailed description of the business, including marketing plans, competition assessment, operating procedures, personnel, and an insurance summary.
Compile your financial data.
If you have no business history, create statements to project your revenue.
Assemble all supporting documents.
This includes a copy of your lease if you plan to use a storefront, your tax returns, your licenses and legal documents, and the resumes of your personnel. , Talk to a loan officer from your local bank or credit union about your loan options, and bring your business plan with you. -
Step 3: Develop a business plan.
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Step 4: Obtain financing for your business if needed.
Detailed Guide
You may decide to purchase scrap gold, jewelry or coins.
Check out the competition both in your geographic area and on online auction sites.
Your will want to look for what the competition isn’t offering so that you can provide your customers with unique value. , Write an executive summary for your business.
This is a concise statement of the business’s purpose.
Include a more detailed description of the business, including marketing plans, competition assessment, operating procedures, personnel, and an insurance summary.
Compile your financial data.
If you have no business history, create statements to project your revenue.
Assemble all supporting documents.
This includes a copy of your lease if you plan to use a storefront, your tax returns, your licenses and legal documents, and the resumes of your personnel. , Talk to a loan officer from your local bank or credit union about your loan options, and bring your business plan with you.
About the Author
Heather Sanders
Committed to making pet care accessible and understandable for everyone.
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