| I've seen folks go bankrupt whilst they busied | | | | connecting with prospective buyers and sellers. |
| themselves trying to invest hard-earned cash in | | | | Ideally, you'll want to find entrepreneurs who are |
| gemstones in the hope of making a fortune. I | | | | selling gemstones, and to connect them to |
| hate to sound pessimistic-because I'm always an | | | | potential buyers for a commission. You can |
| optimist-but something almost always goes wrong. | | | | demand anywhere from 1% to 20% of the value |
| Don't ask me why, it's just my observation over | | | | of the transaction. It all depends on WHAT stones |
| time and I'm sure a lot of entrepreneurs in the | | | | you're brokering and HOW in-demand they are. I'll |
| gems industry will attest to that. Unless you have | | | | give you one quick example. You're likely to get |
| a bottomless bank account the only risk-free way | | | | 1% on a diamond deal and up to 20% on colored |
| to make money in gemstones is by becoming a | | | | stones. The former has a high price tag (hence |
| broker. As a broker, you neither invest in mining, | | | | the lower commission), and the latter is usually |
| nor buy gemstones for resale. You simply broker | | | | priced relatively lower. That should give you an |
| deals and earn lucrative commissions. Nothing | | | | idea. Be creative in your marketing, be honest, |
| makes more sense than that. This article will offer | | | | and most importantly be willing to learn. These are |
| tips on how to become a gemstone broker | | | | the three qualities that will define you and your |
| without investing a dime of your hard-earned | | | | business. You have to earn this. You can't buy it. |
| money. | | | | With so many unscrupulous people looking to |
| Making money in gemstones doesn't always | | | | make money for nothing, you'll want to be |
| involve mining, and or buying and selling. If you ask | | | | amongst the reliable and trustworthy of the pack. |
| me, buying stones in order to resell can be very | | | | It will do your business a world of good. |
| risky...for any number of reasons. Yes, there are | | | | In conclusion: contrary to what many would |
| countless reasons why you can quickly lose | | | | imagine, making money in the gemstone industry |
| money and go bankrupt before you've even | | | | isn't always about investing hard-earned cash in |
| made your first sale. Here are some of the | | | | mining or buying stones in order to resell for |
| reasons why: the stones you purchased from | | | | profit. Sadly, many have poured money down the |
| that dealer down the road were not of the quality | | | | drain this way and gotten seriously bankrupt |
| your buyer had expected-and so your | | | | because of it. There is another way. Become a |
| merchandise was rejected and your seller won't | | | | gems broker and earn a commission from both |
| take them back; the stones were fake or | | | | the buyer and the seller... without investing a dime |
| synthetic imitations and you hadn't spotted that; | | | | into the business. Depending on what gemstones |
| or you'd got the real-deal item but somehow the | | | | you're brokering you'll earn anywhere from 1% to |
| seller swapped them over for inferior (or fake) | | | | 20% commission as a broker. Use social networks |
| stones whence you weren't looking. I won't delve | | | | (Facebook, Twitter etc.), forums and such like to |
| into this because that isn't the purpose of this | | | | find potential business partners. It is quite easy |
| article. So how then do you get around all of | | | | when you put your mind to it. But what is |
| these charlatans? | | | | tremendously important and likely to ensure your |
| It's quite simple. You simply broker the deals and | | | | longevity in the business is when you conduct |
| take a commission from both the buyer and the | | | | your business with honesty, an eagerness to |
| seller. Thanks to the Internet it is fairly easy to | | | | learn, and a lot of creativity thrown in for good |
| find suitable contacts online. Try the social | | | | measure. |
| networks like Facebook and Twitter and start | | | | |