There are so many of us now who love the idea of starting up our own business and making money for ourselves. The thing with this is that it can be hard to not only figure out what you can do, but also get it started and running. So, what can you do to make money that might be easy enough to get going and then make you some money too?
Have you ever considered buying and selling gold? To help you understand more about this as a business, we have put together our guide.
You always need a gold testing kit
When you first think about buying and selling gold, the first thing that you need to think about is buying yourself a gold testing kit. These can be found at a good price; however, they should always be seen as an investment that will help with your business in the future. These kits are designed to test 10k, 14k, 18k and 22k, which means that you will be able to use it to tell you which karat of gold that you are working with. This is vital as so many pieces that you will view won’t have a hallmark, therefore you will need a helping hand to price it appropriately.
You will also need a jewellery scale
Another thing that you are going to have to buy is a professional grade jewellery scale; however, unlike your testing kit, it is important that you buy a good quality scale, as this will provide a reliable reading. You may want to take readings every day so that you know your scales are working, and it may be worthwhile having a record of the readings that you take, just in case there is any discrepancy in the future.
Advertise yourself
Selling gold isn’t always something that comes to mind when people are clearing their home or are short of cash, as many won’t want to have to go to a store. This is where your business can really take off, especially since you will often provide the service. That means that you will go to their home and value their gold there. However, in order to reach out to these customers, you will need to advertise yourself. Set yourself up with social media accounts and use these as an avenue to tell people more about what you can do and reach out to those who may want to use your service. It is important that you don’t put your rate on any adverts as this will change and move as the price of gold goes up and down.
Want to know how much money you can get for your gold? Then you need to check out Goldrate.com, where you will find all the information that you will need to make a success of your gold selling business. You can check the rates which will help you discern how much you should charge for the gold that you are viewing.
