Antiques – Business Idea of the Month

Antiques dealing is usually a friendly business, with endless opportunities to find out something new, great prospects and always that golden dream of hitting the jackpot. This month i will be able to check out the structure of the antique game and provides some advice on the smarter ways to line up.

Every city and most towns within the land have established traders mostly making quite a decent living within the antique business.

The Skills Required

In order to understand what any given object is worth to a dealer, or a personal collector, you would like excellent knowledge of that area, and therefore the ability to see out the small print before you purchase.

Many dealers develop an “eye” for quality and sales appeal and buy all types of products, thriving on variety. this will be an enormous disadvantage.

In my view, specializing always pays off at the end of the day. Firstly, you’ll get a reputation as an expert in only a couple of years, and secondly, you’ll “plugin” to your own little network of suppliers, dealers, collectors and specialty auctions. Thirdly, you’ll quickly learn where to travel for research.

The largest sectors of the trade, deal in furniture, art (paintings and prints) and ceramics (pottery and porcelain). Competition is fierce, and you actually must know your stuff if you would like to avoid buying stock which nobody else wants, for a few goods but unobvious reasons.

Other smaller sectors include the horologists (clocks and watches), silverware dealers, jewelers, glassware dealers and therefore the sale of early weapons, armor or guns. In recent years, oriental carpets have had an excellent revival, and have joined the ranks of firmly established specialties.

Then there are the mini-specialties, all of the competitive areas in their own right: dolls and nursery furnishings; pipes and smokers’ requisites; old postcards and greetings cards; buttons; small wooden articles of each description, old mechanical items from musical boxes to balance scales; lace and early clothing. War items also are in great demand.

WAYS to start out UP

You can set yourself up as a dealer performing from home, and continue to be a runner for other dealers. goodbye as you’re careful to read abreast of the stocks you handle, and permit for all of your traveling expenses, there is a good living to be made. Always plow back your profits into better and bigger stocks.

Restoration is another great way to accumulate knowledge and to cater for robust market demand.

For the young, it are often an honest stepping-stone to becoming a successful specialist dealer.

For the over50s it’ll provide an honest standard of living, but not a business you’ll unload on retirement, except to people you’ve trained or other restorers with equivalent skills.

There is a 3rd way, which is to figure as an assistant to a longtime dealer with a store. you do not get much pay, but you’ve got great opportunities to find out the trade, and develop your own selling style with the purchasers.

Dealers won’t allow assistants to shop for on their behalf, but you’ll have an opportunity to travel alone to the auction rooms, to look at items and report back, otherwise, you could also be given research work to try to within the local library.

After a period of your time, you’ll normally plan to sell a number of your own stock within the shop, and build up your own sales until you’re able to go it alone.

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