Gemstones: How to Trade Your Way to Millions

I have seen people go bankrupt while busy investing their hard-earned money in gemstones in hopes of making a fortune. I hate to sound pessimistic, because I’m always optimistic, but almost always something goes wrong. Don’t ask me why, it’s just my observation over time and I’m sure many entrepreneurs in the gem industry will confirm. Unless you have a bottomless bank account, the only risk-free way to make money with gemstones is to become a broker. As a broker, you do not invest in mining or buy gemstones for resale. You simply negotiate deals and earn lucrative commissions. Nothing makes more sense than that. This article will offer tips on how to become a gemstone broker without investing a dime of your hard-earned money.

Making money from gemstones doesn’t always involve mining them or buying and selling them. If you ask me, buying stones for resale can be very risky…for a number of reasons. Yes, there are countless reasons why you can quickly lose money and file for bankruptcy before you’ve even made your first sale. Here are some of the reasons: the stones he bought from that merchant were not of the quality his buyer expected, so his merchandise was rejected and his seller will not accept them; the stones were fake or synthetic imitations and you hadn’t noticed that; or you had the real item, but somehow the seller exchanged them for inferior (or fake) stones that you weren’t looking for. I will not delve into this because that is not the purpose of this article. So how do you get around all these charlatans?

It’s pretty simple. You simply negotiate the offers and receive a commission from both the buyer and the seller. Thanks to the Internet it is quite easy to find suitable contacts online. Try social media like Facebook and Twitter and start connecting with potential buyers and sellers. Ideally, you’ll want to find entrepreneurs who sell gemstones and connect them with potential buyers for a commission. You can demand from 1% to 20% of the value of the transaction. It all depends on WHAT stones you are trading and HOW in demand they are. I’ll give you a quick example. You are likely to get 1% on a diamond offer and up to 20% on colored stones. The former is priced high (hence the lower commission), and the latter is usually priced relatively lower. That should give you an idea. Be creative in your marketing, be honest, and most importantly, be willing to learn. These are the three qualities that will define you and your business. You have to earn this. You can’t buy it. With so many unscrupulous people out there looking to make money for nothing, you want to be among the reliable and trustworthy of the bunch. It will do your business a world of good.

Bottom line: Contrary to what many would imagine, making money in the gemstone industry is not always about investing your hard-earned money in mining or buying stones to resell for a profit. Sadly, many have thrown money down the drain in this way and have been severely bankrupted as a result. There’s another way. Become a gem broker and earn a commission from both the buyer and the seller… without investing a dime in the business. Depending on the gemstones you are trading, you will earn between 1% and 20% commission as a broker. Use social networks (Facebook, Twitter, etc.), forums and the like to find potential business partners. It’s pretty easy when you put your mind to it. But what is tremendously important and likely to ensure your longevity in business is when you conduct your business with honesty, enthusiasm to learn, and a lot of creativity thrown in for good measure.

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