These days, becoming an antique dealer has become one of the most rewarding and profitable careers. It is the best job for history lovers, those people with a keen eye for details and those who enjoy searching for bargains. The best thing about being an antique dealer is that you do not require any particular qualifications. All you need is proficient knowledge for antiques, ideal market, ability to spot saleable items and starting capital. When you are dealing with antiques; you can choose to either sell them on the side or make it your career. The following are the steps that you need to follow in order to become a successful antique dealer;
- Find your own niche
The competition in the antique industry is quite stiff. The best way of beating this competition and making exceptional profits is working with an antique that you are sure will yield gains and antique that you are passionate and knowledgeable about. Several dealers in the market have an extensive collection of offerings. You have to find a market specialization. When finding a niche, you also need to keep your finances into consideration. An effective artifact dealer builds an inventory. It is better to use your own savings than taking out small business loans.
- Gain expertise in the field
The next step to becoming the best artifact dealer is learning how to know good purchases and their purchases for resale. If no actual license for antique appraising exists, it is important to note that various areas might have specific regulations that you have to familiarize yourself with.
The best examples of these regulations are the laws about antiquities or sales made on regulated goods such as ivory. To become an expert and getting tips of the trade, you can consider buying and reading books on antiquity talking to local antique dealers.
- Join antique dealer associations
By joining these associations, you will be able to stay updated in the industry and continuously learn. These associations can also offer opportunities to build your inventory, leads on finding desirable items and second opinions on appraisals. The antique dealer associations will give you a fantastic return on the investment. The membership dues that you pay will provide you with exceptional payoffs.
- Undergo formal education and training
After joining the associations, you will be offered various programs in the state that can serve as education for budding dealers. For example, some groups provide an intensive plan for new dealers each year for five days a week.
- Gain experience through internship and apprenticeship
If you locate a successful antique shop in your area, you can approach the management and request for an opportunity to work under them. Even if you are not paid, you will get an opportunity to gain experience in the industry without having the same risks and investments.
As an antique, you could choose to specialize in different areas such as buying items from sales rooms, markets and trade fairs, sell the items to the general public, buy and sell items online, research and identify the value of objects and advise antique owners on the value of their items for insurance and sales purposes. Your profits and success in this industry will be determined by the steps you follow.