Antique Dealership Business
An Antique Dealership Business
you love beautiful things from the past, an antique business may be for you.
As an antique dealer, you will find, appraise, purchase and sell antiques either from your home, through a warehouse, a catalog, or a small shop, and now even through the Internet.
A low risk and high return business, you can even do the bulk of the work on weekends and build up your capital while still working at your main job. An antiques business allows you to have fun while learning how to run the business
Getting Started
The antiques business is an expensive business, particularly if you are still in the process of building up your inventory. Your start-up costs will depend on the amount of inventory you need to build up. If you have been actively collecting antiques before, then you may already have some of the inventory you need to open an antiques business and this could drive down your start-up requirements.
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Build up your collection in two ways:
1. Find the source that works best for you at the lowest cost. Check out state sales and garage sales for interesting items you think might be saleable. You can also browse online and see what you can find, and what appeals to you. You can also check out auction houses, if the prices are not steep for you. These venues often yield treasures for a collector.
2. Sell antique items on consignment agreement with other collectors, where you do the selling for antiques from their collections. Contact known collectors in your area, or ordinary folks with heirlooms and ask them if they could use your help in selling their antiques. You then get a percentage of the sale as your commission.
The Key to Your Success
The key to succeeding in the antiques business is knowledge. You can choose a type of antiques that you are interested in, and strive to become an expert in that niche. Some antiques dealer focus on a particular specialty.
You can learn a lot by visiting antique malls and learning the pricing structure. Talk to dealers who have been in the business for a number of years. You can also get on the Internet and see what items are bringing the cash on the Internet auctions.
Your First Steps
Like any other business, you have to make sure that everything is properly laid out for your business - from your tax number, licensing requirements, zoning requirements, bank account number, insurance coverage
Requirment
Is it in a historic district or near an interstate?
Does your location attract traffic?
How big is tourism in the area?
Are there scheduled festivals in the area that attract visitors?
If you are planning to set-up shop in a mall, does the mall.
Advertise and is it well known in the area?
Advertise and is it well known in the area?
Who are your customers?
Your customers include the millions of collectors around the world that have collections in thousands of categories from the multimillionaires that collect impressionist paintings to the average person, who might collect anything you can imagine. Many average folks will buy antiques or collectibles simply because they liked the item, or have started collecting that particular item.
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