- Step 1: Get experience Work for others in the industry to gain knowledge and hands-on experience.
- TIP: Visit antique dealers or intern at an auction house to learn about the business.
- Step 2: Decide dealer type Decide which type of dealer you would like to be. You can focus on one or many areas, such as jewelry, furniture, or art.
- Step 3: Educate yourself Educate yourself about the types of antiques you would like to sell.
- Step 4: Make a business plan Draw up a business plan to get your business started and growing.
- Step 5: Research clients Build a client base by networking in the field. Knowing who your client is will help ensure your prosperity as an antique dealer.
- Step 6: Manage inventory Shop for deals in order to build inventory that you can sell for a profit. Learn restoration techniques so that you can add value to your finds.
- Step 7: Open a business Open a storefront or a website to buy and sell your antiques.
- FACT: In 2009, the former finance director of the London Philharmonic was accused of embezzling $928,000 and using the money for home renovations, vacations, and antiques.
You Will Need
- Client lists
- Business plan