So what are the most lucrative fields to enter in the finders fees business?
The following fields represent perhaps the easiest and most lucrative to enter. As you read on here, be particularly aware that whether you enter just one field or have an interest in many, the key word to remember is “KNOWLEDGE”.
In this business, you will need to bone up on your reading of your interest. There is plenty of money to be made in this business and the highly aggressive and astute entrepreneur will reap the harvest. On that note, let’s proceed.
Commodities & Minerals
What are commodities? Look around you. Corn, wheat, rice, scrap steel, orange juice, canned goods, distressed computer merchandise, cell phones, etc. etc. etc. Canned foods of all kinds, because of their natural preservation qualities, make up a consistently good market. Scrap steel is growing and will continue to grow due to the recycling efforts of conscientious Americans. Way back in the early 1970’s, Platinum was enjoying a big demand, due to being one of the best catalysts for anti-pollution devices. Even today, Platinum is a valuable commodity. Mercury remains strong in demand and metals such as lead, zinc, and copper are strong contenders. Nickel, overall, enjoys strong demand.
OK! How do you start in commodities and minerals? The same way you start in anything else; through KNOWLEDGE. The New York Mercantile Exchange contains tons of information. Also, the American Association of Commodity Traders is an excellent source. If your interest is in pure commodities, such as pork bellies, corn, wheat, etc., look through the library for the trade organizations and also the Chicago Exchange addresses in this field. Energy fuels such as crude oil, butane, and propane are markets for huge profits for the astute finder.
Precious & Semi-Precious Stones
Despite the ups and downs in the world’s supply of Diamonds, this is a very good field to deal in as a finder. For example, in 2002, a New York couple collected a Finder’s Fee of $80,000 on a single sale of precious stones from Brazil to a buyer in Reno, Nevada. The transactions continued and earned this couple an average yearly income of $35,000 for the next 3 years. Opals, which have been appreciating steadily in value at a rate of 10% – 15% per year, in recent years, are another of the precious; semi-precious stones markets worth looking into. Emeralds and rubies also score high in this market.
When you enter the semi-precious stones market, you are getting into the biggest volume, fastest turnover market in this category. The main reason for this is mass market. The bottom line is, how many people around the world can afford diamonds, emeralds, and rubies? Think about it.
Big markets are developing in Jade, Tiger Eyes (from Taiwan or Hong Kong), Garnet, Topaz, and Tourmaline. The astute finder can take in millions of dollars in this field alone. This is an excellent field to enter. Each year, American industry manages to produce inept merchandise or overproduction. The result being, a huge amount of goods, products and merchandise of every detail and description that can’t be sold through normal wholesale/retail channels at standard retail prices.
Big bargains in surplus and closeout merchandise surface. To the sharp finder, he can purchase items at pennies on the dollars and parlay his investment to big bucks. Periodicals dealing in surplus merchandise and thumbing closely through the Wall Street Journal classifieds can give the finder an upper hand in this field.
So! What are you waiting for?
Let’s Get Busy!
Remington J Penman