• Table of Contents
• Forward
• A Little About Us: Buying and Selling Gold for a Profit
• How to Make Money with Gold Parties
• How Much Money Can You Make
• Understanding Gold
• The Nuts Bolts of a Gold Party
• Marketing Your Gold Party
• Killer Marketing Referral Ideas
• Gold – What to Buy How to Pitch It
• Building Your Gold Party Business
• How to Maximize Your Profits
• Additional Scrap Gold Sources
• Gold Party Invitation
• Gold Testing Supplies You’ll Need
• Testing Scrap Gold, Silver Platinum
• Tester: Typical Electronic Tester
• Typical Weight Conversions
• How Much to Pay for Your Gold
• How to Calculate How Much the Refiner Will Pay You
• Locating & Working With a Refineries
• Refiner Questions
• Refiners Contact Information
• Scams: How to Avoid Them
• Resources
• Legal Considerations
• Security Issues
• Templates
• Web Site Development
• Domain Names
• Web Site Hosting
• In-house
• Outsourcing
• Search Engine Tactics Strategies
• Keywords
• Pay-per-Click (Google Adwords)
• Organic
• Search Engine Resources
• Conclusion

Have a few more questions about the scrap gold business? See our “Frequently Asked Questions.”

Gold party home business advantages:
• Work virtually any hours or days that fit your schedule with a scrap gold business
• No start up costs. (We’ll show you how to have your first gold party with no money.)
• The gold industry will never dry up or close down. Since the history of time, mankind has placed huge value on gold.
• Learn a valuable skill that cannot be taken away from you; how to value gold
• You can “work” part-time or full-time; it’s your choice
• Learn how to create a long term income stream with gold parties
• Enter one of the most dynamic and exciting niches on the planet; gold parties.
• Run your gold party business from home, office, or even a mobile gold party business; you come to them!
• Get complete training from us for a total investment of $47.00. There are zero recurring training or franchise fees of any kind!

Have some questions about the Home Gold Party Business? See our “Frequently Asked Questions.”

Ready to learn how to start a home gold party business? Check out our new book, “How to Start a Gold Party Business”; it’s only $47.00 and be in your hands in 60 seconds!

• Table of Contents
• Forward
• A Little About Us: Buying and Selling Gold for a Profit
• How to Make Money with Gold Parties
• How Much Money Can You Make
• Understanding Gold
• The Nuts Bolts of a Gold Party
• Marketing Your Gold Party
• Killer Marketing Referral Ideas
• Gold – What to Buy How to Pitch It
• Building Your Gold Party Business
• How to Maximize Your Profits
• Additional Scrap Gold Sources
• Gold Party Invitation
• Gold Testing Supplies You’ll Need
• Testing Scrap Gold, Silver Platinum
• Tester: Typical Electronic Tester
• Typical Weight Conversions
• How Much to Pay for Your Gold
• How to Calculate How Much the Refiner Will Pay You
• Locating & Working With a Refineries
• Refiner Questions
• Refiners Contact Information
• Scams: How to Avoid Them
• Resources
• Legal Considerations
• Security Issues
• Templates
• Web Site Development
• Domain Names
• Web Site Hosting
• In-house
• Outsourcing
• Search Engine Tactics Strategies
• Keywords
• Pay-per-Click (Google Adwords)
• Organic
• Search Engine Resources
• Conclusion

When you’re buying scrap gold jewelry from family and friends it shouldn’t be a problem to pay them by check. (Remember, it’s a good idea to open a checking account specifically for your business so you can easily track all your business related expenses.) When making scrap gold purchases from friends of friends and strangers it’s more difficult to pay for your gold party purchases by check. If they insist, pay with cash. But make every effort to avoid this. There can be security issues. WE discuss several different strategies for handling this issue in our Scrap Gold Business and Gold Party Start Up Guide.

How much do I pay my gold party guests for their scrap gold jewelry?

Think long term! The  more you pay your gold party guests for their scrap gold jewelry the more likely they are to refer their friends and family to your scrap gold business. Your scrap gold strategy requires balance. We cover this topic in detail in our Scrap Gold Business and Gold Party Start Up Manual.

How do I handle any small stones like diamonds or rubies in the piece I’m buying?

99.9% of the time, the small stones present in a scrap gold or silver piece you’re purchasing have zero value. Typically, the weight of these stones is of little consequence. With just a little experience you’ll learn to make a small deduction in the weight of the scrap jewelry piece you’re about to buy. Advise your gold party customers ahead of time that you don’t have time to remove these stones. We often provide a few basic tools like needle-nose pliers for our gold party guests to use to remove their stones themselves. These stones are usually held in place by small prongs.

How can I be certain the scrap gold piece is really gold?

First, study our Scrap Gold Business and Gold Party Start Up Guide. Second, PRACTICE. Use the testers, the acids, the magnet and other strategies we discuss. After you employ all the techniques we teach you, on the rare occasion you’re still uncertain whether the scrap gold piece is really gold, silver, or platinum – Just Pass. Don’t buy the piece! Protect your cash!

Scrap gold business and watches – Do I buy them?

The short answer is no. Now don’t misunderstand. There is great profit potential in watches. However, you’ll need to become an expert to exploit this niche.

Where do I find a trustworthy Refiner?

Read our Scrap Gold Business and Gold Party Start Up Guide! We list specific Refiners we use. Get our Newsletter to access updates to this list. We typically receive 92.5% at a minimum for our scrap gold shipments. You must avoid the “Cash 4 Gold” type mail in businesses to maximize your profits and build a real, scrap gold business with recurring income for life.

Do I need a license to operate a scrap gold business or to conduct gold parties?

GENERALLY, No. However, we are not compliance experts in all states and provinces! So… perform your own due-diligence. We’ve discovered that buying scrap gold from the public and having a fixed, physical location often requires a second-hand dealer’s license, a precious metals dealer’s license or something similar. When buying scrap gold jewelry at gold parties, especially in private residences, a license is rarely required.

You have two options for deciding if you need a license to buy scrap gold jewelry:

• It’s better to ask forgiveness than for permission
• Visit your local city hall, police department, Secretary of State, Department of Corporations…

On the rare occasions we’ve been required to get a scrap gold jewelry buying license, the most we’ve paid is $85 per year. Also, in a few locales, the local police department has requested we gather identification from each seller. We offer a very simple way to do this in our Scrap Gold Business and Gold Party Start Up Guide.

When you invite family, friends, and acquaintances to your gold party it’s much like a garage sale. It’s a private and social event and you’re the gold party host. Your gold party guests have the option to sell their scrap gold and leave with cash or check.

Now, when you rent a hotel room and advertise for scrap gold sellers, under certain circumstances you may need a license. Again, this is thoroughly discussed in our guide, “How to Start a Gold Party Business & Create a Life-Time Income.”

There’s just a few steps you need to take to achieve the goal of building a scrap gold business.

1. Learn how to test scrap gold. This is not rocket science. Our 87 page “Scrap Gold & Gold Party Business Guide” will walk you through the process of testing scrap gold. Follow our step-by-step discussion, practice the simple techniques we teach you and will succeed.
2. Learn how to market and advertise your new scrap gold business. Again, this is thoroughly taught in our “Scrap Gold Business Guide.”
3. Build a network of consumers who will market your scrap gold buying service in return for a commission. We recommend you pay commissions, on a sliding scale, 3-tiers deep. Again, this strategy is thoroughly taught in our Gold Guide.
4. Discover how to sell your scrap gold purchases directly to a refiner enabling you to cut-out the middleman. DO NOT sell your scrap gold purchases to any of these cash for gold outfits. Instead, with our Scrap Gold Guide list of resources, you’ll go directly to the refiner and be paid 90% or more of the current scrap gold price.

All these topics, and many more, thoroughly discussed in our “Scrap Gold & Gold Party Business Guide.” (For a complete list of each chapter, go here: “Buy the Book.”

There is some question as to whether you need a license of any kind to conduct scrap gold parties. When conducted in private homes, our experience is that a license is seldom required. When we rent hotel rooms and buy from the public we’ve often been told a second hand precious metals dealers license is required.

To be safe, if you’re concerned about scrap gold licensing, visit your local city hall and ask. Additionally, visit your local police department and discuss your scrap gold business model with them.

Regarding any state licensing, visit  Google.com and perform a search for scrap gold party license or scarp gold party licensing. Also, try second hand precious metals dealer license.

We tried this search: “Maryland precious metals dealer license” and wound up here: http://www.dllr.state.md.us/pq/ very nice! Notice the link, 2nd from the bottom on the right hand side: Secondhand Precious Metals Objects Dealers and Pawnbrokers

Next, in the “Search” box type in “gold party.”

Then, select “Event” in the drop down box. You may need to search in additional categories as well. “Gigs”, “All Services Wanted”, etc.

For security reasons perform appropriate due-diligence! Do not simply show up at a strange location attended by strange people with all your scrap gold.

For example, you might invite 10 friends and family members to your scrap gold party. We find the average scrap gold “buy” is $300. So you will earn 10% of the total $3000 purchased at your gold party. That’s $300 in your pocket!

Now, if your smart, you’ll invest this $300 into your own scrap gold business. With a little hard work on your part, you can eventually be able to make your own scrap gold buys without using the pawnshop’s money. Then, you can simply deliver or mail your scrap gold purchases directly to a Refiner.The Refiners we list in our Gold Party Profits Manual pay 90% to 95% of the crap value of gold.

So, let’s say you host a gold party and make scrap gold purchases at 60% of scrap gold value and you purchase $5000 of scrap gold. Your payout to your gold party attendees is $3000.  If the Refiner you choose to use pays 95% you pocket $1750 for hosting a single gold party.

Be aware! a 60% payout to your gold party attendees is very high. Cash4Gold typically only pays 30% – 35%. So… this is the method we recommend in our Gold Party Profits Manual to buils a fantastic money machine for yourself.

This works! It’s not rocket science. Learn how to test scrap gold. Invest in yourself. Put your profits back into your business. And overcome your fear.

If it feels uncomfortable it means YOU MUST DO IT!

(b) Each such licensed person shall keep a record in which he shall note at the time of each transaction a description of the goods purchased and the price paid for them, the name and address of the person selling the goods and the date and hour any such goods were received. Each such licensed person shall demand positive identification from the person selling the article and the type or form of identification received shall be noted in the record. Any state police officer or municipal police officer shall have access to the record required to be kept under this section and may inspect the place where the business is carried on as well as any goods purchased or received.

(c) No such licensed person may purchase any goods from a minor unless such minor is accompanied by a parent or guardian. Each such licensed person may only pay for goods received by check, draft or money order and no cash shall be transferred to either party in the course of a transaction subject to the provisions of this section.

(d) At the time of making any purchase each licensed person shall deliver to the person selling goods a receipt containing the information required to be recorded in subsection (b) of this section, the amount paid for any goods sold and the name and address of the purchaser.

(e) Upon request of the licensing authority each such licensed person shall make a weekly sworn statement, describing the goods received and setting forth the name and address of each person from whom goods were purchased, to the chief of police or first selectman of each municipality in which he transacted business that week. Such sworn statement shall not be deemed public records for the purposes of the Freedom of Information Act, as defined in section 1-200.

(f) Any person who violates any provision of this section shall be fined not more than one thousand dollars.

Retailers need to obtain a sales and use tax certificate by filing form REG-1 with the Connecticut Department of Revenue Services and be familiar with the reseller’s certificate.  Contact the agency: 1-800-382-9463 (Connecticut only), (860) 297-5962 or drs@po.state.ct.us. ]]> http://www.goldpartyprofits.com/do-you-need-a-license-to-sell-gold/feed/ 0 http://www.goldpartyprofits.com/how-to-buy-gold/ http://www.goldpartyprofits.com/how-to-buy-gold/#comments Thu, 17 Dec 2009 01:40:33 +0000 admin http://www.goldpartyprofits.com/?p=391 Gold coin buyers are overpaying!

Gold investors are typically paying much more for gold coins than the actual value based on gold content.

Certain gold coins are selling at premiums approaching 50% over the true gold content of the coin. Of course a small premium is to be expected. However, recently the U.S. Mint was selling “Ultra-High Relief Gold Double Eagles,” a one ounce gold coin, for $1539.00. Meanwhile, some gold coin investors are paying as much as $3000 to more than a few gold coin dealers.

The best deals as of this writing is the smaller denomination gold coins such as lower quality $20 gold coins bought as close to the gold content value as possible.

Entrepreneurs contemplating entry into a new business niche will certainly want to consider the scrap gold buying and selling industry. There is tremendous interest by consumers and businesses in this highly profitable space.