The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

High End Luxury brokering

Consi444

PARKED
Nov 10, 2019
3
0
1
Hello !

I dont know much to say for a start, but Im a 22 year old in the worlds most luxury items broker ( diamonds and fine art ).I have managed for within the last 5 years to put myself into the top of the trading group. I work with people who are old enough to be my grandmother/grandfather. Connections are very very good, up to the Sothebys/Christies ( literally up to it) . My main concern is that I get a lot of calls and requests daily for what ''clients'' need, but most of them are obviously only talks. Nothing serious. I have only 1 person serious to it who also brought us a client for a 42million USD diamond. What Im looking at is.. How can I expand ? I have all the top-notch connections to it. I have people who are representing the presidents of the world aswell as politicians. But somehow I feel I am stuck at this stupid talking shit and giving info to randoms they dont deserve. Does anyone have any idea where to begin to start looking for such companies; representives etc ? My partner does a good job, but I cant always rely on him. I found this forum and if theres anyone who can help me I will appreciate it.
 

Don't like ads? Remove them while supporting the forum. Subscribe.

JScott

Legendary Contributor
EPIC CONTRIBUTOR
FASTLANE INSIDER
Speedway Pass
Aug 24, 2007
4,208
8,150
1,961
My main concern is that I get a lot of calls and requests daily for what ''clients'' need, but most of them are obviously only talks. Nothing serious.

...

I have all the top-notch connections to it. I have people who are representing the presidents of the world aswell as politicians.
Those two statements are completely contradictory. Which one is it?

If it's the first, then you haven't made it and you don't have top-notch connections. If it's the second, then you shouldn't have a problem.
 
OP
OP
C

Consi444

PARKED
Nov 10, 2019
3
0
1
Those two statements are completely contradictory. Which one is it?

If it's the first, then you haven't made it and you don't have top-notch connections. If it's the second, then you shouldn't have a problem.
Hi, thanks for the reply, Sorry for not clearing it up properly. I work with the sellers mandate/sellers side, no problems there. Now I do have a few people from the buyers side, the buyers mandate, proffesional people - No problems there either. I have more people who claim they have buyers etc, but obviously they dont, so its a time-wasting process for everyone, I was asking for tips where should I focus my vision to expand to find more buyers/ buyers mandates who are really into investing in that kind of market items.
 

quicksort

New Contributor
Oct 9, 2015
14
8
17
29
Hi, thanks for the reply, Sorry for not clearing it up properly. I work with the sellers mandate/sellers side, no problems there. Now I do have a few people from the buyers side, the buyers mandate, proffesional people - No problems there either. I have more people who claim they have buyers etc, but obviously they dont, so its a time-wasting process for everyone, I was asking for tips where should I focus my vision to expand to find more buyers/ buyers mandates who are really into investing in that kind of market items.
Are the window shoppers broke or people with actual money who would be serious buyers if they found an opportunity to low-ball you? Is it possible they are just bothering everyone like you that they can in hopes of finding something that can resell for a profit?

If they're just broke timewasters, could you do something like require new customers to PayPal you $1,000-10,000 that you'll give back in a week? Not even as a deposit, but just to prove they're not broke.

If they want to buy and resell then I don't think this helps you much but maybe even those folks wouldn't want to leave money tied up with various brokers if they're serious about pestering multiple ones and more brokers started requiring this.
 

SamRussell

Silver Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Dec 3, 2018
415
661
259
UK
Are the window shoppers broke or people with actual money who would be serious buyers if they found an opportunity to low-ball you? Is it possible they are just bothering everyone like you that they can in hopes of finding something that can resell for a profit?

If they're just broke timewasters, could you do something like require new customers to PayPal you $1,000-10,000 that you'll give back in a week? Not even as a deposit, but just to prove they're not broke.

If they want to buy and resell then I don't think this helps you much but maybe even those folks wouldn't want to leave money tied up with various brokers if they're serious about pestering multiple ones and more brokers started requiring this.
Maybe a way to qualify or filter your leads is what you need? Then you can focus more on high value buyers.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
I bought 4 of his courses about freelancing / copywriting. I'm halfway through the first. The...

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom