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      Auctioneer

      ExpertHub Staff by ExpertHub Staff
      Oct 29, 2009
      in Entertainment & Events
      13
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      RelatedTopics

      Inventor

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      Business At A Glance

      Auctioneer

      Startup Costs: $10,000 – $50,000
      Franchises Available? No
      Online Operation? No

      Business Overview

      Have fun and make lots of money by startingand operating an auction service. The first thing you have to knowabout becoming an auctioneer is that training is required, and eachstate and province has its own criteria for auctioneer licensing.

      However, with that said, there are dozens of auctioneer schools acrossthe United States and Canada. Contact the associations listed below toinquire about auctioneer training in your area. Auctioneers are morethan just fast talkers; they are also expert marketers who have anexcellent knowledge of the products they sell, the demand for theseproducts, and the target audience of buyers. They must be knowledgeableabout this audience, because without buyers in attendance it does notmatter what’s up for auction. That is why most auctioneers specializein one or two types of goods, such as real estate, heavy equipment,antiques, automobiles or general goods.
      Starting an auction servicealso requires relatively deep pockets unless you contract yourauctioning services to other auctioneers. It is a costly business toestablish because you have to pay for everything upfront to advertise,promote, set up and run the auction before you receive yourcommissions, which are based on the total value of the goods sold atauction.

      ExpertHub Staff

      ExpertHub Staff

      ExpertHub’s award-winning team of Staff Writers deliver unique, insightful and curated content from successful business leaders, authors and subject matter experts. This highly-experienced team understands the information that business readers are looking for, what’s unique and impactful, and how to distil key ideas into actionable insights.

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