How to Make Money Buying Selling Gold

Invest in a gold testing kit and scale. You will need to test the gold that you agree to purchase before purchasing. You will also need to weigh the gold as you will be purchasing by weight. You will also need to start with some cash on hand to make your first purchases.
Have a gold party. Ask friends and family to gather together and bring old jewelry they do not want or scraps of gold. Test the gold and offer an amount to the owner that is less than what you can get for it, so that you can later sell it. A good incentive for a hostess to have a party is to offer a small percentage to her as well.
Advertise yourself as someone who buys scrap gold. You can have business cards, use word of mouth from the parties, or create flyers that give information on how someone can earn money bringing you scrap gold.
Have relationships with local pawn shops. While many of them may be buying and selling gold for their own profit, some may find it too tedious and decide not to. Offer your services to take any scrap or unclaimed gold off their hands.
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How to Earn a Finders Fee

Establish an understanding with your client about how you will be paid. It is vital that you have a signed contract detailing these arrangements because you get paid after the deal closes, so clients often dispute the value of your services when they no longer need them. Sometimes industry law requires a license to charge a finder's fee, such as when you introduce an investor. In those cases you will need to be paid as a consultant rather than a finder.
Gather your facts. What exactly does your client need in terms of customers, business projects or investment? If you expect to be paid for your efforts, you must provide a professional service. That includes pre-qualifying any potential customers, business deals or investors before you introduce them to your client.
Prepare your marketing materials. Sometimes your client will have brochures or business plans for you to use in marketing, but often you will need to create your own, which you tailor specifically to the requirements of your business or investor contacts.
Show the deal to your contacts. Find out exactly what they like about the deal and what they would prefer to see. Every bit of information you can gather about the preferences of both sides of the deal will increase your chances of a successful close.
Close the deal. Often closing the deal takes the most time since each side will jockey for the best terms. You will earn your fee if you can maintain control and bring the deal to a quick and mutually pleasing close.
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