In times like these when extra cash is so difficult to come by, what better way to earn a few bucks fast and easy by attending gold parties? Selling your gold at a gold party may get you fast cash, but if you don’t know about the basic facts when it comes to your gold or how a gold party is done, you may end up losing money in the long run. People who have been to a gold party swear some gold buyers at parties offer much lower prices for your gold than other local competitors. A gold chain, for example, that you bought at $250 will only get a highest bid of $130. An offer like that isn’t just bad business practice, it’s practically like stealing from from someone in their own homes. To prevent a situation like this from happening, learn about the basics of a gold party.
Even though some gold parties are not to be trust, this does not mean ALL gold parties are not meant to be trusted. There are some parties that will really offer you very competitive offers. The first step is to choose a party that is organized by a reputable company. Do your research. Pick a company that has had a good amount of positive reviews from other friends or other positive reviews from public listings. They may be very rare these days but they are there if you know where to look. In the meantime, here are some important tips to keep in mind before attending a gold selling party.
What Exactly Is a Gold Party
It is simply a group of friends, neighbors and or office buddies gathering over food and drinks. A professional sales representative will be there to look at and give out offers for pieces of gold items. It can be an open house party or it can be an exclusive gathering of close friends. The professional gold buyer will appraise the gold items of the guests and buy on the spot if both parties decide on an agreed price. Make sure that this professional comes from a legitimate gold buying company and has the most knowledge when it comes to gold and other precious gems. Ask the representing professional a couple of questions before you and your friends get started with the gold party. It is always better to be over informed than to be under informed. Ask for their credentials, how many gold parties they have done, and so forth!
Who Can Host a Gold Party?
If you volunteer to be the party host, you have the potential to earn a ten percent commission on the proceeds of the night. For example, if the gold buying company, as represented by the professional appraiser present in the party, pays a total of $4,000 to the guests, as the host you can get $400 as commission payout. The gold buying company will provide you with a kit as your guide in hosting the party. You don’t even have to spend for anything, except maybe for the power bills and the refreshments for the night. Sometimes, the company will even offer to shoulder the expenses for food. Aside from the ten percent commission, you as a host will also receive a referral fee for a party that has been organized as a consequence of your having organized the first party.