36 Profitable Gold Business Opportunities
Seeking to start a gold business but not quite sure what to start?
The good news is, there are so many opportunities to become an entrepreneur and build an innovative product/service in this line of work.
If you're looking to start your own gold business, there are several amazing options you can choose from.
We put a list together below of the most profitable gold business ideas you can start today!
Here they are:
1. Start a youtube channel
For anyone looking to start a successful YouTube channel, there are plenty of YouTube channel success stories that can be used as inspiration and encouragement. In addition, YouTube has an established monetization system and boasts incredible popularity, making it a potential platform for revenue generation.
In this article, we'll look at different approaches you can use to help promote your channel and grow your viewers. While there's no quick and easy way to success, you can take these tips to build your own YouTube Channel Success story. If you love content creation, you can capitalize on YouTube's popularity to earn extra income.
If you want to join the Youtube partner program to monetize your channel, you will need to reach a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months.
How much you can make: $800 — $4,500,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 48 days (?)
Time commitment per week: Min. 5 hours/week
Learn how this entrepreneurial couple made $5-7k a month by helping others find legitimate work from home jobs and creative ways to make money online through their blog and YouTube channel, as well as offering two flagship products designed to help beginner freelancers and new bloggers accelerate growth.
2. Start an online gold dealing business
3. Become a gold researcher business
4. Start a gold safe keeping program business
5. Start a host gold forums business
How much you can make: $300,000/month
How long does it take to build: 60 days (?)
WPX, a WordPress hosting company, started as a side project bootstrapped with just a server and a few licenses, and is now a team of over 100, servicing over 11,000 customers globally, with an annual income of $3M, thanks to their consistent focus on providing fast, reliable service and tech support for non-techies.
6. Start an authorized gold purchasing business
7. Start a senior gold mining business
8. Start a host gold parties business
9. Start a direct gold ownership business
10. Start a pawn shop
A pawn shop is a retail establishment that offers secured loans to customers in exchange for personal property, such as jewelry, electronics, and firearms. The business model is simple: customers bring in items of value, and the pawn shop provides them with a loan. If the customer repays the loan, including interest, within a specified period of time, they get their property back. If they don't, the pawn shop keeps the property and resells it.
Pawn shops have been around for centuries and have a reputation for being a bit seedy and serving only the most desperate customers. However, with the rise of reality television shows such as “Pawn Stars” and "Hardcore Pawn,” people are beginning to see pawn shops in a different light. Today, many pawn shops are clean and well-lit, offering high-end items such as designer handbags and watches.
To start a successful pawn shop, it's essential to understand the value of the items you will be buying and selling. It's also essential to have a good relationship with your customers and to be willing to work with them to find a loan solution that fits their needs. Additionally, you should always comply with all federal, state, and local laws.
One of the most exciting aspects of a pawn shop business is the ability to buy items at a low price and then resell them at a markup. It’s the perfect opportunity for an entrepreneur with an eye for a bargain and a knack for selling.
Another critical aspect of running a successful pawn shop is to create a safe and secure environment for your customers and employees. Properly securing and monitoring your inventory and implementing security measures to protect your staff from potential harm.
Overall, a pawn shop can be a great business opportunity for anyone interested in buying and selling value items. A pawn shop could be the perfect business for you if you have an entrepreneurial spirit, a good sense of value, and a willingness to work with customers.
11. Become a gold speculator business
12. Start a gold streamer business
13. Start a raw gold selling business
14. Start a gold reseller shop business
How much you can make: $30,000/month
Case study: How two entrepreneurs went from a crazy idea to making $30,000 per month in just 8 months selling gold-plated moissanite hip-hop jewelry, utilizing SEO to scale their business and surpassing 10,000 organic monthly visitors.
15. Start a gold exchange-traded funds business
16. Start a gold mining business
Gold mining is a global business with operations on every continent except Antarctica. Demand for gold will continue growing. More than 90% of mined gold goes into jewelry, bullion, and coin making. The precious metal is also used in cosmetic dentistry for dental fillings and crowns as it is non-reactive and easy to insert into the human body.
If you plan to start a gold mining business, start small and expand as needed. Discover a valuable gold mine and claim its ownership. Register your gold mining company and ensure you have met all legal requirements and insured the business.
17. Start a local gold dealing business
18. Start a goldsmith business
19. Start a gold options trading business
20. Start a gold purification business
21. Start a gold plated jewelry making business
How much you can make: $16,700 — $416,667/month
How much does it cost to start: $7,500 (?)
How long does it take to build: 545 days (?)
Taylor & Hart CEO Nikolay Piriankov tells the story of the company's journey from a diamond trading business to an award-winning, disruptive e-tailer of custom-designed, ethical engagement rings and fine jewelry, offering a bespoke design service through specifically developed technology online and instore, and growing to £4-6M in annual revenue.
22. Start a host gold coin shows business
23. Start a gold coins collecting business
24. Start a gold casting business
25. Start a junior gold mining business
26. Start a gold teeth business
27. Start a gold flipper business
28. Start a jewelry inspection business
29. Start a gold test kit business
30. Start a gold bar business
31. Start a sovereign gold bond scheme business
32. Start a professional jewelry scale business
How much you can make: $60,000/month
How long does it take to build: 180 days (?)
Lily Blanche founder, Gillian Crawford, grew her jewelry business to a £480k annual turnover by shifting focus to ecommerce, building her brand, prioritizing customer service, and utilizing a mix of word of mouth, email, social media, and paid traffic channels to drive sales.
33. Start a gold valuation business
34. Start a gold mutual funds business
35. Start a goldsmith training center business
36. Start a scrap gold recovering and selling business
- 4,818 founder case studies
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- 8,628 business ideas
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings