Auctioneer
Startup Costs: $10,000 - $50,000
Franchises Available? No
Online Operation? No
Have fun and make lots of money by starting and operating an auction service. The first thing you have to know about becoming an auctioneer is that training is required, and each state and province has its own criteria for auctioneer licensing. However, with that said, there are dozens of auctioneer schools across the United States and Canada. Contact the associations listed below to inquire about auctioneer training in your area. Auctioneers are more than just fast talkers; they are also expert marketers who have an excellent knowledge of the products they sell, the demand for these products, and the target audience of buyers. They must be knowledgeable about this audience, because without buyers in attendance it does not matter what's up for auction. That is why most auctioneers specialize in one or two types of goods, such as real estate, heavy equipment, antiques, automobiles or general goods. Starting an auction service also requires relatively deep pockets unless you contract your auctioning services to other auctioneers. It is a costly business to establish because you have to pay for everything upfront to advertise, promote, set up and run the auction before you receive your commissions, which are based on the total value of the goods sold at auction.
Auctioneer Ideas
Party Entertainer
Always been the life of the party? Start a party entertaining business.
Reunion Organizer
Bring old classmates together by organizing reunions.
Music Lessons
Share the sound of music with your students.
More from Business Ideas
She Turned Her Dorm Room Side Hustle Into a $10 Million Business — And Scored a $200,000 Shark Tank Deal Along the Way
When Philomina "Philo" Kane started making satin-lined hoodies in her dorm room, she had no idea it would one day become a multi-million-dollar brand.
He Had $75 When He Immigrated to the U.S. as a Refugee. Then He Started a Business — and Grew It to $1.2 Billion.
Payam Zamani, founder, chairman and CEO of private equity firm One Planet Group, faced numerous challenges as an immigrant entrepreneur, but none of them deterred him from his vision.
Love Doesn't Have to be Tough — 3 Things to Do to Keep Harmony in Your Family-Owned Business
Family matters. So does being intentional in the workplace.