If you absolutely love visiting quaint antique shops and have a passion for home décor, why not combine the two and start to deal in antiques? Of course, we are not suggesting you grab your cheque book and head off to the antique market – in order to be successful at buying and selling, you need to have some solid background knowledge of antiques.
Choose your Period
The word “antique” covers such a wide area that you really should nail a particular period that you like and focus on that. It might be the Renaissance or Victorian style that attracts you, and by focusing your attention on that era, you will soon gain a valuable insight. You might be looking for French provincial furniture in Sydney and your best bet would be to browse the online antique dealers who are based in Sydney.
The Internet is always a good source of information and if you want to gen up on antiques, the digital highway can take you to all the resources you need. There are even YouTube tutorials on how to identify genuine items and by reading about your chosen era, you will gradually build up adequate knowledge to be able to identify pieces.
Forge an Alliance with a Local Dealer
The online antique dealing community is already large and using Google, you can easily hook up with a small, local antique dealer who can source items for you. He will likely teach you a thing or two and who knows, a friendship could develop? Having friends in the industry will certainly do you no harm and you can gradually build up a network of antique dealers, which will stand you in good stead in the future.
Visit Flea Markets
Flea markets and car boot sales are ideal training grounds for a novice antique dealer and you might just stumble on a real bargain! You should be aware that you are not the only person who wishes to make some money out of buying and selling antique furniture items, yet that should not discourage you. It can be simply being in the right place at the right time.
Learn about Restoring and Refinishing
If you want to make a decent profit in the antique circles, you will need to have at least some basic finishing skills and also know how to restore items. If you can source a good antiques restorer, he can carry out the improvements, but this will cut into your profits. The big profits lie in restoration, but you really have to know your stuff in order to be successful and that takes a few years. Like anything else, you only get back what you put in, and if you devote a lot of time and patience into your new hobby, there’s no reason why you can’t make a little money doing what you love.
Many of today’s well-known antique dealers started as a hobby and the rest is history. Be prepared to invest time, money and of course, energy, and hopefully, you will get the most out of your new hobby.