How to Become a Wholesale Trade Broker
- 1). Enroll in college courses and obtain an associate's degree in business. A degree is not necessary to become a trade broker, but it gives you a solid foundation from which to build your career.
- 2). Work in various sales jobs throughout your school or career. Wholesale, as well as retail, experience aids you in your journey to becoming a trade broker.
- 3). Choose an industry with which you are familiar. Pick an industry where you have work experience or intimate knowledge of the subject matter.
- 4). Meet with manufacturers. Sign a brokerage contract with each of the manufacturers to lock in a price for the goods you will be brokering, as well as your commission for for every sale.
- 5). Review the specifications from each manufacturer to determine a potential client base for each product. Every manufacturer provides you with sales materials that teach you the target market and a sales approach.
- 6). Contact each potential buyer to make sales. Sign a purchase order contract with each buyer detailing her first order. Collect a check for the order price that includes your commission.
- 7). Send the order to appropriate manufacturer along with a check. Deduct your fee for the transaction before paying the manufacturer.
- 8). Follow up on every order, from the manufacturer through the final delivery. Track every shipment by keeping in touch with the shipping agent in control of the merchandise.