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While many people drudge away during their morning commutes and sit idly behind computers all day at jobs they hate they are oblivious to the vast spectrum of creative independent ways that there are to make a living – this article will focus on the unique niche business of vintage door hardware distribution.
Wherever there is demand for a product there is opportunity to profit from satisfying that demand. When most people think of retail products they are most likely to think of high end products (flat screen televisions) or products that they frequently use in their daily lives (plates and glasses) but the reality is that pretty much every item people come in contact with (outside of nature and government services) is the end result of someone selling and providing that product with a profit motive. The same individuals with the tunnel vision that keeps them unhappily pushing papers around a desk Monday through Friday from nine to five are the same folks that are not allowing themselves to see the plentiful opportunities for increased freedom, earning, and career satisfaction.
For the individuals that aspire to chase ambitious entrepreneurial endeavors the surprising things most often holding them back are their own thoughts and ideas. Prosperous notions and ingenious money making ideas are all around each and every one of us during our every day lives. Our failure to recognize and more importantly capitalize on the opportunities that are right in front of our noises is due to an inability to see the micro picture.
The macro picture that includes the pot of gold at the end of the rainbow can quickly become overwhelming as thoughts of supply chain management, clients, distributors, and billing systems rapidly become too much to oversee in our heads. Further review can lead to a frequent road block known as “analysis paralysis” where there are so many ideas being worked on and processed at once that our mental tolerance is essentially over loaded and the system is shut down due to hyperactivity in much the same way that a circuit breaker is tripped to prevent total electrical disaster.
The real secret to success in any business venture is to find a niche where there are minimal and preferably no competitors. This, my friends is the secret to making serious money. Can you make money in mainstream organizations by keeping your head down, working hard, and progressing up the corporate ladder over a lifetime? Sure you can. But there are so many easier ways to make anywhere from a comfortable living to an extraordinary amount of income and contrary to popular opinion achieving such fulfilling success does not require being the smartest person in a room full of smart people. The situation worth pursuing is the endeavor that only requires you to be someone of moderate intelligence competing in an industry otherwise dominated by peers with below average intelligence.
The broad notion of targeting business opportunities that are lower profile and subsequently less competitive is a dynamic idea that is often best capitalized on in the areas you would least expect. This article is titled after the little known business of selling vintage door hardware because this is an excellent example of finding opportunity in the most unusual of places. The vintage door hardware business is much like any business model. The idea is to buy low and sell high. There is demand for vintage door hardware wherever people are renovating existing homes or offices, building new homes or offices with a desired vintage look, or are repairing/replacing vintage hardware that for any number of reasons has been damaged.
Having now grasped the most basic concept (buy low, sell high) and armed with a greater understanding of the demand for the product the final question you should be asking yourself is how to get a hold of this limited resource in order to profit from reselling it to the end consumers identified in the earlier target market analysis. The answer to this question can be resolved in much the same way any business issue can – by being creative. There is money to be made in finding unique solutions for consistent problems.
The most popular place that vintage door hardware distributors acquire their product is at construction sites where existing structures are being demolished or completely redone. In many instances the door hardware may even be tossed aside as garbage free for the taking. This scenario quite literally sets up an occasion where one man’s trash is in fact another man’s treasure. In larger more metropolitan areas where there is actually some competition (albeit generally not the national best and brightest) vintage hardware distributors bid on projects whereby in exchange for an agreed upon compensation they will have the right to take over the discarded vintage door hardware resulting from a large scale rehab project. In this way the free market sets the going rate but it is no where near the efficient market that high profile commodities like oil trade on, this is the benefit of being in a business that does not attract top notch competition.
The bottom line is that vintage door hardware distribution is just one of literally thousands of less competitive business niches that have such little competition that success is all but guaranteed.