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How to make $10,000 yearly with ZINC

Zinc is essential for a healthy life. Zinc deficiency can cause rashes, diarrhea, impaired taste and eye problems. It is used to macular degeneration, diabetes and the common cold.

Zinc, an essential mineral, is naturally present in some foods, added to others, and available as a dietary supplement. Zinc is also found in some cold lozenges, over-the-counter drugs sold as cold remedies, and some denture adhesive creams. Zinc is involved in many aspects of cellular metabolism.

it is a major player in the creation of DNA, growth of cells, building proteins, healing damaged tissue, and supporting a healthy immune system. [1] Because it helps cells to grow and multiply, adequate zinc is required during times of rapid growth, such as childhood, adolescence, and pregnancy.

As we said before, zinc futures are traded on commodity exchanges like the London Metals Exchange (LME) and the New York Mercantile Exchange (NYMEX). In India, these can be bought and sold on the Multi-Commodity Exchange (MCX).

Prices are expected to remain stable at these levels through 2022 before softening to $2,500 per metric ton in 2023 and to $2,200 by 2025. Long-term trends for zinc are unchanged at $2,100 per metric ton, though the metal’s price trends for the period between 2022 and 2025 were lifted by $100 to $500 per metric ton.

Uses of Zinc

  • The metal is used for manufacturing like creating roofing materials or making zinc oxide.
  • The metallic element is used for various purposes ranging from sunscreens to solar cells to nuclear reactors.
  • The metal helps in maintaining the balance of enzymes in the human body.
  • It is used as a white pigment for oil-based paints.
  • Another important use of zinc oxide is as an additive to the rubber used to make automobile tires.
  • Zinc oxide can withstand high temperatures and it prevents the tires from breaking apart when they get hot.
  • Freshly cast zinc has a bluish silver surface but is slowly oxidised in air to form a film of greyish protective oxides. Highly pure zinc (99.99 percent) is ductile; the so-called prime western grade (99.8 percent pure) is brittle when cold but can be rolled over 100 ° C (212 ° F) into flexible sheets. The zinc crystallises in the tightly packed hexagonal form.
  • Zinc is widely used in the die casting industry. At present, zinc is the world’s fourth most widely consumed metal after iron, aluminium and copper. It has strong anti-corrosive properties and is well connected to other metals. Accordingly, about half of the zinc produced is used in galvanising zinc, which is the method of applying thin layers of zinc to iron or steel to avoid rusting.
  • The next leading use of zinc is as an alloy; the zinc is mixed with copper (to form brass) and other metals to form materials used in vehicles, electrical parts, and household appliances. A third significant use of zinc is in the production of zinc oxide (the most important zinc chemical by volume of production), which is used as a protective skin ointment in rubber manufacture.
  • Zinc is essential to health, as well. It is a critical element to proper human, animal, and plant growth and development. The adult human body contains between 2 and 3 grams of zinc which is the amount required for the proper functioning of the body’s enzymes and immune system.

Physical Properties of Zinc

  • Zinc is generally seen as part of larger compound minerals.
  • When secluded, it is a very sparkly, whitish-blue metal.
  • The metal is not as soft as copper and has lesser uses.

Certain Facts about Zinc

  • In 1746, Marggraf secluded and defined zinc as a distinct metal.
  • In the fourth period or row in the periodic table of elements, zinc is the last transition element.
  • Large doses of zinc, especially when taken on an empty stomach, can cause nausea and other forms of gastrointestinal upset. Large doses of zinc can also induce a deficiency of copper and lead to overdose.
  • Many supplements use much more than the RDA, and a combination of supplements, fortified foods, and high zinc foods can result in exceeding the adults’ tolerable upper intake level of 40 mg per day.
  • Childhood zinc deficiency can hurt growth. Zinc deficiency in adults can lead to hypogonadism in men, as well as mental lethargy, depression and defects in the skin.

About three-fourths of zinc used is consumed as metal, mainly as a coating to protect iron and steel from corrosion (galvanized metal), as alloying metal to make bronze and brass, as zinc-based die casting alloy, and as rolled zinc.

Make $7,000 weekly with Diamond

diamond, a mineral composed of pure carbon. It is the hardest naturally occurring substance known; it is also the most popular gemstone. Because of their extreme hardness, diamonds have a number of important industrial applications.

A diamonds’ price is determined primarily by the 4 Cs of the diamond. On the wholesale level, diamond prices are first based on a diamond shape and size range (e.g. 1.00ct – 1.49ct). After that, it is broken down by color and clarity and then priced per carat. That price is then multiplied by the specific weight of the diamond. Other qualities impact the price as well such as cut, fluorescence, types of imperfections, etc.

The role of a trader is purchasing in bulk and reselling to retailers on a profitable margin. The diamond trader salary has high potential when the capital is available to purchase large quantities at a discount and resell them around the marketplace.

The business of diamonds is extremely high value and the diamond broker salary potential is high for a busy broker. The diamonds themselves have several important placements in the supply chain. They are first mined and these rough diamonds are sold either directly to retailers or to traders.

The broker differs from the trader because they never actually own the diamonds. A broker facilitates the purchase of diamonds between a seller and a buyer. This can happen at varying levels. For example, a broker may manage the sale of a rare, private collection of diamonds between two private parties. The broker may also manage the sale of raw diamonds between the mine and a retail partner.

Building a Broker Business

If you work with an existing company, they may help with leads and cover some of your costs as a broker. Regardless, an employed and independent broker both must complete many of the same objectives.

The broker is tasked with connecting buyers and sellers. The value in the brokerage business is making that connection while safely facilitating the transfer of the diamonds and money. The broker must setup an escrow service hold currency while the diamonds are verified by the broker or a certified inspector.

After the diamonds are verified, the broker can manage the hands on aspect of the transfer with personal security or use a security company to manage the transfer. As the physical transfer takes place, the funds are released to the seller. The broker makes money on a percentage cut of the sale or a flat fee depending on the preferred business model.

In many cases, the broker charges a service fee to cover overhead and a percentage that essentially functions as a commission. A diamond broker salary varies widely based on the number and value of transactions managed each year.

Selling Brokerage Services

Selling the service requires working to find sellers and buyers alike. You must find diamond mines, private party sellers and collectors that frequently buy and sell diamonds. This process requires research to locate contacts and networking skills to make the personal connections and introduce yourself along with your services.

After acquiring numerous sources of diamonds for sale, you must find the clientele that wants to purchase diamonds. Working with retailers to safely broker buys with mines is a good model. It cuts out the traders and opens the retail business to a higher margin on their purchase. This justifies the cost of your brokerage service and both parties benefit.

Outside of retailers, you can advertise online and you can network in the small world of high-end jewelry, so that you can build a list of potential private party buyers. A monthly newsletter with inventory for sale is a good idea, because your subscribers can view product but can only bid when they see something desirable.

Make $12,000 yearly on Silver

Silver is a chemical element with the symbol Ag (from Latin argentum ‘silver’, derived from the Proto-Indo-European h₂erǵ ‘shiny, white’) and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical conductivitythermal conductivity, and reflectivity of any metal.[6] The metal is found in the Earth’s crust in the pure, free elemental form (“native silver”), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a byproduct of copper, gold, lead, and zinc refining.

It is used for jewellery and silver tableware, where appearance is important. Silver is used to make mirrors, as it is the best reflector of visible light known, although it does tarnish with time. It is also used in dental alloys, solder and brazing alloys, electrical contacts and batteries.

Precious metals such as silver have long been an alternative to traditional investments such as stocks and bonds. When times get tough or the economy faces severe inflationary pressures, some investors turn to silver to hedge their bets or to invest more defensively. Silver prices spiked in March 2023 following the collapse of Silicon Valley Bank, as concerns were raised about the stability of the financial system.

Investors like silver for many reasons, but many see it as a store of value in uncertain times, while others see silver and other precious metals such as gold as protection against inflation. For this latter group, investing in silver is a way to be sure that they have a currency that can’t be inflated away by money printing or potentially destructive Federal Reserve policy.

There are a number of ways to invest in silver, from owning it outright to owning shares in companies that produce it. Here are five of the best ways to invest in silver.

5 popular ways to buy and sell silver

Each of the ways to invest in silver comes with its own risks and rewards.

1. Coins or bullion

Owning physical silver, either as coins or bullion, is a psychologically and emotionally satisfying way to invest in silver. You have possession of it and can use it, if necessary. And in some cases, it’s actually relatively easy to access. For example, U.S. coins made before 1964 contain about 90 percent silver, and you can purchase them at the value of their silver content.

If the price of silver rises, you can make a profit on silver coins and bullion, but that’s the only way you’ll make money here, since the physical commodity does not produce cash flow, unlike a quality business.

You can purchase silver through local dealers and pawn shops or online dealers such as APMEX or JM Bullion. More specialized dealers allow you to purchase whole bars rather than just coins.

Risks: It can be easy to overpay for physical silver, so be sure to note the spot price to ensure that you’re getting a fair price. Similarly, if you need cash in a hurry, you may not be able to get the full value for your physical silver, especially if you need to go through a dealer.

Watch out if you’re buying collectible coins, since you’ll likely pay extra for the collectibility of the coin, meaning that you’re overpaying for the actual silver content. Finally, like all physical assets, silver is subject to theft, so you’ll have to safeguard it and maybe even insure it.

2. Silver futures

Silver futures are an easy way to wager on the rising or falling price of silver without any of the hassles of owning physical silver. You could even take physical delivery of the silver, though that’s not the typical motivation of those speculating in the futures markets.

Silver futures are an attractive way to play the silver market because of the high amount of leverage available in futures contracts. In other words, you have to put up relatively little capital to own a relatively large position in the metal. If silver futures move in the right direction, you’ll make a lot of money very quickly, though you can lose it just as quickly if you’re wrong.

Risks: The leverage in future contracts works both ways, meaning it magnifies your gains and your losses. If the market moves against you, you’ll have to put up more money to hold the position. And if you can’t, the broker will close out the position and you’ll be stuck with a loss.

Futures are risky, and they’re more suitable for sophisticated traders. You’ll usually need a large account balance to get started, too. Finally, only some online brokers offer futures trading.

3. ETFs that own silver

If you don’t want to own physical silver directly but also want a lower-risk method than futures, you can buy an exchange-traded fund (ETF) that owns physical silver. You’ll have the potential reward for owning silver if the price rises, but fewer risks such as theft. An ETF that owns physical silver will deliver the return of silver prices minus the ETF’s expense ratio.

ETFs offer another advantage, too. You’ll be able to sell your silver at the market price, and the funds are highly liquid. So you’ll be able to sell your funds at what’s likely the best price, and you can do so on any day the stock market is open.

The two main ETFs owning physical silver are iShares Silver Trust (SLV) and Aberdeen Standard Physical Silver Shares ETF (SIVR). Traders can also wager on the silver market via an ETF that owns futures contracts through ProShares Ultra Silver (AGQ), though it’s better as a short-term bet than a long-term hold, because of how the fund is structured.

Risks: Like gold and other commodities, silver can be volatile, especially over short periods. But with an ETF you’ll be able to dodge some of the bigger risks of owning physical silver yourself, namely the risk of theft, the illiquidity and the poor pricing when it’s time to trade.

4. Silver mining stocks

You can also take advantage of a rising silver market by owning the stocks of companies that mine the metal.

By owning a miner you can benefit in two ways. First, if the price of silver rises, the company’s earnings should rise along with it. In fact, silver miners’ profits will rise faster than the price of silver, all else equal. Second, the miner can raise production over time, also increasing its profits. That’s an extra way to win with silver, over and above just betting on the price itself.

Risks: Any time you invest in an individual company, it’s important to do extensive analysis on it, to be sure that you’re buying a high-quality company that can succeed. Many miners are risky outfits, and some have yet to dig a hole in the ground, let alone mine silver from it. Plus, because their profits depend on the volatile price of silver, mining stocks can be volatile, too.

5. ETFs that own silver miners

If you’re not looking to do a lot of analysis on silver miners but still want the advantages of owning a mining company, you can turn to an ETF that owns silver miners. You’ll get diversified exposure to miners and lower risk than owning one or two individual mining stocks.

Three ETFs are classified as silver miners, according to ETF Database: Global X Silver Miners ETF (SIL), iShares MSCI Global Silver Miners ETF (SLVP) and ETFMG Prime Junior Silver Miners ETF (SILJ).

Risks: A sector ETF reduces the costs of any single miner doing poorly, but anything that hits the whole industry, such as a falling price of silver, will likely ding the fund significantly. And pay close attention to what’s in those funds, since they’re not all created equal. Some may offer more exposure to higher-quality companies, while others focus more on riskier junior miners.

How To Make Money on Oil Extraction (make $10,000 on Oil Extraction)

 

Oil is produced (extracted) using different methods depending on geology and location. After recovering the oil, it is sent to refineries to create refined products we use every day, such as gasoline.

The first efforts to tap the oil sands resource began in the mid 20th century using hot water to separate bitumen from sand. Since then the process has evolved into the sophisticated methods we use to extract oil today.

WHAT IS OIL?

Oil is a black, brownish or amber liquid. A complex mix of hydrocarbons including carbon, hydrogen, sulphur, nitrogen, oxygen and metals, oil formed millions of years ago from animal and plant remains deposited in sand and silt, and pressurized by layers of sedimentary rock.

Oil is classified as light, medium, heavy or extra heavy. Light and medium oil can flow naturally to the earth’s surface and is generally extracted from the ground using vertical drilling and pumping – this includes Canada’s offshore oil. Some light oil is trapped in “tight” (non-porous) rock formations, usually shale. This “light tight oil” can be recovered using horizontal drilling and hydraulic fracturing. Heavy oil has a thick consistency that does not flow easily, often requiring advanced technology to extract.

The Canadian regions with tight oil reservoirs include the Bakken, which is found primarily in Saskatchewan; several fields in Alberta including Cardium and Viking; and the Montney and Duvernay in Alberta and B.C.

How is Oil Extracted?

Oil is recovered (extracted) using different methods, mostly depending on geology.

CONVENTIONAL OIL

Conventional oil is extracted from underground reservoirs using traditional drilling and pumping methods. Conventional oil is a liquid at atmospheric temperature and pressure, so it can flow through a wellbore and a pipeline – unlike bitumen (oil sands oil) which is too thick to flow without being heated or diluted. It’s easier and less expensive to recover conventional oil and it requires less processing after extraction. Conventional oil development is both land-based and offshore.

UNCONVENTIONAL OIL

Unconventional oil cannot be recovered using conventional drilling and pumping methods. Advanced extraction techniques, such as oil sands mining and in situ development, are used to recover heavier oil that does not flow on its own. Oil found in geological formations that make it more difficult to extract, such as light tight oil (LTO), is also called unconventional oil because non-traditional techniques are needed to extract the oil from the underground reservoir. Light tight oil is found throughout much of the Western Canadian Sedimentary Basin (WCSB), plus in Central and Eastern Canada. LTO is found deep below the earth’s surface, primarily within low-permeability rock formations including shale, sandstone and mudstone reservoirs. This kind of oil extraction uses horizontal drilling and hydraulic fracturing.

Surface Mining

Oil recovery in the oil sands uses two main methods: mining or in situ, depending on how deep the oil sands deposits are.

Surface mining is used when oil sands deposits lie within 70 meters (200 feet) of the earth’s surface. Twenty per cent of oil sands reserves are close enough to the surface to be mined. Large shovels scoop oil sand into haul trucks that transport it to crushers where large clumps are broken down. The oil sand is then mixed with hot water and pumped by pipeline to a plant called an upgrader, where the bitumen (oil) is separated from the other components such as sand, clay and water.

Facts About The Mining Company Business In Nigeria that will give make you $38,000 yearly

  1. Mining contributes significantly to the Nigerian economy, accounting for 0.3% of GDP in 2019.
  2. Nigeria has rich mineral resources, including tin, coal, and gold.
  3. The mining sector in Nigeria has been largely dominated by small-scale artisanal miners.
  4. The mining sector in Africa is projected to grow at a rate of 5.7% from 2020 to 2029.
  5. The African continent is home to a variety of mineral resources, including diamonds, gold, copper, and iron ore.
  6. In 2020, Nigeria was ranked 28th in the world for mineral production, with a total value of $1.5 billion.
  7. Mining companies in Nigeria face a number of challenges, including inadequate infrastructure and lack of government support.
  8. Mining companies in Africa have also faced challenges related to political instability and corruption.
  9. The use of new technologies such as AI and automation is expected to increase in the mining industry in Africa.
  10. The mining industry in Africa has the potential to create jobs and boost economic growth in the region.
  11. Mining companies in Africa are increasingly adopting sustainable and responsible mining practices.
  12. The African mining industry has seen an increase in investment from China in recent years.
  13. The African mining industry is also seeing increased investment from Canadian and Australian mining companies.
  14. Nigeria is home to several international mining companies, including Anglo American and BHP Billiton.
  15. The Nigerian government has launched several initiatives to attract foreign investment in the mining sector, including tax incentives and the establishment of a mining investment fund.
  16. The mining sector in Africa has been impacted by the COVID-19 pandemic, with a decrease in demand for minerals and disruptions to supply chains.
  17. The African Union has established the African Mining Vision, a roadmap for sustainable and equitable mining development in the region.
  18. The African Development Bank has launched a program to support the development of the mining industry in Africa.
  19. The African Mining Partnership, established in 2003, aims to promote sustainable mining practices and foster cooperation between African countries.
  20. The African Minerals Development Centre provides technical support and capacity building to African countries to promote sustainable and responsible mining practices.
  21. Nigeria is home to the National Iron Ore Mining Company, which is responsible for the exploration, mining, and processing of iron ore deposits in the country.
  22. The Nigerian Mining Cadastre Office is responsible for the administration and management of mineral titles in the country.
  23. The Nigerian government is currently undertaking reforms to streamline the mining sector and attract foreign investment.
  24. The African mining industry has seen an increase in mergers and acquisitions in recent years.
  25. The mining industry in Africa has the potential to contribute significantly to sustainable development in the region.

See Also: How To Start Exporting Lead Ore Minerals & Concentrates From Nigeria To International Buyers

Types Of Mining Company Businesses In Nigeria and Africa

  1. Artisanal and Small-scale Mining (ASM): ASM refers to the use of rudimentary and often manual techniques to extract minerals. This type of mining is common in rural areas and involves low levels of investment, technology, and environmental and social standards.
  2. Industrial Mining: Industrial mining involves large-scale, mechanized operations that utilize advanced technologies and equipment to extract minerals. This type of mining is capital-intensive and requires significant investment in infrastructure, logistics, and human resources.
  3. Quarry Mining: Quarry mining refers to the extraction of building materials such as stone, gravel, and sand from open-pit mines or quarries. This type of mining is commonly used in the construction industry for building projects.
  4. Coal Mining: Coal mining is the extraction of coal from underground mines or open-pit mines. Nigeria has large coal reserves, and coal mining was a major industry in the past, but has declined over time due to the discovery of oil.
  5. Gold Mining: Gold mining is the process of extracting gold from the ground. This type of mining is common in many countries, including Nigeria and Africa.
  6. Tin Mining: Tin mining involves the extraction of tin ore from the ground. Nigeria was once a major exporter of tin, but the industry has declined due to a combination of factors, including low prices and competition from other countries.
  7. Iron Ore Mining: Iron ore mining involves the extraction of iron ore from the ground. Nigeria has large iron ore reserves, but the industry is largely underdeveloped due to poor infrastructure and lack of investment.
  8. Diamond Mining: Diamond mining involves the extraction of diamonds from the ground. While Nigeria has some diamond deposits, the industry is relatively small compared to other countries in Africa.
  9. Lead and Zinc Mining: Lead and zinc mining involves the extraction of lead and zinc ore from the ground. Nigeria has significant lead and zinc deposits, but the industry is largely underdeveloped due to a combination of factors, including low prices and competition from other countries.
  10. Uranium Mining: Uranium mining involves the extraction of uranium ore from the ground. Nigeria has some uranium deposits, but the industry is largely undeveloped.
  11. Gemstone Mining: Gemstone mining involves the extraction of precious and semi-precious stones from the ground. Nigeria has significant gemstone deposits, including sapphires, rubies, and emeralds.
  12. Salt Mining: Salt mining involves the extraction of salt from underground mines or salt pans. Nigeria has significant salt reserves and the industry is a major employer in certain areas.
  13. Barite Mining: Barite mining involves the extraction of barite ore from the ground. Nigeria has significant barite deposits, and the industry has potential for growth due to increasing demand from the oil and gas industry.
  14. Wolframite Mining: Wolframite mining involves the extraction of wolframite ore from the ground. Wolframite is used in the production of tungsten, which is used in the manufacture of high-speed steel and other alloys.
  15. Columbite Mining: Columbite mining involves the extraction of columbite ore from the ground. Columbite is used in the production of niobium, which is used in the manufacture of steel alloys, superconducting materials, and other high-tech applications.

See Also: How To Start The Lucrative Export Of Lithium Ore From Nigeria To International Buyers: Lepidolite, Lepidolite, Amblygonite, & Spodumene

Types Of Solid Minerals & Metals In Nigeria and Africa

  1. Gold: Nigeria is home to several gold deposits, including Segilola, Kogi Mines, and Dangote Gold. Gold mining is a viable business opportunity in Nigeria and Africa.
  2. Coal: Nigeria is rich in coal deposits, and it is an important resource for power generation in the country.
  3. Iron Ore: Nigeria has one of the largest iron ore deposits in Africa and is home to Ajaokuta Steel Company, which was constructed to process the iron ore deposits.
  4. Lead and Zinc: Lead and Zinc are important minerals used for industrial purposes such as batteries, paints, and rubber production.
  5. Tin: Nigeria is one of the largest producers of tin in Africa, and it is mainly found in Jos, Plateau State.
  6. Columbite: Nigeria has the largest reserve of columbite in the world, and it is used for the production of niobium, which is an important component in steel production.
  7. Wolframite: Wolframite is used in the production of tungsten, which is used for the production of filaments in light bulbs, and Nigeria has large deposits of the mineral.
  8. Limestone: Nigeria has large deposits of limestone, and it is used for the production of cement, which is a vital component in the construction industry.
  9. Bauxite: Bauxite is used for the production of aluminum, and Nigeria has a large reserve of the mineral in Ekiti State.
  10. Gypsum: Gypsum is used for the production of plaster of Paris, which is used for building construction, and Nigeria has large deposits of the mineral.
  11. Kaolin: Kaolin is used for the production of ceramics and other industrial products, and Nigeria has large deposits of the mineral in several states.
  12. Tantalite: Tantalite is used for the production of tantalum, which is used in electronic equipment such as mobile phones and computers.
  13. Barite: Barite is used in the oil and gas industry for the drilling of wells, and Nigeria has large deposits of the mineral.
  14. Gemstones: Nigeria is home to several gemstones, including sapphire, aquamarine, topaz, and emerald.
  15. Feldspar: Feldspar is used in the production of ceramics, glass, and other industrial products, and Nigeria has large deposits of the mineral.
  16. Clay: Clay is used for the production of bricks, ceramics, and other industrial products, and Nigeria has large deposits of the mineral in several states.
  17. Bitumen: Bitumen is used for road construction and the production of roofing materials, and Nigeria has large deposits of the mineral.
  18. Talc: Talc is used in the production of cosmetics, paint, and other industrial products, and Nigeria has large deposits of the mineral.
  19. Dolomite: Dolomite is used in the production of refractory bricks and other industrial products, and Nigeria has large deposits of the mineral.
  20. Rutile: Rutile is used in the production of titanium dioxide, which is used for the production of paint, plastics, and other industrial products.
  21. Garnet: Garnet is used in the production of abrasives, and Nigeria has large deposits of the mineral.
  22. Mica: Mica is used in the production of electrical equipment, insulation materials, and other industrial products, and Nigeria has large deposits of the mineral.
  23. Nickel: Nickel is used for the production of stainless steel, and Nigeria has large deposits of the mineral.
  24. Lithium: Lithium is used for the production of rechargeable batteries and other electronic devices, and Nigeria has potential deposits of the mineral.
  25. Phosphate: Phosphate is used in the production of fertilizers, and Nigeria has potential deposits of the mineral.

And much more.

See Also: How To Start A Lucrative Event & Party Equipment Rental Business In Nigeria and Africa: The Complete Guide

How to Make Money by Selling Rocks (make $12,000 yearly)

Rockhounding is indeed a fantastic use of time and a quite addicting hobby, but you’re here to see if it also can be a source of income. I’m here to tell you that there are people who rockhound for a living, and many more people with careers dealing with rocks, minerals, and crystals, but it isn’t easy so I want to show you some of the opportunities and challenges that characterize this endeavor.

First, identify the route you will use to sell your finds. This can be your own rock shop, home setup, other local rock shops, online as raw finds, mineral, and rock shows, or through shops as homemade pieces. Then, make sure this route is reliable by networking. Then, and only then, research thoroughly and construct efficient searches.

Every step of the process depends on how you are looking to sell your findings. This article is here to help you customize your process depending on your circumstances for finding and selling.

Can you Make Money Selling Rocks?

You can make money and even a career out of selling rocks, but, like many other instances of hobbies-turned-careers, it is not easy and requires some perseverance, a whole lot of know-how, a few secrets, and more than a little luck.

It is my goal to get you started on the know-how track with this article and dive a little deeper into some specific aspects which will be the most crucial to you if you are just starting out.

Before reading the rest of the article, it’s important to decide what kind of money you want to be making by selling rocks. There are three options for you:

  1. Full-time job
  2. Side hustle
  3. A hobby which gives you some spending money

This article will get you started on all three, but it is important to decide now because, as with anything, making money a focus of your endeavors will bring up things like business plans and market research (which may or may not be what you are looking for, but definitely will restrict you in terms of how you find and deal with your rocks and minerals).

This section will explain the basic routes you can take specific to the start of the rockhounding process (finding, identifying, and dealing with raw material). If you are instead interested in polishing, faceting, or creating jewelry with minerals, see the next section.

Full-time Job Opportunities

No doubt you have seen rock shops around your town or other places you have gone. These are businesses like any other which will sometimes have owners and other employees working full time. Such positions usually involve:

  • buying entire collections,
  • browsing auctions,
  • buying from part-time rockhounds,
  • or shopping wholesale online.

Side Hustles and Hobbies

Because most of you probably do not want to start a rock and mineral tycoon in the business world, I will focus on passive income opportunities.

You may just like finding, identifying, or otherwise with rocks and you want a place for them to go, whether because you do not want them to just sit around your flat or because you’d like someone to benefit from them as much as you have while working with them.

Can you Make Money Gem Hunting?

Gem hunting is similar to hunting rocks in that you will be much less efficient in finding gems than a mining operation, your competitors. Another large barrier is most promising areas are owned by private claims and cannot be dug on. However, you have an advantage: you can find gems in places with smaller deposits or which are inaccessible for mining equipment.

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