I am an experienced goldsmith with years of work in that profession behind me. Ive always wanted to share my experience with all the amateurs who would one day like to open a cash for gold business and to Sell gold to earn the living. Let me start with some basics - the place where you will do the business. It has to be picked carefully taking under consideration the population density of the neighborhood, the unemployment rate of local towns and the dimensions of the room. The next step is choosing a well trained staff (it is the best option to find someone who used to Sell gold in the past to be in charge of all the rest you hire). The third advice concerns the local and temporary demand for gold. You have to be sure that the consumers will be keen on offering their cash for gold in long range effect. Another thing worth spending a while concentrating on is the competition nearby - the more places where they Sell gold, the less money will be possible to earn due to market saturation in this segment. The fifth tip is more connected with the attitude towards the clients and general mindset of you and your staff - be polite, straight-forward and precise in what you do! Always try to be the best at what you do.