How to switch from Engineering to dealer

[bland]

Hi all,

I just graduated with an engineering degree and I am really interested in taking up a career as a dealer.

Has any of you guys manage to switch path from engineering to dealer?

Can I have some advice from you guys on what should I do to become a dealer?

Thank you in advance.

What kind of dealer? Or are your referring to become a broker?

Product Distribution Rights is usually given to a company who has the channels to help sell the product. Dealers are the shops / outlets that actually sell the product.

Distribution Rights is basically a contract between the product owner and the distributor where the product owner offers specific rights and discounts for return of certain guaranteed sales targets and services.

In short, to work for a dealer, I don't think there are specific requirements. You just need to be able to sell the stuff they are selling. Something this means knowing the product.

To become a dealer, you probably need to have a shop front and have the capital to take up certain amount of stocks for selling.

To become a distributor, you probably need to own a company and be able to commit to the sales targets requested by the product owner.

Originally Posted by Unregistered

What kind of dealer? Or are your referring to become a broker?

Product Distribution Rights is usually given to a company who has the channels to help sell the product. Dealers are the shops / outlets that actually sell the product.

Distribution Rights is basically a contract between the product owner and the distributor where the product owner offers specific rights and discounts for return of certain guaranteed sales targets and services.

In short, to work for a dealer, I don't think there are specific requirements. You just need to be able to sell the stuff they are selling. Something this means knowing the product.

To become a dealer, you probably need to have a shop front and have the capital to take up certain amount of stocks for selling.

To become a distributor, you probably need to own a company and be able to commit to the sales targets requested by the product owner.

I think TS meant brokerage dealers. Trader dealers.

Don't think many people are interested in traditional businesses anymore. It's all banking as finance now.

Originally Posted by Unregistered

I think TS meant brokerage dealers. Trader dealers.

Don't think many people are interested in traditional businesses anymore. It's all banking as finance now.

Sorry I meant "banking AND finance". Typo.

[bland]

Sorry for being unclear. I was referring brokerage dealer.

Originally Posted by bland

Hi all,

I just graduated with an engineering degree and I am really interested in taking up a career as a dealer.

Has any of you guys manage to switch path from engineering to dealer?

Can I have some advice from you guys on what should I do to become a dealer?

Thank you in advance.

Will you take up the dealer job if it paid you much lesser than what an engineer can earn?

Excuse me for my naiveness. Don't dealers earn more than engineer in the long run? And also from what I know not all engineers can earn a lot and most of the time engineers have a ceiling to how much they can earn after a certain point in their career.

Originally Posted by Unregistered

Excuse me for my naiveness. Don't dealers earn more than engineer in the long run? And also from what I know not all engineers can earn a lot and most of the time engineers have a ceiling to how much they can earn after a certain point in their career.

Nowadays brokers/remisers don't earn alot anymore unless they have their steady customer base since most people can just go online and do their own trades. I trade myself using those online platforms as well, never called my broker before..

Then for those doing institutional clients they mainly just take orders only..customer call and say buy 10k lots they just input in system only..generally fixed salary also dun earn big bucks..

My broker friends who just started seem to be eating grass...not much business.

[jwow2828]

Originally Posted by bland

Hi all,

I just graduated with an engineering degree and I am really interested in taking up a career as a dealer.

Has any of you guys manage to switch path from engineering to dealer?

Can I have some advice from you guys on what should I do to become a dealer?

Thank you in advance.

wait a minute, before u switch, please watch this:

"Hi I'm An Engineer" by CREATE Film Festival - YouTube


rgds

Originally Posted by Unregistered

Nowadays brokers/remisers don't earn alot anymore unless they have their steady customer base since most people can just go online and do their own trades. I trade myself using those online platforms as well, never called my broker before..

Then for those doing institutional clients they mainly just take orders only..customer call and say buy 10k lots they just input in system only..generally fixed salary also dun earn big bucks..

My broker friends who just started seem to be eating grass...not much business.

When u trade online without the broker's assistance, he/she will get a cut of your commission still.

I would say dealing is still very lucrative if one has the right connections..u just need 1 or 2 Big customers and that's enough to make more than most regular jobs.

I work in a Private Bank..and i've witnessed how just 1 single customer can make a broker rich. So to TS..aim for the sky if u wanna go this route. If not, be prepared to eat grass for the first 2 years.