Not everyone wants a business career that involves a corporate corner office and suit and tie. Some people prefer to become entrepreneurs working for themselves and making their own hours. A lot of individuals, who love animals, opt for careers that involve veterinary medicine. Folks that really love horses sometimes become jockeys, trainers, managers, breeders, or owners. You might have a successful career as a thoroughbred bloodstock agent if racing and breeding is what you love.
There are many areas within this industry you might specialize in. Many agents build client bases and buy and sell thoroughbreds for these owners. They receive commissions for their services. Most of the individuals who work solely on commission are independent contractors. They are their own bosses, not employees of the owners who commission them.
There is no licensing or certification requirement for agents. No particular education is required. If you are interested in a career in this field, taking courses in equine physiology and anatomy will be helpful. You might also take classes in selling and marketing. You must have an intimate knowledge of the equine industry. Many agents begin by working at breeding farms or become apprentices to trainers.
Instead of immediately jumping into the business, most apprentice with seasoned agents. The majority of professionals in the industry strongly believe that there is inherent talent associated with the most successful agents. They seem to have an eye for a promising thoroughbred. In addition, the best agents have an encyclopedic knowledge of pedigrees and a respect for the industry's code of ethics.
Agents do not just go to auctions and start bidding on behalf of their clients. Long before an animal goes on the auction block, the agent must have done a lot of serious pedigree research. Not all thoroughbreds are bought at public auction. Many change hands privately. Agents negotiate these sales as well as the public ones. Some agents specialize in the breeding aspect of the industry. They negotiate bookings of mares to prestigious stallions. Some agents are in the appraisal end of the business.
Inspecting potential equine purchases often involves extensive travel. This holds true whether you focus on the breeding aspect of the business or the racing. Even those who purchase on behalf of clients who want the horses only to resell them, travel frequently. Buying for resale is known as pinhooking.
Salaries vary widely. When you are working as an apprentice, or just starting out on your own, the salary is fairly modest, usually in the range of thirty thousand a year. If you gain a reputation as an agent with an eye for winners and good breeding stock, your salary might top a quarter million dollars a year.
It is possible to work in a field you feel passionate about and earn a good income doing it. You must plan carefully and try to apprentice with the experts in the industry. It will take training, luck, and time, but you could become one the leaders in the equine world.
There are many areas within this industry you might specialize in. Many agents build client bases and buy and sell thoroughbreds for these owners. They receive commissions for their services. Most of the individuals who work solely on commission are independent contractors. They are their own bosses, not employees of the owners who commission them.
There is no licensing or certification requirement for agents. No particular education is required. If you are interested in a career in this field, taking courses in equine physiology and anatomy will be helpful. You might also take classes in selling and marketing. You must have an intimate knowledge of the equine industry. Many agents begin by working at breeding farms or become apprentices to trainers.
Instead of immediately jumping into the business, most apprentice with seasoned agents. The majority of professionals in the industry strongly believe that there is inherent talent associated with the most successful agents. They seem to have an eye for a promising thoroughbred. In addition, the best agents have an encyclopedic knowledge of pedigrees and a respect for the industry's code of ethics.
Agents do not just go to auctions and start bidding on behalf of their clients. Long before an animal goes on the auction block, the agent must have done a lot of serious pedigree research. Not all thoroughbreds are bought at public auction. Many change hands privately. Agents negotiate these sales as well as the public ones. Some agents specialize in the breeding aspect of the industry. They negotiate bookings of mares to prestigious stallions. Some agents are in the appraisal end of the business.
Inspecting potential equine purchases often involves extensive travel. This holds true whether you focus on the breeding aspect of the business or the racing. Even those who purchase on behalf of clients who want the horses only to resell them, travel frequently. Buying for resale is known as pinhooking.
Salaries vary widely. When you are working as an apprentice, or just starting out on your own, the salary is fairly modest, usually in the range of thirty thousand a year. If you gain a reputation as an agent with an eye for winners and good breeding stock, your salary might top a quarter million dollars a year.
It is possible to work in a field you feel passionate about and earn a good income doing it. You must plan carefully and try to apprentice with the experts in the industry. It will take training, luck, and time, but you could become one the leaders in the equine world.
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