All of us buy our needs from stores. We get food, raw ingredients, household items, clothing, and other items from a variety of stores. Sometimes, we even get our goods from weekend markets, directly from the sellers. This is where we can even talk to the sellers and maybe even haggle a bit. It might be an old term, but these sellers may be called merchants.
Merchants, in the most basic sense, sell goods. They offer us what we need in exchange for money. This is how they earn a living. While it may sound very straightforward, there are a lot of things that merchants need to consider. They need to account for the cost of raw materials. They also need to scope their competitors' pricing. They also need to ensure that their products are appealing.
This is a very interesting career, especially if you have an entrepreneurial mindset. Just make sure that you are also passionate about this because you need to be in it for the long run.
There is more than meets the eye when it comes to being a merchant. For example, did you know that they make an average of $36.99 an hour? That's $76,941 a year!
Between 2018 and 2028, the career is expected to grow -2% and produce -105,200 job opportunities across the U.S.
There are certain skills that many merchants have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed persistence, selling skills and math skills.
When it comes to the most important skills required to be a merchant, we found that a lot of resumes listed 11.9% of merchants included communication, while 6.1% of resumes included product development, and 5.5% of resumes included customer service. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the merchant job title. But what industry to start with? Most merchants actually find jobs in the retail and finance industries.
If you're interested in becoming a merchant, one of the first things to consider is how much education you need. We've determined that 56.8% of merchants have a bachelor's degree. In terms of higher education levels, we found that 4.7% of merchants have master's degrees. Even though most merchants have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a merchant. When we researched the most common majors for a merchant, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on merchant resumes include high school diploma degrees or master's degree degrees.
You may find that experience in other jobs will help you become a merchant. In fact, many merchant jobs require experience in a role such as customer service representative. Meanwhile, many merchants also have previous career experience in roles such as cashier or sales associate.