Want to be make a career of running
around with the most beautiful horses? Maybe becoming a bloodstock agent is the
job for you. You won't get too dirty and, best of all, this is one of the few
jobs with horses that can make you some real
money! If you're good at it, of
course.
What does a bloodstock agent do?
Research pedigrees, document the results of
your research and then travel to check them out. More often than not, your clients will have a
specific horse in mind, so you need to find affordable horses that meet their
particular needs. You will probably go with your clients to check
out the horse(s), or go with them to an
auction or stud farm. They'll depend on
you and your well-developed expertise.
Traditionally, bloodstock agents have
worked in the racing industry, and with thoroughbreds or standardbreds. Nowadays,
more and more breeders, owners and riders are using agents.
Where do I begin?
Education, developing an
"eye," and salesmanship. You'll need to learn about the most popular
theories of horse breeding, like The Female Line, Nicking, and Dosage. Some methods, like Dosage, use a point system that includes complicated mathematical
formulas. A degree in genetics may be a bonus, but it isn’t necessary.
There are some courses you can
take. Try contacting the registries of
the breeds you want to work with, and see if they know of farms that offer
bloodstock courses. Many equestrian
colleges offer programs or classes in equine genetics.
Next, you need to learn about the
breeding of horses in your industry of choice. Get a hold of industry magazines
and seek out auction catalogs. Familiarize
yourself with main bloodlines and the type of horse they produce, and which
crosses work best, etc. Test
yourself--pick a horse, estimate the sales price and confirm the actual price
paid!
Your clients will rely on your
being able to point out what a good horse looks like--it's called "having
a good eye." And you can only
develop that skill by looking at hundreds of horses. Start with photos, but know that you have to
get with the horses to watch how they move, their behaviors with humans and
other horses, etc. Contact your local
stable for some help. Or better still,
volunteer at the stable or a farm or a racetrack. Hone your skills and identify the best--the
one that you would recommend to a paying client. And for those of you who are lucky enough to
knowing a working bloodstock agent--tag along and offer to assist them!
You will need to be a good
salesperson, so excellent writing and communication skills are a must.
How does a bloodstock agent make money?
Most agents charge a mix of fees
and commissions, but one standard prevails--the money you make depends on how
good you are! Some take a percentage of
the price of a horse, others charge additional fees for research or attending a
sale. Bloodstock agents trying to match a breeder’s mares with the best choice
of stallion may take a commission from the sale price or winnings of an
offspring. The business of bloodstock
agent is all about getting good references that result not only in repeat business but new
clients. And how do you get those good
references? By consistently identifying
good horses at good prices.
The one thing to keep in mind is
that the business contains a huge element of chance. A horse with poor breeding can be a great
jumper; a well-bred horse can be slow as
molasses. A successful blood stock agent
combines learning with solid "horse sense"...pun intended!