The Role of Cigar Brokers
A cigar broker makes a percentage of the retailer’s sale. If a retailer buys 10 boxes of $100 cigars at wholesale price and pays $1,000, the broker gets 10% of that, which is $100. Many small businesses find a local cigar shop to buy cigars from. That shop buys from a wholesale distributor and resells for profit. Buying from a shop limits selection to their inventory.
Cigar brokers help connect callers to cigar businesses. They work with various companies and act as middlemen. With the recent boom and supply issues, major manufacturers slowed or stopped taking new accounts. So brokers help smaller brands gain traction before bringing on employees. Some brands use a mix of reps and brokers. Wholesale cigar distributors also handle warehousing and distribution, lowering costs for new brands.
Becoming a Cigar Expert
To become a cigar sommelier, national lecturers provide advice on tasting, selecting, and pairing cigars. They are among the most reputed experts.
Investment Strategies in the Cigar Market
The cigar butt approach means buying shares of seemingly struggling companies very cheaply, hoping for a slight bounce. It costs little but has risks if shares do not rise. To find a great cigar to invest in, research the niche luxury market, especially key players. Become knowledgeable to invest seriously.