Over time, people have confused who a jobber is and their functions to that of a broker and other related agency, but something is noticeably clear, they are not the same and they do not have the same functions. Let us know ‘Who Is A Jobber and What Are Their Functions?’
Who Is A Jobber and What Are Their Functions?
A jobber is defined depending on their location, but in the simplest term, a jobber is a middleman or a wholesaler in any business who buys products directly from the manufacturer and sells to the retailer who deals with the consumer.
Jobbers in the United Kingdom are called stock jobbers; this is because they buy stocks and resell them to brokers making their own profits. Jobbers own shares on their own books and create market liquidities.
There are three types of brokers:
The Bulls: These types of jobbers buy products when the prices are low, odd the products till the price increases then sell them out. The negative effect of these types of jobber is that buyers predominate the sellers.
The Bears: These types of jobbers are also called the speculators; they sell products on an expectation of a decline in the price in the future.
The Stags: These types of jobbers buy products offered to the public with the belief that the products are undervalued, then wait till the product process increases before selling the products.
In the United States, Jobbers are known as market makers or petroleum marketers. A jobber is an independent business person who buys refined products like gasoline, fuel oil from a refining company and resells them to retailers with the aim of making a profit.
Jobbers are market makers who study products very well before buying them, although their reasons for studying the product is not for the sake of advertisement, rather the reasons they study the product is for their financial gain, they are all about the profits involved.
Jobbers own bulk planet and gasoline stores because when they buy in bulk from different refining companies, they store it there.
Functions of A Jobber:
A jobber purchases product directly from the manufacturing company
The major function of a jobber since time inception is for them to buy products directly from manufacturers and sell to retailers. Jobbers do not deal directly with the consumers; they deal with retailers and government industries who buy products on behalf of their clients.
Jobbers Resell Refined Products to Government Agencies and Industrial Accounts
A jobber stocks up refined products from many manufacturers and resells them. Serves as a middleman between refining companies and those who sell the fuel to the public.
Jobbers are only interested in profits not commissions
Jobbers carry out their job with the aim of making profits, they are not interested in commissions, they buy the products from the manufactures knowing they will make profits from it.
A jobber studies the Oil Market very well
They buy the product when the product prices are low and sell them to retailers when the prices or value of the products has increased. They have eyes for products value, so they mostly know when to buy and when they sell. They know the best time to buy and the best time to sell.
A jobber notifies investors about the prospects of the economy
An experienced jobber has an eye for products, so they can predict when the value of a product will drop or increase, then they notify their investors.
A jobber ensures that the price of the product they buy is the lowest as they must make deals with the retailers
Jobbers are all about the profits they can make so they make sure they look for manufacturers with the lowest price of the products.
A jobber helps manufacturers sell their goods faster
Jobbers study the markets so they know how fast they can sell products to retailers, so they indirectly push sales for the manufacturers.
A jobber is a market maker
Jobbers determine the markets, they determine when prices will increase and when they will decrease, so manufacturers need them.
Frequently Asked Question
- How To Become A Fuel Jobber?
One of the best ways to become a fuel jobber is to find a source of diesel you will transport and distribute. Make sure to own a bulk planet or gasoline store to store the refinery products.
You can also apply for a distributor’s license. To apply get the form at the Department of Revenue. Apply for a transporter license because you need a license to transport the fuel.
- Is Jobber Still in Vogue in The Oil Market?
Yes, jobber will continue to be in vogue, and it will not go into extinction anytime soon, it can only transition, back in the days, it was known as jobbers, but now people call them market makers or petroleum marketers, in as much as marketing job and fuel, are still in use, Jobber will never go into extinction. The business world is highly competitive, manufacturers want to sell their products, Industries want to get fuels and oil, which can best be gotten from jobbers. However, some people believe that Jobbers may lose their jobs due to technology.
- What Is The Average Salary of a Jobber?
People who want to become jobbers are always curious about the salary of jobbers. According to Zip Recruiters, the average annual salary pay for a jobber in the United States is $32, 106. A jobber makes $15.44 per hour, which makes it $617 per week and $2,676 in a month.
- Can You Become A Jobber Without A Degree?
A Bachelor’s degree is usually needed for this job.
Jobbers are always needed no matter how bad or good the economy is, business owners will always need jobbers to fast track the sales of their products. Even with technology, Jobber will only transition into something else, it cannot be swept away.
