Rashid Al Shari O-Farming Review: Become an Oil Broker?

O-Farming Pros and Cons

Pros

• Quick response from the support team
• Gives you the opportunity to network and build your relationships

Cons

• Rashid is not involved in the program as you are mentored by other coaches
• Lack of information about the creator or the company
• Few success stories

Price: O-Farming costs $67 for the basic membership. Upsells go from $299 up to $9,999.

Refund Policy: O-Farming has a 30-day money-back guarantee.

Origin: Buildofarm was founded in 2022.

What Is an Oil Broker?

An oil broker is a middleman who connects oil sellers (producers or refineries) with buyers (countries, companies, or trading houses). It is a type of commodity broker that specializes in crude oil and refined petroleum products. Rashid says that the job of an oil broker includes:

• Finding sellers: These are usually energy companies, oil producers, or refineries that have excess supply.
• Finding buyers: These are countries or companies with high oil demand but low domestic supply.
• Negotiating deals: Helping both parties agree on volume, price, delivery, and legal terms.
• Closing the deal: The broker makes sure the deal closes smoothly once the terms are agreed.

An oil broker gets paid when the contracts are signed. They earn either a commission or a flat fee. A broker working can earn as much as a $35K engagement fee for 1 deal or an average of 1% commission from the total deal price. For example, a broker that takes ‌1% commission out of a $50 million deal makes $500K.

David’s Experience With O-Farming

David landed a 10,000 metric ton EN 590 deal valued at $5 million 2 months after joining O-Farming. He has built several international connections through LinkedIn and WhatsApp and secured 5 active offers from refineries in India, Qatar, Mexico, and the Middle East. David says that the Buildofarm team helped him overcome the steep learning curve of becoming an oil broker. He likes that the team gives quick answers to his questions via email. David acknowledges that the most important part of the program was the global networking opportunities that O-Farming offers. He says that his preference for a relationship-focused career led him to pursue oil brokering.

What Do You Get With O-Farming?

• The O-Farming step-by-step training program
• Deal scripts for persuading prospects
• Access to the O-Farming team, who will help you close deals
• Access to all needed documents, such as contracts and legal paperwork
• 24/7 customer support

What Is a Day in the Life Like for an Oil Broker?

A day in the life of an oil broker is a high-stakes juggling act of communication, analysis, and negotiation. Unlike traders, brokers don’t own the oil. Instead, they facilitate the deal and earn a commission. The job is less about financial risk and more about managing client relationships and navigating the volatile market. An oil broker spends their day:

• Checking overnight price movements.
• Checking global news that affects the oil market, such as geopolitical tensions and refinery outages.
• Expanding their network of clients, such as refineries, airlines, and corporations.
• Providing insider information to their clients, such as market trends, pricing, and opportunities.
• Matching buyers and sellers and facilitating the communication between both parties.
• Negotiating the deals on behalf of their clients, such as with price, volume, and terms of delivery for the oil.
• Assisting in the preparation of contracts and other necessary documentation to complete transactions.
• Making sure that agreed deals are executed accurately according to the terms.

Matching buyers and sellers is more challenging than you think. For example, a seller has a specific grade and quantity of oil. The broker needs to find a buyer who is looking for just that. They also need to skillfully negotiate the price, delivery terms, and other contractual details to satisfy both parties.

A significant challenge is the inherent volatility of the oil market. Prices can swing dramatically based on news, making it difficult to close deals. Fierce competition also requires brokers to build and maintain strong trust-based relationships. The work often involves long hours to accommodate different time zones and the 24/7 nature of the market.

Who Is Rashid Al Shari?

Rashid Al Shari is a commodity trader and entrepreneur from Dubai, UAE. He is the speaker on the O-Farming videos and claims to be an oil millionaire. Publications like AccessWire and Medium describe him as an established broker in the UAE and the founder of O-Farming. Rashid says that he made $20,000 from his first deal. He grew this to $4 million in 1.5 years and eventually over $46 million.

However, nothing else is known about Rashid. He appears to have an Instagram account but with only 2 posts and none showing his face. One post shows a McLaren 765LT Spider worth over $900K. This could confirm that he has the money he claims he earned from brokering oil. However, this could also mean he is a fictitious character made to sell the O-Farming program.

What Is Buildofarm?

Buildofarm is the company that operates the O-Farming program. There is very little information about the company online. The only other figure identified is the Vice President Jesse Regan from Denver, Colorado. Buildofarm is registered under the parent company North Digital LLC, which is registered in Delaware. It is unclear who owns the company or whether it handles any other businesses.

What Are Rashid Al Shari’s Claims About Oil Brokering?

• You can become an oil broker with no prior experience
• Platform has trained 10,000+ students
• 75% success rate in helping students get results
• Daily time commitment as little as 30 minutes

What Are the Realities of Becoming an Oil Broker?

• While you can become an oil broker with no prior experience, you are unlikely to find any immediate success. Becoming an oil broker requires industry knowledge. This includes global oil markets (supply/demand, pricing, OPEC, geopolitical events), crude oil types and specifications (such as Brent and WTI), logistics, and contract structuring. Most successful brokers start in junior roles at commodity firms for at least 1 to 2 years to get exposure to the industry.
• O-Farming’s lack of online presence might be a sign that the claims of over 10,000 students might not be genuine. The lack of transparency about the company and the people behind it does not help build trust with their audience.
• O-Farming claims in its Forbes feature article that it has a success rate of 75%. The lack of student success stories does not mirror this. There are only 3 recorded success stories, and if O-Farming has 10,000 students, it does not translate to a 75% success rate.
• Professional oil brokers say they spend 40 to 55 hours a week ‌finding and brokering deals. Rashid’s claim of spending as little as 30 minutes is very unrealistic. The most time-consuming part of oil brokering is outreach, which often takes entire weeks. Brokering deals also involves a lot of back and forth, which takes hours or days.

Because of improvements in tools and AI, brokers who only match buyers and sellers lose value. The only value a broker offers is their insights, which require extensive knowledge and experience. Brokers need to keep real-time awareness of market flows like who’s buying, who’s selling, shipping routes, and prices. They also have to keep updated on world events that affect oil trade. You also need to be aware of regulations in the countries you operate in , work in different time zones, and consult or hire a lawyer for your paperwork.

On a commodity trading Reddit thread, several oil brokers discussed some of the biggest issues of brokering oil. They complained about the increasing number of fake buyers and sellers. This happens when other brokers lure newbies to a deal by posing as direct sellers or buyers. The promise of a deal motivates the beginner to do all the work.. One user described it as “brokers brokering brokers.” It leads to no deals and wasted time or no commission for the newcomers.

Top 5 Middleman Online Businesses

1. Local lead generation: Create and rank niche websites using local SEO to attract organic traffic for local services. The site captures leads that you can sell to local businesses such as plumbers, roofers, or law firms. You can rent out the entire site for $500 to $3,000 a month.
2. Amazon FBA wholesaling: Buy products in bulk from suppliers for a discount and sell them on Amazon FBA. Amazon handles the storage, fulfillment, and customer service. You can make an average of $2,500 a month in profit connecting suppliers with customers.
3. Shopify dropshipping: List third-party products on your own Shopify store and profit from the price markup. When someone places an order, the supplier ships it directly to the customer. You can earn $500 to $2,500 a month without ever handling inventory yourself.
4. Affiliate marketing: Promote products or services through your blog, YouTube channel, emails, or social media accounts. You can promote offers related to your brand or business and get a commission for every sale. You can earn $300 to $3,000 a month by connecting customers with businesses.
5. Craigslist middleman: Post high-ticket service offers like web design or SEO on Craigslist. When someone hires you, you outsource the work to a freelancer and keep the difference. You can earn $1,000 to $4,000 a month connecting customers with freelancers.

These are my top 5 middleman online businesses based on potential earnings. Each comes with its own advantages and risks. The best one for you should be based on your skills, goals, and current situation.

Why Local Lead Generation Is My Number 1 Middleman Business

Local lead generation is my number 1 middleman business because of its potential to create scalable passive income. Your income with brokering oil deals fluctuates depending on market conditions, client activity, or regulatory issues. It is not uncommon for brokers to have months with no closed deals, especially during these volatile situations in the world today. Local lead generation provides long-term stable and predictable income. As long as your site is ranked and rented, you earn every month hands-free.

Many brokers are competing for the same clients and deals. With local lead generation, you only have to outrank a handful of sites on the local search results. There are hundreds of niches and thousands of local areas, so you just have to pick one that is not highly competitive. As an oil broker, you are limited by your own time. To scale, you have to outsource the work of looking for buyers and sellers. This adds costs and risks. To scale a local lead generation business, you just have to repeat the rank-and-rent process. This is how I was able to scale to dozens of sites that earn me over $52K a month.

If that sounds interesting to you, check out my local lead generation coaching program. You will learn how to rank websites and rent them out to local businesses for recurring monthly revenue. You don’t even need to find businesses to rent your sites as I’ve built many connections throughout the years. You can get access to these high-ticket clients and generate leads for them for a commission. For example, 1 of my clients works on $50K to $1 million roofing jobs. If you give them leads that close, you get commission for these high-paying jobs.