7 STEPS to Start a Successful Watch Business in 2023

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Күн бұрын

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Пікірлер: 123

@gavinsverdloff4291 Жыл бұрын

You are a good video maker Phil, fluent, informative, interesting, & entertaining. Always best to buy from an AD as they have so much to offer the buyer, in 2023 I believe it will be less difficult. Thank you .

@MovieMagic-in3ji Жыл бұрын

Great video and your advice honestly applies to almost any product you can buy/sell/trade. Looking to get into watches but definitely will be applying this to my sports card business as well!!

@AuraSports07 Жыл бұрын

Any tips?

@cameronalexander7383 Жыл бұрын

Great video ! Thanks a lot!

@gmgwatches Жыл бұрын

Thanks for the shoutout Phil, we really appreciate it. Hopefully see you soon for a catch up!

@jaysilverstone7221 Жыл бұрын

Phil, this is just brilliant; inspiring and very generous - you didn't need to do this. Wishing you all the best

@MrNoBody_b Жыл бұрын

He really really didn’t need to do this.

@067supremacy6 Жыл бұрын

He really really really didn't need to do this.

@jaysilverstone7221 Жыл бұрын

@@067supremacy6 out of interest, do you flip watches - if so what would your advice be? Not trolling, genuinely interested

@ionm8rix322 Жыл бұрын

He really really really didn’t need to do this.

@HollyHemmitt Жыл бұрын

🌿🧘🏽‍♂️🎋

@JRC1588 Жыл бұрын

Love the pikachu painting and thank you I have been really thinking of creating a watch and start a business of this type and I have been really doing a lot of studying and learning thank you ..

@jadebilmes 3 ай бұрын

Great video. Question, can you sell watches to other dealers if you get a watch on consignment from another dealer? I want to start but not sure where to find buyers if I get the watches on consignment from a dealer

@jimmint5672 Жыл бұрын

For someone so young your advice is solid. Good stuff man

@TheAmbitiousPeasant Жыл бұрын

Ok, subbed!!!

@theprivatecollectors Жыл бұрын

As a part-time watch dealer, basically a Corona dealer, for a couple of years I find buying inventory rather difficult. Especially in Switzerland which is a smaller market. And of course it would take a lot of capital to have the stock I wanted. 😮

@robinnobs4760 Жыл бұрын

Ich bin auch aus der Schweiz und ein sogenannter Corona-dealer 😅 lass und doch verlinken :-) soll ich dir unter deinem ricardo mal die Handynummer da lassen? LG

@swaag_comicsmusics 5 ай бұрын

Ohh

@sonofgaming3175 Жыл бұрын

Hi Phil, question, how would your selling strategy change for less popular watch brands and also if the watches are sub 1K? Thanks

@GadgetsBoy Жыл бұрын

Good tips

@iuserytb 10 ай бұрын

Thanks bro

@arronhughes6393 Жыл бұрын

So are these tips for starting a watch business and not being able to shift your stock?

@Flandernify 5 ай бұрын

Do you have enough market in the UK alone?

@Letsdoit4products Жыл бұрын

Amazing informative video, I’m trying to get into the watch business and create my own designs alongside buy and sell from what’s currently on the market. Your right it’s ALLOT of hard work, however it’s always worth it in the end…. 😅😢 I hope

@jackrampat1226 Жыл бұрын

Me too! Want to design my own watches but don’t know where to start

@samtetteh6002 Ай бұрын

Where do you find authorised dealers?

@stuartacarter007 Жыл бұрын

Great vid 👍🏻 very informative

@GENXGENZ Жыл бұрын

great video and content 👍👍 never thought a watch business was a thing

@speedokds Жыл бұрын

Is this a serious comment?

@GENXGENZ Жыл бұрын

@@speedokds YES I've never seen anyone buy and sell watches as a business unless you are a jewellers

@loribolo 8 ай бұрын

What's the green watch in the thumbnail?

@_sam762 Жыл бұрын

how do i learn the fundamentals

@Aprojekt 2 ай бұрын

How much did you start with?

@danielharris3180 2 ай бұрын

Is that Viv's Collectables at 3:25? Literally just watched a video of his.

@Mr_Magpie_ Жыл бұрын

Literally messaged you on Instagram, then I found this. This is really helpful brother thank you. Your the most engaging I’ve seen in the watch space. Excellent content and info keep up the good work 💥

@stalkerkissmynyas Жыл бұрын

Hey Guys I got a question, do watch sellers use advertisements as a way to help sell their watches?

@ImSingZz 6 ай бұрын

where is the best place to sell?

@iwannabentley 10 ай бұрын

I'm currently coming into 10k and thinking of buying and selling. (I've got a vehicle restoration business). Would like to soft set up a flipping business for watches. So this is a great video for some basics for me. Thank you

@omertafightclub3936 7 ай бұрын

Hello kind Sir, How’s it going?

@dommcgee4230 Жыл бұрын

Hi great video. I’m looking on learning the fundamentals and so on, but what would be an okayish amount to start? Around 5-7k?

@rommaguy 11 ай бұрын

To High for beginer. 1k -2k it's good

@Qwe8901a Жыл бұрын

Don’t list an Aquanaut video saying “bargain of the century” to then not sell to the highest bidder. Then a few months later have to list the watch desperately for 5k under the bid received because the market fell off. Karma at its best

@MARlUSb Жыл бұрын

What are u talking about?

@TheeHurricane555 Жыл бұрын

Relax. Way to kick him when he’s down

@jessefrometx8080 Жыл бұрын

What are you talking about

@OdisTx Жыл бұрын

greed make ya payyy

@EricBishard 5 ай бұрын

I think he's saying that this channel did this? Dunno....

@PrettyBoyJC18 11 ай бұрын

How much do I need to invest in myself?

@zitz7991 Жыл бұрын

Bro, could u just tell me what are the average expenses of a watch dealer?

@silverlakeas Жыл бұрын

Don’t buy an Aquanaut on its bracelet…………

@marktang1983 Жыл бұрын

Sell it already

@bestprimitivelyfilmedseafi7155 Жыл бұрын

Why?

@muhammadumerkhan928 Жыл бұрын

It's Rolex submariner stupid @silverlakeas

@realalexmackenzie Жыл бұрын

So if "buy the seller" is the rule in the watch business, as opposed to going with the cheapest offering, why would you give the advice to find a cheap online accountant? A good accountant will make you far more money than you pay them in fees. Are you likely to get that level of value from some cheapo online service??

@jaysilverstone7221 Жыл бұрын

Valuable insight ty

@bene88597 Жыл бұрын

Can I do this buisness even outside the US?

@aquileshernandez9002 7 ай бұрын

Can you post the channels to learn fundamentals?

@markusvillarreal8271 Жыл бұрын

How can I start with 10k ??

@diegomalinconico9059 Жыл бұрын

Hey phil great video! But how can i "identify" myself as a watch dealer and buy at trade price when i am at a watch dealer shop?

@lbj904 Жыл бұрын

Having the same question

@smartynotwearingpants9801 Жыл бұрын

I know what everyone thinking. Rolex! How hard can it be....you'll be surprised by the number of fakes available, and the risk of getting robbed.

@Sobral_T Жыл бұрын

Hey man, just Started monetizing on my passion and hobby. Hope to become bigger and better. Your video inspired me.

@Sobral_T Жыл бұрын

Thanks

@omertafightclub3936 7 ай бұрын

Can anyone from America tell me how much I can charge for a “Consignment fee”

@gilbertorodriguez6203 Жыл бұрын

I've been thinking about buying and selling watches. I like watches, but don't know too much about them, I kinda have sentimental value towards watches not necessarily for their price or how nice they look. I am a bit cautious and think what if I cant sell the watch and just spend a thousand or more on that watch

@noahstorms6110 Жыл бұрын

start with one brand and get to know it, thats how i started also

@Lightflames85 Жыл бұрын

start with a small investment and buy items you like for yourself if it goes wrong. If you have found an item that sells just increase the numbers. Do your research on prices and your markup. I would say if you dont have a 100% markup its not a great marked to be in, the higher the better. Your mindset should be lets to a trial with this product and if it dont sell you sell it at what you bought it for.

@gilbertorodriguez6203 Жыл бұрын

@LightFlame Yeah didn't think about keeping some mainly just reselling them, but yeah getting some that I like and if I make a sale great. I can make a profit to get more watches. If it doesn't sell then at least I get to keep a good-looking watch

@Lightflames85 Жыл бұрын

@@gilbertorodriguez6203 yes limit your downside and trying something out to see if it works. also limit the investment vs profit scale. No point in having a big risk upfront for like 10% return. You may gain but there is a bigger probability that it will fail and then you need 10x gain to recover your expenses. better to bay for 1 and sell for 2-3 then you have a 300% markup. You can scale that quickly.

@jujujonbitcoinisplanbcrypt9618 Жыл бұрын

I am looking to start a watch business in next couple of years while I learn the trade on the high street. I cam buy some luxury watches like tag, tudor, omega, pan, cartier and iwc at big discounts, what models would be worth buying and holding

@MoAli-wm4of Жыл бұрын

Do you mean buying directly from authorized dealers at retail price? Or used watches? What exactly do you mean by 'big discount '? If buying submariners, Daytona's, nautilus, some royal oaks at retail, new ... You will most definitely turn a decent profit ... Certain Rolex Daytonas and specific subs are more limited in production numbers and worth holding on to as even with market correction and drop in retail prices, those meteorite or platinum Daytonas will still demand over MSRP

@jujujonbitcoinisplanbcrypt9618 Жыл бұрын

@@MoAli-wm4of a 40% discount off brand new watches on the brands listed on my previous question for example i bought a brand new tudor gmt pepsi for £1920, no rolex or patek or limited editions unfortunately.

@MoAli-wm4of Жыл бұрын

@@jujujonbitcoinisplanbcrypt9618 I'd be full steam ahead leading wit the IWC, panerai, omega and tag with 40 percent of msrp new ... If this is consistent supply and not limited thru an ad sales associate employment discount then I'd say uve got a business on your hands, certainly viable and profitable if not quite lucrative one. Why wait few years and esp if part time, not buy a handful of hottest ones available to you after researching them all and throw them on chrono24, ebay, watch funder etc ? They'll sell when priced right and limited work on your end ...

@audemarspiguet4237 Жыл бұрын

@@jujujonbitcoinisplanbcrypt9618 buy all the Tags you can and hold them for at least 5 years

@jujujonbitcoinisplanbcrypt9618 Жыл бұрын

@@audemarspiguet4237 😂😂😂 I bought tudors mainly chronographs

@gohjunkai4957 Жыл бұрын

can we buy brand new watches to resell ? or must it be used ?

@kylenick4869 9 ай бұрын

Sell what you please

@guam515 Жыл бұрын

I'm want to start a watch business. Is there any way to buy bulk thrift watches? Please see this comment

@AG-so4gl Жыл бұрын

Definition of success ?

@alphazar23 Жыл бұрын

my problem is that i donk know how to start without having 10k as start capital to buy my first watch can you make a video how to literaly start buying and re selling watches from scratch

@mohammedsantrampurwala5233 3 ай бұрын

If I start my business I would start by selling basic brands like seiko,Casio,tissot etc which don’t require as much capital you can get a tissot for sub 1000 and if you sell it right you end up with more capital so it’s like a cycle ig

@alphazar23 3 ай бұрын

@@mohammedsantrampurwala5233 yeah but i dont see many people talk about these cheaper watches and tell which ones are good for resell

@daddytubewatches Жыл бұрын

Hi, I have over 100 new watches best place to sell is eBay? I've been buying watches since 2015 25$~1000$ boxes and receipts for most of them.

@aef_explore 5 ай бұрын

Ive contacted many manufacturers and they dont manufacturer 3rd parties. The inly ones that do is china but its cheap quality. Who did you use ?

@xavier3930 Жыл бұрын

How do i sell the watch quickly? I have a watch worth £300 up and hasn't sold in 2 weeks

@s78932 8 ай бұрын

have you sold it yet? lol

@xavier3930 8 ай бұрын

@@s78932 I wish 😂

@matusrybar1731 Жыл бұрын

I was wondering why you called watches in my national slovak language cause in slovak is watch called hodinky which you can read like hodinkee, it is from the word hodina which is 1 hour in slovak so hodinky is like the pretty called word for hours

@timothyhightower2288 4 ай бұрын

It came from the Old English word woecce which meant "watchman", because town watchmen used watches to keep track of their shifts. Found this answer from wiki. As a native English speaker this is an interesting question. Thank you for bringing it up!

@Imkicelee Жыл бұрын

POV: You watched the movie Uncut Gems.

@likeris2 Жыл бұрын

can I be watch dealer without paying taxes?

@nickc2972 Жыл бұрын

People are going to report him for not paying tax

@megakuli 8 ай бұрын

Is he a storyteller?

@naughtynightlifeasia857 Жыл бұрын

This guy has a website with no VAT number. Surely he is over the Vat threshold? 😂

@dickfear3962 Жыл бұрын

Good video. Well done Dubai Dick 👏

@MalibuGlassMI 5 ай бұрын

hOW ABOUT 2024?

@michaeldemarco899 9 ай бұрын

This is a good video but your talking about becoming a grey market dealer and not an AD of any certain Brand.

@speedokds Жыл бұрын

Watches are not an investment!

@Lightflames85 Жыл бұрын

they can be if done right.

@mrhsuskfkans Жыл бұрын

Haha watch flippers literally fight for pennies. Like begging for 100 extra on top to make profit. After tax you make 9$

@The_Vanilla_Guerilla Жыл бұрын

You must deal with clowns

@mrhsuskfkans Жыл бұрын

@@The_Vanilla_Guerilla ya I deal with you, so I guess you are right

@TM99099 Жыл бұрын

These days with all inflation and recession and shortage of luxury stuffs. Be careful to show what you got. They will rob you. It happened lot of time to other youtuber Paul Thorpe.

@peterknight1320 Жыл бұрын

no Thanks i seen what happen to watch master #bristol #leighwoods

@j.j.911 9 ай бұрын

Back pack sellers in the bin already.

@aef_explore 5 ай бұрын

Free ads on social media 😂😂 dont like

@mrpandabearofficialchannel673 10 ай бұрын

So many fakes it’s scary

@bonsaipiper3773 Жыл бұрын

So because something is a certain way, even though that way is wrong is just, "how it is"? And to add on to the previous excuse, "it happens in a sorts of businesses". So you haven't learned from your, How I tricked an AD video. You double down on your poor behavior. Add this to your watch auction BS with adding a minimum and we have quite a look into the soul of a former banker.

@eli2697 Жыл бұрын

your AD can find out you sell them. They will then blacklist you. And dont say 'oh there still selling it and earning money, why do they care if you sell it?'... Because they just do. They want to sell to people who will keep the watch and cherish it

@albertodeulofeu5277 10 ай бұрын

Really? That’s a shame. And hypocritical

@miguelcarvalho2954 Жыл бұрын

Hey, love the content! Do you by any chance know a friendly community and trading discord/Facebook groups? Would really appreciate it if you tell me some. Congrats on the awesome content, keep it up :))