Q&A #70 How to Start a Watch Business? Should You Invest in Watches?

New Episode Out!: "Man SHOCKED to Discover Inherited Watch is Worth a FORTUNE!"
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This video marks 70 weeks of Q&A Tuesday and boy, have you guys given me a lot of questions to consider. Today's video is going to be unusual, as I won't be reading any questions of the screen; instead, I'll be answering two of the most common questions that I get.

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The first one is, "Should I invest in watches?," and the second is, "How do I start a watch business?" While I've touched on both of these in the past, today I'm going to go a lot more in depth with some step-by-step for those who are actually considering getting into the business.

There's a big difference between shopping for a watch as a dealer vs as a consumer. There are many elements that you'll need to consider. While I started off my business on Ebay, the amount of marketing that businesses like this one requires means being on multiple platforms. In addition to that, logistics and software can go through the roof and you'll need to make sure you have the sales to backup those expenses. Those are just some of the things to consider but I'll also talk about how to survive in a changing economy, things to look out for from the competition in the watch industry and more. The second part of my discussion is about investing in general and other avenues you can explore to multiply your money.

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✚ Audemars Piguet Royal Oak in Stainless Steel and Yellow Gold Two Tone A-Series
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