How to Buy a Luxury Watch for Free | Buying Guide

So how do you flip luxury watches for free and make some income while you're at it? I'm showing you guys a system to buy preowned luxury watches, like Rolex and swiss timepieces. Wear them and enjoy them, then flip for a profit.

How to Buy a Luxury Watch for Free | Buying Guide

Basic Idea:
We are going to exploit the preowned market of luxury watches and then buy them, used them and sell it for a profit. However, you can also turn it into a business and make some money.

1. Best Brands to buy and for how much, where do you buy them, how to sell ( the key is a popular watch at a low price, that you can get a quick turn around on, that go up in price after they depreciate a bunch)
Big Deal: Watches and Timepieces
Watches: you're buying a brand name and product that cost 15-20$ to make
Timepieces: your buying quality, materials, and product that sometimes take 6-9 months just to make a single one.

Remember: the key is to start small, and build up the knowledge and then get into bigger deals

What to buy:
Audemars:
Audemars Piguet Rubberclad: from 8-12k

Rolex
For example Rolex Submariner blue or black, Rolex Date-Just: from

Omega
Example: Omega Planet Ocean

More Tips: Audemars Pigeut, IWC, Parerai, Ulysse Nardin

How To Buy:

Key: Pick a focus in watches, whether that’s 1 or 2 brands ( that way you can stay focus

Buying Power: You need a cash reserve to make sure when a deal pops up, you can buy asap.

Where to Buy:

Searching: www.Watchdealseeker.com
Example: This website gives you access to a lot of deals, in different places. Kind of like Kayak for flights where they find all the flights and compare them, so you don’t have to
How-to: Basic idea just type what you need and also set it for 28 days so you have a lot to look through: also remember to play with the way you search so you can find it

Timezone.com (community and sales Coner), Watchuseek.com, watchnet.com
Remember: the longer its been up for, it’s the best way to negotiate

Craigslist: Always meet in a public

Tip: When buying look at the account and verify to make sure you don’t get scammed.
Ratings: look for great ratings on the watch (

What Price: Usually 30-50 cents on the dollar, and less popular ones 20 cents

However: Just because a person has a great deal on a watch, it might not be a good move, because it might be a very hard watch to sell.
Example: I remember this one guy tried to sell me Mickael Kors watch that was 250 retail for 100 bucks because he needed cash. But the market for those watches is to slow, especially used ones.

Tip: Negotiation is key, being a cash buyer is very important

Look for: These are negation points
Scratches
Bands
Wear and tear
Boxes and paper
Serial Tags

How to Sell:
Craigslist: Create a great ad, with great picture and include references

eBay:

Locally:

Custome Website also: Once you get serious
Example: http://www.thegoldenswan.com/

1 Tip: start listing higher in price and then slowly come down ( always have competitive pricing)

2 Start locally, then national, and then international

3 Tip: Always use good pictures and great descriptions

4 Tip: be responsive to the people asking questions

5 tip: be transparent

6 tip accepting payment
If someone is giving you a money order, PayPal, or cashier check, wait at least 5-10 days to actually release, to make sure everything is okay.


Very Similar to dropshipping:
Copy Models: Research what's moving and selling by looking at what other people having success with and then focus on those.

Types of Seller:

Consumer:
Broker/Reseller:
Dealers/Jeweler:

1. Checklist for network
Banker: to confirm the account and help with buying
Jeweler: they have more experience and could also help you move
Local Watch broker: Know someone that knows someone to help you move the watch
Watch Repair expert: repairs are expensive but having a go-to guy could help you ( 500-1500)
Custom Strap Maker: Helps you with luxury straps without having to spend 600-700 straps

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