Can you make a living flipping watches?

Making money flipping watches is easy which is why I have over 3,000 students inside my Watch Conspiracy platform, including some of my best students making close to $15,000 per month in profit. There is a big misconception out there that watches depreciate and all luxuries are liabilities.

What does flipping a watch mean?

I think the title of the article should be “intro to selling watches”, given the context of the discussion. The word “flipping” means to buy an asset and then sell it within a short time for a profit. Look it up. If you buy an asset and then sell at any time for a profit or loss, it’s just called selling.

Can you make money repairing watches?

A watch repair shop makes most of its money by repairing wristwatches. It can also make money by repairing pocket watches and clocks, however. A serious watch repair shop owner can make money by selling individual parts. They can even become a trusted watch parts provider.

How much does a watch trader make?

A Luxury Watch Sales in your area makes on average $53,591 per year, or $1,240 (2\%) more than the national average annual salary of $52,351.

Can you get blacklisted from Rolex?

Rolex’s Authorized Dealers (AD’s) hate flippers – people who buy a Rolex to sell it elsewhere at a profit (unless it’s them). If the corporate mothership finds out – and Switzerland’s operatives peruse re-sellers – the customer can be blacklisted and the AD reprimanded.

How much money can you make flipping watches?

Making money flipping watches is easy which is why I have over 3,000 students inside my Watch Conspiracy platform, including some of my best students making close to $15,000 per month in profit. There is a big misconception out there that watches depreciate and all luxuries are liabilities.

Why should you flip losses when buying watches?

These individuals typically have much less attachment to the money and are more interested to buy their next watch. Since their lack of funds is usually requiring them to sell one to buy another, their willingness to sell cheaper increases significantly and opens an opportunity for you, the buyer, to flip their loss.

How to buy and sell luxury watches for profit?

How To Buy And Sell Luxury Watches For Profit 1 Build capital. Once you have money, it’s easier to make more money. 2 Build connections. Now that you have capital, you now need to build connections with a jeweler. 3 Focus your buying with one person. 4 Save on taxes. 5 Make sure you don’t go overboard.

How do you negotiate price on a watch?

To calculate, simply take the retail price of the watch and take 30\% of that, then try to negotiate buying watches as close to that as possible. The following brands hold true to that 30\% rule: Patek, Audemars, Hublot, Panerai, Ulysse, Jaeger, and Rolex.