When it comes to the top brands, Rolex, Patek, AP etc, the Collector / enthusiast or end user does not want to buy from a Watch Trader, they want to buy from the Dealer..AD but unfortunately you have to, as the flippers have annoyingly bought up all but most of the sought after modes!! 😡
If you're asking if you can be a part-time watch trader and make over $100K a year doing it while being a janitor or a landscaper the answer is yes. $100K a year isn't 0.001% by the way.
I long for the days when the consumer could walk into their AD and purchase what they desired. Honestly, I don’t believe that you’re stimulating the watch eco system. You’re all making a fantastic living at our expense. I do thank you for the video though. It was illuminating and very well done.
For what it's worth, we didn't invent the game, we just play it to our advantage. It's the ADs who are at fault for not selling to genuine end consumers. They know exactly what they're doing to the market.
Cal, Great video. Besides the cost of the program, how much do I need to start? I have $4,800 total. Can I start or should I save more before buying the course?
Easy, products loose the flare, hipe, today they're new tomorrow their vintage, you gotta take losses, you've enjoyed the product when it was new and now your selling low because it's old or second hand( vintage per se ). Sellers or manufacturers will raise the price according to hipe, how much a product is wanted and how much we are willing to pay.I think the world is functioning this way at the moment.
All you need to know is the dealer sells largely to big spending clients and the grey market sellers because it's steady, guaranteed sales/income. The average person who wants a high end watch usually can't buy one from a store. You aren't worth it for them.
This isn't a scam but there is a greater profit to be made selling people the idea they can become millionaires than there is in selling these watches. It's a curation business and you need a lot of work.
Jewelry stores mark up is like 1000% silly. Go to Kay jewelers look at a gold chain, then hit up a pawn shop. I guarantee you the chain is 10x more at Kay. Same concept for watches.
Interesting. Is there a license or certification one needs to do this? Also .. if this is strictly a networking /work your way around the industry thing to accomplish being a successful watch trader over time .. Wouldn't that take a long ... long while to establish a consistent cash flow from doing consistent business?
Ian Billen you don’t need a license to do this. If you end up buying and trading a lot you can get a reseller license to exempt you from sales tax. But Not required. WTA helps teach you about the industry so it doesn’t take nearly as long as most take to figure everything out on their own
@@freshprince357 it is required. No sales tax exemption means you're not collecting sales tax on sales either. Tax evasion 101. Also need a certificate to collect tax, might as well get both and do it right. One audit and you're in jail for 20 years.
Again, how are you able to get watches cheap enough to resell to somebody who's looking to get them cheaper and still sell them at a profit that makes it worth your time to keep doing this? I don't see it happening I think this is a huge scam, just sayin
he says u ccan trade a watch and make 275% profit coz people dont wantt to get ripped off i think this guy is jut trying to rip everyone off if he was makin money doin this then he wouldnt need to sell a watch course
@@carlsworldofwisewords8907 If you are trying to undercut the seller so you can buy it and resell it for more than you paid for it and the person you are selling to want to undercut your price so they can get a discount how can you explain it to me in a way that will make any kind of sense. . . Just askin
Simple and real example, Dealer trade in on a certain watch is 1500, most aggressive dealer listing is for sale at 3100 so you dont really have room to negotiate. You come in offer the seller 2000, and try to sell for 2500 (20% ROI buffer). The reason other people cant get 2500 but we can is they dont take as good of pictures or write as good of descriptions or list for sale in several locations or are transparent throughout the process. If someone wants to undercut you further it doesnt make sense because theyre approaching the dealers trade in which is far more convenient and trustworthy so not much incentive there. On the sell side they buy from you because you're selling very aggressively compared to the dealer. And in the beginning when you dont have a reputation, you could come down to 2200 to be super aggressive and that's still 10% ROI which is still much better than the stock market. Other traders would even buy at 2200 to try and sell for 2500 themselves so you can liquidate at anytime for 2-2.2k to other people in the business. Hold times for beginners are like 2-4 weeks but it's not uncommon to sell within a week if priced aggressively enough or if right time right place for a retail buyer. Apply this scenario to 5k, 10k, 20k watches and you quickly see how just a couple deals a month can make a huge impact to your income. Hopefully that clears it up. Really similar to real estate business and in it's simplest form is a scaled down version of what car dealers and watch dealers do, without the overhead and employees allowing you to get by without crazy dealer margins. In it's most complicated form you become a 1 man hedgefund and consultant that deals exclusively with watches and mitigating downside risk exposure.
Hey, If the watch trader can make 275% for sure he is crushing the party he buys from! OR he is selling to the end user at a price the watch is not worth! You cant have it both ways if a watch trader can make 275% he is ripping someone off for sure!
The only people I know who make money on watch trading either hold the watches for a LOOOOOOOONG time, or are into money laundering. Buy a $100k watch here using funds obtained from organised crime (car rebirthing, drug sales, prostitution etc) put it on your wrist, fly somewhere and sell it to recoup the money. You get a small commission (and a bullet if you don’t turn up with the watch or mess up the resale). The classic money laundering used to be casinos until they clamped down on it. You expected to lose a percentage to the house but could come away with clean money. With watch trading if you know what you are doing you don’t lose money. Most border officials wouldn’t recognise a PP, AP, Richard Milne etc. To them it’s a $50 watch. Sooner or later they will clamp down on it.
Middelmen are important to the ecosystem. They don't add to the cost the make competition viable which in turn drives better prices for you as an end user. Want an economics 101 class while you're at it?
I understand how a dealer gets his watches from the manufacturer, but how does a watch Trader get his watches cheap enough to resell at a profit worth his time to keep doing this?
@@freshprince357 Don't private sellers and dealers want to make money? How can I buy from a private seller to make it worth my while to do so. Could I take $100 and get started collecting silver coins? Junk Silver.
@@freshprince357 Do you even hear how you come off? You're calling people in the comments haters in order to get business. This is one of the reasons why virtually every comment is negative...
@@thehater6189 I don't need your business. The people who are serious about learning and leveling up to make money in alternative assets see past trolls like you who have nothing constructive to say and just want to project what you don't know. So it doesn't matter. I hope you will one day make lots of money from watch trading and let go of your ego. Until then, enjoy posting negativity out in the world and pretending you know what you're talking about. It'll prevent those sheep who wonder why they're stuck in life in the same place they remain. Because they keep listening to trolls like you with no expertise.
Hey the system you outlined has just one inconsistency, I like the model though. if we are setting ourselves apart from other sellers by cutting our profit margin; why would we look to be getting 270% profit from a good trade in? Anyways, do you have any sellers on your team yet?
I'm sorry but I personally feel after listening to these guys and about this "industry", I feel it's a good place to scream buyer be ware... It all seems a bit way to shady to me... No one trades watches... If they're a ligit company, then they'd have a stock you could buy... This seems super shady... Buyer be ware...
Ben Pearce okay buddy. Believe what you want lol. Since you’ve traded so many watches you must have some seriously valid perspective on how it works and how much money can be made 😎. Oh and that’s not including Kevin O’Leary of Shark Tank being quoted saying watches as an asset class are the best investment vehicle he’s leveraged in the past 4 years. But please... tell me more with your infinite wisdom about how shady it is and how no one does it blah blah blah blah blah
@@freshprince357 hey, it's your scam bro... Not mine, I'm intelligent and work... I don't need to scam people because I'm a worthless piece of watch trader... Watch trader... Lmfao... What a fkn joke... Who's so stupid to fall for this bs lol
@@freshprince357 I don't agree with Ben either, but man this kind of immature reply had pushed the little red flag button inside me. I know it is possible to flip watches, since it is the same basics of buy low sell higher like in every other industry (properties, cars, stocks etc.). Just because Kevin O'Leary said it was his best asset (btw I watched a few of his videos, he could get watches that an ordinary people would have to wait years for, because of his fame, which is yes, very profitable, but it is not a common thing for everyone) is not the greatest example. I think what you are trying to do is a great thing, I would love to make money from wearing luxury watches and I am thinking about enrolling in your courses, but now I am not sure if it is a good idea, considering how you treat people who are questioning your beliefs. Just a tip, but hey, it is just me.
@@rolts94 Then don't buddy lol. While thousands upon thousands of members are making money already and continuing to, it's your choice to step up to better your income level and life, or decide to sit on the bench because you can't get over me spitting truth to a poor clown who clearly needs a reality check. You may not like my language but I can't stand keyboard warriors who don't know what they're talking about and try to ruin the opportunity for others to grow. They're all the same. And I think it just goes to show you how weak the mind of these people is when no matter who relays the info (me, some third party, or one of the most successful finance gurus alive - Kevin O'Leary confirms it they still can't get over the fact that they think it's a scam.
Say uhm you want a mouth plug... you're looking for some education.... you're in the market for something all natural... you know lots of hood skin still intact and uhm size is probably going to be a little smaller than industry average. You're working with chubby cheeks, thin lips, and not a lot of mouth. We don't want it to steal the show... just looking to complement what you got.... You're epitome of classic style, We will interested in a single tone only. What do you think? Can I be your consultant for mouth plugs?
This reminds me of predatory multi level marketing gatherings of the mid 90s.
When it comes to the top brands, Rolex, Patek, AP etc, the Collector / enthusiast or end user does not want to buy from a Watch Trader, they want to buy from the Dealer..AD but unfortunately you have to, as the flippers have annoyingly bought up all but most of the sought after modes!! 😡
I know, he keeps saying how watch traders are so essential, but the only reason he’s so convinced is because he doesn’t want to be out of a job lmao
This was a very well thought out and detailed explanation on how this type of business works. Thank you for putting it out.
You're welcome Ben. Hope to see you in the academy
Is this economics class?
Can a watch trader be part time while landscaping, drywalling and hopefully climbing the the 0.001%
If you're asking if you can be a part-time watch trader and make over $100K a year doing it while being a janitor or a landscaper the answer is yes. $100K a year isn't 0.001% by the way.
@@freshprince357 is watch trading still legit
it was an excellent explanation
I long for the days when the consumer could walk into their AD and purchase what they desired. Honestly, I don’t believe that you’re stimulating the watch eco system. You’re all making a fantastic living at our expense. I do thank you for the video though. It was illuminating and very well done.
For what it's worth, we didn't invent the game, we just play it to our advantage. It's the ADs who are at fault for not selling to genuine end consumers. They know exactly what they're doing to the market.
@@WatchTradingAcademy I understand.
Is watch trading worth getting into today
Cal,
Great video.
Besides the cost of the program, how much do I need to start?
I have $4,800 total.
Can I start or should I save more before buying the course?
Easy, products loose the flare, hipe, today they're new tomorrow their vintage, you gotta take losses, you've enjoyed the product when it was new and now your selling low because it's old or second hand( vintage per se ). Sellers or manufacturers will raise the price according to hipe, how much a product is wanted and how much we are willing to pay.I think the world is functioning this way at the moment.
I like it and you really help me to know everything about business
U should make a 2022 video on this topic since dealers are a joke now
Why?
what is a watch trader ?
Yess!! Great video mann, I appreciate it.
All you need to know is the dealer sells largely to big spending clients and the grey market sellers because it's steady, guaranteed sales/income. The average person who wants a high end watch usually can't buy one from a store. You aren't worth it for them.
Brilliant presentation. Absolutely the way that it is.
This isn't a scam but there is a greater profit to be made selling people the idea they can become millionaires than there is in selling these watches. It's a curation business and you need a lot of work.
Wow someone needs to work at something to be successful at it??? Sounds like a scam. LOL. grow up dude.
@@freshprince357 You've obviously not understood what I said... perhaps this says more about the targeted clientele than anything else.
@@freshprince357 So we don't need to work at it? Then why would we buy your courses if anybody can master it without effort?
@@freshprince357 give me a code to CAL course at a crazy discont and I will post a honest review without disclosing the the info.
@@asherdevin You need to work at everything bro if you want to be successful. That's called life.
profit margins of 270% if you do it right ahahhahah
yep. exactly. Is that weird to you?
@@freshprince357 No not at all. That sounds 100% legit
Jewelry stores mark up is like 1000% silly. Go to Kay jewelers look at a gold chain, then hit up a pawn shop. I guarantee you the chain is 10x more at Kay. Same concept for watches.
@@shawnwaheed206 Exactly 'silly'. By him saying such a specific number like 270% you just know he's bullsh*ting
@@joseandrade7290 Yeah I agree that is shady though.
Interesting. Is there a license or certification one needs to do this? Also .. if this is strictly a networking /work your way around the industry thing to accomplish being a successful watch trader over time .. Wouldn't that take a long ... long while to establish a consistent cash flow from doing consistent business?
Ian Billen you don’t need a license to do this. If you end up buying and trading a lot you can get a reseller license to exempt you from sales tax. But Not required. WTA helps teach you about the industry so it doesn’t take nearly as long as most take to figure everything out on their own
no
@@freshprince357 it is required. No sales tax exemption means you're not collecting sales tax on sales either. Tax evasion 101. Also need a certificate to collect tax, might as well get both and do it right. One audit and you're in jail for 20 years.
Again, how are you able to get watches cheap enough to resell to somebody who's looking to get them cheaper and still sell them at a profit that makes it worth your time to keep doing this? I don't see it happening I think this is a huge scam, just sayin
Agree
he says u ccan trade a watch and make 275% profit coz people dont wantt to get ripped off i think this guy is jut trying to rip everyone off if he was makin money doin this then he wouldnt need to sell a watch course
You clearly don’t understand basic market forces 👀
@@carlsworldofwisewords8907 If you are trying to undercut the seller so you can buy it and resell it for more than you paid for it and the person you are selling to want to undercut your price so they can get a discount how can you explain it to me in a way that will make any kind of sense. . . Just askin
Simple and real example,
Dealer trade in on a certain watch is 1500, most aggressive dealer listing is for sale at 3100 so you dont really have room to negotiate.
You come in offer the seller 2000, and try to sell for 2500 (20% ROI buffer). The reason other people cant get 2500 but we can is they dont take as good of pictures or write as good of descriptions or list for sale in several locations or are transparent throughout the process.
If someone wants to undercut you further it doesnt make sense because theyre approaching the dealers trade in which is far more convenient and trustworthy so not much incentive there. On the sell side they buy from you because you're selling very aggressively compared to the dealer. And in the beginning when you dont have a reputation, you could come down to 2200 to be super aggressive and that's still 10% ROI which is still much better than the stock market. Other traders would even buy at 2200 to try and sell for 2500 themselves so you can liquidate at anytime for 2-2.2k to other people in the business. Hold times for beginners are like 2-4 weeks but it's not uncommon to sell within a week if priced aggressively enough or if right time right place for a retail buyer.
Apply this scenario to 5k, 10k, 20k watches and you quickly see how just a couple deals a month can make a huge impact to your income.
Hopefully that clears it up. Really similar to real estate business and in it's simplest form is a scaled down version of what car dealers and watch dealers do, without the overhead and employees allowing you to get by without crazy dealer margins. In it's most complicated form you become a 1 man hedgefund and consultant that deals exclusively with watches and mitigating downside risk exposure.
Hey, If the watch trader can make 275% for sure he is crushing the party he buys from! OR he is selling to the end user at a price the watch is not worth! You cant have it both ways if a watch trader can make 275% he is ripping someone off for sure!
Do you have a program with all this information cause I know Pejman Ghadimi program is crazy expensive
expensive is a relative term. If you make $100K a year and the information costs $500 is it expensive?
@@freshprince357 well at the time when money it tight 500 is kinda expensive
Thanks for clarification
The only people I know who make money on watch trading either hold the watches for a LOOOOOOOONG time, or are into money laundering. Buy a $100k watch here using funds obtained from organised crime (car rebirthing, drug sales, prostitution etc) put it on your wrist, fly somewhere and sell it to recoup the money. You get a small commission (and a bullet if you don’t turn up with the watch or mess up the resale).
The classic money laundering used to be casinos until they clamped down on it. You expected to lose a percentage to the house but could come away with clean money.
With watch trading if you know what you are doing you don’t lose money.
Most border officials wouldn’t recognise a PP, AP, Richard Milne etc. To them it’s a $50 watch. Sooner or later they will clamp down on it.
That's a really interesting thought, never thought about it, how much of the market is due to money laundering?
So essentially you've just created another middle man in the industry.
Middelmen are important to the ecosystem. They don't add to the cost the make competition viable which in turn drives better prices for you as an end user. Want an economics 101 class while you're at it?
Kal what is a watch trader i need help
I understand how a dealer gets his watches from the manufacturer, but how does a watch Trader get his watches cheap enough to resell at a profit worth his time to keep doing this?
they buy and negotiate hard to normal people, or buy in bulk.
buy from private sellers and build relationships with dealers. It's actually very simple
@@freshprince357 Don't private sellers and dealers want to make money? How can I buy from a private seller to make it worth my while to do so. Could I take $100 and get started collecting silver coins? Junk Silver.
buying it at close to the bottom cash value as possible and then selling it at a price higher then that
@@BIGC15 so you meaning taking advantage of someone who needs the money and then taking advantage of the one buying the watch, is that about right?
Are you not just a grey market dealer in reality?
No, I'm a trader. Grey market dealers basically buy out boutiques and sell new watches without operating under the brand name.
It’s like most collecting industries.
Hello he has a watch i want to sell it
Need more info
Amir Salaam watchconspiracy.samcart.com/referral/hM7TyMMq/5Bk3kopECA7uXKdX
Does the academy have a payment plan?
Hey raider you can message us and we can try to help you. Don't mind the hater below.
@@freshprince357 Do you even hear how you come off? You're calling people in the comments haters in order to get business. This is one of the reasons why virtually every comment is negative...
@@thehater6189 I don't need your business. The people who are serious about learning and leveling up to make money in alternative assets see past trolls like you who have nothing constructive to say and just want to project what you don't know. So it doesn't matter. I hope you will one day make lots of money from watch trading and let go of your ego. Until then, enjoy posting negativity out in the world and pretending you know what you're talking about. It'll prevent those sheep who wonder why they're stuck in life in the same place they remain. Because they keep listening to trolls like you with no expertise.
Hey the system you outlined has just one inconsistency, I like the model though. if we are setting ourselves apart from other sellers by cutting our profit margin; why would we look to be getting 270% profit from a good trade in? Anyways, do you have any sellers on your team yet?
Thousands of members already trading watches making money yea.
fuck watches ... I trade Poop !! ... nearly infinite profit margins, since the cost of acquisition is SO LOW !!!
"Beltime"
Go buy your luxury watch
Really?
I'm sorry but I personally feel after listening to these guys and about this "industry", I feel it's a good place to scream buyer be ware... It all seems a bit way to shady to me... No one trades watches... If they're a ligit company, then they'd have a stock you could buy... This seems super shady... Buyer be ware...
Ben Pearce okay buddy. Believe what you want lol. Since you’ve traded so many watches you must have some seriously valid perspective on how it works and how much money can be made 😎. Oh and that’s not including Kevin O’Leary of Shark Tank being quoted saying watches as an asset class are the best investment vehicle he’s leveraged in the past 4 years. But please... tell me more with your infinite wisdom about how shady it is and how no one does it blah blah blah blah blah
@@freshprince357 hey, it's your scam bro... Not mine, I'm intelligent and work... I don't need to scam people because I'm a worthless piece of watch trader... Watch trader... Lmfao... What a fkn joke... Who's so stupid to fall for this bs lol
Ben Pearce damn bruh who hurt you 😂
@@freshprince357 I don't agree with Ben either, but man this kind of immature reply had pushed the little red flag button inside me. I know it is possible to flip watches, since it is the same basics of buy low sell higher like in every other industry (properties, cars, stocks etc.). Just because Kevin O'Leary said it was his best asset (btw I watched a few of his videos, he could get watches that an ordinary people would have to wait years for, because of his fame, which is yes, very profitable, but it is not a common thing for everyone) is not the greatest example. I think what you are trying to do is a great thing, I would love to make money from wearing luxury watches and I am thinking about enrolling in your courses, but now I am not sure if it is a good idea, considering how you treat people who are questioning your beliefs. Just a tip, but hey, it is just me.
@@rolts94 Then don't buddy lol. While thousands upon thousands of members are making money already and continuing to, it's your choice to step up to better your income level and life, or decide to sit on the bench because you can't get over me spitting truth to a poor clown who clearly needs a reality check. You may not like my language but I can't stand keyboard warriors who don't know what they're talking about and try to ruin the opportunity for others to grow. They're all the same. And I think it just goes to show you how weak the mind of these people is when no matter who relays the info (me, some third party, or one of the most successful finance gurus alive - Kevin O'Leary confirms it they still can't get over the fact that they think it's a scam.
selling watches is very slow,there are more niche to go
Your perspective is highly limited. I move watches sometimes in less than a day.
Say uhm you want a mouth plug... you're looking for some education.... you're in the market for something all natural... you know lots of hood skin still intact and uhm size is probably going to be a little smaller than industry average. You're working with chubby cheeks, thin lips, and not a lot of mouth. We don't want it to steal the show... just looking to complement what you got.... You're epitome of classic style, We will interested in a single tone only.
What do you think? Can I be your consultant for mouth plugs?