Video Title: Want to Deal Watches in 2025? Watch This
Channel: Cal Best
Speakers: Cal Best, Riley, Dimitri, Dix
Duration: 00:10:52
Introduction
This video discusses how to buy, sell, and scale in the watch dealing business, focusing on avoiding common mistakes. The speaker interviews several experienced watch dealers to share their insights and experiences.
Key Takeaways
Starting capital: You don't need a large sum of money to start; consignment is a viable option.
Early strategies: Several dealers started with low-end Rolexes or by focusing on high-profit margins with smaller volumes. Online platforms like Facebook, eBay, and Gumtree were used as initial sales channels.
Building credibility: Reputation and trust are paramount. Clean transactions, consistent quality photos, accurate listings, and positive references are crucial for success. Building a strong name in the industry takes time and consistent effort.
Common mistakes: Avoid buying based solely on gut feeling without market research. Thoroughly check watches for authenticity and documentation (papers). Prioritize safe transactions to avoid scams.
Long-term perspective: Success in watch dealing isn't instantaneous. It requires consistent effort, relationship building, and a willingness to sometimes break even to gain experience and reputation.
