HOW TO MAKE $5,000 A MONTH ONLINE SELLING LUXURY WATCHES 

you cleared up the piece of the puzzle i was missing. you are right, most people on ebay are either selling new Chinese watches, grey market Japanese watches, and the people selling luxury watches are a mixed bag. with a good amount of them coming across a watch at a sale, family passdown, ect. they do a search and find out a watch is worth 5g and think if i get 4200 i'll be happy and just want a fast sell. same reason pawn shops exist.

Never tell people you won't get rich over night, your mindset should be rich already!

I don't have expensive watches, but I do have designer purses and I think the same logic can be applied to some purses I no longer want

I had no interest in investing in watches other than my apple ultra. Now all of a sudden I’m seeing all these guys on 47 st in NY (where I’m from). Now I’m interested after watching your video.

I been an ebay seller since 07. The amount of trouble ain't worth it to me. tell us your losses per year. how many times you got scammed and how much fees you paid to how much you made. I can tell you before you speak it don't add up.

Great info I actually wanna get into selling smart watches---- not as luxurious but exact demographics and markets . Loved this

I LOVE CAPITALISM! Just found your channel....I love watches, I don’t necessarily want to flip them but wear them for a year or so then get rid of them when I’m tired of it...love fast cars to. Liked and subscribed. 👍🏻

Also PayPal will allow you to finance those purchases, so you have positive float on your cash day one if you choose to finance. Great way to churn cash if you play it right.

My question is how you make the profit when considering the Ebay fees. If you buy a watch for $2,100 and sell it for $2,600, you may have to pay $350-400 on Ebay fees for that sale. If you get lucky to make such a sale, you might make $100-150 in that scenario. Also, how do you make certain that all the parts are original parts on the inside? And what if you're 100% sure that the watch is legit, but the buyer you sell it to then claims that it's not legit and requests a refund? And what happens if you buy the watch and realize it's fake when it gets to you? You lose time and have to spend money to ship it back to get a refund.

Finally the video I been waiting on

I don't think it works easy like that. Ebay charges 10% of your listing item, and if you buy from ebay, you would also pay sales tax for it. In each watch buying and selling session, you would lose about 18% of the value, let's say you're flipping an $10,000 watch, you need to make sure you're buying under market for at most $8,000 in order to be profitable. I don't think this is sustainable

Best most informative video I’ve seen on this topic so far

I don't understand how you can make money from this. There are 25 of the same models listed on ebay or chrono24, and you would just buy the one at the lowest price. Then, in order to re-sell, you would just have to list again at the lowest price, otherwise it would just sit on the market. Plus, you gotta pay ebay huge fees and now they give you a 1099 form thanks to Biden.

This doesn't make any sense at all. Buy a watch for $2,100 + sales tax ($117 in my state) Sell watch on ebay for $2,200 and pay ebay fees roughly 16% in most categories ($352). Cost of Goods $2,217 Sale price minus fees $1,848 Net profit -$369

I really want to get a grasp of the watch market but I really struggle with it because I love my $30 Timex watch that I've had for close to 10 years. I'm going to reward myself with a Rolex Explorer II at the end of the year if I can hit $1MM net worth. It's a pretty lofty goal for me as I'm still $150-200k away from that.

Sales tax and ebay's commission is about 13% on top of total cost with taxes and shipping. So if you buy a watch for $1800, with average US sales tax it costs you $1950 approx. You relist it for $2500, sales tax, insurance and shipping adds $250 or more. So ebay takes 13% of commission on that about $350, you may spend $50 for shipping and insuring, so it is about $400 in expenses. You paid for the watch $1950+$400, it gets to $2350. SO your profit is $150. If you bought the watch for $2100, you would have lost money. If you sell a lot, you have to factor that you may get some return request, and some fees are not refunded with the return. Or buyers making false claims and returning a watch in worse condition than it was sold. Years ago ebay was not charging sales tax, so the margin was a lot better. The fact that eBay's commissions and fees are on the amount paid by the buyer, including shipping and sales tax, it really reduces the margin to a very low level. I see this video is from 2 years ago, so maybe your calculations are relevant for back then, not for 2023.

🔥 Dope video! How scalable is this? I'm curious how many deals you've found in a month and how long it takes you to sell once bought. I might use my credit cards if I can sell it within 30-60 days. It's like free money lol

Ebay fees would mean you would lose money??? I'm a ebay power seller and this makes no sense.

How does the 10% eBay seller fee affect this method when you go around to selling the watch at retail price on the website?

Thank u for preaching the good word of credit. U look like my grandpa Mr. Bishop and its easy to listen to u. I am working and also selling luxary brand desighner replica bags purses and sunglasses. Its crazy how ur energy has changed my life. Thank u sir

Great video Richard. Approx how many watches do you sell a month?

I did this with iPads (starting with a little money) and flipped enough iPads to buy a new one for myself for school 😁

Fascinating tips. Thanks.

You are a great teacher👏🏾

I think the best way to buy under-market value luxury watches would be to go to spawn shops in Las Vegas. I don't live in America, but those who do can do it.

When I saw the all black whips I knew I was in the right place

You a OG with a lot of knowledge. You been killing the online store before it was a thing

Q: What if you can't move the inventory?

I really would love to do this since I have so much free time (work 4 on and 4 off) and I have the savings to start, but I am scared to death of buying a fake, or worse two.

In dealing with eBay, how do you know the watches are authentic?

Rolex....wow, what prices !!!! I'm currently saving for my first Casio....

What it would scare me the most is the shipping part. I would have not the foggiest of ideas what type of shipping to use. If for whatever reason a customer pays for a fine watch and it turns out that the watch gets lost in the mail then what?. Time to issue a refund to the customer?. Even worst, what about a fakie one makes the cut?.

answers to my question. thank you

Hi Richard! I'm a Beginner , I haven't sold a watch yet. I recently bought an Invicta Reserve Purple with the intention to resell it . If I knew now what I wish I knew about a month ago I would have put money into a different type of watch. Do you I can still resell it for a profit?

Great vid!!!

Great video Money Man

Lot of knockoff watches out there. Especially on eBay. Gotta be careful

Just found this and you……are u still dealing in watches during this market?

new SUB Big on the law of attraction..... Dope VIDEO

I think no particular is going to sell his Rolex under retail market value to let another one make the profit

What about of all the horror Stories on eBay, opening a return and send you back a fake and keeping your watch

eBay is like a box of chocolates you never know if what you getting is real or fake. China has a market for knock offs. 12 years you never got got?

Online money da best money furreal furreal

Interesting vid and good side hustle idea but if you buy watches for $2200 and re-sell them for $2500-2600, eBay will take 10% of the selling price and PayPal will take 3%. So, 13% of $2600 = $338. Subtract $338 eBay/PayPal fees from $2600 (selling price) = $2262 which leaves a net profit of only $62, not the $300 profit you were expecting to make without ebay/PayPal fees added. Or have I got this wrong? Also, as you've noted, private watch sellers usually won't be flipping watches for a profit BUT they will surely be aware of retail prices/what their watch is worth and I would guess most if not all would be reluctant to sell it for several hundred dollars below retail? I would guess it's the same as eBayers selling their cars: they'll usually be aware of what their car is worth retail and wholesale and although you might get $100 or $200 knocked off the asking price by haggling, I would guess most sellers would not be willing to sell it for wholesale/trade price. As a trade-in with a dealer they might but selling privately on eBay they would probably expect to make close to private retail price? Can anyone advise if I've got this wrong as I'd like to try this but the eBay/PayPal fees would seem to cancel out most of the profit?

would it also work if i bought luxury watches in local shops in my city and then sold them on platforms like ebay and amazon?

Do U truly believe it’s a 99% / 1% split about the eBay buyer / seller part?

What are you looking for to make sure you're not buying a fake or scam watch?

As much as I like watches, I'm interested in this. Appreciate the info. Would you say it's a good idea to only buy a watch with cash only or is a credit card a good idea to?

How long does it take for you to sell the watches

Yes, I would love ❤️ to but eBay not good. I’ve had 2 incidents on eBay with luxury watches. eBay customers always right. But willing to get your take

Definitely going to hit you up

thing is, I cant even get a sub at retail. how do i make money then??

Thanks...

Cool content! Thank you for sharing 🙌

Let’s goooo more heat 👌 consistency 🔥

what's the forum website to look up the watch info?

Great video, but when you refer to going on "the watch forum" to learn about the resale price, which watch forum specifically? I tried looking up "the watch forum" and found one hosted in the UK, but I doubt it's the forum you're referring to. Can you provide more details about that watch forum? What is the URL or the name of the watch forum? Thanks.

Thanks for the info. 😎⭐👍

i was really hoping you weren’t gonna say ebay. the fees + the high likelihood of getting scammed is a no for me might else well just do what i’m doing in my profile pic. appreciate the effort tho

You've probably covered this in the past but of all the things one can sell or flip online, why did you decide to go with watches?

You just got sub and like

Customs just intercepted a $25,000,000 shipment of fake Rolexs

Thanks 🙏

all cars a blacked out this is my guy

This is something that I am interested in doing for another stream of income

What do you look for on Ebay so you know that you're not getting scsmmed by a fake?

$5000 a month doesn’t get you these cars just to be clear 😂

I also want sell my bell&Ross watch how can I sell

how do you know if it’s original ? may be more than 90 % in Ebay are fake watches

I'm looking to sale my watch collection. Very old watches

I love getting info from our culture. Even if other cultures had mention it on RU-vid numerous of times of flipping watches. Peace and love for this one. I have a few thousand dollars to invest in. This would be perfect like I always wanted to do.

what about taxes?

Hello @RichardFain where is your store on eBay?

can you consistently make 5k a month or is it up and down

My Man😘....lol...Thanks for sharing!!!

if the watch you sold needs repair in future the buyer will need support how do you support?

Also, do you resell them on Ebay or elsewhere?

Do u have a only fans? Orhow can i get 1 on 1 with u for a fee. I work with continental so I make 1000 a week and also I sell knock of luxary brand goods and I'm working on how i look on paper. Via credit, my primarys and tradelines. I just want to learn more. I am trying to establish myself before i turn 30. I'm 27 RN and just opened my eyes to what ur preaching about

Good Stuff!

How has covid affected your ability to flip luxury watches?

Selling high value watches could get you scammed so it's better to buy and sell a bunch of watches under £100

I also own à Rolex submariner 16613 bluesy 👍 perfect 👌 and I own the more New bluesy with Ceramic bezel 🥂

Hello Richard ! Am living in Sweden and it seems like i kan open up an acount. How should i do please?

Go gators!

I think you could be more profitable if you stick to flipping on forums. No fees, no retail taxes. More risk though. Your example you gave doesn’t add up. If you buy a watch for 2100, and flip on eBay for 2500. The upfront sales tax on the Purchase and ebay/PayPal would eat away at your margin. You would barely break even. I’m also confused because in another video you discussed the issue with selling sport Rolex watches. The demand is too high and these watches are too sought out. So it’s difficult to flip them and come out ahead... hmmmn

Respect your work family but I you have a rolex all gold for 5 grand I'd like to buy one

I love this guy!

That song at start sounds like a horror movie song 🎵

How do you invest in real estate with 5000k$

It easy to make money when you have money to start with

Can you talk about paying taxes on the money earned? Thank you

5000 a month. Lol. That’s lunch money

Archieluxury

You take too long to get to the point

Buying watches on eBay is terrible advice. Scam city

What about invicta

Great, another fake internet 'guru'.

What shall it profit a person to have all the money in the world but lose their soul.

💯✊🏿

Horrible.