Watches are beautiful accessories that can make a great addition to any outfit, but they can also be expensive.
If you have an obsession with watches and you collect them, you may be able to take your passion and turn it into a business.
In this blog post, we’re going to explore unique ways how to make money with watches.
Flip Watches
If you’re into watches chances are you’ll know the value of different models and makes. You can buy watches cheaply and then sell them for a profit.
This is a great way to make money if you’re quick at spotting a bargain and you’re good at negotiating prices.
To get started, try searching online for watch forums where people buy and sell watches. Once you’ve found a few potential sellers, get in touch and see if they’re interested in selling their watch to you.
If you’re able to buy the watch for a lower price than its market value, you can then turn around and sell it for a profit.
You’ll Need Some Money To Get Started
To get started flipping watches, you’ll need some initial capital to invest in your first watch.
If you don’t have the money to buy a watch outright, you could try using a personal loan or borrowing from friends and family.
Just be sure that you’re only borrowing what you can afford to pay back, with interest.
You Can Sell Your Watches
Chances are if you’re a watch enthusiast you have a few watches that you no longer wear.
Rather than letting them sit in a drawer and collect dust, you could sell them and make some money in the process.
This will give you the money you need to reinvest in your watch flipping business and help you to grow it.
Repair Watches For Money
If you know the ins and outs of watch mechanics, you could start a business repairing watches.
This is a great way to make money if you have the skills and knowledge to do the repairs properly.
The first thing you should do after you get your business set up is create a website and social media platforms to market your services.
While you’re getting momentum online, you could go around to different jewellers and watch repair shops to try and get some business.
Once you start getting a few regular clients, word-of-mouth will start to spread and you’ll be able to grow your business even further.
Start a Watch Blog
Writing about different watch brands, models and styles is a great way to attract an audience of people who are interested in watches.
If you can build up a large enough following, you could start making money from your blog through advertising and sponsored posts.
You could also look into setting up an online store where you sell products related to watches.
The great thing about blogging about watches is that the ad revenue for a watch blog could be high. This is because the main target market for watch buyers is usually men aged 35-54. This target market has money to spend!
Don’t limit yourself to just a watch blog either. You could make a broader jewellery or fashion blog and talk about watches as one aspect of that.
This can help you venture into way more topics and broaden your appeal to a larger audience.
Start a YouTube Channel Based On Watches
If you’re passionate about watches, one of the best ways to make money from that passion is to start a YouTube channel. You can review different brands and models of watches, give your opinion on new watch releases, and even do tutorials on things like watch maintenance and care.
To be successful with this monetization method, you’ll need to grow your channel to a reasonable size. Aim for at least 1,000 subscribers. Once you reach that milestone and 4000 watch hours, you can start monetizing your videos through YouTube’s Partner Program. You’ll earn a percentage of the ad revenue generated from your videos.
You can even start making money before that through affiliate marketing. If you mention certain watches within your videos and include affiliate links, you can earn a commission on any sales generated from those links. Just be sure to check YouTube’s guidelines on using affiliate links before getting started.
Invest In Watches
Certain brands have watches that actually appreciate over time, similar to how people invest in art or classic cars.
If you have the money to spare, you could start investing in watches to sell them for a profit down the line.
This is a long-term thing. Don’t expect to make a lot of money fast like you can with selling or repairing watches.
The Biggest Thing To Look Out For With Watches
Watch Events
To maximize your profits with watches, you need to network and see what’s going on.
Going to watch meetups, conventions and other events is a great way to find new products. You can also meet new customers and learn more about the industry.
Fake Watches
When you’re flipping watches, it’s important to be able to spot a fake watch.
There are a lot of fake watches on the market. If you’re not careful you could end up buying one.
If you’re not familiar with the different types of fake watches, do some research before you start buying.
That way you’ll be able to spot a fake watch a mile away and avoid wasting your money.
Other Frequently Asked Questions
What other luxury items can you make money on?
Other luxury items you can make money on include designer handbags, high-end fashion, vintage cars, art, and antiques.
Conclusion
These are just a few of the ways that you can make money from your passion for watches. If you’re creative and think outside the box, there are likely many other ways to monetize your skills and knowledge in this niche.
The important thing is to get started and see what works best for you. Who knows – you might just find yourself making a great income from your very own watch business. Thanks for reading!