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  • 💡Luxury Watches: A Timeless Business Venture

💡Luxury Watches: A Timeless Business Venture

Elevate your network and net worth with high-end watch trading

Welcome to the Odd Night table,

Tonight, we're not just talking business; we're talking about a lifestyle most can only dream of.

Imagine rubbing elbows with the elite, where every handshake is a potential fortune.

We're diving into the world of exclusive watch brokerage, a realm where time is luxury, and luxury means business. 

Here’s what we got for you today:
🎟️ Your ticket into a luxury lifestyle and luxury income
💼 The reality of an ”exciting” work environment
🦾 Amazon have just launched a robot for your business

Today’s Drop 💼

Exclusive Watch Brokerage

🍿 The Big Picture:

In the realm of the ultra-rich, hobbies aren't just pastimes; they're statements.

We're talking gourmet dinners, chauffeured rides, leisurely rounds of golf, and, of course, the pinnacle of luxury – exclusive, limited edition watches.

This isn't about timekeeping; it's about status, rarity, and investment. As an exclusive watch broker, you're not just selling a product; you're offering entry into an elite club.

🛠 The Idea:

Your role? Be the go-to middleman connecting the super-rich with the most sought-after timepieces. Build your network and become the bridge between buyers and sellers.

In essence, you help your clients purchase the most elite watches by identifying and sourcing these timepieces.

This isn't a numbers game; it's about quality over quantity. Focus on securing 5-10 high-net-worth clients who seek your expertise for their next wrist statement.

In order to build trust, cold calls won't cut it here. You need real connections and a knack for understanding the desires of the wealthy. The same applies for building connections with watch traders so you do not have to personally own what you sell.

Start with your current network, even if it's just friends or family. Find out who they can connect you with and build from there. Learn the lifestyle of the financially elite and put yourself in the same places as them.

Remember the six degrees of separation theory – you're only a few handshakes away from your first big client.

🔥 Is the Market Hot?

Absolutely. The luxury watch market isn't just surviving; it's thriving, with a consistent demand for exclusive timepieces. These watches are more than accessories; they're investments, heirlooms, and symbols of success.

Forbes:
Luxury watches are a $75 billion market, with secondhand sales making up 30% of that at roughly $22 billion, according to Boston Consulting Group.

🍞 Revenue Potential:

There’s different ways you can monetize this, here’s just two:

Way #1: Secure a commission with elite watch sellers and stores. Connect them to your clients and broker that sale. Imagine securing just one sale a month. At a 20% commission on a $200,000 watch, that's $40,000 in your pocket.

Way #2: Charge the client for the service of going out and identifying, sourcing and negotiating the watches they need in their collection. Charge a flat-rate (say $2k?) per watch deal completed. 5 clients in a month gets you a $10k payday all through remaining at your desk!

🎯 Conclusion:

Start where you are, use the connections you have, and gradually climb the ladder to deal with the big fish in the luxury watch market.

This isn't just a business; it's your entry ticket into the world of the elite. The time is now, and the clock is ticking on this exclusive opportunity.

Tweet of the Day

Midnight Meme 😂

Odd Notes🕵️‍♂️

Snippets from the shadows

  • Google is set to pay Samsung $8 billion to become default search engine and voice assistant.

  • Amazon just launched a robot for small businesses. Here’s what it can do.

  • Nepal bans TikTok for “disrupting social harmony”

Remember, in the world of luxury watches, every second counts towards your next big break. Stay connected, stay classy, and start brokering. We’ll see you on the next Odd Night.

Have a business idea that we could feature? Hit reply and share the 411. If we ride with your plan, you'll see your name in the credits. That a deal?

Disclaimer: This newsletter is educational, not financial advice. Exercise caution and conduct personal research before making investment decisions.