How to become a watch dealer: it’s something many of us have pondered when we see how much a vintage Rolex sells for. The good news is that you don’t need any qualifications to get into this exhilarating career. Read on to learn exactly what a watch dealer is and the steps you can take to become one.
What Is A Watch Dealer?
Put simply, a watch dealer is someone who is involved with negotiating prices and buying and selling watches for profit. The career of a timepiece dealer is anything but linear as it is the type of job that you gradually build yourself.
You can choose to buy and sell any type of watch that you want, but popular choices include luxury watches, vintage watches, and smartwatches. This is because they are in high demand, so they create more profit.
The Job Profile Of A Watch Dealer
Watch Dealer Salary
The salary of a watch dealer cannot be specified as most dealers run their own business and therefore earn vastly different amounts. On a positive note, this means that there are no limits to what you can earn in this profession.
Watch Dealer Qualifications
It is not necessary to have qualifications to become a watch dealer. Experience is what will make you the most sales. However, it is important that you are knowledgeable about timepieces. This may include knowing the latest trends, the most prestigious brands, and how to do basic repairs.
Watch Dealer Soft Skills
The most important skill for a watch dealer to have is people skills. You will be dealing with members of the public every day, so you need to know how to charm them into purchasing your watches. It is also important to be organised so that you can keep track of your sales and keep customers happy.
Finally, to buy and sell watches online, a strong work ethic is a must. This is because you will be in control of your own schedule and you want to make the most of your time.
Pros & Cons Of Dealing Watches
One advantage of being a timepiece dealer is that this profession is accessible to everyone. There is no need to spend money on qualifications as you can carve your own path and make connections independently in order to succeed.
Pursuing a career that you love will carry you through the challenges that arise. Jobs in the watch industry are perfect for watch aficionados as they offer the opportunity to get up close and personal with the world’s best timepieces.
On the other hand, the watchmaking industry is very competitive which can make it hard to succeed as a watch dealer. Unlike set careers such as watch designers or watchmakers, watch dealers cannot rely on a steady stream of income.
Finally, it’s hard to get experience as a watch dealer. People prefer to buy watches from you if you are experienced, but the only way to get experience is to start dealing watches as soon as you can.
How To Get Into The Watch Business
There is no school for watch dealing. People become successful watch dealers by learning all there is to know about the industry, establishing connections, and building a strong reputation over time. Here are some tips that may help you get into the watch dealing business:
1. Establish A Strong Social Media Presence
Create accounts on all social media platforms to advertise your watches. Get involved in popular forums such as the ‘watches’ subreddit. You should also follow popular watch dealer accounts as their followers may head to your page to see if you offer similar services. Ultimately, participate in the watch dealer network and make yourself known.
2. Get To Know The Trends In The Watch Industry
Knowing the trends of the industry is crucial when it comes to buying and selling timepieces. This involves knowing the best brands, the watches that are currently in high demand, and the best time of year to buy and sell.
3. Start Dealing As Soon As You Can
Sitting around and waiting for success is pointless. The only way you can truly know if you will be a successful watch dealer is to put yourself out there. As soon as you can, start dealing low-risk watches and see where it gets you. Remember that word of mouth is incredibly effective for sales, so you never know where one simple sale may lead you.
Our Final Thoughts On How To Become A Watch Dealer
We hope our expert guide has clued you up on how to become a luxury watch dealer. This unstable career is not for the faint-hearted, but if you become a successful timepiece dealer, there are no limits to your potential. You could end up earning huge amounts doing a career that you adore.
Since luxury watches are in high demand, why not choose a Uniform Wares’ timepiece for your first purchase? Our Swiss-made watches would be the perfect product to sell to watch enthusiasts as they are fashionable and functional. You couldn’t get a more reliable brand than Uniform Wares – our minimalist aesthetic never goes out of style. Browse our watches for sale today.