Tips from a Flipper

#howtosellawatch
Being a successful flipper is possible. It takes patience. Buying and selling at the right time. Not many are naturally good at it. Most flippers lose money and refer to the loss as ‘paying the flipper tax.’ Selling a watch especially a luxury one is never easy or convenient. Some tips:

Be the type of seller you like doing business with as a buyer. Be detailed, descriptive, and responsive. Take an abundance of sharp pictures (soft natural light outside with your smartphone does a good job). Price your watch according to market value (or lower for a faster sale). I’ve had the best luck with the watchuseek sales forum, or meeting buyers locally. Establish a solid track record of positive feedback. Keep at it

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[drwindsurf]

Thank you Bruce - this good advice. One thing I would add is getting a good price the watch when you buy it originally; this reduces or eliminates your loss when you sell it. Thank you for another excellent video 🙂👍

[philipreinert]

Chrono 24 is good for selling if you can take the hit. It is safe and I’ve sold several watches there. I got a little less but the escrow account is nice to have.

Also, Chrono 24 is good for scouting. Prices are higher but if I find a watch I like I track down the dealers actual website. Many watches are listed cheaper on the dealer website vs Chrono 24. I think they are higher in Chrono cause they are trying to make up for the fees.

[steffydog]

Price, it’s always price, simple. Followed by condition.

[watchvoyager]

Good video Bruce. Looking forward to the more in depth one in the future

[entroheat]

I’ve flipped so I buy more as a rule so I don’t tap into my savings and not to have too many pieces, mainly I buy used and I search for best possible price and I usually get it with excellent condition, this way if I lose I lose very little and to be honest unless it’s a popular Rolex or omega snoopy most likely you may break even but may lose 10 percent max, it’s a costly hobby but buy at best price is the key.

[nexttimewatchreview]

Great points on the photography side and overall, a great video! I rely exclusively on window light for my reviews, and it just looks much better than direct light from an artificial light source. Unless you are willing to put the time and effort into setting up the lights, chances are you will not like the result especially if you don't have a soft box.

[Talon]

Best advice? Buy low, so you can sell low and don’t take a hit. I just sold my 2 year old Speedmaster Racing to a dealer last week and sold it for the same price as I bought it…..but I originally got the watch for 30% off RRP. I’ve used this tactic a few times and while I never make money, I often break even or only lose a little.

[kksm]

Great video and a topic most people don't cover! I know that Zenith! I'm sure I've seen it in a watch box somewhere. 🙂

You know, I don't really think of you as a flipper. I think of a flipper as someone who buys a watch and then immediately tries to resell it at a profit. In your case, you just want to experience everything and the only way to do it is to move on. That's fair. 🙂

[nkonig]

I’ve just done eBay in the past. Set at 0 and let the bidding commence. I’ve done alright that way but I’m selling £300-£500 Seiko’s etc. I’d give Watchuseek a try but I think I’d get annoyed with all the messages with counter offers etc. I like how on eBay it’ll sell for what it sells, it’s quite easy and stress free. If I were to sell a higher priced watch then I’d consider doing it differently.

[Kingofgoodtimes.]

Thanks for the heads up. Been using eBay and yeah taking hits every time

[thewatchloungechris]

I miss that Breitling ! Def going to be a future rebuy

[nightstalker]

Nice. The market for used(non-Rolex) watches has definitely slowed down. I've been a member of watchuseek since 2012. 6-7 years ago, I could sell a nice watch in a heartbeat for market price, nowadays you practically have to give the watch away if you actually want to sell it. I don't know what it is about the market today.

[WATCHDAVID]

Love this video and Tipps! Many thanks!!

[WrongTimeWatch]

With all the watches I buy and sell for youtube content, I am always worried about getting scammed.

[ulifluhme]

Could you elaborate more on the “safe meeting places”? Where in a bank or police station is an appropriate place to meet and exchange a watch for cash? Thanks for all your content!

[jimgreene]

Great advice and tips sir!
I always want more than my watch is probably worth Lol

[Atifarif]

What’s your preferred method of insuring a watch when you ship it out to someone?

[vishaldev]

Also make sure you clean the watch and sanitize before shipping to the buyer.

[Zeus-kjnn]

Ironically, I'm trying to sell the same Heritage 2. Having no fun so far but thankyou for your advice.

[jonkaptanoglu]

Bruce what do you think of the Tag Heuer Monaco Titan.