Become a Watch Wholesaler
If you have the experience in wholesale buying of watch or a passion for watches, you can start a business selling watches to wholesalers, distributors and retailers.
You can supply luxury or cheap watches to boutiques, department stores or convenience stores with a section for novelties. Read more about this business from our basic guide.
Watches come in a myriad of styles, they can be in the low- or high-end of the price scale. If you have the experience in wholesale buying of watch for a watch store or big department store, or simply, if you have a passion for watches, you can start a business selling watches to other wholesalers or distributors as well as retailers.
What you need to do first is to choose what type of watch to sell. That doesn’t mean sports watch, leisure watch or elegant office-use watch. It means whether you want to sell luxury or cheap watches. Deciding on the price range of the watches you want to sell will determine the other steps you have to take when starting a wholesale business.
Wholesale Luxury Watch Business
If you want to sell luxury or branded watches, then you’d need either a tremendous amount of capital or, at the least, a very strong reputation, credibility and previous business history with at least one famous watch manufacturer. It should be strong enough to allow you to get an account with the manufacturer. To get an account, you must apply for it in the name of a particular business. You must therefore have a business name registered or incorporated. Back it up with a well-prepared business plan. Visit the Web sites of famous watch manufacturers or talk to owners of luxury watch sellers to get an idea how to forge a business relationship with watch makers. You might not be able to get an account now, but you can prepare because you know how.
You can distribute your luxury watches to boutique-style shops. To ensure someone will surely buy your watches, get contracts to supply the watches before ordering them. You don’t have to stock an inventory of watches. But when courting potential clients, be ready to show him with several samples.
Wholesale Non-branded Watch Business
If you want to sell non-branded watches, you’d need lesser capital, but you still have to enter into business relationships with watch manufacturers. That is why a previous experience in doing business with watch makers is important in this business. The advantage in selling watches within the reach of many people is that you can distribute it to a wider range of wholesalers and distributors – from department stores to convenience stores with a section for novelties. You can supply mid-priced watches with classic designs to bigger stores. For smaller stores, you can supply cheaper items with unique designs for the impulse buyers.
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