HOW TO MAKE $5,000 A MONTH ONLINE SELLING LUXURY WATCHES

  Рет қаралды 80,369

Richard Fain

Richard Fain

Күн бұрын

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RF Financial Consulting LLC
For financial mentoring & coaching services contact me on Instagram @richardfain28 or rffinancialconsulting28@gmail.com
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

Пікірлер: 231
@johnsmith-dm2tq
@johnsmith-dm2tq 4 жыл бұрын
you cleared up the piece of the puzzle i was missing. you are right, most people on ebay are either selling new Chinese watches, grey market Japanese watches, and the people selling luxury watches are a mixed bag. with a good amount of them coming across a watch at a sale, family passdown, ect. they do a search and find out a watch is worth 5g and think if i get 4200 i'll be happy and just want a fast sell. same reason pawn shops exist.
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@dakotaflora6998
@dakotaflora6998 2 жыл бұрын
This doesn't make any sense at all. Buy a watch for $2,100 + sales tax ($117 in my state) Sell watch on ebay for $2,200 and pay ebay fees roughly 16% in most categories ($352). Cost of Goods $2,217 Sale price minus fees $1,848 Net profit -$369
@migooknamja
@migooknamja 2 жыл бұрын
I don't understand how you can make money from this. There are 25 of the same models listed on ebay or chrono24, and you would just buy the one at the lowest price. Then, in order to re-sell, you would just have to list again at the lowest price, otherwise it would just sit on the market. Plus, you gotta pay ebay huge fees and now they give you a 1099 form thanks to Biden.
@danavipuzzles7308
@danavipuzzles7308 2 жыл бұрын
My question is how you make the profit when considering the Ebay fees. If you buy a watch for $2,100 and sell it for $2,600, you may have to pay $350-400 on Ebay fees for that sale. If you get lucky to make such a sale, you might make $100-150 in that scenario. Also, how do you make certain that all the parts are original parts on the inside? And what if you're 100% sure that the watch is legit, but the buyer you sell it to then claims that it's not legit and requests a refund? And what happens if you buy the watch and realize it's fake when it gets to you? You lose time and have to spend money to ship it back to get a refund.
@crazeephill
@crazeephill 2 жыл бұрын
Good points. And if you want to get it serviced and pay for postage. The margins are shrunk to almost nothing or a loss. Tricky
@stefpix
@stefpix Жыл бұрын
I made a similar comment, before reading yours. Now ebay fees are assessed on the amount the buyer pays, including sales tax and shipping costs. Selling a watch for $2500, would amount to $2800 after tax, insurance, shipping costs. The watch bought for $2000 would cost around $2200 with sales tax and shipping. there is really no margin. it should be bought at around 1600 and sold at 2500 for a reasonable margin for the seller. Also it should be factored than 10% of buyers may have remorse and request a return. some fees may not be refunded.
@mrmakeadeal2415
@mrmakeadeal2415 3 жыл бұрын
Never tell people you won't get rich over night, your mindset should be rich already!
@xAlphaSpiderx
@xAlphaSpiderx Жыл бұрын
💯
@rhvreramon
@rhvreramon Жыл бұрын
I had no interest in investing in watches other than my apple ultra. Now all of a sudden I’m seeing all these guys on 47 st in NY (where I’m from). Now I’m interested after watching your video.
@MrChess187
@MrChess187 4 жыл бұрын
I been an ebay seller since 07. The amount of trouble ain't worth it to me. tell us your losses per year. how many times you got scammed and how much fees you paid to how much you made. I can tell you before you speak it don't add up.
@MatrixServicesLLC
@MatrixServicesLLC 4 жыл бұрын
I just posted almost the same thing then saw your post lol. I think he's full of it trying to sell his course.
@fitlyfe4138
@fitlyfe4138 4 жыл бұрын
Bullshit
@photograffito
@photograffito 2 жыл бұрын
@Cj Nation367 just hope the seller doesn't file an INAD. When that happens, ebay overrides a NO RETURN policy and you as a seller will be forced to take the return. At that point, you pray they dont send back a rock or a fake replica. Ebay sides with buyers with INAD cases. Authentication happens on the sale end not the return end. Thats where most sellers get burned.
@joymae
@joymae 4 жыл бұрын
I don't have expensive watches, but I do have designer purses and I think the same logic can be applied to some purses I no longer want
@JalenDuncan
@JalenDuncan 3 жыл бұрын
They go down in value not up
@chingching8820
@chingching8820 3 жыл бұрын
@@JalenDuncan I'm sure thats with everything. Just like how some rare sneakers go up in value im sure some designer bags go up in value also. It's just a matter of supply and demand. But I've never sold designer bags let alone own one so I wouldn't know lol.
@marlonwoods4242
@marlonwoods4242 3 жыл бұрын
@@JalenDuncan not birkin bags haha
@2gunzfilms425
@2gunzfilms425 Жыл бұрын
If they’re always in great condition, you’ll always be able to resale them at good value
@yangchenj
@yangchenj 4 жыл бұрын
I don't think it works easy like that. Ebay charges 10% of your listing item, and if you buy from ebay, you would also pay sales tax for it. In each watch buying and selling session, you would lose about 18% of the value, let's say you're flipping an $10,000 watch, you need to make sure you're buying under market for at most $8,000 in order to be profitable. I don't think this is sustainable
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@stefpix
@stefpix Жыл бұрын
Ebay charges around 13% in fees, but it is calculated on the total amount with shipping costs and sales tax. So a watch sold for $2500 would amount to about $2800 paid by the buyer and $400 in ebay fees calculated on that, maybe $25/$50 in insurance and shipping costs.
@tomy
@tomy 4 жыл бұрын
🔥 Dope video! How scalable is this? I'm curious how many deals you've found in a month and how long it takes you to sell once bought. I might use my credit cards if I can sell it within 30-60 days. It's like free money lol
@RodNubianKing
@RodNubianKing 4 жыл бұрын
He been flipping luxury watches for years according to his videos.
@CC-it3df
@CC-it3df 4 жыл бұрын
I have not seen a discounted Rolex on Ebay for years. They are selling for market value. Me and my friend joke that the economy must be going well because there is nobody unloading their Rolex because they need the cash. Most of the listings that I see are dealers. And if I look at the broken Rolexes or other luxury watches then they are not worth the effort. It would cost too much too fix.
@thesaint8400
@thesaint8400 3 жыл бұрын
Lol 'free money.' Oh dear.
@matthewvz28
@matthewvz28 2 жыл бұрын
Oh boy...
@tomy
@tomy 2 жыл бұрын
@@thesaint8400 I've built an entire ecommerce brand off of credit. Find a process that works then leverage credit to grow it faster. Not overly complicated 😉
@LubulaChikwekwe
@LubulaChikwekwe 3 жыл бұрын
Great info I actually wanna get into selling smart watches---- not as luxurious but exact demographics and markets . Loved this
@Jcestanley
@Jcestanley 3 жыл бұрын
I LOVE CAPITALISM! Just found your channel....I love watches, I don’t necessarily want to flip them but wear them for a year or so then get rid of them when I’m tired of it...love fast cars to. Liked and subscribed. 👍🏻
@richardfain3842
@richardfain3842 3 жыл бұрын
1 6, 4, 6, 7, 5, 1, 8, 8, 8, 7
@alienshred24
@alienshred24 4 жыл бұрын
How does the 10% eBay seller fee affect this method when you go around to selling the watch at retail price on the website?
@electricfeel9501
@electricfeel9501 3 жыл бұрын
@Cj Nation367 this guy is preaching sell and buy on Ebay but that 10% ebay fee is a lot. if you sold a $5000 watch ebay is taking $500 fee.
@travay6328
@travay6328 2 жыл бұрын
@@electricfeel9501 he accounts for it
@stefpix
@stefpix Жыл бұрын
@@travay6328 $2000 watch +sales tax, almost $2200. Sold for $2500, buyer pays $2750 or so. Shipping, insurance costs and 13% ebay fees (on amount including tax and shipping) is around $350-400. no margin, no profit.
@buckeye-pe6df
@buckeye-pe6df 6 ай бұрын
You have to find a watch at a deep enough discount to make it worth it. ​@@stefpix
@MatrixServicesLLC
@MatrixServicesLLC 4 жыл бұрын
Ebay fees would mean you would lose money??? I'm a ebay power seller and this makes no sense.
@alexgenius_oninstagram6284
@alexgenius_oninstagram6284 3 жыл бұрын
For assistance on earning weekly
@alexgenius_oninstagram6284
@alexgenius_oninstagram6284 3 жыл бұрын
*v* *i* *a* *w* *h* *a* *t* *s* *a* *p* *p* + *1* *3* *6* *1* *2* *2* *3* *9* *3* *0* *8*
@JayRozay313
@JayRozay313 4 жыл бұрын
Finally the video I been waiting on
@iNeed2DeleteYouTube
@iNeed2DeleteYouTube 4 жыл бұрын
I’ve been waiting on this too. Gems!
@jibrealterry9630
@jibrealterry9630 4 жыл бұрын
Okayyy!!! Been waiting like hell for this
@FOT2010
@FOT2010 4 жыл бұрын
Q: What if you can't move the inventory?
@realwarriorscholar
@realwarriorscholar Жыл бұрын
You’re stuck with it.
@rodsalvador3608
@rodsalvador3608 4 жыл бұрын
Also PayPal will allow you to finance those purchases, so you have positive float on your cash day one if you choose to finance. Great way to churn cash if you play it right.
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@jackblack9754
@jackblack9754 4 жыл бұрын
eBay is like a box of chocolates you never know if what you getting is real or fake. China has a market for knock offs. 12 years you never got got?
@PokuBanks
@PokuBanks 4 жыл бұрын
Go through their feedback & transaction history. You don’t buy a 2500 watch off a brand new account or bad review accounts
@Je.rone_
@Je.rone_ 4 жыл бұрын
Online money da best money furreal furreal
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H.. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@SoFirmStudios
@SoFirmStudios 4 жыл бұрын
I really want to get a grasp of the watch market but I really struggle with it because I love my $30 Timex watch that I've had for close to 10 years. I'm going to reward myself with a Rolex Explorer II at the end of the year if I can hit $1MM net worth. It's a pretty lofty goal for me as I'm still $150-200k away from that.
@frankyre8521
@frankyre8521 4 жыл бұрын
Well you’re more than halfway there and please film the process if you can !! Would definitely watch that. You got this man ! 🍀👍
@SoFirmStudios
@SoFirmStudios 4 жыл бұрын
@@frankyre8521 Appreciated! I needed to hear that after I took a big hit in the market today lol
@BRIANDER100
@BRIANDER100 4 жыл бұрын
How did you make your money ?
@mann277
@mann277 Жыл бұрын
In dealing with eBay, how do you know the watches are authentic?
@robertkotula5389
@robertkotula5389 3 жыл бұрын
Buying watches on eBay is terrible advice. Scam city
@jdfile310
@jdfile310 2 жыл бұрын
Fascinating tips. Thanks.
@xAlphaSpiderx
@xAlphaSpiderx Жыл бұрын
$5000 a month doesn’t get you these cars just to be clear 😂
@johnpetty3574
@johnpetty3574 3 жыл бұрын
Customs just intercepted a $25,000,000 shipment of fake Rolexs
@richardfain3842
@richardfain3842 3 жыл бұрын
1 6, 4, 6, 7, 5, 1, 8, 8, 8, 7
@kevinnboy25
@kevinnboy25 4 жыл бұрын
I did this with iPads (starting with a little money) and flipped enough iPads to buy a new one for myself for school 😁
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@SuperFalino
@SuperFalino 4 жыл бұрын
Great video Richard. Approx how many watches do you sell a month?
@stefpix
@stefpix Жыл бұрын
Sales tax and ebay's commission is about 13% on top of total cost with taxes and shipping. So if you buy a watch for $1800, with average US sales tax it costs you $1950 approx. You relist it for $2500, sales tax, insurance and shipping adds $250 or more. So ebay takes 13% of commission on that about $350, you may spend $50 for shipping and insuring, so it is about $400 in expenses. You paid for the watch $1950+$400, it gets to $2350. SO your profit is $150. If you bought the watch for $2100, you would have lost money. If you sell a lot, you have to factor that you may get some return request, and some fees are not refunded with the return. Or buyers making false claims and returning a watch in worse condition than it was sold. Years ago ebay was not charging sales tax, so the margin was a lot better. The fact that eBay's commissions and fees are on the amount paid by the buyer, including shipping and sales tax, it really reduces the margin to a very low level. I see this video is from 2 years ago, so maybe your calculations are relevant for back then, not for 2023.
@ratedm90
@ratedm90 Жыл бұрын
What’s the better updated way? I also realized that the fees are simply too high to sell on eBay. So perhaps sell locally?
@stefpix
@stefpix Жыл бұрын
@@ratedm90 the author of this video does not address these comments. It is clickbait video. Ebay offers guarantees. But the commission is based on the sale price+sales tax+shipping costs. Only way to make some gain is to sell a watch at 50% to 100% more than you paid. Or if you buy for cheap something in high demand. Buy a few watches heavily discounted (sometimes if you buy 2 you may get 20% off from some sellers). Anyway I do not trust the guy who made the video, He did not address several comments that raise these points/
@diegobajger7025
@diegobajger7025 3 жыл бұрын
Best most informative video I’ve seen on this topic so far
@jameskarim8306
@jameskarim8306 3 жыл бұрын
Thanks for the review +1>>3>>0>>5>>59>>6>>2>>9>>5>> t>t>a>p>p>••.
@ivanmijatovic1980
@ivanmijatovic1980 Жыл бұрын
You just got sub and like
@j.r.robinson9297
@j.r.robinson9297 4 жыл бұрын
Lot of knockoff watches out there. Especially on eBay. Gotta be careful
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@dalmasoncaruthers7242
@dalmasoncaruthers7242 3 жыл бұрын
Thank u for preaching the good word of credit. U look like my grandpa Mr. Bishop and its easy to listen to u. I am working and also selling luxary brand desighner replica bags purses and sunglasses. Its crazy how ur energy has changed my life. Thank u sir
@lnvestlngwlthr0se0s39
@lnvestlngwlthr0se0s39 3 жыл бұрын
+1
@lnvestlngwlthr0se0s39
@lnvestlngwlthr0se0s39 3 жыл бұрын
Hit me up privately on whatsap
@photograffito
@photograffito 2 жыл бұрын
just dont sell those replicas on ebay. You will get banned and the lawyers for those luxury houses will send you a letter to settle. I settled out of court with Chanel for $10000. Not worth it.
@Th3P3ac3N33d3d
@Th3P3ac3N33d3d Жыл бұрын
yeah i would avoid that brother, that can ruin your reputation.
@everysingleguitars
@everysingleguitars 2 жыл бұрын
Do U truly believe it’s a 99% / 1% split about the eBay buyer / seller part?
@Mentalfit360
@Mentalfit360 Жыл бұрын
would it also work if i bought luxury watches in local shops in my city and then sold them on platforms like ebay and amazon?
@GiVan
@GiVan 4 жыл бұрын
Archieluxury
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@10klp
@10klp Жыл бұрын
Go gators!
@codybertsch
@codybertsch 3 жыл бұрын
When I saw the all black whips I knew I was in the right place
@codybertsch
@codybertsch 3 жыл бұрын
@@clearvaluestax.8027 I'm hoping I can do something similar to this but I'm curious what you think about specializing in certain watches, currently I only own Seiko and ive noticed they sell way below market value. Idk if people forgot about them or if they just aren't in high demand anymore?
@aaronzx10r
@aaronzx10r Жыл бұрын
Just found this and you……are u still dealing in watches during this market?
@junwatanabeenrolledagent1765
@junwatanabeenrolledagent1765 2 жыл бұрын
Thanks...
@flyingsaucer1268
@flyingsaucer1268 4 жыл бұрын
Rolex....wow, what prices !!!! I'm currently saving for my first Casio....
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@Pzlovewin88
@Pzlovewin88 4 жыл бұрын
Hello @RichardFain where is your store on eBay?
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@dalmasoncaruthers7242
@dalmasoncaruthers7242 3 жыл бұрын
Do u have a only fans? Orhow can i get 1 on 1 with u for a fee. I work with continental so I make 1000 a week and also I sell knock of luxary brand goods and I'm working on how i look on paper. Via credit, my primarys and tradelines. I just want to learn more. I am trying to establish myself before i turn 30. I'm 27 RN and just opened my eyes to what ur preaching about
@lnvestlngwlthr0se0s39
@lnvestlngwlthr0se0s39 3 жыл бұрын
Thanks for the review +1
@lnvestlngwlthr0se0s39
@lnvestlngwlthr0se0s39 3 жыл бұрын
Hit me up directly
@ToneRetroGaming
@ToneRetroGaming 3 жыл бұрын
I really would love to do this since I have so much free time (work 4 on and 4 off) and I have the savings to start, but I am scared to death of buying a fake, or worse two.
@electricfeel9501
@electricfeel9501 3 жыл бұрын
that's what i'm thinking too. Richard says to sell and buy on Ebay but ironically Ebay has a ton of scammers and the scammers know Ebay will take their side.
@jonbovi2183
@jonbovi2183 3 жыл бұрын
I'm looking to sale my watch collection. Very old watches
@richardfain9032
@richardfain9032 3 жыл бұрын
Write Mr polina for investment options.
@richardfain9032
@richardfain9032 3 жыл бұрын
+13>1>57>95>1>197™.
@rthelionheart
@rthelionheart 2 жыл бұрын
What it would scare me the most is the shipping part. I would have not the foggiest of ideas what type of shipping to use. If for whatever reason a customer pays for a fine watch and it turns out that the watch gets lost in the mail then what?. Time to issue a refund to the customer?. Even worst, what about a fakie one makes the cut?.
@blackpassenger
@blackpassenger 3 жыл бұрын
answers to my question. thank you
@jameskarim8306
@jameskarim8306 3 жыл бұрын
Thanks for the review +1>>3>>0>>5>>59>>6>>2>>9>>5>> t>t>a>p>p>••.
@lucratyveMedia
@lucratyveMedia 4 жыл бұрын
new SUB Big on the law of attraction..... Dope VIDEO
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@wandasworldmoneyjourney5788
@wandasworldmoneyjourney5788 2 жыл бұрын
Great video Money Man
@Amaru_r
@Amaru_r 3 жыл бұрын
I think no particular is going to sell his Rolex under retail market value to let another one make the profit
@valeriemartini6315
@valeriemartini6315 4 жыл бұрын
Yes, I would love ❤️ to but eBay not good. I’ve had 2 incidents on eBay with luxury watches. eBay customers always right. But willing to get your take
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H.. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@sundeath23
@sundeath23 2 жыл бұрын
thing is, I cant even get a sub at retail. how do i make money then??
@titaniumsir
@titaniumsir 4 жыл бұрын
What do you look for on Ebay so you know that you're not getting scsmmed by a fake?
@alexgenius_oninstagram6284
@alexgenius_oninstagram6284 3 жыл бұрын
For assistance *v* *i* *a* *w* *h* *a* *t* *s* *a* *p* *p* + *1* *3* *6* *1* *2* *2* *3* *9* *3* *0* *8*
@zmfischer
@zmfischer 2 жыл бұрын
How do you make sure the watch is real on Ebay?
@bmfsports2490
@bmfsports2490 4 жыл бұрын
What about of all the horror Stories on eBay, opening a return and send you back a fake and keeping your watch
@thesaint8400
@thesaint8400 3 жыл бұрын
Work with very good profiles. Send to good counties. Frankly, there legit guys (search Roman Sharf, a genuine top bloke) who started on eBay. But yeah, it's not easy.
@sjinvestors250
@sjinvestors250 8 ай бұрын
How long does it take for you to sell the watches
@stopnchoppodcast6344
@stopnchoppodcast6344 2 жыл бұрын
what's the forum website to look up the watch info?
@silentbullet2023
@silentbullet2023 Жыл бұрын
I think the best way to buy under-market value luxury watches would be to go to spawn shops in Las Vegas. I don't live in America, but those who do can do it.
@user-yu5il6sp5o
@user-yu5il6sp5o Жыл бұрын
Do u have videos on that?
@paulnupe1911
@paulnupe1911 4 жыл бұрын
Great, another fake internet 'guru'.
@alexgenius_oninstagram6284
@alexgenius_oninstagram6284 3 жыл бұрын
For assistance on earning weekly
@alexgenius_oninstagram6284
@alexgenius_oninstagram6284 3 жыл бұрын
*v* *i* *a* *w* *h* *a* *t* *s* *a* *p* *p* + *1* *3* *6* *1* *2* *2* *3* *9* *3* *0* *8*
@roderickjackson4046
@roderickjackson4046 2 жыл бұрын
Hi Richard! I'm a Beginner , I haven't sold a watch yet. I recently bought an Invicta Reserve Purple with the intention to resell it . If I knew now what I wish I knew about a month ago I would have put money into a different type of watch. Do you I can still resell it for a profit?
@bernardcohen3245
@bernardcohen3245 Жыл бұрын
5000 a month. Lol. That’s lunch money
@ratedm90
@ratedm90 Жыл бұрын
How much do you make? I really want to get into it.
@Mojojojo335
@Mojojojo335 7 ай бұрын
It’s passive…….. 60k for a year is lunch money to you?
@ExtremeComments9
@ExtremeComments9 4 жыл бұрын
How has covid affected your ability to flip luxury watches?
@sugoidessho
@sugoidessho 4 жыл бұрын
Interesting vid and good side hustle idea but if you buy watches for $2200 and re-sell them for $2500-2600, eBay will take 10% of the selling price and PayPal will take 3%. So, 13% of $2600 = $338. Subtract $338 eBay/PayPal fees from $2600 (selling price) = $2262 which leaves a net profit of only $62, not the $300 profit you were expecting to make without ebay/PayPal fees added. Or have I got this wrong? Also, as you've noted, private watch sellers usually won't be flipping watches for a profit BUT they will surely be aware of retail prices/what their watch is worth and I would guess most if not all would be reluctant to sell it for several hundred dollars below retail? I would guess it's the same as eBayers selling their cars: they'll usually be aware of what their car is worth retail and wholesale and although you might get $100 or $200 knocked off the asking price by haggling, I would guess most sellers would not be willing to sell it for wholesale/trade price. As a trade-in with a dealer they might but selling privately on eBay they would probably expect to make close to private retail price? Can anyone advise if I've got this wrong as I'd like to try this but the eBay/PayPal fees would seem to cancel out most of the profit?
@dsimz13
@dsimz13 4 жыл бұрын
I used to be a big eBay seller and I stopped for these very same reasons. eBay went to hell when they split with PayPal and they both started charging separate fees. Just wasn’t worth it. Maybe a few years ago it was lucrative, but now I just don’t see it.
@sugoidessho
@sugoidessho 4 жыл бұрын
@@dsimz13 Richard how about a comment? How do you make $300 profit on the figures you mentioned after deducting ebay and PayPal fees?
@dsimz13
@dsimz13 4 жыл бұрын
sugoidessho noway in this day in time. You would have to buy from eBay and sell on another platform
@sugoidessho
@sugoidessho 4 жыл бұрын
@@dsimz13 Let's hope Richard can enlighten us on this point either with a reply or follow-up vid?
@jameswade8ce808
@jameswade8ce808 4 жыл бұрын
You can just dm him on Instagram I did and he got back to me in a day👍
@ninjesus4079
@ninjesus4079 Жыл бұрын
what about taxes?
@Playstationmmm
@Playstationmmm 4 жыл бұрын
My Man😘....lol...Thanks for sharing!!!
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@SachinTiwari-ok3mg
@SachinTiwari-ok3mg 3 жыл бұрын
I also want sell my bell&Ross watch how can I sell
@DonovanWert
@DonovanWert 3 жыл бұрын
Thanks 🙏
@isitlegit8800
@isitlegit8800 4 жыл бұрын
Definitely going to hit you up
@richardfain3842
@richardfain3842 3 жыл бұрын
1 6, 4, 6, 7, 5, 1, 8, 8, 8, 7
@LunarBlues02
@LunarBlues02 3 жыл бұрын
all cars a blacked out this is my guy
@clearvaluestax.8027
@clearvaluestax.8027 3 жыл бұрын
Thanks
@alexgenius_oninstagram6284
@alexgenius_oninstagram6284 3 жыл бұрын
For assistance on earning weekly
@alexgenius_oninstagram6284
@alexgenius_oninstagram6284 3 жыл бұрын
*v* *i* *a* *w* *h* *a* *t* *s* *a* *p* *p* + *1* *3* *6* *1* *2* *2* *3* *9* *3* *0* *8*
@Fredrikwatchesandartwork
@Fredrikwatchesandartwork 4 жыл бұрын
I also own à Rolex submariner 16613 bluesy 👍 perfect 👌 and I own the more New bluesy with Ceramic bezel 🥂
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@RavenOneThreeA
@RavenOneThreeA 3 жыл бұрын
Horrible.
@jameskarim8306
@jameskarim8306 3 жыл бұрын
Thanks for the review +1>>3>>0>>5>>59>>6>>2>>9>>5>> t>t>a>p>p>••.
@wandabailey7498
@wandabailey7498 3 жыл бұрын
You are a great teacher👏🏾
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@reallydude6224
@reallydude6224 4 жыл бұрын
can you consistently make 5k a month or is it up and down
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@jordanroberts7931
@jordanroberts7931 3 жыл бұрын
What are you looking for to make sure you're not buying a fake or scam watch?
@richardfain3842
@richardfain3842 3 жыл бұрын
1 6, 4, 6, 7, 5, 1, 8, 8, 8, 7
@krest2012
@krest2012 3 жыл бұрын
How do you invest in real estate with 5000k$
@richardfain3842
@richardfain3842 3 жыл бұрын
1 6, 4, 6, 7, 5, 1, 8, 8, 8, 7
@sondercichlidaquariums4951
@sondercichlidaquariums4951 3 жыл бұрын
It easy to make money when you have money to start with
@richardfain3842
@richardfain3842 3 жыл бұрын
1 6, 4, 6, 7, 5, 1, 8, 8, 8, 7
@poppachini
@poppachini 4 жыл бұрын
You take too long to get to the point
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@isthatbones
@isthatbones 4 жыл бұрын
As much as I like watches, I'm interested in this. Appreciate the info. Would you say it's a good idea to only buy a watch with cash only or is a credit card a good idea to?
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@matthewvz28
@matthewvz28 2 жыл бұрын
IMO Not a good idea to use your credit card. General rule of thumb, don't charge on credit if you can't afford the cash value. That's borrowing money with the possibility of interest.
@gipelkobelieveinlove9222
@gipelkobelieveinlove9222 3 жыл бұрын
Hello Richard ! Am living in Sweden and it seems like i kan open up an acount. How should i do please?
@alexgenius_oninstagram6284
@alexgenius_oninstagram6284 3 жыл бұрын
For assistance on earning weekly
@alexgenius_oninstagram6284
@alexgenius_oninstagram6284 3 жыл бұрын
*v* *i* *a* *w* *h* *a* *t* *s* *a* *p* *p* + *1* *3* *6* *1* *2* *2* *3* *9* *3* *0* *8*
@1.5Koreans0.5American
@1.5Koreans0.5American 4 жыл бұрын
Cool content! Thank you for sharing 🙌
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H.. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@jamestrawick3262
@jamestrawick3262 3 жыл бұрын
Good Stuff!
@clearvaluestax.8027
@clearvaluestax.8027 3 жыл бұрын
Thanks
@alexgenius_oninstagram6284
@alexgenius_oninstagram6284 3 жыл бұрын
*v* *i* *a* *w* *h* *a* *t* *s* *a* *p* *p*
@alexgenius_oninstagram6284
@alexgenius_oninstagram6284 3 жыл бұрын
+ *1* *3* *6* *1* *2* *2* *3* *9* *3* *0* *8*
@ZayneEnterprizes
@ZayneEnterprizes 4 жыл бұрын
i was really hoping you weren’t gonna say ebay. the fees + the high likelihood of getting scammed is a no for me might else well just do what i’m doing in my profile pic. appreciate the effort tho
@alexgenius_oninstagram6284
@alexgenius_oninstagram6284 3 жыл бұрын
For assistance *v* *i* *a* *w* *h* *a* *t* *s* *a* *p* *p* + *1* *3* *6* *1* *2* *2* *3* *9* *3* *0* *8*
@1028802828
@1028802828 4 жыл бұрын
You've probably covered this in the past but of all the things one can sell or flip online, why did you decide to go with watches?
@superman6221
@superman6221 4 жыл бұрын
What's good to get
@alexgenius_oninstagram6284
@alexgenius_oninstagram6284 3 жыл бұрын
*v* *i* *a* *w* *h* *a* *t* *s* *a* *p* *p* + *1* *3* *6* *1* *2* *2* *3* *9* *3* *0* *8*
@jeffdorris5321
@jeffdorris5321 4 жыл бұрын
Thanks for the info. 😎⭐👍
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H.. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@a2zuser1
@a2zuser1 3 жыл бұрын
if the watch you sold needs repair in future the buyer will need support how do you support?
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@a2zuser1
@a2zuser1 3 жыл бұрын
@@richardfain6479 no no no your are not richard fain you are scamming me
@simonsays5950
@simonsays5950 4 жыл бұрын
This is something that I am interested in doing for another stream of income
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@ziggyc4474
@ziggyc4474 3 жыл бұрын
That song at start sounds like a horror movie song 🎵
@alexgenius_oninstagram6284
@alexgenius_oninstagram6284 3 жыл бұрын
Lol
@alexgenius_oninstagram6284
@alexgenius_oninstagram6284 3 жыл бұрын
For assistance on earning weekly
@alexgenius_oninstagram6284
@alexgenius_oninstagram6284 3 жыл бұрын
*v* *i* *a* *w* *h* *a* *t* *s* *a* *p* *p* + *1* *3* *6* *1* *2* *2* *3* *9* *3* *0* *8*
@titaniumsir
@titaniumsir 4 жыл бұрын
Also, do you resell them on Ebay or elsewhere?
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@ah7871
@ah7871 3 жыл бұрын
how do you know if it’s original ? may be more than 90 % in Ebay are fake watches
@kohlchappelle4444
@kohlchappelle4444 4 жыл бұрын
Respect your work family but I you have a rolex all gold for 5 grand I'd like to buy one
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@kohlchappelle4444
@kohlchappelle4444 3 жыл бұрын
@@richardfain6479 not really sure what that means
@richardfain6479
@richardfain6479 3 жыл бұрын
Chat me up
@kohlchappelle4444
@kohlchappelle4444 3 жыл бұрын
What's your snap
@richardfain6479
@richardfain6479 3 жыл бұрын
What app
@Clint2028CODE2
@Clint2028CODE2 3 жыл бұрын
Selling high value watches could get you scammed so it's better to buy and sell a bunch of watches under £100
@richardfain3842
@richardfain3842 3 жыл бұрын
+1 6, 4, 6, 7, 5, 1, 8, 8, 8, 7
@Dee84ify
@Dee84ify 4 жыл бұрын
💯✊🏿
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@mda0214
@mda0214 4 жыл бұрын
You a OG with a lot of knowledge. You been killing the online store before it was a thing
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@osirisjackson5443
@osirisjackson5443 4 жыл бұрын
I love getting info from our culture. Even if other cultures had mention it on KZbin numerous of times of flipping watches. Peace and love for this one. I have a few thousand dollars to invest in. This would be perfect like I always wanted to do.
@jmg1962
@jmg1962 2 жыл бұрын
Great video, but when you refer to going on "the watch forum" to learn about the resale price, which watch forum specifically? I tried looking up "the watch forum" and found one hosted in the UK, but I doubt it's the forum you're referring to. Can you provide more details about that watch forum? What is the URL or the name of the watch forum? Thanks.
@malloy8824
@malloy8824 8 ай бұрын
He mentioned 2 different forums in the video
@carlosranghel3290
@carlosranghel3290 3 жыл бұрын
I think you could be more profitable if you stick to flipping on forums. No fees, no retail taxes. More risk though. Your example you gave doesn’t add up. If you buy a watch for 2100, and flip on eBay for 2500. The upfront sales tax on the Purchase and ebay/PayPal would eat away at your margin. You would barely break even. I’m also confused because in another video you discussed the issue with selling sport Rolex watches. The demand is too high and these watches are too sought out. So it’s difficult to flip them and come out ahead... hmmmn
@richardfain3842
@richardfain3842 3 жыл бұрын
1 6, 4, 6, 7, 5, 1, 8, 8, 8, 7
@XCELLSCREENREPAIR
@XCELLSCREENREPAIR 3 жыл бұрын
What about invicta
@crizkodon
@crizkodon 4 жыл бұрын
Let’s goooo more heat 👌 consistency 🔥
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H.. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@upgym4797
@upgym4797 3 жыл бұрын
I love this guy!
@danielmartinn
@danielmartinn 4 жыл бұрын
Can you talk about paying taxes on the money earned? Thank you
@richardfain6479
@richardfain6479 3 жыл бұрын
. . . -W. H. A. T. S.. A. P. P. M. = E. +. . +1', 2, 1. '3_2', 8_2, '3,. "2'. , 6'3.. ".
@michaeldillard1408
@michaeldillard1408 4 жыл бұрын
What shall it profit a person to have all the money in the world but lose their soul.
@alexgenius_oninstagram6284
@alexgenius_oninstagram6284 3 жыл бұрын
*v* *i* *a* *w* *h* *a* *t* *s* *a* *p* *p* + *1* *3* *6* *1* *2* *2* *3* *9* *3* *0* *8*
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