How to Make Money Selling Watches - My 5 Secrets to Success

[@Crmjewelers]

👉Win a $100K watch collection & trip to Miami 👉 tinyurl.com/100kcollection ⌚🌴🛥

[@knobexploitmusicelectronic9218]

There is only one rule for getting in to any business as a dealer, you have to start buying and selling. Only 1 thing will give you accurate information and that is actual trading experience with you own money. You make good choices and some bad ones but as long as you keep at it you will grow. Internet knowledge is false information, only real experience counts.

[@douglaspuglas6888]

My top tips for selling watches! Dont sell for less than you bought! It works

[@boxerdog5979]

Honest video. I have been in the watch business over 25 years. Last comments were the most true, you gotta spend money to make it. This is an inventory driven business.

[@geroldatlarge1841]

Good advice in a summarized and organized fashion. No quick rich scheme here. And yes he has a work ethic which was present early on in his life.

[@andrew_owens7680]

Thanks Eric. I don't have a lot of money to spend, but I'm scouring the web trying to get as much information as possible. I'm trying to understand the brands, the calibers, their history and the people who make them. I have an advantage of being able to read French and German, so that opens up new worlds of information. I also have some experience working with metal and with enamel. But I don't have a lot of money to spend. So far, I've looked at getting some cheap watches and disassembling them to understand better. Knowledge and community and persistence will have to take the place of money for the time being.

[@obaidhrs]

Great advices Eric. Don‘t let anyone‘s stupid comment stop you making great videos like this, they are for sure jealous of all those watches or pieces of art you own.

[@stevenp4958]

Really enjoy your new format. It is not the price of a watch that generates the business. It is rather the people one trusts that determines the relationship. Keep the great videos going.

[@Crmjewelers]

Very true. Thank you.

[@menaseven9093]

Congratulations Eric you are a self made successful businessman. I thought you were an heir to the rich Bacardi Rum family. Thank you for the advice on how to make money selling watches. I don' t have plan to open a watch boutique but I see myself as a private guy buying and selling watches, jewelry, arts and cars for a little profit. Next time Eric write the 5 secrets on the video screen because it makes it easy to remember and review.

[@leonardofarias1]

Here in Switzerland, most of watch collectors buy their watches in hotel lounges, restaurants

[@Crmjewelers]

Sounds like a good adventure 😉

[@abu.goldjunge]

weli?

[@andrew_owens7680]

In Switzerland, the baseline knowledge is probably ten times as high on average as it is elsewhere. Crude fakers had probably better take their business elsewhere.

[@jmand63]

Very right. It is a insiders' job, in a way. Access to pieces makes the price and that has to be made in confidentiality.

[@guccisnek2454]

In russia watch Buys you

[@louis6848]

You know the game Eric.a friend of my is a big watch seller/taker here in amsterdam and he says the same story’s Like you. Im a big Rolex fan and buys my Watches over 10 years by this Guy,precisions Watches because he has the wisdom about the watch game and can by trust.keep on coming the Good video’s Eric.

[@Crmjewelers]

Thank you so much for sharing that my Amsterdam friend!

[@louis6848]

CRM Jewelers ❤️🙏 I hope one day the visit your great store.

[@Crmjewelers]

👍

[@殿郷敦]

Thanks for the valuable information. Im constantly studying watches. I’m living in Tokyo, Japan. A luxury Watch Mentor is the hardest thing to find anywhere.

[@Crmjewelers]

Thank you Donovan. I'm glad that I can be a bit of remote mentor to our Japanese fans!

[@IIIIALBYIIII]

For minute I thought he was blind....great video

[@MuhammadFurqan-vs1tl]

Made me laugh 😂😂

[@davidtube298]

Driving a 50000 euro car blinded 😅i dont think so haha

[@SenszR]

David Tube €130k

[@davidtube298]

@@SenszR you have models from 40k to 200k i dont know what model you saw when you set that price but oke

[@SenszR]

David Tube he is driving a 911 GT3 costs about €130k right now

[@denniswood231]

Thanks Eric, good vid man!

[@dereks66]

I like this guy! He knows watches and the watch market in general. Eric is telling the truth when it comes to making $s in timepieces.

[@parrishmedley]

Hi Eric, Love the channel. I also love the Glasses. What are the Sunglass Brand?

[@buckbyrd45]

What do you think of Franck Muller watches. Is that a good brand to start with. Great video by the way.

[@MrJintensive]

Eric could wear a mickey mouse hat and I would still buy a watch from him.

[@Crmjewelers]

Ha Ha, thank you for the vote of confidence Juan.

[@pannenkoekspek]

That's the problem with most of the watch collecting community. You all lack personality and are the most easy group to steer. Letting other people dictate what is "cool" grow a personality you losers.

[@j.r.5803]

@@pannenkoekspek Is still a personality. The world has leaders and followers. A follower is a personality that as the name tells follows the leaders. There is no lack of personality and neigher are losers since some from followers became leaders. Sometimes theres is a need to follow in order to discover if that following is part of you. Adding that most people like what others like mostly to have something that will give them a compliment or a envy vibe going on (love haters).

[@MrJanell525]

Is there a website where we can go and value a watch prior purchase ? Like Kelley Blue Book does for vehicles?

[@brenovsky]

Leaving aside the fact that the channel is yours and that you do what you want in it, it's impressive how people simply do not understand that sunglasses are beyond a personal accessory but a tool for recording the videos. It's just easier for some people who talk, look, think and addresses things or other people. Anyway... They're just sunglasses, let it go people!! LOL

[@Crmjewelers]

Thank you for the comment. Yes, too many upright people in this world.

[@davidkess2405]

watched a few other video's on youtube and this is nice. a lot of watches in-front of the speaker.!! amazing video and cheers to the production staff....""" the sound editing can be a bitter better.."

[@HugoLopez-vz5rj]

New question: what good paying job did u have that allowed u a lot of free time?

[@SUPERCARSANDCLASSICCARS]

He opened a lemonade stand for sure

[@successstories2452]

Waiting for him to reply

[@successstories2452]

Waiting for him to reply

[@snipedurbuttman212]

Daddys bumhole

[@alexp3572]

You could just say being smart. Buy smart, sell smart talk smart. And that counts for every single product.

[@ne146xx]

Thanks for this video Eric. Awesome upload man. I like your honesty and your straight forwardness but also the 5 tips/rules you put down are solid pieces of advice. Any good online watch merchants to get started with?

[@derekcariglia5062]

Yeah people trolling and saying that "Buy low sell high" is what everyone already knows... but thats the deal. This guy at least tells you how it has to be, and doesnt sugar coat the fact that there is a big monetary investment. At least this guy is honest and knows his shit

[@bushfriend2718]

Eric, I am starting to open shop for vintage watches. I really enjoy your channel and that video was very helpful. Thank you

[@Crmjewelers]

They you for watching 👍

[@chjosefin1234]

Great to see somebody who works hard from the bottom to the top.... the rare quality of people today. While my watch collection focuses on something more affordable for a normal Asian kid on my age: Casio watches / gshock a Swatch watches / one vintage and one new. Thank you for the theory you have to made for a dream job... 👍 👍👍👍 thumbs up.... just recently subscribed.

[@yourviewer6974]

Start spending money means you need some cash to start stocking luxury watches which have bigger profit and you also need to spend some cash for your ‘look’ to show the customers that you’re a trusty person to sell expensive watches..

[@Crmjewelers]

Yes, among other things.

[@christfollower1768]

Love the shades & appreciate your humility in how you began !!!!! Nice 👊👊🇺🇸🇺🇸👊👊

[@144ktribeofephraimhouseofj6]

Hey man just wanna hit you up on starting up a watch business and your videos seriously moved me and motivated me to wanna do it for the long run not for a quick buck. I’m Anthony Davis and currently a US Army soldier soon to get out and if love to learn some more information of possible sir thank you.

[@Crmjewelers]

Hi Anthony. We plan to release a video on how to run a watch business this year. It should be good!

[@ibrahimmusa2368]

Nice video, I would love to see a video on where you buy your wristwatches. Is it wholesales? Where do you get them from? Do you import?...etc

[@marioperry7781]

I like your attitude, Eric! F these trolls. Your vids are A-1 class! My only complaint? I wish you did MORE vids!

[@Crmjewelers]

Ha Ha thank you. That's a good complaint 😉

[@mr1asvegas784]

In every single video I have watched on KZbin about how a person became wealthy from whatever they were doing, they all start out with an origin story. Poor, middle-class family and then one day I bought a house and a Lamborghini. WTF happened in the middle of the story?! They never tell you how they bought the House/Watch/Lamborghini that got things kicked off. Don't believe me, choose 10 of the top KZbin money-making gurus and watch their story. 9-10 will always skip that part.

[@Crmjewelers]

Thats because people only see the end result. Not all the struggles and determination and long day and long nights that it takes. Then they say. Damn. He lucky. Or he must be Doin something illegal.

[@alangc76]

Channel getting better

[@Crmjewelers]

Thank you Alan 👍

[@SiddhantGoenka.Official]

The only reason I check KZbin 🙌

[@samsmith3968]

Great video. I just subscribed to your chanel. But, I recommend RayBan wayfarer, bro. They look better on you. I know. I have a pair. 😎

[@axterixx]

Hi Eric, am a fan of your videos. Just find your style of reviews direct and clear. Will you do a review of the AP ceramic diver? You mentioned briefly about it in the AP forged carbon diver video but will really like to hear more about it. Thank you!

[@itsleo9096]

Great stuff as always Eric, hard work, passion and dedication is the true formula to success. When you do anything in life that looks easy, you've truly mastered the skill. Inspiring video.

[@Crmjewelers]

Thank you man. Really appreciate your comment.

[@thierrypaquette5478]

cool video man ! love people who appreciate the art of watches and are humble about it really inspiring !!!

[@motogroover2789]

Ive watched a few of these vids now & wondered why are you wearing sun glasses. Then the comment "this is my channel.....& I'd never do business with someone wearing sunglasses." then the serious stare pose. You have class my friend, & you have style. I'd be more than happy to buy a watch from you. Well said, & well done! Cheers groover ;-)

[@VictorNgNgNg]

I think I am good at step number 1 because I can spot any noob or jf or......factory watch in 10 seconds and also thank you for this informative video! I am also good at step number 2,3,4,5 too.

[@Crmjewelers]

Awesome man. Sounds like you're ready then 😉

[@brunoschoelkopf9174]

after the first two minutes, I already felt (again) that you are a very good role model and a person to look up to :-) When I am rich enough, I'll buy a watch from you :-) I once sold a JLC for 16.000,- € on the phone in about 10 minutes at the time I worked for a online retailer, that was my biggest sale till now :-D Eric, when I am big enough I want to make business with you!

[@CuriousGoose]

I know I'm late to the party but where can I find watches at the right price to start a business. I'm in the UK but any advice on where to look wold be great. The places I have looked at already require me to be VAT registered (tax registered), I'm just starting out and can't drive into the deep end, I want to see if this is viable first.

[@Crmjewelers]

You're going to need a certain amount of capital to do this. There's no standard way to start. It's a challenging business because of the low margins.

[@thomasmargolis3313]

There are others that promote their businesses through such a format, and certainly aware of the technical aspects of the business. Frederico, Tim Mosso and others exemplify the most significant part. The intangible but important ... the consumer buys the seller and the product, w/e the product.

[@kc8563]

A sound business model there folks. Eric - you deserve all the success - great work. Keep it coming mate.

[@swordfish00007]

Hi do you have a course on how to buy and sell high end watches? Or do you do private mentoring?

[@IntroduceForex]

Wow, thank you for sharing the story about how you started your business.

[@Crmjewelers]

My pleasure. Thank you for watching.

[@success85474]

Hello there,I want to be like you....I want to sell online and make profit but don't have lot of money to start ,from a very poor background but got motivated when I watch your video....where should I start from and were do I purchase this watches please?

[@ddtddt8493]

always remember that deals are made exclusively when you buy, never expect to do it selling

[@robertopersico3745]

Eric, I’d like to ask you some advice. Do you think I had better buy a Daytona 116515 choco from an AD at 25.5k or a 116505 black dial from a reseller at 30k. Both watches are new and I like both of them. Hope to come and visit you in October. Thanks a lot. Greetings from Italy. Roberto

[@AndrewJaws]

You touched on a lot of points that can be applied to many enthusiast niche markets, very well structured video and tips. Thanks!

[@brokebikemtb4448]

Eric I think you guys down there in Miami have a beautiful boutique and have a plethora of knowledge but let me ask you a question ....why not have a case with Hamilton..and movado and mid tier esq offerings?...it seems as though maybe your missing an entire market share...granted they are no home runs but the small sales could cover the light bill or rent etc?...I dont know I was just curious

[@scotts1409]

Eric, you've proven your Rule #1- product knowledge- by your many informative videos. It gives you so much credibility. Well done- another interesting video.

[@Crmjewelers]

Thank you so much for that Scott. Learning about watches is a never ending part of the watch business.

[@TheRohailsiddiqi]

Eric this Video was badass. Would you mind making a video specifically regarding establishing industry contacts from people that we can buy watches from at good prices to sell at a profit. (#3).

[@fmacdonald7557]

Hi Eric I buy and sale a few Rolex watches......your vlogs are great and I agree with you on every thing be professional all the time even if you don't get a sale. I have had people come back to me for being Frank with them ....watches that don't have certificates or boxes leave alone mind you boxes are easy to source. And then the ones with gems leave them be and secondly if I am out in a ruff neighbourhood and some one comments on my watch I all ways say not band for a copy. Thanks for your vlog my friend....sky

[@mjc6184]

That GT3 is just 👀👀👀👀. Awesome video as always Eric, inspiring story and many congrats on all your success. Next time I’m in Miami, definitely swinging by the store! Keep up the great vids!

[@thepearlatelier4256]

i wish you would make more videos on how you run your successful biz and how you get to be so confident and so good at what you do.

[@suncity22001]

watches i dont like i find i like after a while and watches i like i go off after a while, as i learn more my taste changes , a guy i know who has been into watches for a few years had watches i disliked but after a while i found myself liking them. personal taste changes over time its definitely something one needs to be aware of and the longer your into watches the more you understand why you may like or dislike something.

[@TheFreedef]

Nice Video Eric ! When will you make video about some of them Panerai Watches ?

[@Crmjewelers]

Did you watch one of my older Panerai videos? If you scroll down far enough, you'll see it.

[@TheFreedef]

Yeah i have seen it :) Last one is like year and half old.

[@Crmjewelers]

I know. I need to upgrade 😉

[@is1dre]

#6 Live in Miami! Thanks Eric, as always.

[@Crmjewelers]

Ha Ha thank you Andre.

[@afzalbashir5018]

Impressive person with good Knowledge

[@Crmjewelers]

Thanks for watching

[@Bignewshound60]

I take it back... love the sunglass explanation... this is a very good video.

[@Crmjewelers]

Thank you for watching the sunglasses video and your understanding 😉👍

[@Bignewshound60]

CRM Jewelers no worries. Humbled. Which is unusual for me. You need to do a lot more of these.

[@1979croatia]

I see a lot of passion in what he is doing. It is very contagious and i like this channel

[@bobbysebastian3709]

Good video Eric 👍 A video every seller or retailer should watch

[@Crmjewelers]

Thank you very much Bobby

[@smokinclays1777]

Great video and good advice

[@DuDai67]

EXCELLENT VIDEO !!! FINALLY, exactly what i needed to know man. thanks for sharing. i really know now where to fucking start and what direction to go.

[@Crmjewelers]

Awesome Hans. Grateful to be of service.

[@oB_Session]

So where do you buy watches for wholesale prices? I think this is the main point. Let's say I wanna spend a half a mil on some Pateks, where do I get them? Obviously Patek won't sell to me directly.

[@Null-941]

Success stories are not suitable for everyone. The important thing to extract from these is the mindset and strategy

[@senoina]

I have a question. If you live in a small town and want to start a business with watches, is ebay the best platform to buy them?

[@dappergent9422]

Eric - Loving the Nautilus on the wrist . Showstopper.

[@BY-jc9vw]

I love this guy... platonically. I’m ready to fly to Miami and buy from Eric.

[@Crmjewelers]

Come on down 🌴

[@isoSw1fty]

Thanks for the info. About to jump in, im official. I used to sell heroine before I did my time for it. I think I can sell some watches.

[@Shino2600]

This guy’s place is like an apple store and is straight forward, the other guys in Seybold are like little chop shops and seem so shady. I still can’t afford any of those...yet

[@Leon-nt8me]

Afternoon brother. Just a comment to say man the short video/vlogs your doing are so motivational. I’m in London which is overcrowded and always cold but your videos give me that extra fuel I need! I was in Miami last year for vacation my first time, didn’t have many contacts but had a great time. I’m back in Miami in October for vacation and your videos have helped me keep working for it! Thank you Eric #crmjewelers

[@itsallrobbish]

Leonardo Leon haha, London was not cold in July!

[@Leon-nt8me]

robert bishop I commented in August... But yep we got a nice surprise in July !

[@itsallrobbish]

Leonardo Leon :-)

[@TheDonzerr]

Great advice. Love your channel. One question - and I suppose likely the trade secret, is where do successful grey dealers get their product that they have such great selection at prices often better than AD’s?

[@TrojanMars1]

Great video! Looking forward to hitting y’all up for my next timepiece.

[@Crmjewelers]

Awesome man. We'll take good care of you 👍

[@miguelangelavilesmanrique7850]

I really admire you, this Is something i would love to do in a future, thanks for this much information!

[@Crmjewelers]

My pleasure Miguel. Thank you for the comment.

[@seanvanginkel]

Just wondering how long it took you from first trading till you got your business and how long are in the business now?

[@TsetsiStoyanova]

Guy is suave as a mother

[@LarryKippings]

Great video. What about customer base? For high end Luxury watches do you need to be where ultra wealthy people live, or do they come to you from all over the US? I suppose the internet is not ideally suited to such a transaction. When people are spending significant amounts of money they want "face to face" and special service. Are most of your customers local? I don't know Miami that well as I live in the UK, but I assume there are a lot of people there with significant disposable incomes. Did you choose Miami as a location, or are you just from there?

[@LarryKippings]

Sorry for all the questions......!!

[@Crmjewelers]

No worries, we have followers in over 150 countries. Our customers are mainly international.

[@konradmroczek2496]

UK has got different mentality than Miami or US in general. Can't really compare the watch game here and there.

[@talhamubashir5594]

Trust me bro, a lot of people including me move major volume online.

[@kyunhoon775]

can you do a video about risk of buying vintage pre-owned watch ?

[@Rajazraj1992]

The last one is me and my watch dealer 😂he will always give me that look and say NO DONT and yep I DO IT then end up calling him for help 😂

[@Crmjewelers]

Ha Ha, so true. Sometimes customers don't listen.

[@Rajazraj1992]

CRM Jewelers I’m a watch dealer myself so I feel the frustration on both side 1 when a Client dose not listen and 2 when I am The customer and my watch dealer don’t listen 😂 but hey we all mess up and learn everyday as collectors that’s why we collect for so many years and never stop

[@westjuve]

“It’s my channel” BOOM

[@radmanmancru9239]

Dont worry about those trolls hermano. You do you.

[@Crmjewelers]

Thanks Radman 👍👍

[@farhanchowdhury9520]

I like your hustle. Good video.

[@fredericopereira6444]

Expensive high end products for the rich such as PPs 5980, gold Rolexes and RMs are always hot... people with money are always on the hunt for good deals. If you have the contacts and the right product - like you seem of have - you're alright. But I am well aware that it ain't soft money.

[@yyabdullah8899]

Crm wich watch do you think are better the nautillus 5711 or Royal Oak 15202?

[@GeoH0202]

Eric, what is you opinion on the Watch Trading Academy? Do you think it’s worth the investment to get a better idea of the watch market and be successful?

[@futb2665]

Nice video! Where can I purchase sth. like the picture in the back? Thanks a lot

[@Crmjewelers]

We took that picture many years ago. It's a metallic print.

[@futb2665]

CRM Jewelers Thank you for the quick answer!

[@Crmjewelers]

My pleasure my friend. Anytime.

[@rosybazanm9]

Eric, what do you think about Cuervo y Sobrinos brand?

[@Theman26642]

How'd you get the capital to start your business though? You obviously need a sizeable loan for inventory....for most people that's not going to happen.

[@Crmjewelers]

Little by little I started accumulating my collection

[@Theman26642]

Nice I'm trying to do the same. Have a Rolex Coke and GMT Master II Ceramic. Trying to decide what to get next. Really want an AP.

[@knobexploitmusicelectronic9218]

Any solid tree started as a seed, there are no trees that became big overnight.

[@rickmarsh9079]

Thanks Eric,selling watch’s and making money doesn’t look easy!keep cool , love the shades!

[@Crmjewelers]

Thank you Rick

[@Raufm3]

I like your energy there!

[@georgesukopp5883]

Ecellent video Eric! You know your business! By the way, love your sunglasses... ;-)

[@Crmjewelers]

Thank you and thank you George

[@adenbills7570]

where u got your glasses I want it whats the brand

[@Realmikesambo]

looks like he's doing a drug deal, he keeps looking to the left for the cops!

[@maribelgarcia8552]

Exactly... what’s up with the sunglasses?? 🤦🏼‍♀️🤦🏼‍♀️

[@doggies.will.be.doggies]

Good stuff Eric! Applicable to watches, or any other type of business that your viewers might be thinking about.

[@TheTruthHurts732]

I think you come across as knowledgeable and genuine, regardless of the sunglasses. Fuck the haters.

[@Taipanablack]

Step #1, great advice. And wear your shades, bro.

[@civilgod]

Eric, I called your office today looking to trade/swap a new unworn Rolex Batman with B&P for a used YMII all Stainless. I also wanted to trade my used 2012 Rolex SubC for a DJII. Can you do video on swap trading. Your team members didn’t see this as an opportunity for CRM jewelers to make money. IMHO, I was willing to trade market hot (my watches) items for Market Dogs (less demand YMII and DJII).... the profit is for CRM jewelers to keep. A SubC sells higher and quicker on avg than a two tone DJII. The Batman is in way more demand than a YMII all stainless. If Dealer cost is