How to make money selling watches February 04 2015
Watches, especially designer watches, are a huge industry in South Africa. Just a quick browse through any shopping centre or online shopping mall will show you how competitive this industry is. With new, feature-filled watches launching every day and a rising price tag on classic, collector’s items, it comes as no surprise that many entrepreneurs are trying to claim their piece of this industry pie.
So, what does it take to start making money from buying watches? Firstly, you need to find a supplier. As we mentioned in a previous post (where-to-find-men-s-watches-in-south-africa), the chances of an individual buyer being able to buy bulk designer watches directly from a watch manufacturer is nil. Manufacturers already have selling agreements with retail chains and aren’t really open to selling directly to small suppliers.
Another option is buying watches from China. This, however, comes with a number of challenges and risks. Firstly, it’s not always easy to find a reliable supplier in China. Navigating Chinese supplier websites can be difficult and they don’t always accept our payment methods. Secondly, you will need to buy in bulk, so not only do you need a lot of cash on hand but you need to make sure you’re going to be able to sell all your watches in order to make money. Thirdly, your shipment could get searched and you will probably end up paying import taxes on your products.
Another viable solution is buying high quality men’s watches at a discount price from ZARmall. All of our products are available at our offices and we can courier them anywhere in South Africa. The best part of buying your watches from us is that you can choose to buy a single watch or in bulk (we can even post the watch directly to your buyer for you, giving you a risk-free way to make money).
Browse our range of men’s watches now: