How to sell a watch
I posted this five days ago but go no reactions or responses so I'm thinking it was because I posted it too late at night and no one saw it. Trying again!
While on watchuseek and Reddit I’ve noticed there are watch collectors who have sold hundreds of watches there, where there is no commission or fees to be paid. eBay charges something like 20% of a transaction. I’ve sold two watches on chrono24 and they took around 6%. Thinking long term, I know I will be selling plenty of watches; I sometimes like to get a watch for a few months, enjoy it, and then swap it for something else. If I sell on chrono24 I will probably lose money over time due to the commission, whereas selling on watchuseek or Reddit I think I’ll be able to get back what I paid (as long as I remain disciplined), making my hobby around break even. Is there someone here on WC who knows how to get going selling on watchuseek or Reddit? How do you 1) sell the first few watches when you don’t have references to point to (to establish trust in the buyer, which chrono24 and eBay provide through their escrow service), and 2) what are the mechanics of selling? I’ve seen things like “bump” and other esoteric actions it appears you have to take during the sale process. I have no idea. If anyone can either provide or point me to a comprehensive “how to” guide, I’d certainly appreciate it, and I’m sure it would serve as an invaluable resource to the WatchCrunch community! Thanks in advance! 💪
I came to WatchCrunch because I heard it was the friendliest/most constructive of the forums. Husband, father, investor.
Crazy piece
I don't know buying and selling on those platforms but the word "bump" just means that they've reposted the sale listing (or whatever post you are seeing) so that more people will see it... kind of like this post, lol!
I don't know buying and selling on those platforms but the word "bump" just means that they've reposted the sale listing (or whatever post you are seeing) so that more people will see it... kind of like this post, lol!
Thank you, very helpful!
You'd better start contributing intelligently to the conversations at WUS before thinking of selling on their platform. That's how people generally get a feel for you if you don't have any references to supply...
I know transaction fees suck, but especially for higher end stuff, id personally go eBay or Chrono24.
Better protection when stuff goes awry. Still not flawless, but better than nothing. YMMV.
I know transaction fees suck, but especially for higher end stuff, id personally go eBay or Chrono24.
Better protection when stuff goes awry. Still not flawless, but better than nothing. YMMV.
I feel that eBay favors the buyer over the seller. Aside from having to pay close to 20% of the purchase price in fees, the seller has to ensure that the description and pictures are minutely accurate is STILL liable should the buyer report ANYTHING they may think is wrong with the watch. Too much stress and hassle to deal with that nonsense, so I'm not going that route ever again. That's good news if you're a buyer, but sucks to sell on that platform. Best to maintain great feedback/reputation and sell on Reddit and WUS where your audience is much more knowledgeable.
I feel that eBay favors the buyer over the seller. Aside from having to pay close to 20% of the purchase price in fees, the seller has to ensure that the description and pictures are minutely accurate is STILL liable should the buyer report ANYTHING they may think is wrong with the watch. Too much stress and hassle to deal with that nonsense, so I'm not going that route ever again. That's good news if you're a buyer, but sucks to sell on that platform. Best to maintain great feedback/reputation and sell on Reddit and WUS where your audience is much more knowledgeable.
Haven't had that many issues yet, but then again I'm almost brutally honest and have no minimum, start at like $25 if I use it.
Mostly sold GoRuck items, and leather boots, some various odds and ends, etc.