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If you are passionate about chronometers and have interests in vintage as well as new watches, you are best suited for secondhand watch shop business idea. Watches have maintained their popularity and demand for centuries. So, act now and unleash your passion with secondhand watch shop business idea.
THE BUSINESS IDEA
Since watch business is rapidly evolving, it could be an excellent business idea to launch a secondhand watch store. If you have a passion for chronometers, mechanical watches, fashion watches, luxury watches, smart watches, and Italian design watches then secondhand watch shop business is perfect for
you. Because to take your business to the height of success, you need to understand why people want watches and of which type. Since the watch market is large and sustained there are numerous opportunities to run a successful business. A good marketing strategy will surely help to increase your profit.
Most of your target customers will be adults, who love watches and ready to spend money. Moreover, try to target such customers who have flexible incomes and will buy watches to make fashion statements.
- Physical store: You can establish your physical store in popular malls and shopping centers. However, a visible physical store in the watch market of community is also a good option.
- Online Sales: You can boost your sales by launching an online store for trading watches.
- Social Media: You can also run advertising campaigns on social media platforms like Facebook, YouTube, Pinterest, Twitter, etc.
The startup cost of secondhand watch shop business idea will be high because most of the watches are expensive. Moreover, luxury and smartwatches have increased demand. Contact Business Titans to learn more about the potential revenues and costs to run this business.
THE KEY BENEFITS OF THIS PROJECT
- Highly luxurious and challenging business idea to follow your passion.
- Dealing with classy, eloquent and high-end clients.
- Production cost is usually high because you should have a large number of watches for display and trading.
- Huge market potential with smart marketing strategy
Service 1 | Pre-Studies
Start your journey with one of our three Pre-Studies if you are not yet fully sure about your project:
Option1. Project Pre-Study: You have a business idea or consider to import/export a new product, but you need a qualified second opinion? Business Titans checks your business idea or project for you and provides a detailed analysis on the opportunity, its risks, feasibility and profitability.
Option2. Pre-Opening Plan: Do you need to get an overview of the detailed steps to implement your project? Entrepreneurs who wish to have on the operational level a sound overview of the steps they need to take to set up their new venture or product should look also into this option.
Option3. Project Exposé: Do you need a professional presentation to introduce your project to a demanding audience? Successful entrepreneurs understand that the presentation of an idea is as important as the idea itself. The approach Business Titans is applying is to send always an appealing Exposé of the project before sharing further details. Only if there is a vivid interest that you feel among your audience, you should share confidential documents such as Pre-Studies, Business Plans, etc.
Service 2 | Business Planning
Option 1. Business Plan Consulting: You draft the Business Plan with our Guidance, we review and enhance the final version. Business Titans supports you to develop a Business Plan. You draft your own Business Plan with our guidance. A senior member of Business Titans will then finalize your draft with enhancements, research data, adapting the contents and forms according to the expectations of the final recipients, including banks, lending partners, equity partners, landlords, insurers and regulators.
Option 2. Business Plan Outsourcing: In this option, the entire process, including the development of the business model and Business Plan is handled by Business Titans. You will be first interviewed to understand your vision, resources and capacity.The rest will all be done by us and presented to you for the last minor adaptations. This version gets a Business Titans certification to be used for 3 years (as long as there will be no major changes on the Business Plan).
Service 3 | Weekly Coaching
A Business Plan is (and should be) in a constant evolution. The more you get into your business environment, the more you are able to fine-tune it. However, the best Business Plan will not be more than a paper if you do not implement it in a disciplined and consistent way.
- Option 1: Try-Out Session
- Option 2: 2-Weeks Package
- Option 3: 4-Weeks Package
This is why Business Titans has extended its services with a Weekly Coaching dedicated for the step-by-step implementation of the Business Plan that we have developed together.