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.
01 Startup Financing
Business Titans will help you to choose the best-matching financing method to your situation and to prepare you to get a good deal with the right partner. Speak to us about your idea and situation and get a free proposal how Business Titans could help you. Below is a preview of few possible financial solutions for your business project.
1. Bootstrapping: The right and wrong ways to set up your Startup with your own money.
2. Equity Partner: Money from equity partners can be good or bad for your project
3. Bank Loan: Be prepared for the tough due diligence checks of the banks. Get help for Due Diligence and KYC.
4. Friends and Family Loan: A sensitive topic with many attention points.
02 Business Planning
Business Planning is a continuous process of assumptions, risk assessments and revisions. It is not about the Business Plan but about the thinking process while you are setting up a new venture. Any serious business partner will challenge your assumptions and assessments. With Business Titans you get a diversified and professional sparring partner to brainstorm and starburst your business model until it is waterproof.
We help you to get the documentation you need in the right step with the right quality and format. Equiped with Business Titans certified documents, you will stand off in any forum.
03 Weekly Coaching
When the financing step is done and your business documentation is complete, it's time for action. A Senior Consultant will be accompanying you in a weekly personal coaching session through the milestones of your business. Your Consultant will check for examples and inspirations that match your unique situation. You will be supported with a personalized feedback to every aspect of your company: Legal setup, marketing plan, budget management, business development steps, sales pipelines, recruitment needs, product development, etc.
Business Titans will push you to achieve your milestones, stay in-line with your Business Plan and make you aware when and why a revision is required.
Check Out our New Starter Kit!
Strategy Roadmap - Your compass during the startup phase (6 pages pdf)
- Tools of Business - A collection of 80+ tools for any entrepreneurial situation based on 6 years of trial-error experience and lessons learned (14 pages pdf)
- Smart CEO Guide - Ways to raise efficiency and stay focused on the Strategy Roadmap (15 pages pdf)
- Social Media Marketing - A checklist with industry-standard best practices on social media (3 pages pdf)
- Customer Journey Stations - A one-pager exercise guiding you through the critical moments of dealing with customers (1 page pdf)
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