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Time Factors Watches



TZ-UK Fundraiser
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Thread: Coming out post...

  1. #1

    Coming out post...

    Been thinking on this the last month or two as my position with watches has changed but I certainly donít spend anywhere near the time I used to on the forum. For many reasons; work, family, Instagram, this ongoing Rolex nonsense 😊


    Having said that I have met a lot of good people over the years, in person but mainly online and wanted to be open about my new business activity.


    I am predominantly a retailer in the garden industry and also have a cafť and restaurant and that hasnít changed, its still my full-time occupation and main income.


    In February of this year we were in our second lockdown where I live and given my long time obsession with watches (that has literally cost me a fortune!) I thought I would put my knowledge and passion to some use and went about starting an online watch business. I predominantly source watches, vintage and some pre owned. I generally wholesale watches to other small dealers but have a small website and recently started a new YouTube channel.


    Why am I saying this here? Because I have used sales corner over the years and I donít want there to be a mis understanding. I will only use sales corner for my personal watches, not for business use. I havenít bought any watches off sales corner in years (from memory). I know Eddie does generously allow dealers with a 10% donation to the fundraiser but my margins are super low at 5-7% so it doesnít work for someone like me. Also, at some point someone may recognise me online! 😊


    This isnít intended to be a plug, its just a hobby business for me as a passion, if it continues to work then great. If not I have plenty to keep me busy already.


    Any continued use of the forum will always be for personal use.


    Cheers


    James

  2. #2
    Grand Master number2's Avatar
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  3. #3
    Master Papa Hotel's Avatar
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    Thank God, I thought this was going to be a post about enjoying Invicta watches.

  4. #4
    Master jukeboxs's Avatar
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    Coming out post...

    Quote Originally Posted by Papa Hotel View Post
    Thank God, I thought this was going to be a post about enjoying Invicta watches.
    Or Bremont ÖÖ

    Good luck with your new watch venture, OP.

  5. #5
    Master Dr Wolff's Avatar
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    And would you be able to tell us the details of your online business, (perhaps by PM rather than openly on the forum)?

  6. #6
    Master
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    After reading the title I thought this was going to be about something completely different

  7. #7
    Grand Master Neil.C's Avatar
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    "Coming out" had an entirely different connotation to me.
    Cheers,
    Neil.

    My Speedmaster website:

    http://www.freewebs.com/neil271052

  8. #8
    Craftsman scucivolo's Avatar
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    Quote Originally Posted by Dr Wolff View Post
    And would you be able to tell us the details of your online business, (perhaps by PM rather than openly on the forum)?
    +1


    Best Regards
    Claudio

  9. #9
    Quote Originally Posted by Papa Hotel View Post
    Thank God, I thought this was going to be a post about enjoying Invicta watches.
    I guess I shouldnít start that thread then ÖÖ.

  10. #10
    Quote Originally Posted by Dr Wolff View Post
    And would you be able to tell us the details of your online business, (perhaps by PM rather than openly on the forum)?
    Sent you a PM

    Cheers

    James

  11. #11
    Master
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    Never transacted with you but your deals always seem very fair and transparent, just as you are with this post on here. Good luck in your venture.

  12. #12
    Master
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    Well done on using lockdown to re appraise what you want to do , and good luck in your new venture.

    Steve

  13. #13
    Master TheGent's Avatar
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    All the best with the new business venture!


    Sent from my iPhone using Tapatalk

  14. #14
    Grand Master Onelasttime's Avatar
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    Quote Originally Posted by Papa Hotel View Post
    Thank God, I thought this was going to be a post about enjoying Invicta watches.
    Ye gods


  15. #15
    Good luck James

  16. #16
    Good luck, make work play and youíll never work another day.

  17. #17
    Master murkeywaters's Avatar
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    Margins of 5-7%, is this why auction house watches are selling for extremely high prices?

  18. #18
    Grand Master oldoakknives's Avatar
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    Nice to be straight up about it. Good luck, hope it works out for you.
    ďThe more I learn about people, the more I like my dog.Ē

  19. #19
    Journeyman DibbleCorse's Avatar
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    Good luck, I've had a couple from you, pm me you new venture details too please.

  20. #20
    Master
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    Fair play.

    For the record, Iíve dealt with James - twice if memory serves - and both times, it was seamless. I would have no hesitation in dealing with him again in either a private or business setting.

    Good luck with the new venture.

  21. #21
    Quote Originally Posted by murkeywaters View Post
    Margins of 5-7%, is this why auction house watches are selling for extremely high prices?
    Im not sure of auction house margins, given the premiums they add Iím sure they make a few quid.

    Most grey dealers have margins of about 10%.

    Authorised dealers margins are in the territory of 30% to 40%.


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  22. #22
    Thanks for all the messages, appreciated.


    Sent from my iPhone using Tapatalk

  23. #23
    Grand Master MartynJC (UK)'s Avatar
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    Quote Originally Posted by catflem View Post
    After reading the title I thought this was going to be about something completely different
    same here! I donít know if we need a dedicated separate thread for that though.

    "Time is an illusion, lunchtime doubly soĒ. HHGTTG


  24. #24
    Grand Master wileeeeeey's Avatar
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    Best of luck in the venture James.

  25. #25
    Nice one and good luck with the venture.

  26. #26
    Grand Master snowman's Avatar
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    Quote Originally Posted by Neil.C View Post
    "Coming out" had an entirely different connotation to me.
    Me too, I was definitely thinking Cartier.

    M

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  27. #27
    Master
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    Would there be any harm in posting the details here? If so, can you PM me too, James?

  28. #28
    Quote Originally Posted by demonloop View Post
    Would there be any harm in posting the details here? If so, can you PM me too, James?
    I don't see any harm in telling us openly about the business.

    A long standing forum member is declaring that he's opening a business as a watch trader, so we know how he's using sales corner, and we're asking for more info. That's very different to someone joining up just to plug their business.

    I collect vintage watches, rarely am I interested in modern stuff. So I'd be interested to know of a retailer that I can trust isn't creating frankens for a quick buck.
    Good luck with your venture.

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