How to start business of luxury watches and jewelry?
Like Tree24Likes

Thread: How to start business of luxury watches and jewelry?

Page 1 of 3 1 2 3 LastLast
Results 1 to 10 of 28
  1. #1
    Member
    Join Date
    Jun 2014
    Posts
    7

    How to start business of luxury watches and jewelry?

    Hi everyone,
    recently I started thinking about my future and I asked myself a question "what I am going to do with my future?"
    Then I saw this guy- https://www.linkedin.com/pub/michael...oni/64/948/6b4.
    His name Michael Louis he is only 22 years old and already have a big company of luxury things (watches, jewelry, wallets and more).
    I realized that I want to be like him!. But I don't know how to start a business like this :< , I have to learn something in a university or I just need a lot of money for start business like this?

    Thanks in advance :)

    By the way- sorry about my English...
    Last edited by BeLarge; August 2nd, 2014 at 12:30.

  2. #2
    Member
    Join Date
    Feb 2006
    Location
    San Jose, California-USA
    Posts
    36,970

    Re: How to start business of luxury watches and jewelry?

    Aim somewhere else.

  3. #3
    Member
    Join Date
    Jun 2014
    Posts
    7

    Re: How to start business of luxury watches and jewelry?

    Quote Originally Posted by Watchbreath View Post
    Aim somewhere else.
    Why?

  4. Remove Advertisements
    WatchUSeek.com
    Advertisements
     

  5. #4
    Member
    Join Date
    Jul 2012
    Location
    Japan
    Posts
    2,492

    Re: How to start business of luxury watches and jewelry?

    In luxury industry, reputation is everything.

    My advice is to get a job in the field (seller at some jewellery shop) to build up a network of clients. Meanwhile you can also try to setup an ebay account and buy/sell products over internet. Would be good to also setup your own luxury store webpage (outside ebay). Start small and cheap with Chinese watches, cut intermediaries for supply and try to sell in person (meet the clients in person if possible). As you build up profit, knowledge, experience and reputation, you can move up-market.

    Another option, could be to follow some horology course (you may need to move to Switzerland for a while), become a master watchmaker and create some amazing watches. Still, even if you specialise on watchmaking, you should not forget the marketing and selling part.

    Just be aware that luxury industry follows the Wall St closely - it thrives during bull market and starves otherwise.

  6. #5
    Member little big feather's Avatar
    Join Date
    Mar 2013
    Location
    U.S.A.
    Posts
    10,871

    Re: How to start business of luxury watches and jewelry?

    This guy you linked to....he knows people. How he knows them, that's unclear, but he has contacts, that's pretty obvious.
    Any watches posted may be seen as gifts,borrowed or found property and not as personal property of Little Big Feather.

  7. #6
    Member
    Join Date
    Jun 2014
    Posts
    7

    Re: How to start business of luxury watches and jewelry?

    Quote Originally Posted by Orex View Post
    In luxury industry, reputation is everything.

    My advice is to get a job in the field (seller at some jewellery shop) to build up a network of clients. Meanwhile you can also try to setup an ebay account and buy/sell products over internet. Would be good to also setup your own luxury store webpage (outside ebay). Start small and cheap with Chinese watches, cut intermediaries for supply and try to sell in person (meet the clients in person if possible). As you build up profit, knowledge, experience and reputation, you can move up-market.

    Another option, could be to follow some horology course (you may need to move to Switzerland for a while), become a master watchmaker and create some amazing watches. Still, even if you specialise on watchmaking, you should not forget the marketing and selling part.

    Just be aware that luxury industry follows the Wall St closely - it thrives during bull market and starves otherwise.
    I'm from israel, the luxury watches is not popular here, so what i have to do?

    Quote Originally Posted by little big feather View Post
    This guy you linked to....he knows people. How he knows them, that's unclear, but he has contacts, that's pretty obvious.
    But he only 22 years old, how he got this contacts ?

  8. #7
    Member
    Join Date
    Apr 2013
    Location
    KL, Malaysia
    Posts
    6,127

    Re: How to start business of luxury watches and jewelry?

    ^^$ helps :)


  9. #8
    Sponsor watchvaultnyc's Avatar
    Join Date
    Jun 2014
    Location
    New York & San Diego
    Posts
    10,882

    Re: How to start business of luxury watches and jewelry?

    First of all, read the linked-in profile better.

    - he obviously works for his family as a photographer. Worked at the 2nd job as owner manager for a store with his last name for 6 year and he is 22 years old? So if it were his own business he would have owned it at 15 years old?
    - connections. It could be his friends, cowerkers or his customers. And everyone has 300+ friends on FB on average.
    - you can see it in all his projects, he lends jewelry for photoshoots. These are what are called "X-deals", I lend you jewelry, you mention my name. No $$$ are actually transacted. The likely scenario here is that he lends jewelry the family business owns so he can get his photography gigs.
    - you think the Rolls Royce on the picture is actually his? If he isn't leaning against the car, or inside it, he is just taking a tourist photo. It's likely a car from someone he was taking a photoshoot for.

    As for starting a business, do not copy someones business out of envy for the person or his success. Turn what you already want to do into something that makes you money, so you never feel like you're working.
    Last edited by watchvaultnyc; August 2nd, 2014 at 13:51.

  10. #9
    Member geoffbot's Avatar
    Join Date
    Mar 2011
    Location
    Brighton, UK
    Posts
    17,054

    Re: How to start business of luxury watches and jewelry?

    How to get $1m in your bank working in the watch industry? Start with $2m.
    Tyke, Dgf, Toothbras and 10 others like this.

  11. #10
    Member
    Join Date
    Jun 2010
    Posts
    2,579

    Re: How to start business of luxury watches and jewelry?

    Investors with deep pockets, a strong marketing team, a theme/backstory for your products and lastly, knowing what "in-house" means.
    geoffbot and Der Amf like this.

Page 1 of 3 1 2 3 LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •