What if someone on YouTube informed you that selling luxury watches might bring you thousands of dollars every month?
Isn’t it incredible?
What if the guy said you could wear a Rolex, Omega, or Audemars Piguet for a profit and then sell them?
Do you think it’s too good to be true? That’s probably what you’re thinking… after all, that’s why you’re here.
Watch Trading Academy is a course created by Pejman Ghadimi. The program’s goal is to teach you how to build income by reselling watches.
So, is Watch Trading Academy a scam? No, it’s not technically a scam. Some people love it, others hate it, but at the end of the day, it’s not an outright scam. They market themselves as a program complete with video training, and that is what they’re gonna give you.
That being said, for better or worse, it’s just another “how do I make money easily” membership programs, with a lot of inherent risk.
The vast majority of people that implement off the wall programs similar to Watch Trading Academy do not in fact make any significant money.
So while Watch Trading Academy might teach you some of their secret sauce for becoming successful, this business model can be a serious battle, and you can lose a lot of money if you aren’t careful.
I prefer bigger upsides with lesser risks, which is why I recommend using the Digital Rental Method.
What Is Watch Trading Academy?
Pejman Ghadimi’s Watch Trading Academy is a step-by-step method. The course will show you how to buy, sell, and exchange luxury timepieces profitably.
According to Pejman Ghadimi, once inside the course, all you need is $1,500 in cash for your first luxury watch, a phone or laptop to hunt for offers online, and access to the post office for delivery to make thousands of dollars and a return on investment.
Watch Trading Academy is a renamed and upgraded version of his previous course, Watch Conspiracy. The reason behind his rebranding is yet unknown.
His watch-trading method is uncomplicated. He claims that if you buy a $1,000 expensive watch and aim for a 20% profit on resale, you’ll make $200 from only one sale.
Following your initial trade, you will make a second trade for $200, and the money will continue to grow in this manner.
You’d make $1,000 per month if you only traded five times per month. If you can make more than five trades every day, you can’t possibly make only five deals per month.
This business plan has the advantage of being less competitive than others, like affiliate marketing, dropshipping, eCommerce, etc. To make money selling watches, all you have to do now is seek great deals on the internet and hustle.
Another advantage is that Pejman has been trading watches for 15 years and practices what he preaches. We know he is an expert at what he teaches, which adds to his reputation as an online money-making guru in the watch business.
Who Is Pejman Ghadimi?
Pejman Ghadimi is the bestselling author of Third Circle Theory and Radius and a serial entrepreneur.
Over the previous 20 years, Pejman has built several trade businesses, including exotic automobile and luxury watch dealing. He even made money by teaching people how to start and operate a profitable trading business on his websites, Exotic Car Hacks and Watch Trading Academy.
He has mentored over 36,000 people throughout the world through his online classes and mentoring.
Pejman has made his company’s income for 2018 public, which totaled $68 million, to show that what he claims is accurate and not a fraud.
The idea of pricey trading timepieces did not appeal to him at first because he was not a significant fan of watches. However, he noticed a considerable demand for luxury watches, with people willing to pay hundreds of thousands of dollars for them, so he entered the market and began to give what people wanted while making millions for himself.
How Does Watch Trading Work?
Alright, so Watch Trading Academy doesn’t exactly fit into a nice category.
At the end of the day, reselling watches is a… unique way to think about making money.
It’s certainly possible to make money with off the wall businesses like this, but unless you’re interested in taking years out of your life to experiment on an unproven business model, I would look elsewhere.
My #1 personal recommendation if we’re talking about starting a fully-online business has got to be the Lead Generation & Ad Agency business models.
There are a handful of programs that teach you the ropes, but my #1 choice that combines both of those business models into one is the Digital Rental Method program
But, if you’re hard pressed to jump head-first into an off-the-wall business model, let’s continue on to our full breakdown of Watch Trading Academy.
Now we’ll look at what’s inside the course, and I’ll break down each component for a more in-depth look.
Watch Trading Academy is broken down into three sections and contains a few bonuses.
Here’s a rundown of what you’ll receive:
Part One: Market Research
This part shows you how to look for timepieces.
Look at the pricing of luxury watches sold on Ebay’s sold section.
You’ll also learn about several forums where you may get pricing information.
Part Two: Authenticity
The counterfeit watch industry is a large one.
Replica watch buyers account for over 30% of the watch industry; they want to appear wealthy without actually being rich.
As a result, there are a lot of fake watches on the market.
Part Two explains how to avoid getting conned and how to tell whether you’re purchasing an authentic watch.
This includes documents proving the watch’s authenticity and information on how to determine whether or not a vendor is genuine.
Part 3: Selling
There wasn’t much training in this section, which was disappointing.
You’ll learn how to take decent images of the watches and advertise them on eBay, watch forums, and watch marketplaces, among other things.
You’re also told to follow in the footsteps of previous successful watch traders.
Bonus #1: a private Facebook page
With thousands of members, the Facebook group is relatively active.
This is where you may get answers to your questions as a member.
You’ll be able to network and form commercial collaborations as well. Without a doubt, this is the best way to study.
Bonus #2: Demonstrations of Real-Life Replicas
This supplement will teach you to evaluate timepieces for authenticity and avoid buying fakes.
The only problem is that some replicas are so good that even professionals have trouble telling them apart from the real thing.
While there are some red flags that you should be aware of regularly, there are others that you will almost likely never notice.
Bonus #3: Over 250 Case Studies
One of the most enjoyable components of Watch Trading Academy is learning how to trade watches.
You’ll have access to Pejman’s and other members’ real-world case studies on how they make money selling watches.
You can copy what you watch other people do.
Bonus #4: Shoulder-to-Shoulder Negotiation
Pejman is vigorously hunting for and negotiating pricing for a watch in bonus four.
Bonus #5: Most Profitable Watches Cheat Sheet
There are various timepieces to choose from, and you may be unsure which one to choose.
This supplementary cheat sheet will show you the top ten watches to trade and which ones are suitable for beginners.
Can You Make Money With Watch Trading Academy?
Yes, you certainly can! It might be a lucrative side business for a watch collector.
But…
Many people struggle with a lot of things that come with watch trading.
Don’t get the wrong impression…
It’s not impossible to make money with watch trading, but if you’re going to put in the time and effort to learn the ropes (which, trust us, isn’t simple), you may as well make some real money while you’re doing it.
The approach that has helped numerous online businesses grow to over $40,000 per month is so straightforward that producing money becomes second nature.
Is Watch Trading Academy A Scam?
Time for the $1,000,000 question: is Watch Trading Academy actually a scam?
I wouldn’t technically call it a scam, though others might.
It’s technically possible to make money with this program, so in that sense it isn’t a scam.
What I’m saying is: after buying, someone will in fact send you a login to a website where you can actually view their material. No one is riding off into the sunset with your money, leaving you empty handed… technically speaking.
But the second, more important question is: is Watch Trading Academy actually worth the investment?
My honest answer is that for most people out there, probably not.
There are countless other business models that are proven & easily scalable, so why risk it for… not an incredibly huge payoff?
I’d rather a program with thousands of successful students & plenty of room for others to join.
If you’ve followed my blog for long, you know I recommend a few different programs depending upon your skills & goals.
My current top choice is using the Digital Rental Method, because you have a proven, systematic path to 6-figures, and you can do it from anywhere you want.
I’ve got friends in there that are posting deals from the middle of the woods in a camper-van with their pet pig… which is kinda cool.
Is Watch Trading Academy Legitimate?
The company Watch Trading Academy is legitimate. You can start watching trade with the data and information provided here.
When it comes to starting a business, though, you have a lot of possibilities.
Even if you’re dead set on being a watch trader, there are, in my opinion, many better options than Watch Trading Academy.
Remember that none of the programs I review are paid to promote them. I think watch trading is a fantastic business idea, but you might be leaving a lot of money on the table.
What Is My Top Recommendation For Making Money In 2024?
Alright, time for me to get real with my lovely readers for a moment:
I’ve personally tried all of the major online business models:
- I’ve sold fidget spinners through Amazon FBA
- I’ve drop-shipped a toilet-bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
Read Our In Depth Breakdown Of The Top 5 OtherOpp Courses For 2024
THAT BEING SAID: I would at least recommend you implement something that is tried and true, because I’ve seen TOO MANY people (including friends and family) get burned by stuff like Watch Trading Academy.
They come out of left field with some random idea, make it seem attractive, and then make themselves a quick buck by luring in unsuspecting people.
I’m not saying Watch Trading Academy itself is a piece of trash, I’m just saying you need to be very, very careful.
This is a big reason why I only recommend proven, tried and true business models, like Lead Generation & Ad Agencies.
There are a bunch of programs out there that teach you those skills, but my top choice is the Digital Rental Method program.
Why? It has proven leaders with their own 7-figure businesses implementing exactly what they teach you.
I’ve also got over a dozen personal friends in there, so I feel comfortable telling you it works.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, their program works.
Here’s Why:
1)Time: If you’ve got a spare hour-or-two each day, you can do this. If you want to drop everything and go all-in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring (for the most part).
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
2)Big Margins: With most businesses, you’re often going to have really slim margins. That means you need to hit a serious scale to make serious money.
using the Digital Rental Method, your profit margin is nearly 100%. Watch here to learn how.
Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases, and the effort put into creating the next property decreases.
Best case scenario, you have properties bringing in over $3,000+/mo on “auto-pilot”.
3)It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income with reselling watches, you would need a ton of money up front to buy the watches in the first place. And I can guarantee you, that’s a lot harder than a few clicks & a phone call.
4)You’re Helping REAL People: My biggest gripe with reselling is that you’re basically only helping yourself.
But With the Digital Rental Method, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If we can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put FOOD on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at other off the wall business models like reselling and maybe hit it big one day.
You could keep researching and researching for the next few months (or few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people that need it.
If this sounds like you, click here to see how it all works.
