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Yesterday, 01:59 AM | #1 |
"TRF" Member
Join Date: Aug 2021
Location: United States
Posts: 672
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Networking with grey dealers
Recently I've been buying/selling some watches and I've found it to be quite enjoyable since I'm an enthusiast at heart and I love helping people get into pieces they've been yearning for. I want to try and grow this little side business but the biggest challenge I'm having is sourcing watches. For someone looking to dive deeper into the world of watch dealing how would you suggest going about establishing connections with grey dealers and gaining access to wholesale watch deals? I've tried MODA and other FB groups but since there's no barrier to entry and anyone can join I've noticed everything on there is priced somewhere in between wholesale and retail. I saw they have a paid group which I believe is called real watch buyers does anyone know if that one is worth the cost? I heard that's where the "true" wholesale deals take place between dealers. How do people new in the industry get into these coveted wholesale dealer chats on WhatsApp, telegram, etc? Appreciate any insight!
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Yesterday, 02:10 AM | #2 |
2024 Pledge Member
Join Date: Jul 2016
Location: The Ice House
Watch: Ingersoll Mickey
Posts: 3,234
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If we knew how to gain access to wholesale watch deals we’d all be getting our Rolexes at wholesale.
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Yesterday, 02:12 AM | #3 |
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Join Date: Aug 2021
Location: United States
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Yesterday, 02:14 AM | #4 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Jun 2015
Real Name: Carlos
Location: NNJ - MDE
Watch: Rolex & Omega
Posts: 3,543
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People that want to get into any sort of business must invest in resources. If you have already found a place that could potentially give you what you're looking for, pay the money to get in and see for yourself.
Additionally, depending on where you are located, you could find a job with a dealer where I am sure you will get insight into the ins and outs. Unless you get really lucky and a well established dealer wants to take you under their wing and mentor you, I doubt you'll get anyone to give up their suppliers or resources. Best of luck!
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Yesterday, 02:16 AM | #5 | |
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Join Date: Aug 2021
Location: United States
Posts: 672
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Quote:
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Yesterday, 02:18 AM | #6 |
2024 Pledge Member
Join Date: Jul 2016
Location: The Ice House
Watch: Ingersoll Mickey
Posts: 3,234
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Yesterday, 02:19 AM | #7 |
"TRF" Member
Join Date: Aug 2021
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Posts: 672
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Yesterday, 02:34 AM | #8 |
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Join Date: Feb 2020
Location: Underground
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Wholesale means buying in bulk. You can negotiate with any dealer, whether on Moda or elsewhere, to reach the wholesale price, but you’ll need to purchase more than one piece. The key is negotiating and finding an incentive that benefits both sides. For the dealer, the incentive will most likely be purchasing a large quantity in one transaction from him or buying pieces that have been difficult for him to sell
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Yesterday, 02:36 AM | #9 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 76,565
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Moda is maybe a place to start. Just be careful to vet the sellers and the buyers
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Yesterday, 02:37 AM | #10 |
"TRF" Member
Join Date: Dec 2021
Location: US
Posts: 2,116
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I would join 1 paid group and see how that works out. The connections you can make might be worth it. With that said, there are so many watch sellers that you might have a tough go but you will never know unless you try. Don't quit the day job...
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Yesterday, 02:39 AM | #11 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Sep 2017
Real Name: Dave
Location: PDX
Posts: 9,543
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Quote:
Maybe PMs to the used watch dealers that sell on TRF regularly would be more effective rather than an open post where the retail watch buyers normally interact. |
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Yesterday, 02:43 AM | #12 |
2024 Pledge Member
Join Date: Jul 2016
Location: The Ice House
Watch: Ingersoll Mickey
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Any wholesale arrangement needs to be reciprocal, either you reciprocate through buying volume as stated above or you reciprocate through the exchange of desirable inventory. I see your conundrum on how to start this cycle.
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