Today we will be reviewing an online course known as Watch Trading Academy. Is Watch Trading Academy legit? Find out in this Watch Trading Academy review.
Here you are, thinking of ways to make more money. The pandemic has slowed down quite a lot of industries from functioning, while online businesses and online side hustles are thriving.
I am sure that the reason why you found this course is because you are perusing over different side hustles you can try out. Luckily for you, I did the research so you can be assured that this review is comprehensive.
In order to deal with these uncertain times, people like you just want to have a financially-secure future. I cannot blame you, though. Even I want that for my family.
This pandemic era sure is showing no signs of slowing down. Sure, some restrictions have already been lifted, but the world is not the same is before.
Many people lost their jobs, while some were forced to accept pay cuts. It is a sad world we live in right now, where the rich get richer and the poor get poorer.
With that in mind, you might be thinking that this business model could maybe work for you. Well, I will also tell you about how the business works, so make sure that you read the review until the end.
Before you decide to pay for this course, you should read this Watch Trading Academy review first. You should check if it is worth the time and money before you decide to commit to it.
DISCLAIMER: This is a fully independent review. I’m not affiliated with Watch Trading Academy in any way or form whatsoever.
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What is Watch Trading Academy?
Watch Trading Academy is an online course which will teach you all about the flipping watches to make money. It is a course created by Pejman Ghadimi.
However, this business model will not really work for most people, as the watches I am talking about are of luxury brands, like Rolex. Not everyone could afford that.
If you have money to spare though, then I can see why you would want to build a business based on this model. After all, you can actually make money by flipping watches.
Well, actually, you can make money flipping anything, as long as you know how it works.
Watch Trading Academy Overview
The course has three main parts. It also includes a few bonuses.
Let me discuss what is included in your purchase in more detail.
Part 1: Market Research
This section will teach you about how to properly search for good watches. To be fair, it is more than just using a search engine.
What you need to do is to visit eBay, peruse the Sold section, and examine the prices of the luxury watches that have been sold. This way, you will have an idea as to the average prices of watches.
It will also give you some insight as to how pricing works in this business model.
Aside from eBay, you can also look at various forums which discuss watches. You can ask around and interact with forum members as to get some primary sources of information from watch enthusiasts.
Part 2: Authenticity
This is one of the major concerns when it comes to flipping watches. Counterfeits are everywhere.
In fact, the reason why the counterfeit watch industry is doing so well is because there are a lot of people in the world who are looking for replicas of luxury watches.
Basically, they cannot afford the real ones, so they opt for counterfeits. They want to look rich.
This section will also teach you some good skills: how to not get scammed, and how to spot a fake watch from a legitimate one.
There are quite a lot of factors being talked about in this section, so I think this is the most important one.
Part 3: Selling
This part will not really train you as to how you can start your business. It is more of pointing out the obvious.
Here, you will be taught things like how to take good pictures of your products, and where to post the watches you want to sell, like eBay or forums that discuss luxury watches.
What’s disappointing about this part is that it won’t teach you some special strategy. It basically just tells you to do what other sellers do.
This part should’ve focused on how you can stand out against other sellers. It could have been done better.
Bonus 1: Private Facebook Page
Along with the training modules, you get access to the Facebook group. This group is pretty active, and there, you can meet fellow members who are after the same goals as you are.
You can start discussions or post questions there, and someone will definitely answer.
I think the main purpose of this group is to connect fellow flippers to each other in order to foster friendships and build relationships. This is a good, as learning with others is better for some people.
Bonus 2: Real Life Replica Examples Demonstration
This will give you a better understanding as to how you can check the authenticity of the watches you are selling.
However, some counterfeits have become really good at making their products look legitimate, which could be hard to spot by newbie traders.
I think you can learn the common defects which could separate fake watches from real ones, but you may miss some minor details. Either way, it will be all on your end to research properly before investing in a watch that might be fake.
Bonus 3: 250+ Case Studies
This will tell you all about how people make money from flipping watches, which is told using case studies.
You can use this to learn new tactics, especially as a newbie. You can also copy the strategies and try to see which one would work for you.
Bonus 4: Watch Over The Shoulder Negotiation
You can see Pejman looking for watches and negotiating the price in this bonus. You get the experience of seeing him work firsthand, which is quite advantageous for you as a newbie seller.
Bonus 5: Most Profitable Watches Cheat Sheet
There are simply way too many watches in the market for you to choose from. Of course there is no way for you to check them all out, as that is very time-consuming.
This cheat sheet will show you the top watches you can profit from, and which ones are the best watches to trade as a beginner in the business.
Pricing
This course will cost you a whopping $997.
To be honest, some parts of the course actually made sense, but the problem is most of it is just composed of knowledge that is pretty much common sense, especially to people who have experience in selling before.
Some of the things included in the training are pretty basic too, and like I always say, there are a lot of free resources in the internet which could teach you the basics of literally anything.
The problem with the pricing is that it is not affordable, especially to people who just want to give this business a try. I am sure that most of them would prefer not to put this much money in training immediately, as they are not sure yet.
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Who is Pejman Ghadimi?
Pejman Ghadimi is an internet marketer. To me though, he seems like the type that I would not trust with my money.
The reason why I do not trust him is because of how he markets internet marketing. It sounds so unrealistic, and not doable for most people.
Well, he is right about some points. Some people can make millions, but most do not.
Since I am well-aware of how internet marketing works, I know of some people who made it their full-time career. Indeed, they are making good money from it.
But not a lot of marketers can afford luxury items like cars, just like what this guy always shows around.
I also would like to remind you that I think majority of Pejman’s income came from selling courses. One of his courses is already reviewed on this site, and it is called Exotic Car Hacks.
It seems like he makes good money from teaching people how to make money. I am not sure how much he makes outside of selling courses, though. Probably not as much.
Is Pejman Ghadimi Legit?
I think it depends on your perspective.
It seems like Pejman is indeed making a lot of money, but I think you should ask yourself this before trusting him completely: Where does his fortune come from? Is it from selling watches, or selling this course?
Another problem I have with this guy is the way he flaunts his wealth in order to market his courses. I mean, it is quite inspiring to see someone this successful, but I do not think that some people are aware that making millions with any business in general is not that easy.
The reason why a lot of people fail with their ventures is because they always think that success is an easy thing to achieve. Well, it isn’t. Do not expect to be successful just because you know how to run your business.
Sometimes, success is more of based on luck. Other times, success is achieved from dedicating a lot of time and effort. Your mentality should be focused on working hard, as that is what it is always about.
Feel free to check out my other reviews on other courses:
Why I Don’t Recommend Flipping Watches
I’m pretty sure that the reason why you found this business model in the first place is because you want a way to supplement your income.
High Capital Needed to Start
Well, I’d like to tell you right now that this will not work for you if you do not have enough capital to invest in it. Luxury watches are not cheap things. In order to start, you probably need around $10,000.
Yes, you can make money with this venture, but it is simply not possible for you to make as much money if you can only afford one watch that is not even in demand.
I actually found a video which could give you an insight as to how much you can make every month flipping watches.
If you want to start flipping Rolex watches, then do not expect to buy one at less than a thousand dollars. The minimum amount you should look forward to spending is $5,000.
Like what the video said, if you are looking to make more than a thousand dollars per transaction, you should stick to watches costing $5,000 and above.
This means that before you can even making your goal of $10,000 per month, you would need to invest around $50,000 to buy 10 watches. That is only as estimation, though.
Income Not Guaranteed
I am pretty sure that you do not have that amount of money lying around right now, so the price point you should look at are the $2,000 watches.
However, remember that the cheaper the watch, the lower earnings you get. Do not expect to make a thousand dollars with a $2,000 watch, as that is simply not plausible.
Another thing you should consider is the authenticity of the products you will be investing in. One mistake will amount to thousands of dollars down the drain. No one wants a fake watch.
There is also the possibility that you would not make as much money as you expected. This business model simply isn’t newbie-friendly, which is why I do not recommend it.
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What I Like in Watch Trading Academy
Income Potential
There is definitely some potential here, according to my research. I think you can take advantage of this business model if you are a watch collector, or simply love watches in general.
You can use your prior knowledge to your advantage, too.
What I Dislike in Watch Trading Academy
High Capital Required
Before you can even start selling, you need to buy some inventory. And inventory is not cheap. It costs thousands of dollars, and being able to afford that meant that you need to have the money beforehand.
Expensive Course
The $997 will turn off almost everyone, as the reason why people are looking for side hustles is to make some money. They simply do not have this much money to spare in a course that would only teach some basic knowledge.
There are various other courses offered for a cheaper price. The internet can also provide you with free resources to teach you the basics. No need to spend $997 right away.
Final Verdict – Watch Trading Academy
Before I end this Watch Trading Academy review, I would like to share a few more insights that could help you.
Now that you know how watch flipping works, I think that you are now ready to make a decision. I gave you the necessary knowledge in this Watch Trading Academy review, so now it is time for you to do your part.
I do not think that watch flipping is a good side hustle, especially for people who have no experiencing with selling. It is simply impractical, since you need to invest thousands of dollars into this.
It will also take you some time to get a sale, especially if the watch you are offering is not in demand. You are not guaranteed any income here.
Also, you have quite a lot of competitors who have years of experience. You cannot simply stand out from them as a newbie. Building a reputation also takes time.
Before you can even start getting into the business, you need to learn a lot of things. This business is not only about selling watches. You have to consider a lot of factors.
It is simply way too time-consuming to even be considered as a side hustle. If you are working a full-time time job, I think it is impractical to start a business of this scale.
If you ask me, I think what you need is a side hustle that you can do in your spare time. Remember that you should also rest too to avoid burnout.
Hopefully I was able to answer your concerns in this Watch Trading Academy review.
Fortunately, I know of a side hustle that would not be taking a lot of your time. It is easy to learn, and there are a lot of people already doing it and making money. You can learn more about this in the next section.
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