Pejman Ghadimi

So we're also trained to think watches because they're exclusive and sold in boutiques are generally expensive. When you walk in a mall, you'll see a Hublot boutique and you'll see like a $20,000 watch. And you'll be like, wow, I got to work my way up to owning a $20,000 watch. What people don't know is that that Hublot is actually a $4,000 watch. Whoa. Exactly. $4,000 sold then for $20,000.

So even if there's a discount, it sells you for like 18, you think you've got a great deal of 16. But the real worth of that watch on the secondary market is four to five grand.

So even if there's a discount, it sells you for like 18, you think you've got a great deal of 16. But the real worth of that watch on the secondary market is four to five grand.

So could you technically find that watch on the secondary market for four to five grand if I told you where to get it, how to negotiate it, and then turn around and sell it for seven to eight grand to another guy that thought paying 20 grand was the easy way out?

So could you technically find that watch on the secondary market for four to five grand if I told you where to get it, how to negotiate it, and then turn around and sell it for seven to eight grand to another guy that thought paying 20 grand was the easy way out?

It's basic arbitrage, right? But knowing which watches to buy, how to actually negotiate them down to the right price, and knowing which ones actually stay strong in value. So even if you can't sell it for six months, the value doesn't really go anywhere, is the key to learning how to make money with watches. And it's something that we have students doing this part-time.

It's basic arbitrage, right? But knowing which watches to buy, how to actually negotiate them down to the right price, and knowing which ones actually stay strong in value. So even if you can't sell it for six months, the value doesn't really go anywhere, is the key to learning how to make money with watches. And it's something that we have students doing this part-time.

They're making $10,000 a month. We have other students doing this full-time, making $3 million a year doing it. Amazing. Yeah, and they don't have any watch knowledge, but they just understand which models to go after and what to do with it.

They're making $10,000 a month. We have other students doing this full-time, making $3 million a year doing it. Amazing. Yeah, and they don't have any watch knowledge, but they just understand which models to go after and what to do with it.

I've seen you wear this for a long time. You've had this for a really long time.

I've seen you wear this for a long time. You've had this for a really long time.

Huge, right? Especially on diamonds. Exactly. Yeah, exactly. I mean, the diamond market has taken a tank recently because of all the fake diamonds, the lab-grown diamonds, not the fake ones.

Huge, right? Especially on diamonds. Exactly. Yeah, exactly. I mean, the diamond market has taken a tank recently because of all the fake diamonds, the lab-grown diamonds, not the fake ones.

And it's the same thing with watches. And a lot of people don't realize that. Like even major manufacturer of watches, their costs on the inventory they're selling to the boutiques, like Cartier watches are 30 cents on the dollar.

And it's the same thing with watches. And a lot of people don't realize that. Like even major manufacturer of watches, their costs on the inventory they're selling to the boutiques, like Cartier watches are 30 cents on the dollar.

But people, how many people go in and buy Cartier watches for their wives, for their girlfriends, whatever. And they think they're like, oh my God, like I got a great deal. I got 10% off on a new watch. That watch that was 10 grand of Cartier, 30 grand of Cartier only cost 30 cents for that manufacturer. Then they sold it to the store to 50 cents and the store made 50 cents in margin.

But people, how many people go in and buy Cartier watches for their wives, for their girlfriends, whatever. And they think they're like, oh my God, like I got a great deal. I got 10% off on a new watch. That watch that was 10 grand of Cartier, 30 grand of Cartier only cost 30 cents for that manufacturer. Then they sold it to the store to 50 cents and the store made 50 cents in margin.

So that's what they make their money plus tax, whatever. But when they're on the used market, they cost less than 50 cents on dollar. So, and they're brand new. So there's just like leftover and there's not sold at the store. And a lot of people think, well, what if I buy it from a third party and it's not real or it's fake, but it doesn't work that way anymore.

So that's what they make their money plus tax, whatever. But when they're on the used market, they cost less than 50 cents on dollar. So, and they're brand new. So there's just like leftover and there's not sold at the store. And a lot of people think, well, what if I buy it from a third party and it's not real or it's fake, but it doesn't work that way anymore.

There's so many authorized and really reliable jewelers in the world that are selling secondary watches and they're real and they're not like issue. They have the same paperwork, the same warranties, the same everything. And they're just sold at 50 cents on dollar.