The business of selling wrist watches is a lucrative business to do as it also has the potential of a high growth rate especially when expanding the business.
The business involves buying wrist watches and selling to customers and getting a profit. This is a business that is sure to be successful as people like wearing and using wrist watches.
This is a business that can be done by almost every body and can be success provided you plan and manage it well.
This is a good venture for people who are interested in having their own business as well as those who are looking for jobs or have lost their jobs.
In fact even people who have jobs and are working can still do it on a part time basis as it is a venture they can be combined with their work with proper planning and implementation.
Also for those who do not have a lot of money to start a business, selling wrist watches is a business they can invest in as it can be started on a small scale.
REASONS WHY THIS IS A GOOD BUSINESS TO DO
A LOT OF OPTIONS AVAILABLE
This is a business that can be started on a small scale and grow over time. The business of wrist watches caters to a lot of categories of people, providing a lot of options for anyone entering or starting the business.
You can decide to sell watches for either men, women or children or you can also decide to deal with low end and less expensive watches and cater to those who do not have a lot of money to buy quality and original watches or you can deal in high end and luxury watches for people who can afford quality and original watches.
Most people like wearing and using watches which makes the demand high. Also it cuts across as any one can use a watch making it a great product to sell.
IT IS AFFORDABLE
In the past having a wrist watch was seen as a form of luxury and was believed to be an exclusive item for the well to do or rich. Over the years the prices of watches has become less expensive as manufacturers now cater to the various needs of people.
We now see watches of various grades, quality and design. We now have replicas of original items which are much less expensive and can be bought by almost everyone.
USED AS A FASHION STATEMENT
The primary aim of a wrist watch is to tell and know time. People are more aware of what they wear and how they look and are always willing and ready to improve and up lift their fashion sense.
We now see people wearing a wrist watch to improve their look as well as make a fashion statement. People now have about 3 or 4 watches to match different outfits they wear as well as to go with the theme of an event or occasion they are attending.
What is great about this is that such choices and options are not limited to the rich only as due to the different grades of watches in the market, everyone can try to make their own fashion statement.
REQUIREMENTS NEEDED FOR THE BUSINESS
GET ENOUGH KNOWLEDGE OF BUSINESS
Before starting the business there are certain things you will need to learn about selling wrist watches. On your part you will have to approach a person who has been in the business for some time who will help you know more about the business.
You will need to know where to buy them, the best brands and designs as well as their prices and lots more.
DECIDE YOUR AREA OF SPECIALIZATION
This is a business as earlier stated that has various options open to you before starting at all. You will have to decide the categories of watches you will like to sell.
For example you can chose to sell women wrist watches, men wrist watches or wrist watches for children. You should also decide the quality of watches you want to sell and who you will be catering to.
Will you be dealing in luxury watches and sell to the high class who can afford them as well as sell watches for the middle or buy less quality watches to people who do not have much money.
This is a decision you will have to make to be able to properly plan the way and approach your business will take.
CHOSE A GOOD BUSINESS LOCATION
You can start from home and start selling to people around you as well as your friend’s family members and introduce them to the business you are doing.
If you are not comfortable starting from home, you can choose to build a show glass where you can place and display your watches for people to see.
You can also rent a shop and place your watches there to sell to people. Whatever you choose make sure you get a place that is busy having a lot of activities going on with a lot of people around.
This is a great business to do, conduct a feasibility study to ensure you avoid mistakes when starting the business. You can register the business especially if you have plans for expanding in the future.
One thing you should note is that you should be honest when doing the business. Try not to present a replica as an original as you can lose your customers when they find out you have deceived them.
Also have a good customer service to keep customers patronizing the business.