Are you looking for Watch Trading Academy review? But you may wonder if it is a scam.
Now you are probably trying to figure out how to increase your financial stability. Many sectors have been hit hard by the pandemic, but online businesses and side hustles are still thriving.
It stands to reason that you are here because you are looking for potential side businesses to start. Thanks to the fact that I have taken the time to do the legwork, you can rest assured that this report covers all the bases.
People like you, who have to face the future with so much uncertainty, just want to be financially secure. I do not blame you, though. I, too, want that for my loved ones.
No signs of slowing down the pace of this epidemic era. While it is true that some restrictions have gone away, the world is not the same as it once was.
Many people have lost their jobs, others have had to take pay cuts to keep their jobs. It is a terrible state of affairs that in the world we live in today, the richest are getting richer and the poor are getting poorer.
So you think this type of business would be a good fit for you. Read the review thoroughly, because I also explain how the company works.
As a disclaimer, I’m not affiliated with Watch Trading Academy. It means I’m not paid to write this review. So you can rest assured that you will get an honest and unbiased review from me.
At the end of this review, I’ll also tell you the best alternative to Watch Trading Academy that has enabled me to make a full-time passive income online.
What Is Watch Trading Academy?
Watch Trading Academy by Pejman Ghadimi is a systematic approach. Learn how to make money buying, selling and trading high-quality watches.
Once you enter the school, all you need is $1,500 for your first luxury watch, a phone or laptop to search for discounts online, and access to the mail for delivery, instructor Pejman Ghadimi claims.
His first course, Watch Conspiracy, was renamed Watch Trading Academy to emphasise the advanced nature of the course. What prompted his new identity remains a mystery.
His strategy for watch trading is simple. According to him, if you sell a single high-priced watch that you buy for $1,000, you can make $200 if you aim for a 20% margin.
After the first trade, invest another $200 and see your money multiply.
If you only trade five times a month, you would make $1,000 a month. If you are able to make more than five trades every day, you cannot possibly make only five trades per month.
This strategy has a distinct advantage over similar strategies such as affiliate marketing, dropshipping, eCommerce, etc. because there is less competition in this industry. All you need to do to make money in the watch business is to search the internet for good bargains and work hard.
Pejman has been in the watch business for 15 years, so he knows what he’s talking about. His credibility as an online money making guru in the watch industry is based in part on the fact that we know he is an expert in what he teaches.
Who Is Pejman Ghadimi?
Internet marketing is one of Pejman Ghadimi’s specialties. But he strikes me as someone I would not want to trust with my money.
Based on the way he promotes internet marketing, I have no confidence in him. It’s hard to imagine anyone actually pulling this off.
Okay, he has some valid objections there. It is possible to make millions, but most people do not.
Knowing how Internet marketing works, I know those who have made it their life’s work. In fact, they make a lot of money doing it.
However, not all advertisers can afford the swanky cars this person keeps showing off.
I would also like to point out that, in my opinion, most of Pejman’s income comes from the sale of his courses. The website has already written a review of one of his courses, Exotic Car Hacks.
It seems he makes a comfortable living teaching others about financial success. Outside of course sales, however, I can not say for sure how much he makes. Maybe not quite that much.
How Does Watch Trading Work?
Okay, we admit that it is not easy to classify Watch Trading Academy. Reselling watches is an interesting? Approach to earn a living.
While it is possible to make money with a completely crazy business idea, I would not recommend it unless you have years to test an unproven business strategy.
When it comes to starting a business from scratch, the Lead Generation and Ad Agency models are the ones I would most recommend.
While there are several courses that can help you get started, the Digital Landlords curriculum is my top choice because it covers both types of businesses in depth.
If you are not ready to dive headfirst into an unconventional business model, read on for a comprehensive analysis of Watch Trading Academy.
Watch Trading Academy Overview
This course consists of three main parts. In addition, there are some extras included.
Allow me to explain in more detail what is included in your purchase.
Now let us take a look at the course itself and I will explain its many parts in detail.
The Watch Trading Academy course is divided into three parts and includes some extras.
What you get is described below.
Part One: Market Research
Find out where to start your search for wristwatches. Take a look at the “Sold” section on eBay to see what the price is for high quality watches.
Several online communities are mentioned, from which you can get price estimates.
Part Two: Authenticity
There is a significant market for counterfeit watches. More than 30% of the watch market consists of people who want to appear wealthy without actually being wealthy, and therefore buy replica watches.
This has led to an abundance of fake watches being sold online and in stores.
In the second section, you will learn how to protect yourself from scams and how to spot a fake watch when shopping.
This includes documents that confirm the authenticity of the watch and advice on how to verify the legitimacy of a seller.
Part 3: Selling
It was surprising that so little guidance was given in this chapter. You will gain the knowledge necessary to successfully market your timepieces on various online platforms, including eBay, niche watch forums, and online marketplaces.
We also advise you to take a cue from the wealthy watch merchants of the past.
Bonus #1: a private Facebook page
The Facebook community has thousands of active members. As a member, you can ask questions here and possibly get answers.
You can meet new people and maybe even form some business partnerships. This method is by far the best way to learn.
Bonus #2: Demonstrations of Real-Life Replicas
Learn how to spot fake watches and where to buy real ones with the help of this supplementary guide.
The only catch is that some copies are so lifelike that not even experts can tell them apart.
There are warning signs you should always be on the lookout for, but others you’ll probably never see.
Bonus #3: Over 250 Case Studies
Learning how to trade watches is an exciting part of the Watch Trading Academy.
You can learn from Pejman and the other members how to make money in watch trading.
It is true that you can learn by imitation.
Bonus #4: Shoulder-to-Shoulder Negotiation
In the fourth bonus round, Pejman is actively searching for a watch and haggling over the price for it.
Bonus #5: Most Profitable Watches Cheat Sheet
There are a wide variety of watches to choose from, and you may not know how to decide on one.
In this additional cheat sheet, we list the ten best watches for trading and indicate which ones are best for beginners.
Is Pejman Ghadimi Legit?
It looks like Pejman is actually quite wealthy, but before you give him all your trust, I would ask: where exactly does he get all his money? Is it from selling watches or from this course?
Another thing that bothers me about him is that he uses his money as a marketing tool by showing off. It is motivating to see someone who has such great success, but I do not think everyone understands how difficult it is to make a fortune in business.
A lot of people do not succeed because they assume it’s easy to do. To be fair, it’s not. You cannot assume that you are successful in business because you know how to run a business.
There are cases where luck plays a bigger role in determining the results. Sometimes success is also the result of hard work. You should always play with the idea of working hard.
Can You Make Money With Watch Trading Academy?
In a word, yes! For a watch enthusiast, this may be a lucrative side business.
But watch trading comes with its own set of challenges, and many people struggle with it.
You can make money trading watches, but it takes time and effort to learn the ropes, and if you are going to go through the trouble, you might as well make some real money.
The method that has helped so many online businesses earn $40,000 and more per month is so simple that making money almost comes naturally.
Is Watch Trading Academy A Scam?
I cannot say Watch Trading Academy is a scam. This program is not a scam in the sense that it does not eliminate the possibility of making money.
What I am getting at is that when you make a purchase, you get a login to a website where you can access the content. To be more specific, no one is going to disappear into the sunset with your money and leave you in the lurch.
But the bigger question is whether or not Watch Trading Academy is worth it.
If I had to give an honest answer, I would say no, at least for the vast majority of people.
Why take the risk when there are so many other business ideas that are proven and easily scalable?
To me, the ideal program is one that has already attracted thousands of successful participants, but has a lot of potential for more.
If you have been reading my blog for any length of time, you know that I advocate different software packages depending on experience and goals.
In my opinion, becoming a Digital Landlord is currently the best option because it provides a clear and methodical way to earn six figures while working remotely.
I have friends in there selling stuff out of an RV while they drive their pet pig through the woods.
What I Like About Watch Trading Academy
From what I have learned, this has promising potential. If you are a watch collector or just have a deep appreciation for timepieces, I believe you can benefit from this business strategy.
Make the most of what you already know.
What I Don’t Like About Watch Trading Academy
High Capital Required
Buying goods to sell is a necessary first step. Prices for stocks are usually high. To pay the thousands of dollars required, you must have saved for it in advance.
Most people who seek a sideline do so because they want to earn some extra money. The $997 price is therefore a big turn-off. Investing that much in a course that provides only rudimentary training is simply out of the question.
There are a number of different courses available at reduced prices. With the free materials available on the Internet, it is quite easy to learn the basics. There is absolutely no need to spend the $997.
Why I Don’t Recommend Watch Trading Academy?
I assume that you want to supplement your income and that is why you have been looking for this type of business opportunity.
High Capital Needed To Start
I am sorry to tell you this, but if you do not have the money to invest, it will not work. The costs can add up quickly when buying a high end watch. You can start with about $10,000.
You can make money with this venture, but if you can only afford a watch that is not in high demand, you will not be able to make nearly as much.
If you want to make a living reselling Rolex watches, know that you will not find a watch for less than $1,000. You should plan on making at least $5,000, if that.
According to the video, selling watches in the $5,000 range is the ideal point to make a profit of over a thousand dollars per sale.
If you want to make $10,000 every month, you’ll need to spend about $50,000 on ten watches. But that’s just an estimate.
Income Not Guaranteed
Since I highly doubt you are sitting on tens of thousands of dollars, I recommend starting with the watches that cost two thousand dollars or less.
But remember, the less the watch costs, the less money you will make. It’s unrealistic to think you can make $1,000 on a $2,000 watch.
Also, you need to ask yourself whether the things you want to buy are legal or not. If you make a mistake, you could waste thousands of dollars. Nobody wants a fake watch.
You may also not make as much money as you had hoped. I would not recommend this business concept to beginners because it is very complicated.
Watch Trading Academy Review: Final Verdict
I do not recommend watch flipping as a side business, especially for those who have never done it before. The required investment of thousands of dollars makes this idea unfeasible.
Also, if the timepiece you are selling is in low demand, it could take quite a while before you make a profit. This position does not assure you a salary.
There are also a large number of competitors, many of whom have been in the market for some time and have accumulated considerable expertise. It will not be easy for you, as a newcomer, to stand out from the rest of the pack. It also takes time to build a respectable reputation.
The learning curve is steep and there is a lot to know before you can even work in the industry. Buying and selling timepieces is only part of what we do. There are many things to think about.
It’s way too much work to make it worthwhile as a part-time job. I do not think it’s realistic to build a business of this magnitude and have a full-time job at the same time.
Fortunately, I can suggest a side hustle that will not take up too much of your time. It is easy to learn and many people already make a living doing it. In the following sections, we will discuss this topic in more detail.
Best Alternative of Watch Trading Academy to Make Passive Income
If you want to make a stable and secure stream of passive income, I would suggest you start an affiliate marketing business online.
Affiliate Marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
Wealthy Affiliate has existed for 15 years and there are many success stories in the past decade.
To give you more examples, here are some of the other inspiring success stories of Wealthy Affiliate members.
Where to Join Wealthy Affiliate?
Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.
If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.
And as a starter member, you can get instant access to the community, live chat, over 500 training modules, 2 classrooms, networking, commenting, 1 free website, access to the keyword tool.
You can enjoy all these values without paying a penny.
So I strongly recommend you to register a free account and see it yourself.
Watch Trading Academy FAQs
1. Is this course worth $997?
In my opinion, this is not the case. Pejman earns most of his income by selling courses.
The training is inferior and most of it is just basic understanding.
2. Is Pejman Ghadimi legit?
Maybe it just depends on how you phrase it.
Is his income really high? Apparently it is.
But the more important question is how he earns his living.
To me, it is quite obvious that it comes from selling his various courses.
As much as he tries to promote this lifestyle, I find it offensive because it promotes the unrealistic expectation that one can easily amass a fortune through speculative investments like selling watches.
3. How long is the course?
There are several modules that cover topics such as market analysis, authentication, and sales.
There are also case studies and other, more focused forms of instruction.
The course costs $997, but it is not as long as other courses.
4. What does Watch Trading Academy teach?
Learn how to buy and resell quality wristwatches with the help of this course.
This is a viable business plan, but I do not see much potential for profit.
Also, tens of thousands are required to pay much attention.
5. Is there a refund policy?
There is a 14-day refund period with some conditions. You must prove that you have put into practice what you have learned.
If you feel “remorse”, you will not be refunded.
6. How much will I need to get started?
For starters, Pejman suggests you have $1500 on top of the training costs. That’s the price range for lower-end luxury watches.
If you are lucky, this will make you a profit of a few hundred dollars. The next step would be a slightly larger investment and a slightly larger profit.
Trading watches is less troublesome if you can invest about $10,000 initially.