Watch Trading Academy is the updated version of Pejman Ghadimi’s Watch Conspiracy course. Both programs aim to teach you how to buy watches at their lowest value and then sell them for a profit.
Ghadimi claims that, on average, you can make a 19% return on your investment within just 72 hours. However, it’s essential to understand that this venture requires a lot of effort and patience, something Ghadimi himself acknowledges.
Watch flipping can be a profitable business model, but it requires a significant amount of money upfront, a sharp eye for spotting fake watches, and constantly checking various marketplaces for the best deals. So, it’s definitely not a way to make passive income online.
To help you make an informed decision, I’ve thoroughly reviewed the course. It’s important to note that I have no connections to Watch Trading Academy, which means I’m not getting paid to write this review. You can trust that my evaluation is honest and impartial.
At the end of this review, I’ll also share an alternative method that has helped me establish a full-time passive income online.
Table of Contents
- How Does Watch Trading Academy Help You Make Money?
- Who is Pejman Ghadimi?
- How Does Watch Trading Work?
- Is It Profitable to Flip Watches?
- Overview of Watch Trading Academy Course
- How Much Capital Do You Need to Flip Watches?
- Watch Trading Academy Price
- Refund Policy
- Praise for Watch Trading Academy
- Criticism of Watch Trading Academy
- Is Watch Trading Academy a Scam?
- Is There A Better Way to Make Money From Home?
How Does Watch Trading Academy Help You Make Money?
Watch Trading Academy, created by Pejman Ghadimi, is a program that teaches you how to make money online by buying, selling, and trading high-quality watches.
To start, you only need $1,500 for your first luxury watch, a phone or laptop to find online discounts, and access to mail for deliveries, according to Pejman Ghadimi, the instructor.
The original course, “Watch Conspiracy,” has been renamed Watch Trading Academy to show that it’s more advanced, but the exact reasons for the name change are not disclosed.
Ghadimi’s strategy for watch trading is simple: Buy a high-priced watch for $1,000, aim for a 20% profit margin, and you can make $200 on a single sale. After your first trade, reinvest the $200 to watch your money grow. If you trade just five times a month, you could earn $1,000 each month. If you can do more than five trades every day, it’s clear that limiting yourself to only five trades per month is a conservative approach.
Who is Pejman Ghadimi?
Pejman Ghadimi, the brains behind Watch Trading Academy, is a familiar face on YouTube and an entrepreneur. You may have seen him before through his earlier project, Exotic Car Hacks, and his YouTube channel of the same name, where he taught people how to make money buying and selling high-end cars. Now, with Watch Trading Academy, he’s applying a similar approach to the world of watches.
Having supposedly helped over 15,000 students achieve financial independence, Ghadimi also founded Entourage Legacy, a coaching program for business leadership. It’s somewhat like Shanda Sumpter’s HeartCore Business but with more visible results.
Both Exotic Car Hacks and Entourage Legacy are still active on social media, aiming to teach regular folks how to run successful day trading businesses by tapping into niche markets and cultivating a mindset for abundance.
It’s worth noting that Ghadimi is also an accomplished author with a trilogy of books focused on mindset leadership: Third Circle Theory, RADIUS, and Gate of Choice.
Shifting gears slightly from luxury cars, Ghadimi applied his expertise to mid-range and boutique watches, using the same day trading techniques from Exotic Car Hacks. He employs a strategy known as the “Wealth Transfer Strategy,” which he claims can help students achieve their desired results in as little as 30 days.
You can get a taste of his teaching style by watching the video below:
How Does Watch Trading Work?
According to Pejman Ghadimi, watch trading boils down to a straightforward 4-step process. You begin by pinpointing a luxury watch brand using his “secret” cash value formula and trading system. Then, you acquire the watch and list it for sale at a profit. Afterward, you find a buyer and receive payment, and finally, you ship the watch.
However, in reality, it’s more intricate than this simple plan suggests.
When flipping watches, you generally source them from other resellers operating in the grey market. Think of it like Wall Street, where you invest in watch models you believe are undervalued and sell them as their value increases. Watch reselling and collecting are closely linked; most resellers are collectors, and most collectors have sold at least one watch.
To get started, let’s consider what makes a watch a good candidate for flipping. In general, you’ll want to focus on mechanical watches rather than quartz ones. Mechanical watches are favored by collectors, seen as more refined, and therefore, more valuable. Big-name brands like Rolex, Patek Philippe, OMEGA, and Cartier are highly desirable. These brands have withstood the test of time and are likely to remain valuable for years to come.
Once you’ve got your eye on a watch, you’ll need to check its price. Websites like Chrono24 offer a free watch appraisal tool where you can enter the watch’s reference number and condition to get an estimate of its current value. You can also check eBay and Chrono24 to see what similar watches are selling for
Is It Profitable to Flip Watches?
Pejman Ghadimi suggests that flipping watches can be highly profitable, with program graduates potentially earning a 15% to 25% return on investment within a month.
However, it’s crucial to know that while reselling watches can make money, it’s also risky. Much like other resale businesses, success depends on buying the right watches at the right prices. Watches can cost a lot, sometimes tens of thousands of dollars, and their resale values can be unpredictable. Some watches hold or even increase in value over time, while others lose their worth quickly.
Entering the watch market without research can lead to significant losses. Long-term value, similar to cars, is a key factor for watch collectors. Investing in a watch that holds its value over time makes financial sense, even if it’s expensive. If you’re already into watch collecting, you probably know how different watches depreciate, which is valuable when reselling them.
In short, you can make money reselling watches, but it’s a competitive field. Patience, a bit of luck, and smart decisions are essential to find good deals. Being too greedy might lead to buying a fake Rolex that turns your wrist green.
Overview of Watch Trading Academy Course
The Watch Trading Academy course is structured into three main parts, and there are some extra goodies included with your purchase. Let’s dive into the details of what you get.
Part One: Market Research
In this section, you’ll discover where to start your quest for wristwatches. You’ll explore the “Sold” section on eBay to gauge the prices of high-quality watches. They’ll also introduce you to various online communities that can provide price estimates.
Part Two: Authenticity
This part sheds light on the significant market for counterfeit watches. Surprisingly, more than 30% of the watch market is filled with people who want to appear wealthy without breaking the bank, opting for replica watches. This has flooded the market with fake timepieces available both online and in stores.
In this section, you’ll learn how to protect yourself from scams and identify fake watches when shopping. They’ll cover documents that confirm a watch’s authenticity and offer guidance on verifying sellers’ legitimacy.
Part 3: Selling
The third part equips you with the knowledge needed to effectively market your timepieces on various online platforms, including eBay, niche watch forums, and online marketplaces. They’ll also encourage you to take inspiration from successful watch merchants of the past.
Bonus #1: Private Facebook Community
Their Facebook group boasts thousands of active members. As a member, you can seek answers to your questions and even explore potential business partnerships. It’s an excellent way to learn and connect with like-minded individuals.
Bonus #2: Real Life Replica Examples Demo
Learn how to spot fake watches and find genuine ones with the help of this supplementary guide. Keep in mind that some replicas are so convincing that even experts struggle to distinguish them. They’ll help you identify warning signs and avoid falling for convincing fakes.
Bonus #3: Over 250 Case Studies
Watch trading is exciting, and with this bonus, you’ll have the opportunity to learn alongside Pejman and fellow members. Sometimes, the best way to learn is through imitation.
Bonus #4: Shoulder-to-Shoulder Negotiation
In this bonus round, Pejman actively searches for a watch and negotiates its price, providing real-life insights into the trading process.
Bonus #5: Most Profitable Watches Cheat Sheet
With a wide array of watches to choose from, it can be challenging to decide. This cheat sheet offers a list of the top ten watches for trading, indicating which ones are best suited for beginners.
How Much Capital Do You Need to Flip Watches?
Pejman Ghadimi’s Watch Trading Academy suggests you can start flipping watches with just $1,500. He showcases success stories of students who’ve gone on to earn $25,000 a month or join the “100k Gold Members Club” with a small initial investment.
But there’s a disconnect between Ghadimi’s Wealth Transfer strategy and the claimed “average” ROI. Let’s break it down:
- Imagine you buy a $1,500 watch.
- You sell it with a 19% ROI, making $285 on your first sale.
- Now, you can reinvest $1,785 for a new watch with a $339.15 profit or buy another $1,500 watch for a $285 profit.
- To reach the “conservative” $5,000 monthly income, you’d need to sell 17 watches.
This calculation doesn’t factor in payment and shipping fees, potentially delaying your earnings. To speed up the process by buying more watches concurrently, you’d need more starting capital.
Here’s the bottom line: Watch Trading Academy often promises quick returns, but it oversimplifies the process. It assumes all watches sell within 24 hours and overlooks shipping time.
Also, keep in mind that Ghadimi’s primary goal is profit, not a passion-based business. He earns not only from flipping watches but also from selling his program, making at least $500 per sale.
To be clear, there’s money to be made in watch flipping, but it’s not as easy as it’s made out to be. Realistically, you should have a capital in the five to six-figure range to maximize your income potential.
Watch Trading Academy Price
The Watch Trading Academy offers its course at a standard price of $1,997.
However, for those who participate in the free training, there is a limited-time offer that reduces the cost to just $497.
The Watch Trading Academy offers a 30-day money-back guarantee, but it’s based on action and results. To qualify for a refund, you’ll need to demonstrate that you’ve diligently followed all the course teachings from Ghadimi and still haven’t achieved any results.
Praise for Watch Trading Academy
1. Experienced Mentor
Pejman Ghadimi, the founder of Watch Trading Academy, has a track record of success in the watch trading business. As a mentor, his expertise and experience can provide valuable insights and guidance to students.
2. Active Community
The Watch Trading Academy boasts a highly active and engaged community of students and traders. This community can provide support, share experiences, and offer valuable networking opportunities. Interacting with peers who are also pursuing watch trading can enhance the learning experience.
Criticism of Watch Trading Academy
1. High Cost
The program comes with a significant price tag, with tuition fees reaching hundreds of dollars, even at discounted rates. This high cost may deter some people from enrolling, particularly those who are on a tight budget or looking for more affordable learning options.
2. Income Expectations
While the program may promise substantial returns, it’s important to note that success in watch trading, like any investment venture, is not guaranteed. The program’s marketing materials can create unrealistic income expectations, potentially leading some students to believe that achieving significant profits is easier and more assured than it actually is. Success in the watch trading industry typically requires time, effort, and a certain level of risk.
Some critics argue that the program may oversimplify the complexities of the watch trading business. Watch trading involves various intricacies, including market research, authenticity verification, and negotiation skills. The program’s emphasis on quick and easy returns may downplay the challenges and potential risks associated with this type of trading, potentially leaving students ill-prepared for the realities of the market.
Is Watch Trading Academy a Scam?
No, Watch Trading Academy is not a scam. Pejman Ghadimi has a proven track record in this field, demonstrating his expertise. However, there are mixed reviews about the quality of the program. Some argue that the $500 price tag, even at a discounted rate, may be too steep for what you can potentially learn through diligent YouTube research on watch flipping.
Watch Trading Academy boasts a highly active community, with members often defending the program’s effectiveness against negative reviews. They dismiss critics as trolls unable to differentiate a watch from their face.
Pejman appears to be quite wealthy, but questions may arise about the source of his wealth – is it primarily from selling watches or from this course?
Another concern is his use of wealth as a marketing tool. While his success is motivational, not everyone fully grasps the challenges of building substantial wealth in business.
It’s important to recognize that business success is not a guarantee, and it’s not necessarily easy. Success can be influenced by factors like luck and hard work.
Watch trading has its own unique challenges, and many people find it a complex endeavor. While it’s possible to profit from trading watches, it requires time and effort to master the process.
Is There A Better Way to Make Money From Home?
If you want to make a full-time income from home, I would suggest you start an affiliate marketing business online instead.
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?
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For more information, you can check out our full review of Wealthy Affiliate.