Every successful act needs systematic planning. If you need some money urgently and if you can tide over the present financial crisis only by selling off your watch, then you have no other option, but to sell it whatever price offered to you by the buyer. This proves the proverb "Haste is waste". In fact when you could have got more you had to compromise with the less amount that you got. Now if the selling is preplanned then you have options and measures to hike the selling price or the option not to sell it at all.
When you are thinking of selling your used watch following are the key issues that have to be kept into consideration.
Vintage watch or new watch: This depends on the age of the watch and how you want to sell it. If the age of the watch is approximately more than 50 year you would most probably like to sell it off as vintage watch. On the other hand if the age of the watch is less than 10 years then it has be sold as used but maintained as if new. In the latter case if the watch needs some maintenance, get it done. If there are scratches on the body replace the body. On the contrary if you want to sell it as a vintage watch, be sure the older it looks, the more the price you can demand from the prospective buyer.
Supply and Demand: Try knowing the watch as much as possible. Try knowing its brand, the model and design, the year of manufacture, the functions and the current market scenario. Always remember whether you want to sell the watch as a used watch or as a vintage watch there is going to be a direct influence of the supply and demand rule. If there is paucity of supply and the demand is more the price is going to be more and if the supply is more than the demand the price is going to be less.
Pricing: For pricing the used watch one will have to do a bit of market research. One has to be professional. Take out some time every day, visit the Watch Shop or jewelers who sell watches and ask them to quote the price for you. Don't allow them to keep it for themselves for a day and then tell you the price. Ask them to do it in front of you while you are there. One can even approach the net for knowing the price.
Mode of Sale: Once you know the range of the selling price you have two options, either selling it online or offline through/ to the retailers. You can ask the Watch Shop retailer to buy it from you or you can ask him to be a broker and ask his commission charges. When it is on commission the retailer will try to maximize the selling price so both of you get a good sum. If you find that the retailers around your vicinity are not responding the way you want them to, then it is better to approach the online companies who charge some money for providing you the services.
Ethics: When you have changes the belt or the case tell the prospective customer that you have done so that it does not reflect bad on you. If the battery needs replacement, replace the battery and then sell it.
Hot Tips To Sell Your Used Watch
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