Selling: Pointers & Tips...

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and how-to's?

As my wife is oft to say, "You're good at buying but not so great at selling"... and she's correct. I have never sold a watch.

But I want to in 2023.

What I know:
Transparency (just like when I've purchased, buying the seller is everything, so I want potential buyers to have that same experience from me).
Great photos.
Quick response time with options for communication ~ email, phone, text, video.
Competitive pricing (do my due diligence with completed sales on forums, eBay, media like Reddit, etc).
Thorough and well-written ads.

What I don't know:
With zero sales how do I establish trust... I have been thinking that I tether in my backstory in music and the cycling world (where I got a significant amount of press a handful of years back) as place markers to more or less verify who I am.
The actual deal itself~money: PayPal G&S vs bank wire to cover my ass. Pros/Cons.
Keeping sales domestic versus international.
Shipping... USPS, FedEx, UPS + myth/facts on insurance in the case of losses during shipping.
Possible forms of scams and fraudulent methods that are good to know about and thusly keep an eye peeled for.

Any experienced sellers care to offer up their wisdom?

Many thanks for reading.
 
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You can start with lower value watches to build some trust. Banktransfer or Paypal f and f works fine. Although I never had issues with a escrow service. Most people are good. Shipping globally depends on your location and insurance posibilities. If someone wants to return a watch and his money back, try to be practical. Fast and good communication is important. If something goes wrong during transport, try to help where you can. And treat people how you want to be treated yourself. And the rest will be fine. Good luck.
 
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If you're talking about selling here on this site's for sale section then you will be fine. You're already in like Flynn. As Shabbaz mentioned, start with small stuff to build your history before posting your stash of Pateks and Langes. Remember though, ya gotta price the stuff low. And offer freebies, even if just packaged snacks. These tight-wads won't go for anything unless it's cheap/free or both 😁
 
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If you're talking about selling here on this site's for sale section then you will be fine. You're already in like Flynn. As Shabbaz mentioned, start with small stuff to build your history before posting your stash of Pateks and Langes. Remember though, ya gotta price the stuff low. And offer freebies, even if just packaged snacks. These tight-wads won't go for anything unless it's cheap/free or both 😁

Did someone say cheap WITH freebies?
 
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If you're selling watches, I would think your three years as a contributing member here counts for a lot.

Dip your toes in slowly. Lower value items, domestic shipping, etc.

USPS, FedEx, UPS, I've used them all without issues. Always use some form of tracking. If you're doing international I would suggest opening a Parcel Pro account. I've been fortunate to never had a claim for lost or damaged goods so I can't speak to the insurance issues, although I've always paid for insurance.

Just like "buying the seller" buy the buyer, if you don't feel comfortable about a sale, for me that would be reason enough to pass, someone else will come along.

Communication before, during and after a sale and especially if there are any problems.
 
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Having purchased from both @X350 XJR and @Shabbaz, I'd say they both hit it spot on. I was very new here and the experience as they've outlined immediately eased any nerves I had about the transaction.

Snacks may also be a good idea, just make sure the packaging is such that no crumbs get in the movement!
 
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I’m in the same boat as the you, never sold a watch on any platform, just buy, buy! But 2023 will probably see me let some go, got to the one in, one out stage.

Long time unblemished eBay user of 10 plus years, plus purchased a few on here. But advice above is very helpful, seems you have a similar approach to me, so should be no issue.
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But I want to in 2023.

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Sell like you are the buyer.

Disclose everything: highlight marks, service history. If you know it, say it. If you don't, don't guess.

Pictures: in focus and aligned. Best natural light you can find. Try to make them look like the watch in person. Many people won't and don't like adjusting the photo. I will adjust the photo if needed to make it look as close to the physical appearance, with the idea that a camera applies its own filters anyway. As a minimum, take a full face shot, a straight on lug shot both sides, side shots, casebook, movement if possible. Can't have too many. Close up of dial and any imperfections.

Money: Everyone has their preferable way to pay. I prefer Wise, formerly transfer wise. Low fees, quick, a wire transfer where you don't need to give personal bank details to each other, good exchange rates. They have an escrow service, if desired. You send the watch, they hold the money until the buyer receives and accepts it. Can be great for higher value watches.

Shipping: USPS tracking and signature works. Ask the buyer if they want signature, as not everyone can be home. Securus is cheap insurance. Registered mail is very secure, but costs more and takes longer. Good for higher value. Provide tracking and track it yourself also.

Local vs International: I've done both. It's not a big deal for international. Discuss it with an international buyer. Shipping and mail time can take awhile, but international buyers understand that and are sympathetic.

Duty: Value the watch in three components, case, movement, bracelet. Don't just say watch. If most of the value is placed on the movement, that has a lower duty fee.

Packing: Double pack, box or envelope within box. Put plastic or film between caseback and bracelet. I like to tape down the inner wrapping to the outer box so it doesn't move around, if sending just a watch with no accessories. Make the watch float in its own cocoon.

Communication: Use PM to answer additional questions. Offer to talk on the phone as needed. Check out the buyer's profile. Not normally an issue but I had someone join OF because of a watch for sale.

Refunds: I like to offer a refund but ask that the buyer let me know right away. It doesn't need to be shipped back immediately, but it helps to avoid buyers remorse one week later. As much as you try to describe something, people have different judgments. You can't buy a good reputation, but you can lose one.

Rules: Read the rules and follow them. One posting or bump per day.

Be grateful: Above all, remember that selling on OF is a privilege. Recognize that by thanking the mods for supporting this platform. Be prepared to meet and make new friends.
 
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All good advice above- not much more to say other than to reiterate buying the buyer.

If you are not comfortable with the terms or demands of the potential buyer (they want to inspect the watch before payment, they want a movement shot on a watch you aren’t comfortable opening becuase it was pressure tested and factory serviced, you already took 25 pictures in different lighting of every surface- they should have the idea by now)- feel comfortable saying “I don’t think this is the watch for you”.

Another point is to divorce yourself of any emotion related to the watch- once you decide to sell, make it gone. Price it reasonably but remember that it is only worth what the market will bear- and this market (OF) is small and very particular (although all listings here do show on Watchrecon which sees a lot of traffic).

If you are not prepared to significantly lower the price if it sits for a bit, then you need to reassess how badly you want it gone. Don’t bump without a price drop (and a $5 drop is just silly)- everyone who shops here knows what’s in the sales section and if it is priced too high, you won’t get many nibbles.

Be sure to remember the collectors divide- when buying you may say “I wouldn’t pay more than $1k for that watch”, but when selling may think “I wouldn’t take less than $2k for this watch”. If you wouldn’t pay more than $1k for it, why would you expect anyone else to.
 
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and this market (OF) is small and very particular (although all listings here do show on Watchrecon which sees a lot of traffic).
Yes, this is a good point. Remember that OF is a small marketplace. Sometimes it helps to have more eyes on a watch (like on chrono). For example, I put a tudor gmt up for sale here but it would sit forever (I think I listed it for 3k with some negotiationroom, so no problem there). I went somewhere else (chrono) and I immediately had several potential buyers. I had this with more watches. If it does'nt sell on OF it does'nt mean it wont sell at all.
 
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Yes, this is a good point. Remember that OF is a small marketplace. Sometimes it helps to have more eyes on a watch (like on chrono). For example, I put a tudor gmt up for sale here but it would sit forever (I think I listed it for 3k with some negotiationroom, so no problem there). I went somewhere else (chrono) and I immediately had several potential buyers. I had this with more watches. If it does'nt sell on OF it does'nt mean it wont sell at all.
Yup. We have a lot of regular sellers here who also sell on eBay. It’s not becuase they hate us, it’s just becuase the piece may be better suited to that market.

I was shocked that your Eterna Chronometer didn’t sell here for the give-away price you listed it for. But it just wasn’t apparently on anyone’s radar here,
 
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I was shocked that your Eterna Chronometer didn’t sell here for the give-away price you listed it for. But it just wasn’t apparently on anyone’s radar here,
The funny thing was, when I withdrew the watch, suddenly there were several people who wanted the watch for the asking price. So eventually I sold it here... ::psy::
 
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Yes, this is a good point. Remember that OF is a small marketplace. Sometimes it helps to have more eyes on a watch (like on chrono). For example, I put a tudor gmt up for sale here but it would sit forever (I think I listed it for 3k with some negotiationroom, so no problem there). I went somewhere else (chrono) and I immediately had several potential buyers. I had this with more watches. If it does'nt sell on OF it does'nt mean it wont sell at all.

This is very true. There is strong interest in certain brands, and much less so in others. Also, many members here have mature collections, so they are mainly looking for very special pieces or bargains (yes, me too ... guilty as charged). Pricing your watch appropriately is important, but sometimes it just isn't the right place to sell, and you can do better elsewhere.

Just in the past year, Instagram has become a viable alternative for me, maybe my posts there finally started to reach a critical mass.
 
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Just in the past year, Instagram has become a viable alternative for me, maybe my posts there finally started to reach a critical mass.
That's interesting. With instagram you cut out the middlemen (like ebay or chrono) and you have a potential big audience. But I do hope you keep listing your watches also over here. Always interesting to see what you are moving on.
 
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This is very true. There is strong interest in certain brands, and much less so in others. Also, many members here have mature collections, so they are mainly looking for very special pieces or bargains (yes, me too ... guilty as charged). Pricing your watch appropriately is important, but sometimes it just isn't the right place to sell, and you can do better elsewhere.

Just in the past year, Instagram has become a viable alternative for me, maybe my posts there finally started to reach a critical mass.
That’s the advice I’ve gotten too. Many of the old OF guard have moved on to Instagram after having nice watches just sit. The last watch I posted here sold via watch finder to a non member. I got a nice email from him but no seller review. Damn shame. There was a comment made by a long time member in a recent tempestuous thread to the effect that no one is going to post fine watches here anymore. That really bugged me. This thread is really depressing.
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And remember the second page of death….if you price a watch unreasonable or bump too much without a price decrease …….you enter the second page of death of a sale and that immediately brings a “why didn’t this sell on a forum of watch collecting folk”

Yep it’s a thing 😗
 
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That’s the advice I’ve gotten too. Many of the old OF guard have moved on to Instagram after having nice watches just sit. The last watch I posted here sold via watch finder to a non member. I got a nice email from him but no seller review. Damn shame. There was a comment made by a long time member in a recent tempestuous thread to the effect that no one is going to post fine watches here anymore. That really bugged me. This thread is really depressing.


Know a few old guard that sell here and Instagram.

Most say instagram is hard work selling (as in lot of tyre kickers wanting everything for nothing) 20 people interested 0 people willing to pay true value.
But quality always sells…but that brings 40 people messaging and asking questions..

And the scammers love instagram. That’s why 90% of sellers have a Shopify sales platform connected to their instagram account.
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One more thing I think I will add is that people here have a long memory and we all talk to each other behind the scenes. If you have been a dick to someone or have pulled some shady shit elsewhere, we will find out about it. Your rep is everything here.