And remember, these numbers are what covers salaries, rent, etc., which - with the crew they had - was a pretty big expense.Īll in all, this very likely was not a "great business", this is not "a brilliant PR stunt".īut there are still so many unanswered questions I would like to know. Most of their inventory was, according to them, on consignment, and their rates for consigment usually topped out at 2 thousand, making the profits impossible. They didn't have that good connections to be able to pick up watches that cheap. They said they sold the most expensive watches off camera, and while that could be true, these watches again would need to make a lot more than 3-4 thousand to make up for the difference. They would need to make 3-4 thousand dollars from every watch to make the profits they were claiming, but most trades seemed to make a thousand dollars or less. The profits they claimed were never visible in the trades we saw. ![]() We saw one deal made "off camera", but nothing to indicate that the deal actually went through. They've tried to secure investors, without luck. They've been strapped for cash the entire year. Just a few days ago Anthony had facebook post where he wanted to hire 4 more sellers, likely in an attempt to keep posting growth. ![]() They've been stuck with inventory they couldn't unload without losing money. In the last or second to last episode they were trying to unload watches to someone (I guess Roman), but it seemed like they couldn't sell a single one at a wholesale price - the prices were too high. Any real operations manager would have seen these issues a lot sooner. Ironically, everybody has been blaming Mike - the operations manager - for not handeling the business better, but honestly the only reason they even made it this far is because he's incompetent. My guess is that they've been running on a deficit all the time, but because they had constant growth (wich also incures growth in expenses) they were able to keep covering the deficit - until the growth stopped with the market starting to turn. Now that there's a dip in the market, and they have no clue what they need to sell a watch for in order to make a profit, the expenses likely caught up to them. As long as you bought a watch at fair market value one week and sold it for fair market value the next, there would be money to make. The only reason they lasted this long was because the market has skyrocketed the last year. It was obvious that the entire operation was an amateur hour. It's very hard to keep track of profits when you can't correlate the bought and sold prices on an item. It was clear from the last video that they didn't register what they bought a watch for. Making $10 million means nothing if you spent $11 million doing so. Even if these were real, which in itself is debatable, they mean nothing with regards to how healthy a business is. People seem to rely on the revenue numbers. There's nothing to suggest this was a great business in any sense. The main reason seems to be that they can't believe they would throw a "great business" in the trash. People somehow seems to believe that this is a PR stunt. Issues with TDs should be reported to the forum mods where they are a TD. Read the intro post above if you have questions about the TD process.ĭo not post your reps in genuine watch subs Read the reviews of each TD, check their website and choose one that fits your needs. Here are lists from the forums (you must be a member to see these links): ![]() There are lots of Trusted Dealers, so choose wisely. Want the best watches not worth buying in gen (NWBIG super list)? Want to ask a question but are worried it might have already been answered? On a Budget? See the best $250-$400 replicas: Want to know the best model of a specific watch? Feel free to discuss, review, and ask questions about timepiece replicas!
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |