Selling a watch can be a complex matter, especially when you are trying to find a buyer for a worthy price. Thousands of traders sell their watches every year to try and make a profit or just to sell a second hand watch they no longer need. When you are selling a watch you are presented by various challenges such as the price, where to sell it, when to sell it and where to get it valued. This article will walk you through each step you need to take when you are selling a watch.
How much to sell it for
Trying to value a second hand watch can be very difficult as you need to try and figure out what kind of condition and state it is in. Therefore it would always be advised to check the watch for all the wear and tear. Going to a professional jeweller/ pawnbroker would be a wise decision as they have years of experience in the trade and will be able to evaluate the watch accurately for you.
Another way to try and gain an accurate evaluation of the product is through looking at similar watches online. This will enable you to gauge just how much the watch is actually worth. Through looking at various traders online and other market places it shows exactly how much you can get for your watch.
When selling the watch do take into consideration other factors for cost. For example, if you are opting to sell online do make sure you have the appropriate packaging and that you have taken into account how much postage will cost.
Where to sell it
It is often the cases that where you choose to sell your Rolex watch is just as important as the price you decide you are selling the watch at. In order to get the price you desire you need to find the correct distribution channel. Here we will discuss the available channels to sell your watch through.
Many people see selling through a retailer as the best way and often the only way. Selling to a jeweller or retailer can be an excellent way to guarantee that you get a legitimate sale. However, it is often the case that high street retailers are not in major need of a new watch and therefore they are not willing to offer attractive prices.
Selling your watch online presents many advantages to both the buyer and the seller. For example, the transaction can be made from the comfort of their own home. The buyer can simply type in “used Rolex – silver” into the search queries and find what they desire. This also makes it an extremely simple process for the seller as they can find exactly what category they want to sell their product in.
One issue many sellers have with buying and selling online is actually ensuring that the payments are made. Due to new software such as PayPal and security guaranteed transactions it can assure the seller that the money is safe. The introduction of more protected methods of online payments has led to a rise in business online.
Once you have decided on a price and the right distribution channel then you should carry out your quest to find a seller. Do remember to make an attractive description for your watch so that people will want to purchase it. This can be especially advantageous when you are putting your watch up for bidding as it attracts more buyers meaning a higher price.
It is important to take all of these points into consideration when you are selling a second hand Rolex watch. You first need to try and evaluate its worth and then you need to figure out where you want to sell the watch. The three main distribution channels are high street retailers, market owners and online buyers. Once you have decided on the suitable channel to use, then you should package the Rolex safely and securely, then sell it for an agreed price.
This article was provided by Sell My Watch. They are dedicated to offering fair prices for your second hand watches. For more information on how to sell your watch, please see the link.