- Joined
- Sep 21, 2023
- Messages
- 60
And by the way, they failed because they ALL violated the CENTS model.
Needless to say, MJ's book changed my life.
I'm a 31-year-old living in the Southeast of the US. I currently have a 9-5 working in tech support, AirBnbing my guest bedroom after my roommate skipped town, and donating plasma to cover my living expenses.
Five weeks ago, I started a new business, buying, fixing and reselling men's luxury watches. So far, I've sold one watch (an Omega Seamaster) and made a profit of $500 (yay!). I noticed there is a massive need in this industry for honest sellers. There are so many scammers on these platforms!
Right now, I'm focusing on decreasing the time it takes to sell a listing, providing value to my customers and scaling. Unfortunately, this business violates one principle of the CENTS model - scalability.
Luxury watches are very capital-intensive. Therefore, I'll probably consider this a side gig and use the revenue to fund my CENTS business.
If I keep scaling at my current rate, it will take about 15K minimum in capital to break the 6 figure mark (my first goal).
Anyways, thank you, MJ, for creating this forum. I look forward to learning and mastering the watch trading business.
Needless to say, MJ's book changed my life.
I'm a 31-year-old living in the Southeast of the US. I currently have a 9-5 working in tech support, AirBnbing my guest bedroom after my roommate skipped town, and donating plasma to cover my living expenses.
Five weeks ago, I started a new business, buying, fixing and reselling men's luxury watches. So far, I've sold one watch (an Omega Seamaster) and made a profit of $500 (yay!). I noticed there is a massive need in this industry for honest sellers. There are so many scammers on these platforms!
Right now, I'm focusing on decreasing the time it takes to sell a listing, providing value to my customers and scaling. Unfortunately, this business violates one principle of the CENTS model - scalability.
Luxury watches are very capital-intensive. Therefore, I'll probably consider this a side gig and use the revenue to fund my CENTS business.
If I keep scaling at my current rate, it will take about 15K minimum in capital to break the 6 figure mark (my first goal).
Anyways, thank you, MJ, for creating this forum. I look forward to learning and mastering the watch trading business.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs achieve reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circl, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
