Watch Trading Academy is a course from Pejman Ghadimi..
If you're here you're probably wondering if it's a scam or not.
That's what this review will answer.
Below you'll find everything you need to know about this course including background information, price to join, overview of what you get and more.
You'll know if Watch Trading Academy is right for you by the time you're done.
Let's get into it!
Watch Trading Academy Summary
Creator: Pejman Ghadimi
Price to join: $997
Do I recommend? No.
Overall rating: 2.5/5
Watch Trading Academy teaches you how to make money flipping watches.
While I think there's some value with this business model and course, I don't recommend it.
I don't think you can realistically make the type of money Pejman claims you can.
Maybe a few hundred here and there but nothing life changing.
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Who Is Pejman Ghadimi?
Pejman Ghadimi is everything that I don't like about internet marketers.
The main thing that I don't like about him is that he really sells the lifestyle of internet marketing.. which is pretty unrealistic for most people.
Will some make millions online? Sure.
But most people won't.
I've been doing this for years and know some of the most talented internet marketers out there.
Making a full time career out of a side hustle is possible.. I do it full time.
But a very tiny minority is going to make enough to buy Bentleys or Lambos or anything like that.
He's selling you a dream that essentially has zero chance of coming true.
Keep in mind that most of Pejman's income likely comes from SELLING online courses too.
He has another popular course that teaches people to buy exotic cars for their cheapest price.
So he makes a lot of money teaching people how to make money. I have no clue how much he makes outside of that.
Can You Make Money Flipping Watches?
I believe everyone's goal when starting a side hustle should be 6 figures a year.
That's a good living in any part of the world and it'll take a good amount of effort to reach that.
So what is going to take to make 6 figures flipping watches? A lot of money and a lot of time.
Here's a video I watched that actually breaks down the numbers and what it's going to take to make $8000 to $10,000 a month flipping watches:
Basically it'll take this:
If you're a very good marketer you'll probably need two weeks to flip a watch.
If you're flipping Rolex watches you're probably going to be spending $5000 per watch.. this is if you want to make $1200ish per transaction (which seems high to me).
In order to make between $8000 to $10000 a month flipping Rolexs you'll need $50,000 to $80,000 in capital to buy and sell 10 Rolexs a month.
Most likely you won't have that.. you probably won't have enough to buy a single Rolex either.
This means you have to start with $1500 to $2000 watches.
With these kinds of watches you're really only making a few hundred per sale.
It's going to take a lot of time and effort to start at $1500 and work your way up to $50,000 to $80,000 needed to make 6 figures.
Additionally, buying one fake watch would wipe out your earnings and start you back at ground zero.
Keep in mind you're not guaranteed to make anything reselling the watches you buy (I watched one video of a guy breaking even).
That's why I don't like this business model.
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Watch Trading Academy Overview
Watch Trading Academy is broken up into 3 main parts and comes with some extra bonuses.
Here's a breakdown of what you get:
Part 1: Market Research
This section is pretty basic and teaches you how to search for watches.
Basically you just go to the sold section on Ebay and look at the price of luxury watches being sold.
You also will learn about different forums you can check out where you can figure out pricing as well.
Part 2: Authenticity
The counterfeit watch industry is a big one.
In fact, around 30% of the watch industry is people looking for replicas.. they want to look rich without actually being rich.
So there's a lot of fake watches floating around.
Part 2 teaches you how to not get scammed and how to make sure you're buying a real watch.
This includes papers that verify the authenticity of the watch as well as how to determine if a seller is legitimate or not.
Part 3: Selling
This part was pretty disappointing and there really wasn't much training.
You're taught pretty common sense strategies like taking good pictures of the watches and posting them on Ebay and watch forums.
You're also told to basically copy what other successful watch traders are doing too.
Bonus 1: Private Facebook Page
The Facebook group is pretty lively and there's thousands of people in it.
This is where you can ask questions and get answers.
You'll also be able to make connections and build some business relationships.. this is honestly the best way to learn.
Bonus 2: Real Life Replica Examples Demonstration
This bonus will teach you how to inspect watches to make sure they're legitimate and not counterfeits.
The only problem with this is there's replicas that are so good experts have a hard time telling them apart from the real thing.
So while there's some common red flags to learn there's others that you'll likely never be able to detect.
Bonus 3: 250+ Case Studies
This is one of the best parts of Watch Trading Academy.
You'll get access to real life case studies from Pejman and other members actually making money trading watches.
You can copy what you see others doing.
Bonus 4: Watch Over The Shoulder Negotiation
In bonus 4 you'll watch Pejman actively find and negotiate prices for a watch.
Bonus 5: Most Profitable Watches Cheat Sheet
There's a lot of different watches out there and you might get a little overwhelmed about which to buy.
This cheat sheet will show you the top 10 watches and which are best for beginners to trade.
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Watch Trading Academy FAQs
1) Is this course worth $997?
No I don't think so.
I personally think this is how Pejman really makes his money.. by actually selling courses.
The training isn't that good and a lot of it is just common sense.
2) Is Pejman Ghadimi legit?
I guess it really depends how you look at it..
Does he actually make a lot of money? Seems to be he does.
But the better questions is how does he make his money?
It seems pretty clear to me that it comes from selling his various courses.
I also don't like that he sells the lifestyle so much.. naive people won't realize how hard it is to make millions doing something like trading watches.
3) How long is the course?
It's broken up into a few different training modules.. they go over market research, authentication and selling.
Beyond that there's some case studies and other smaller training as well.
It's not very long compared to other courses that cost $997.
4) What does Watch Trading Academy teach?
This course teaches you how to buy luxury watches and how to flip them to make money.
I'd say this is a legitimate business model but one that's going to be very hard to make serious money with.
Also, you'll need tens of thousands to make anything significant as well.
5) Is there a refund policy?
There is a 14 day refund policy but there's strings attached.
You have to show that you actually put the training into action.
"Buyers remorse" won't get your money back.
6) How much will I need to get started?
Besides the training costs Pejman recommends that you have at least $1500 to get started.
This is how much entry level luxury watches cost.
That will get you a few hundred profit if you're lucky. From there you'd have to buy a little more expensive and then make a little more each time.
I'm sure if you had something like $10,000 to start it would be easier to trade watches.
7) Are there any alternatives?
Yes, there's plenty of courses that teach making money as a side hustle.
To see my favorite, click below:
Watch Trading Academy Pros And Cons
I don't know if I'd go that far.
There's some success stories and you can definitely make money flipping watches.
However, I just wouldn't get involved in this business model.. it'll be hard to make any serious money.
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I'd pass on Watch Trading Academy.
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