From Quitting at Barclays to a Full Time Luxury Watch Re-Seller | Phil Reid | #14

On today's episode of the Inkspired Mind podcast, I am joined by Phil Reid, a luxury watch re-seller with a passion for timepieces that dates back to his childhood, when his father introduced him to the world of watches. After spending a few years at the Barclays, Phil realised that it wasn't for him and decided to pursue his passion for sports instead. However, he soon discovered that the sports industry had many of the same aspects that he didn't enjoy about the corporate world. That's when Phil decided to start his own business of reselling luxury watches, a career that allows him to pursue his passion while also providing a sense of fulfilment.

#business #watch #reseller #jatznaran #philreid
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⏱️ Time Stamps:
00:00 Intro
01:43 Early life
04:56 Joining Barclays
06:35 Love island
11:22 Exploring options after quitting Barclays
16:42 Spending whole student loan on a watch
18:26 Staying away from home at 13 years old
21:40 How much does one need to start reselling watch business?
22:49 Phil's watch collection
23:15 Opinion on investing: watch vs property
25:00 How hard is it to get a luxury watch from an authorised dealer?
27:22 How do you get a luxury watch since you are well known?
27:57 Profit margin on selling the expensive watch
29:26 How many watches do you sell a month?
30:41 Watch reselling while at Barclays
31:16 Finding clients
32:10 Risk of wearing a luxury watch in London
35:12 What do you look for in a luxury watch as an investment?
37:07 What makes a submariner Rolex so valuable?
37:52 Views on Hublot watch
39:38 Top 5 brand watches for less than £10,000 as an investment
41:01 Selling watches to famous people
42:14 How toxic is the watch community?
43:34 Meeting Iman Gadzhi
44:43 A day in the life of a watch reseller
47:03 Fear of failing business
49:14 Modern type of watch reseller
52:07 Famous Nico Leonard
52:36 End goal of your business
55:23 7 deep Inkspired Mind Questions
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PHIL REID Socials:
📺 YT: ‪@Watchlifedubai‬
📸 IG:   / philreidx  
🕊️ Twitter:   / philreid  
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BE MY FRIEND:
📺 YT:    / @jatznaran  
📸 IG:   / jatznaran  
🎵 TikTok:   / jatznaran  
🎧 Spotify: https://anchor.fm/jatznaran
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CONTACT:
For business inquires only, please use this email: [email protected]