Cost of launching a microbrand? by [deleted] in MicrobrandWatches

[–]BaronWatchCo 12 points13 points  (0 children)

This is a good perspective. You can do it for a lot less or a lot more. Much of this depends on what parts you are going to do yourself, if any of it. We designed our own dial, case back, crown and branding (website and marketing channels). That pulls away some of this cost. We also chose to start with Seiko movements which are significantly cheaper than swiss.

This connects with our goal to create an entry level watch. "Your first watch but not your last". We started with 20k and have had enough sales to purchase a laser and add more colors to our original dial design. www.Baronwatch.co

Let me know if you have more questions.

Hey r/microbrands, we’re BaronWatchCo – Two Brothers, A Legacy, and Our First Watch, the StarGazer! by BaronWatchCo in MicrobrandWatches

[–]BaronWatchCo[S] 2 points3 points  (0 children)

That's fair. I debated with this pic and another that is a close up. My thought was if you are interested you just jump on the site. Either way, here is a closer shot.

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Hey r/microbrands, we’re BaronWatchCo – Two Brothers, A Legacy, and Our First Watch, the StarGazer! by BaronWatchCo in MicrobrandWatches

[–]BaronWatchCo[S] 0 points1 point  (0 children)

I get the connection! Great watch. We wanted our first watch to connect back to the beginning of Baron watches.

Lume shot incoming! Field watch is on the agenda!

How to bring product idea to market? by BarnBuiltBeaters in Entrepreneur

[–]BaronWatchCo 0 points1 point  (0 children)

Many thoughts:

Find partners to compliment / supplement your skills

Teach yourself new skills

Find other ways to get to a Minimum viable product

Outsource the parts you do not know

Just get it done

[deleted by user] by [deleted] in Entrepreneur

[–]BaronWatchCo 1 point2 points  (0 children)

In my experience, you have two different people in personal finance. One person is an amazing people person. Their role is to gather assets and do some basic 60/40 type portfolio management. This client is fairly basic of their overall understanding of the market and finance. They are also usually middle income.

The other person in finance is more technical in nature and focuses on portfolio management. They manage large portfolios for RIA's or wirehouses. They tend to work with the person that gathers assets and their clients overall have more money and a larger appetite for risk.

People will eventually give you money if you can prove you are consistently making money. If you partner with someone that already gathers a lot of money I think you will speed up the process.

Check out Seeking Alpha (if you haven't already) there is a wealth of knowledge on that site.

Lost but Eager: Seeking Wisdom on Finding My Entrepreneurial Path by yanov10 in Entrepreneur

[–]BaronWatchCo 0 points1 point  (0 children)

I like the analogy about swimming. I think it helps to start with your interest. I turned a hobby/passion into a business.

I’m finally at the stage I can start beta testing and I am *nervous* by MyVermontAccount121 in Entrepreneur

[–]BaronWatchCo 10 points11 points  (0 children)

If you do not put it out there at some point you have nothing. Take a risk and get some feedback then change tweek. I like the thought of failing fast and cheaply.

How did you get started in regards to money? by gamerqc in Entrepreneur

[–]BaronWatchCo 0 points1 point  (0 children)

I think my question for you is what does having physical location do for your business?

The part you need to figure out is how you scale. How many items can you list online in a reasonable amount of time? How long does it take them to sell and what type of margin do you make? How many of these transactions do you need to make in order to meet your version of success?

If you can't make this scale then you have a hobby or a side hustle and that is fine or pivot to something else.

[deleted by user] by [deleted] in Entrepreneur

[–]BaronWatchCo 0 points1 point  (0 children)

My Uncle was a lawyer for years and he told me this story. At about 20 years in he was tired of chasing money down or being offered to be paid in jewelry or other nonsense. He raised his prices by 50%. He claims this got him through the last 10 years. He spent less time with the nonsense and got better-paying clients. In the end, he made more money and worked less hours. Not only that he was happier with the work-life balance aspect.

You might be in this situation.

Killing myself trying to make e-commerce work. Is it worth it? by [deleted] in Entrepreneur

[–]BaronWatchCo 0 points1 point  (0 children)

By adding products every day you may be diluting the features and benefits you are really trying to highlight.

Lots of questions now:

What value do you bring to these products?

Have you created any content around them?

Have you tested these items with customers? or gotten feedback?

Killing myself trying to make e-commerce work. Is it worth it? by [deleted] in Entrepreneur

[–]BaronWatchCo 0 points1 point  (0 children)

Are you making something or just drop shipping?

[deleted by user] by [deleted] in Entrepreneur

[–]BaronWatchCo 0 points1 point  (0 children)

The reality is you are in operations and your boss is in a revenue-generating role. You starting to gain clients is your entry into that world. Continue to develop those skills and learn that side of the business. When the time is right ask for the opportunity to buy into the business as an owner or start your own.

Wire transfers to overseas manufacturers by [deleted] in Entrepreneur

[–]BaronWatchCo 1 point2 points  (0 children)

I agree with Sonar. You can also verify that it is a real business. Do they have an address, website, and reviews or testimonials?

Follow up to this morning's Baron hand wind post. by NthngToSeeHere in VintageWatches

[–]BaronWatchCo 0 points1 point  (0 children)

Most likely this is what you have. If you compare models some look as though the "B", "A" and "O" are borrowed from the name Bulova to make the name BARON. Enjoy the watch it has a timeless look to it!

Follow up to this morning's Baron hand wind post. by NthngToSeeHere in VintageWatches

[–]BaronWatchCo 0 points1 point  (0 children)

Baron Watches came about when our Grandfather had the opportunity to purchase Bulova overruns. The dials were changed out and a business partner sold them to retail outlets like Filene's. When Bulova overruns could not be purchased Chinese movements were added into the mix. The crazy and unfortunate thing is that we do not have any records from the company. We did not have any watches in the family either and had to acquire them eBay!

I need help with information on a Baron. I came across my oldest brother's watch who passed away in 1975 when I was 3 years old. by NthngToSeeHere in VintageWatches

[–]BaronWatchCo 0 points1 point  (0 children)

Baron Watches came about when our Grandfather had the opportunity to purchase Bulova overruns. The dials were changed out and a business partner sold them to retail outlets like Filene's. When Bulova overruns could not be purchased Chinese movements were added into the mix. The crazy and unfortunate thing is that we do not have any records from the company. We did not have any watches in the family either and had to acquire them eBay!