Mike RM Plug’s Watch Pro Academy is a learning platform that teaches how to buy, sell, and trade luxury watches for profit. The courses cover topics like watch investments, market trends, and negotiation skills. Through hands-on training and detailed strategies, participants can turn their passion for luxury watches into a profitable venture.
There are currently no online reviews of Watch Pro Academy. Testimonials are also limited to what its official website publishes. Michael “Mike RM Plug” Herman is a prominent name in the watch trading community. He has a strong network of high net worth individuals. This extends to athletes and celebrities, like Davido and Blaise Matuidi.
This Watch Pro Academy review will cover the ins and outs of the platform, including its courses, student results, and overall worth. We will also touch on who Mike RM Plug is and his reputation in the watch flipping industry. While exploring this program, it's worth considering another business model that might better suit your goals.
Watch Pro Academy Pros and Cons
Pros
Beginner-friendly courses.
The course creator is an authority on luxury watch trading.
Lifetime access.
Cons
Lack of detailed success stories and testimonials.
Watch flipping has a very high learning curve.
The business model requires an enormous capital to make significant profit.
Price
Watch Pro Academy’s The Watch Dealer Blueprint costs $1,495. The price of Watch Pro Academy is $2,495.
Refund Policy
Watch Pro Academy did not outline a refund policy.
Origin
Watch Pro Academy started in 2021.
Reputation
Watch Pro Academy does not have any third-party review online.
This is a good introduction to watch flipping. I’d say I learned the most important things as a beginner. I just wish Mike included everything in a single course instead of having two-level courses.
How Does Watch Pro Academy Turn Your Passion for Watches Into a Full-Time Income?
Watch Pro Academy can turn your passion for luxury watches into a full-time income through hands-on training and detailed strategies.
Watch Pro Academy provides a range of educational materials, including:
The platform's advanced training further delves into:
Access to a community of like-minded individuals also helps students to exchange knowledge and experiences. This keeps them motivated and informed. Watch Pro Academy's exclusive community is currently in the form of a private Facebook Group.
What Are the Watch Pro Academy Courses?
The Watch Dealer Blueprint
The Watch Dealer Blueprint is Watch Pro Academy’s beginner course for trading time pieces. It covers the initial steps in building a watch flipping business, product understanding (starting with Rolexes), marketing strategies, and more. This course’s price is $1,495.
Here’s Watch Dealer Blueprint’s course outline:
Welcome to the Course
Join the Facebook Group
How to Set Up Your Business
Rolex Models that Sell
Rolex GMT
Rolex Datejust
Rolex DayDate II
Rolex Daytona
Rolex Yachtmaster
Rolex Submariner
Rolex Oyster Perpetual
Rolex Skydweller
The Difference Between Serial & Model Number
Social Media Juice
How to Instagram Like a Pro
How to Simply Take Pictures & Videos for Watches
Watch Sourcing 101
How to Determine Your Margin
Retail vs Grey vs Black Market
How to Buy Your First Rolex
Pre vs Post Mindset
Mindset 101
What You Should Do Next
The Basis of Networking
Fundamental Rules of Networking
- Final Message
Watch Pro Academy Masterclass
Watch Pro Academy Masterclass is Watch Pro Academy’s advanced course on watch flipping. This covers identifying fake watches, protecting yourself as a dealer, essential tips, and advanced networking techniques. The Masterclass’s price is $2,497.
Here’s the Watch Pro Academy Masterclass course outline:
Welcome to Watch Pro Academy
Your Journey Starts Here!
Section 1 Quiz
Intro to the Watch Business
Why Are You Here?
Set Up Your Business
Naming Your Company
KEY TERMS
Code of Ethics
Pick Your Niche!
Networking 101 Part I
Networking 101 Part II
Networking Events & Conferences
Quiz
Networking at Events
How to Analyze the Market Before Buying
Identify Your Target Market
Finding the Best Deals
How to Negotiate Deals
Margins
Risk Analysis
Different Watch Movement
Automatic Movement or Self-winding
Swiss Watches
Metals & Materials
Watch Anatomy
Watch as Jewelry
Fake vs Real
Watch Inspection
Watch Boxes
The DO’s & DON'Ts (protect yourself as a watch dealer)
Shipping & Logistics
Watch Care & Warranty
How to Properly Take Pictures & Videos of Watches
Positioning Yourself: Sacrifices
DON’t F*CKIN QUIT!
Interview with Bandman Kevo
TIPS: Make Money on the Buy!
TOP 3 Mistakes to Avoid
Who Is Watch Pro Academy for?
Watch Pro Academy is for beginners, entrepreneurs, traders, and enthusiasts of luxury watches.
First, it caters to beginners who are eager to learn about watch trading. This group may have little to no prior experience. However, they possess a keen interest in understanding the market and developing new skills in watch trading.
The programs also benefit entrepreneurs looking to dive into the lucrative business of watch flipping. Additionally, it is valuable for existing traders who wish to sharpen their skills in evaluating the worth of different timepieces. They may also want to get an insider view of Mike RM Plug’s methods and practices.
Lastly, Watch Pro Academy is suitable for watch enthusiasts who already have a passion for timepieces. In fact, this platform is best recommended for them. This is because of the high learning curve of this business model.
Are The Students of Watch Pro Academy Getting Results?
There is enough information to tell if Watch Pro Academy’s students are getting results or not. We can only refer to the few testimonials posted on the course’s official website.
For instance, Patrick T. said the academy helped him understand so much about the watch. It would have taken him years to learn that much about the industry on his own.
Another testimonial from Bernardo H. said that sourcing was the most important thing for him. The RM Plug’s course helped him in this subject tremendously. Also, Jeremy B. described the program as a “detailed course with step-by-step teaching.”
These are short testimonials that lack details. You should take them with a grain of salt.
Is Watch Pro Academy Worth It?
No, Watch Pro Academy is not worth it. There are just not enough testimonials/success stories to prove the effectiveness of its methods, especially on “sourcing.” Still, you may try to take this course if you’re a watch enthusiast. If you have the passion for watches, you can consume RM Plug’s teachings without regard for profit.
Watch flipping is a highly niched business. Currently, Watch Pro Academy is one of the few courses that teaches this business model. Watch flipping is not as competitive as running an e-commerce store or affiliate marketing. But this is because of its very high barrier to entry, both technical and financial.
Challenges of Watch Flipping
Who Is Mike RM Plug?
Michael Herman, known as Mike RM Plug, is a mentor and a successful entrepreneur in the luxury watch industry. Mike has made a name for himself in the world of high-end timepieces. He founded Omni Timepieces as his watch dealer company. Also, Mike started Watch Pro Academy in 2021 as a learning platform for watch flipping. He prides himself as an expert in Richard Mille watches, thus the name “RM Plug.”
Before venturing into the world of luxury watches, Mike Herman established himself in the fashion industry. He founded the Leather Clothing Factory (LCF). This is a brand that specializes in leather apparel, including t-shirts, hoodies, and jackets. Leveraging connections in China, Mike quickly scaled his business by selling products on Etsy. His products caught the eye of celebrities like Kevin Durant and Russell Westbrook.
Despite his success in fashion, Mike felt unfulfilled and sought a new challenge. His journey into the watch industry began at an Art Basel event in Miami. There, he met a mentor who would change his life. With no prior knowledge of high-end watches, Mike dedicated himself to learning the trade. For a year, he worked for free with his mentor. Mike gained hands-on experience in trade shows and in-store visits.
Mike was raised in the Ivory Coast and later in Miami. He graduated with a degree in fashion from the University of Central Oklahoma in 2009.
Pejman Ghadimi vs Mike RM Plug on Watch Flipping
Pejman Ghadimi is well-known for his Watch Trading Academy (WTA). His course focuses on acquiring luxury watches at their lowest market value and then selling them for a profit. Ghadimi's students learn to identify different types of watches. This includes commercial, fashion, mid-range, and boutique watches.
In contrast, Mike RM Plug emphasizes on what he believes as the most important aspect of watch flipping, which is “sourcing.” He also advises beginners to start with more affordable brands before moving to high-end luxury watches.
One key difference between Pejman Ghadimi and Mike RM Plug’s courses are the prices. Pejman Ghadimi’s Watch Trading Academy costs $497 if you watch the 2-hour free training. Otherwise, it’s $1,997. Mike RM Plug’s basic course is $1,495 and $2,497 for the masterclass.
How to Become a Watch Dealer?
To become a watch dealer, you need to:
Why Local Lead Gen Biz Is Better Than Flipping Watches?
Starting a local lead generation business often requires a lower initial investment compared to flipping luxury watches. For example, setting up a website might cost a few hundred dollars. On the other hand, watch flipping involves buying high-end watches, which can be expensive and risky.
Local lead generation is less time-consuming once the initial setup is complete. After successfully ranking a site from local search results, it can run passively with minimal monitoring. In contrast, flipping watches demands continuous effort. This includes finding buyers, negotiating deals, and shipping products.
The market for local lead generation may have less competition than the luxury watch market. Many people are interested in luxury watches, leading to a crowded and competitive market. Local lead generation targets niche markets and local businesses. This reduces the number of direct competitors.
Local lead generation can offer a high return on investment. You can rent out a ranked website at a fixed $500-3K a month. For watch flipping, the profit depends on the price difference between buying and selling each watch. This can be inconsistent due to market fluctuations.
Compared to watch flipping, local lead generation offers a more passive income stream. Once the lead generation system is in place, it requires little daily management. In contrast, watch flipping is highly active, requiring constant buying and selling.
In conclusion, local lead generation offers lower initial costs, less competition, and the potential for passive income. It is a more preferable option for many entrepreneurs.
