The Business Credit and Financing Show

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Danny Govberg

How to Buy and Sell Luxury Items and Grow a Luxury Business

Danny Govberg is a pioneering force of the contemporary watch industry. His vision and insatiable passion for watches and technology enabled the evolution of Govberg from a Philadelphia-based retail shop to one of the world’s premier authorized dealers of both new and pre-owned timepieces. Danny recognized years ago that selling new watches was only one way to support the life of a watch collector and set in motion a tech-forward pre-owned strategy that inspired the evolution of WatchBox.

During This Show We Discuss…

  • How Danny turned his 3rd generation Philadelphia Jewelry store into a global powerhouse
  • What’s changing in the luxury retail space, and why is it changing
  • Why pre-owned watches and other luxury goods are quickly becoming popular
  • How well luxury items hold their value versus non-luxury
  • The type of depreciation luxury items have compared to non-luxury
  • How to change your mindset to see items like luxury watches as an investment versus a cost
  • Why luxury assets are worth and priced so much more than non-luxury
  • The biggest upcoming trends in the luxury retail space
  • The mistakes a lot of luxury retailers are making now
  • How to use technology to develop your brand and your business
  • How technology can help you transform your business from old school to powerhouse
  • The types of technology that are working best now in the luxury space
  • How video marketing is changing the luxury space
  • How shows are changing the way luxury items are sold and marketed
  • How to use social media to move luxury assets
  • How to know you’re getting a good deal on luxury items such as watches
  • Where you should look to get the best selection and the best deals on luxury items
  • How to best know if what you’re buying is real or fake
  • How to know which the best watch or luxury asset for you
  • The best way to sell a luxury asset like a fine watch
  • And much more

Show Resources

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