Online watch seller with batteries and straps

Online shoppers looking for a gift or a particular style, and people who want a quick battery or strap fix without visiting a shop.

Margin on watches and straps, plus flat fees for battery and strap services. Postage can be charged or built into prices.

• Online selling and product photos
• Basic watch handling and battery work
• Customer messages and order admin
• Spotting genuine watches from fakes

• Fake or stolen pre-owned watches, so check where stock comes from and keep records
• Australian Consumer Law obligations on refunds, returns and warranties, so check what applies to you
• Council approval for running a business from home, and whether you can have customers visit
• Insurance for stock and for customers' watches in transit or in your care
• Postage costs and lost parcels on high-value items, so check insured delivery options
• Check whether you need to register for GST once turnover reaches the threshold

Startup costs are typically around $1,500 to $8,000, depending on how much stock you buy, the tools you need for battery and strap work, and how you set up your online store. These figures are estimates only.

Monthly revenue is typically around $500 to $4,000, depending on your range, how much time you put in and how well your listings sell. These are estimates, not guarantees, and revenue is not the same as profit.

Check where pre-owned stock comes from and keep records, as fake or stolen watches are a risk. Also check Australian Consumer Law on refunds and warranties, council approval for a home business, insurance for stock, and whether you need to register for GST.