I recently read an article about incomes in China, Shanghai and other Asian countries.
Then it hit me!
Let's say a dealer here on the board sells 10 watches every day (I know they have more channels to sell their watches and they probably sell more) but let's say on average 10 per day.
I also read in the Guangzhou report (here on RWG) about the $95 Rolex Daytona .... so let's say that the average profit on a watch is $100,- (and again I know it's a lot more).
If we do the math:
10 watches * $100 = $ 1000 (each day!) .....* 25 days (taking into account some days off ) = $25,000!!!! Compare that against the average monthly income in China (around $100~150 max.).
And don't forget this is an underestimation. Personally I think the monthly income could also easily hit the $100,000
With this kind of money involved I do think our dealers are millionaires (even if it's only relative).... they earn an average monthly salary with one watch!
What do you guys think?.... thoughts, insides, opinions?