Categories: Entrepreneur

His side hustle evolved into a full-time business generating over $10 million annually

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At just 25 years old, Michael Morgan is the owner of Iconic Watch Company, a business that has grossed over $110 million in revenue since its inception. But Morgan’s journey to success started at a much younger age, when he sold his first Rolex Submariner at the age of 13.

Morgan’s interest in watches began at a young age, fueled by his appreciation for “old things.” Starting with a fascination for Porsches, Morgan eventually turned his attention to collecting coins, stamps, and fountain pens before delving into the world of watches.

After purchasing his first vintage Rolex Submariner at age 12, Morgan quickly realized the potential for profit in his hobby. Listing the watch for sale online, he was surprised when it sold for $5,200 within two days. This early success sparked the realization that his passion for watches could also be a lucrative business venture.

Despite facing challenges as a young entrepreneur, such as skepticism from potential customers due to his age, Morgan persevered and eventually grew his business into a multi-million dollar enterprise. Today, he is known for sourcing some of the rarest vintage watches, primarily Rolexes, and has sold thousands of watches to clients around the world.

With annual revenue exceeding $10 million since 2017, Morgan’s dedication to his business has paid off. Recently, he sold a 1970 Rolex Cosmograph Daytona for $750,000 to a collector in Asia, showcasing the high demand for his curated collection of timepieces.

Morgan’s story serves as inspiration for young entrepreneurs, encouraging them to pursue their passions and turn them into successful business ventures. As he reflects on his journey, Morgan emphasizes the importance of leveraging one’s passion to make the hard work of entrepreneurship more enjoyable and rewarding.

Team@GQN.

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