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A Bit of Interesting History

by Tom Damron
(Plano, Texas)


BUYING A WATCH IN 1880


I'd bet you didn't know this Odd history.

If you were in the market for a watch in 1880, would you know where to get one? You would go to a store, right?

Well, of course you could do that, but if you wanted one that was cheaper and a bit better than most of the store watches, you went to the train station!

Sound a bit funny?

Well, for about 500 towns across the northern United States , that's where the best watches were found.

Why were the best watches found at the train station?

The railroad company wasn't selling the watches, not at all.

The telegraph operator was.

Most of the time the telegraph operator was located in the railroad station because the telegraph lines followed the railroad tracks from town to town.

It was usually the shortest distance and the right-of-ways had already been secured for the rail line.

Most of the station agents were also skilled telegraph operators and that was the primary way that they communicated with the railroad.

They would know when trains left the previous station and when they were due at their next station.

And it was the telegraph operator who had the watches.

As a matter of fact, they sold more of them than almost all the stores combined for a period of about 9 years.

This was all arranged by "Richard", who was a telegraph operator himself.

He was on duty in the North Redwood, Minnesota train station one day when a load of watches arrived from the East.

It was a huge crate of pocket watches. No one ever came to claim them.

So Richard sent a telegram to the manufacturer and asked them what they wanted to do with the watches.

The manufacturer didn't want to pay the freight back, so they wired Richard to see if he could sell them.

So Richard did.

He sent a wire to every agent in the system asking them if they wanted a cheap, but good, pocket watch.

He sold the entire case in less than two days and at a handsome profit.

That started it all.

He ordered more watches from the watch company and encouraged the telegraph operators to set up a display case in the station offering high quality watches for a cheap price to all the travelers.

It worked!

It didn't take long for the word to spread and, before long; people other than travelers came to the train station to buy watches.

Richard became so busy that he had to hire a professional watch maker to help him with the orders.

That was Alva.

And the rest is history as they say.

The business took off and soon expanded to many other lines of dry goods.

Richard and Alva left the train station and moved their company to Chicago -- and it's still there.

YES, IT'S A LITTLE KNOWN FACT that for a while in the 1880's, the biggest watch retailer in the country was at the train station.

It all started with a telegraph operator: Richard Sears and his partner Alva Roebuck!



Comments for A Bit of Interesting History

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Interesting Business Stories.
by: Joe Curiel.

I'm starting to connect the dots.

As a volunteer for SCORE (score.org) my interest is to share ideas and learn from those that have operated or want to start a business.

The story of the train station clerks selling watches and Tom Damron's story pointed out a few key thoughts.

1. One never knows when an opportunity, an unwanted shipment of watches, will appear. We need to keep a open mind, and move on opportunities when they appear.

2. Having transferable career skills is definitely a great asset. Will it be easy? In many cases, it might, but in some cases- we will learn from our efforts. Each learning experience is a building block toward growth. We never know until we try.

It was great to hear the success stories that were shared. Many others readers have set-backs that we never hear about, but as I said, those set-backs are valuable learning experiences that can benefit ourselves and others.

Let's share more stories.

WENDY: Good one, Joe!!

Those Post-50 Who Have Succeeded.
by: Anonymous

Joe--

One of my ex- employees retired at 56. He and his wife, a retired teacher, 55, started a 'Cleaner' business. They specialized in cleaning homes, furniture, keepsakes, pictures and such after a home fire, water incident, flood, or other natural disaster. It was very successful and carried them until they sold it at 65 only because the wife had a dibilating eye condition and couldn't see well.

I have another friend who started a garage cabinet installation business. He and his son worked a three state area--Arkansas, Missouri, and Oklahoma. The son still works it after his Dad died from Lewy Body disease.

Another, a college professor at Clemson left teaching and became an Editor for fledging authors, including me. She has more work than she can handle with now published suthors, including me.

The capper-- I retired at 55. I managed some $75 million for a book of 150 clients for nearly 15 years until my wife developed Alzheimer's. I obtained those clients by cultivating CPA's and Attorneys.

If a person has a skill, and mine was financial planning, it is simple to convert that skill into an income stream with just a little effort, advertising, and networking. Believe me, it works.

50+ Entrepreneur Initiative
by: Anonymous

Tom, Hi! Richard is an entrepreneur. Do you think that the 50+ Group have a huge chance to become an entrepreneur or small business owner? Do you know any 50+ people that have started their own small business and actually succeeded making a huge profit?

Joe W.

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