He started a luxury side business at the age of 13. Today the company makes more than $10 million a year: 'People want to help you when you're young'

Michael Morgan, NOW THE 25 years owner of Iconic Watch Business, sold her First of all Rolex Submariner When he was just 13 years old — A sale that came about mostly out of boredom. "When You are 12, 13, You generally get bored of things very, very quickly," Morgan tell Entrepreneur. "SO In six month [of purchase he], I knew that I research has sell [THE ancient Submariner]."

How did A 13 years END up with A side hustle sale Dear Watches ? From A young age, just about eight Or nine, Morgan said he had A appreciation For "old things." He began with Porsche — "I could take out All about them." But children can't go out And buy A car, SO Morgan begin has collect coins, stamps And Fountain pens Before turning her attention has watches.

Image Credit: Courtesy of Iconic Watch Business. Michael Morgane.

"Identifier always love watches, " Morgan remember. "My dad had A couple of Good watches. When I was about ten years old, I begin has read about watches permanently. Poached watches First of all. And a lot as coins, stamps And pens, I accomplished poached watches are not Really useful. And Since there on, I spent most of My time while reading about watches. [THE book] Ancient Rolex became THE concentrate."

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Morgan porous on THE pages of that book each day And Ultimately bought her First of all ancient Rolex Submariner has age 12, trade A couple of watches he possesses And using a few savings has TO DO THE purchase that would be cut disabled her side hustle. "I remember he cost Me $3,500, which has THE time seemed as A tremendous sum of money," Morgan said.

Morgan listed THE watch For A "optimistic" $5,500 on A online forum — And was somewhat surprised When THE piece sold In two days For $5,200. That was When "THE light bulb went disabled;" Morgan accomplished that her hobby could double as A serious lucrative business. Although socket THE business full time was not possible For THE young entrepreneur SO, he saw THE adventure as something amusing that could help him buy more watches.

"[When I said] 'I am In fact 14 years old,' he was breath far. And he In fact finished up become A [regular customer]."

A little years later, Morgan knew her sale of watches side hustle was THE real agreement. He Already took up most of her time, And "school was certainly secondary." Morgan sold watches during her lunch hour And regularly ease transactions In THE $50,000 and up range, he said. Despite THE early success, When he was departure out, Morgan doesn't as socket phone calls — because they would be give far her age.

"I had This A customer WHO was interested In purchase two the watches, SO I knew that I had has TO DO A phone call," Morgan remember. "I am on THE phone with him. I came disabled All right, And has THE END, he request Me how old I was. I was as, Oh God. I said him [I was 14]. First of all, he thought he was A joke. [But When I said] 'I am In fact 14 years old,' he was breath far. And he In fact finished up become A [regular customer]."

Although be A young entrepreneur was not without It is challenges, he did come with A major advantage — "A plot of people to want has help You When You are young," Morgan said.

Related: When This Entrepreneur I could not Decide What has Name Her Business, He Begin A $2,000 per month Side Hustle has Help — NOW He Won On $10 Million A Year

By THE time he was 18, Morgan had No interest In college, but her...