ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
7 April 2017, 04:33 AM | #1 |
2024 Pledge Member
Join Date: Nov 2014
Real Name: Jonathan
Location: New York
Watch: GMT & SUB
Posts: 703
|
benefits/discounts of working at Rolex AD?
I was wondering what are the benefits/discounts of working at a Rolex AD? I see almost all the sales reps have really nice and almost always current model Rolex/Tudor watches on their wrist. I was wondering how that works. One of the reps was telling me the discount was very substantial, however did not disclose to me the actual percentage. Is anyone else curious about this, or does anyone have any more information about this would be really interesting to find out. I am also assuming that Rolex forbids them from selling the discounted watches.
|
7 April 2017, 04:43 AM | #2 |
Banned
Join Date: Aug 2016
Location: United States
Posts: 1,864
|
I've always been somewhat curious as well (not that I'm going to go get a job at a jewelry store just to procure a discount on a Rolex). With all of the threads pertaining to 10% AD discounts, one would imagine that a sales rep gets a better deal than the average 'walk-in' customer.
|
7 April 2017, 04:50 AM | #3 |
"TRF" Member
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,892
|
Having worked in commission sales before, you could not give me a Rolex for free and ask me to work in retail ever again.
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Breitling Superocean Steelfish, JLC Atmos Transparent Clock |
7 April 2017, 04:53 AM | #4 |
"TRF" Member
Join Date: Jan 2016
Location: New York
Posts: 23
|
I do not know how much of a discount they receive but i have heard when they purchase a watch with their discount they must have it engraved with their name.
|
7 April 2017, 05:08 AM | #5 |
"TRF" Member
Join Date: Feb 2017
Location: Bordeaux, France
Watch: SubCLV. SubCNodate
Posts: 64
|
In the UK 30 percent unless sales items, then 10 percent.....
|
7 April 2017, 05:15 AM | #6 |
"TRF" Member
Join Date: Jul 2010
Real Name: Justin
Location: Wisconsin
Posts: 1,307
|
I believe they get the option to purchase at cost but it has to have your initials engraved on the caseback. I'm not sure how often they get to buy a watch.
|
7 April 2017, 05:15 AM | #7 | |
Banned
Join Date: Jul 2010
Real Name: Sam
Location: UK
Watch: AP ☠️
Posts: 6,151
|
Quote:
The salesman I know quite well has said he gets 30% off one Rolex purchase a year for himself or immediate family (only on the second year of working for them) and only on non demand models. |
|
7 April 2017, 05:15 AM | #8 |
Banned
Join Date: Jun 2011
Real Name: Gary
Location: leeds
Watch: Deepsea D Blue
Posts: 454
|
I was once talking to the sales guy in goldsmiths in the uk and they get 30% discount on Rolex watches but can only buy one watch per year , still it's a good discount ! He had a steel date ceramic sub ! If only we got 30% off !
|
7 April 2017, 05:22 AM | #9 |
Banned
Join Date: Aug 2016
Location: United States
Posts: 1,864
|
|
7 April 2017, 05:24 AM | #10 |
"TRF" Member
Join Date: Jul 2016
Real Name: Gustavo
Location: Miami Beach
Posts: 230
|
They get cost (40%) minus and additional 10%. They have to get their initials engraved and can make a purchase every 5 years. There's a small list of watches that do not qualify however, SS Daytonas, BLNR GMT II, etc.
|
7 April 2017, 08:46 AM | #11 |
2024 Pledge Member
Join Date: Feb 2010
Real Name: Neil
Location: UK
Watch: ing ships roll in
Posts: 59,304
|
I heard from an AD manager that he gets it at pretty much cost but only 1 a year as well. The junior staff did not get the same discount.
|
7 April 2017, 09:00 AM | #12 |
"TRF" Member
Join Date: Apr 2008
Real Name: Tom
Location: In a race car!
Watch: ME RACE PORSCHES
Posts: 24,123
|
One at cost with engraved yearly
|
7 April 2017, 09:06 AM | #13 |
"TRF" Member
Join Date: Mar 2015
Location: RI
Watch: blusylvx2blnrsmpbb
Posts: 723
|
I have heard the same as above but you can only 2 watches and then you can not buy any more .
|
7 April 2017, 09:29 AM | #14 |
"TRF" Member
Join Date: Mar 2006
Location: Canada
Watch: Yachtmaster & SubC
Posts: 641
|
Interesting. I was at an AD the other day and the sales rep I was talking to was a young guy in his mid twenties I figure and was rocking a nice BLNR. I figured they would get a pretty heavy discount.
|
7 April 2017, 09:37 AM | #15 |
"TRF" Member
Join Date: Sep 2012
Location: USA
Watch: Lots
Posts: 4,469
|
I know a guy who works at a Rolx AD that also sells many other high end brands...Patek, Breitling, Panerai
He can purchase watches slightly above cost at a limited number, but even cooler than that is that the store he works at has many "demos" that the employees wear in rotation. |
7 April 2017, 09:46 AM | #16 |
"TRF" Member
Join Date: Oct 2015
Location: GA
Watch: All of them...
Posts: 407
|
62% of retail minus 20% direct from Rolex. 2 per lifetime...
|
7 April 2017, 10:11 AM | #17 |
"TRF" Member
Join Date: Jan 2015
Real Name: Joshua
Location: Atlanta
Watch: Pelagos
Posts: 7,925
|
So what kind of markup is on a Rolex? I see "at cost" but what is cost?
|
7 April 2017, 10:15 AM | #18 |
"TRF" Member
Join Date: Oct 2015
Location: GA
Watch: All of them...
Posts: 407
|
|
7 April 2017, 10:16 AM | #19 |
"TRF" Member
Join Date: Mar 2006
Location: Canada
Watch: Yachtmaster & SubC
Posts: 641
|
|
7 April 2017, 12:32 PM | #20 |
"TRF" Member
Join Date: Jun 2013
Location: Oregon
Watch: own 18 watches
Posts: 117
|
|
7 April 2017, 12:36 PM | #21 | |
Banned
Join Date: Sep 2016
Location: Chicago
Posts: 554
|
Quote:
How long do you have to work there to qualify? |
|
7 April 2017, 12:43 PM | #22 | |
"TRF" Member
Join Date: Jun 2013
Location: Oregon
Watch: own 18 watches
Posts: 117
|
Quote:
Your owner or manager has to write a letter stating that you are actively engaged in selling their product, and you need approval from the Rolex representative. The rep usually knows who is on the sales floor or whether it's BS. I had sold mine, purchased at retail, and didn't wear one for years, have 16 other watches, and our rep told me that I needed to buy one. I now have three, two purchased directly with permission. Sent from my iPad using Tapatalk |
|
7 April 2017, 12:47 PM | #23 | |
Banned
Join Date: Sep 2016
Location: Chicago
Posts: 554
|
Quote:
But, as another has said in an earlier post, it's awfully tough work. Especially in high pressure, commission based environments. Congrats on your recent retirement, we are very fortunate to have you here. |
|
7 April 2017, 01:00 PM | #24 |
2024 Pledge Member
Join Date: Nov 2014
Real Name: Jonathan
Location: New York
Watch: GMT & SUB
Posts: 703
|
|
7 April 2017, 01:01 PM | #25 | ||
"TRF" Member
Join Date: Jan 2016
Location: Singapore
Posts: 30
|
Quote:
Quote:
Does this applies to every country ADs...? |
||
7 April 2017, 01:17 PM | #26 |
"TRF" Member
Join Date: Nov 2016
Real Name: Anthony
Location: Florida
Watch: LVc | SubC
Posts: 2,285
|
That's pretty cool. If I ever retire (doubtful, I like working too much) I would consider getting a job at an AD and selling them just because I really enjoy talking about watches with other people. The only thing is retail is terrible...
|
7 April 2017, 07:33 PM | #27 |
"TRF" Member
Join Date: May 2015
Real Name: Mitch
Location: UAE
Watch: Big Ben
Posts: 2,451
|
No. In some other countries discount depends on the model. (Higher for 2 tone or pm, less for ss). Some models are not so easy to be purchased by the staff. Not all ADs have the requirement to engrave it. Must be a UK thing.
__________________
IG: @watch_idiot_savant |
7 April 2017, 08:03 PM | #28 |
2024 Pledge Member
Join Date: Dec 2015
Location: Conshohocken
Watch: What?
Posts: 823
|
This it true and it is permitted once a year ... the initials are to discourage resale.
__________________
dive deep dive long 1503 16263 16610 228238 16623 |
7 April 2017, 08:54 PM | #29 |
"TRF" Member
Join Date: Jun 2016
Real Name: Lee
Location: South East Asia
Watch: Tudor Pro
Posts: 1,782
|
Thanks Op for the topic and guys who responded. Interesting and learn something new everyday!
|
7 April 2017, 08:59 PM | #30 |
2024 Pledge Member
Join Date: Aug 2009
Real Name: Travis
Location: FL / NYC
Watch: Yes..
Posts: 32,528
|
10% below dealer cost after 1 year of employment.
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.