benefits/discounts of working at Rolex AD?

[Jcy90]

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.

[BristolCavendish]

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.

[beshannon]

Having worked in commission sales before, you could not give me a Rolex for free and ask me to work in retail ever again.

[pballer110]

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.

[Sailaway68]

In the UK 30 percent unless sales items, then 10 percent.....

[jnelson3097]

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.

[SC11]

Originally Posted by Sailaway68

In the UK 30 percent unless sales items, then 10 percent.....

Heard very similair!

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.

[garyfromleeds]

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 !

[BristolCavendish]

Originally Posted by beshannon

Having worked in commission sales before, you could not give me a Rolex for free and ask me to work in retail ever again.

Yep. Especially when a lunch/dinner break and finally being able to go home are about the only things to look forward to.

[zerocool]

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.

[AK797]

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.

[tkerrmd]

One at cost with engraved yearly

[JLM3]

I have heard the same as above but you can only 2 watches and then you can not buy any more .

[Louis (Toronto)]

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.

[Sublovin]

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.

[GP13]

62% of retail minus 20% direct from Rolex. 2 per lifetime...

[c41006]

So what kind of markup is on a Rolex? I see "at cost" but what is cost?

[GP13]

Originally Posted by c41006

So what kind of markup is on a Rolex? I see "at cost" but what is cost?

62% of retail in US.

[Louis (Toronto)]

Originally Posted by c41006

So what kind of markup is on a Rolex? I see "at cost" but what is cost?

I think cost is 62% of retail.

[MikeMc]

Originally Posted by GP13

62% of retail minus 20% direct from Rolex. 2 per lifetime...

Above info is accurate.
+ $35.00 for shipping, engraved with your name, 2 per lifetime is the current policy, and you agree not to resell it.


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[blue16613]

Originally Posted by MikeMc

Above info is accurate.
+ $35.00 for shipping, engraved with your name, 2 per lifetime is the current policy, and you agree not to resell it.


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So, a 38% discount from the AD PLUS another 20% from Rolex??
How long do you have to work there to qualify?

[MikeMc]

Originally Posted by blue16613

So, a 38% discount from the AD PLUS another 20% from Rolex??

How long do you have to work there to qualify?

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.


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[blue16613]

Originally Posted by MikeMc

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.


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Wow, very cool!

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.

[Jcy90]

Originally Posted by GP13

62% of retail minus 20% direct from Rolex. 2 per lifetime...

Basically 50% off? That's crazy!

[JigsawPuzzle]

Originally Posted by MikeMc

Above info is accurate.
+ $35.00 for shipping, engraved with your name, 2 per lifetime is the current policy, and you agree not to resell it.


Sent from my iPad using Tapatalk

Originally Posted by MikeMc

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.


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Awesome.. Thanks for such great info...

Does this applies to every country ADs...?

[Bigsykedaddy]

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...

[Verdi]

Originally Posted by JigsawPuzzle

Awesome.. Thanks for such great info...

Does this applies to every country ADs...?

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.

[dddl]

Originally Posted by jnelson3097

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.

This it true and it is permitted once a year ... the initials are to discourage resale.

[Scapegoat]

Thanks Op for the topic and guys who responded. Interesting and learn something new everyday!

[travisb]

10% below dealer cost after 1 year of employment.