Authorized Rolex Dealer

[Pep04]

How can one become an authorized dealer?

[blueduds]

send in a resume and kiss some shoes.

[gmtobsessed]

Yep, you need hefty capital though.

[Pep04]

i have extensive business experience but none in jewelry. would this put me out of the running automatically?

[JJ Irani]

Originally Posted by gmtobsessed

Yep, you need hefty capital though.

....and plenty of cleavage!!

[Pep04]

JJ, who do I have to talk to and where does someone send a resume? the rolex page has nothing.

[JJ Irani]

Originally Posted by Pep04

JJ, who do I have to talk to and where does someone send a resume? the rolex page has nothing.

I would love to help, but I honestly don't even have a clue as to where you should start.

Wait for someone from this forum to come along - maybe they could give you some advice.

Good luck - JJ

[Pep04]

Thanks JJ. I see why people like you here. I'm new here by the way. Nice to meet you

[JJ Irani]

Originally Posted by Pep04

Thanks JJ. I see why people like here. I'm new by the way. Nice to meet you

Nice to meet you as well, buddy. Hope you enjoy your stay on this wonderful forum. Lots to learn and some wonderful guys here to help out!!

Enjoy - JJ

[mustangbrad]

Do you have a ton of cash? or ability to finance a ton of cash?

[blueduds]

Hey JJ question if i May. You look like you have alot of money, how did you get so much money, if i may ask.

[Pep04]

Well whats a ton?

[mustangbrad]

The ability to hold 125k in new Rolexes in the shop at any given time. A nice 100 - 200k jewelry setup also would work well.

[Pep04]

Assuming I can, then what? By the way, I really appreciate your help.

[blueduds]

Find a good location and during this contact some rolex reps and give them a business plan. If everything looks good, you should be good.

You should prolly find a partner, which will help with the debt of starting.

[Tick Tok Zak]

Hey... All the above is a crap!

To be a Rolex dealer you have to be Millionaire for sure. Also, Rolex does not like to give dealership to a company or corporate driven firm.

All the Rolex dealers in the world are hand picked by Rolex after very long reseach and verification. Usually, given to known Family own business.

For eg. Carl F. Bucherer the Largest Rolex dealer out of Switzerland is a family own business of dealership.

Seddiqi and Sons from Dubai so on & so forth...

Trust me the names I mentioned above they dont even think of money. Infact, the dealer in Dubai named a 60 storey building after Rolex in a upmarket prime area. IMAGINE... the whole property named Rolex Towers. And Carl F. Bucherer makes its own timepieces which are expensive then Rolex too...

Also, one more story which does rounds is from Basel watch Fair people who are already in watch business for years drop their business card along with blank cheque in Rolex kiosk. Still, the Rolex Rep. have no time to meet them for years.

For Rolex money is not important what they value the most is credentials...

[Pep04]

Why is then that people in the "gray" market can sell watches much less than the brick and mortar authorized dealer stores (i.e. Mayors). I have a buddy who has purchased $ Rolex and a Panerai from a dude that gets his watches from a AD. He sells them because the AD can't discount and they split the profit. AND I MEAN PROFIT. This guys sells 8-15 watches a month with a $1000-$2000 profit on cheaper watches and $6000-$8000 on gold and special editions.

This guys works out of his house and obviously won't say who the contact is. I want to get into selling part time because i have a passion for watches and who wouldn't want to make some scratch doing what they love.

By the way, I'm in construction here in Miami. And it's gotten slow so now I have the time. I fish Monday Thursday and Saturday...why not sell a few watches in between.

[mustangbrad]

Good thought pep about buying and seling in free time. How about the idea, like many, many on ebay and here do. Buy quality used rolexes and sell them for $500, 1k over your cost? Assuming you have the time and funds to find good deals here and there. My biggest worry would be getting a fake watch or other scam where watch never came and there would go all your profit from past sales.
Tick is full of it if he thinks Rolex doesn't care about money. That's why the prices go up every year.

[Max]

Originally Posted by Pep04

Why is then that people in the "gray" market can sell watches much less than the brick and mortar authorized dealer stores (i.e. Mayors). I have a buddy who has purchased $ Rolex and a Panerai from a dude that gets his watches from a AD. He sells them because the AD can't discount and they split the profit. AND I MEAN PROFIT. This guys sells 8-15 watches a month with a $1000-$2000 profit on cheaper watches and $6000-$8000 on gold and special editions.

It works just like your buddy is doing. People with contacts at ADs can pick up the watches at cost and sell them for what they want. They're not an AD so in many cases the warranty is not valid, but nothing is stopping them from selling at whatever price they wish. They don't have rent/mortgage to pay on their store, they don't have to pay employees and generally they only accept wire transfers so they aren't paying their credit card merchant. Lower overhead means lower prices.

[mustangbrad]

In today's economy, I think the good ole brick and mortar stores have way too much competition. Discount wholesalers, no tax out of state shipping, low overhead costs. The cost to rent the store, have employees, utilities, etc. Compared with the online business of inventory on demand after a purchase is made.

[Pep04]

Max, I thought the same thing about the warranty. But he sells you watches at ridiculously good values and the warranty is good with Rolex! He accepts credit cards and besides that and ebay, there is no overhead.

But if you make $2000 per watch who cares paying $100 to visa and $100 to ebay.

I'll be fishing while people order watches!!!

[Pep04]

Is it true that AD get watches at 55% the list price? That leaves Gray market guys tons and tons of profit!!!!

[ColinB]

Originally Posted by blueduds

Hey JJ question if i May. You look like you have alot of money, how did you get so much money, if i may ask.

He works hard!

[Pep04]

So is there any AD that are willing to sell me a lot of say 8-10 watches so I may start my home business?

[JJ Irani]

Originally Posted by ColinB

He works hard!

Thanks, Colin......I thought that was getting a bit too personal, especially on an international forum.

Yes, I have worked hard all my life - there is no substitute for good, hard, honest work - a lot of blood, sweat and tears!!

I was in the Middle East for almost 7 long years and was able to save a lot there. I've always held good paying jobs and I have been careful with my money - no smoking, no gambling, no womanising and just the occasional beer!! And definitely no CREDIT CARDS - they kill you!!

I've always tried and lived on the simple, straight-forward policy: If you can't afford it, don't buy it!! And if you can, then go for it!! Can't get any simpler than that, can it? We should all try and live within our means and NEVER try to live up with the Joneses!!

Cheers - JJ

[Ultraman]

Originally Posted by JJ Irani

Thanks, Colin......I thought that was getting a bit too personal, especially on an international forum.

Yes, I have worked hard all my life - there is no substitute for good, hard, honest work - a lot of blood, sweat and tears!!

I was in the Middle East for almost 7 long years and was able to save a lot there. I've always held good paying jobs and I have been careful with my money - no smoking, no gambling, no womanising and just the occasional beer!! And definitely no CREDIT CARDS - they kill you!!

I've always tried and lived on the simple, straight-forward policy: If you can't afford it, don't buy it!! And if you can, then go for it!! Can't get any simpler than that, can it? We should all try and live within our means and NEVER try to live up with the Joneses!!

Cheers - JJ

Great advice, JJ

Now you forgot to mention about the sheep business you have?

[looking to buy]

I have more money than anybody on this forum. I am getting a 100 Trillion Dollar Zimbabwe dollar bill. It is the largest bill in circulation. So I am sure Rolex will let me be a dealer.

[Tick Tok Zak]

Originally Posted by mustangbrad

Good thought pep about buying and seling in free time. How about the idea, like many, many on ebay and here do. Buy quality used rolexes and sell them for $500, 1k over your cost? Assuming you have the time and funds to find good deals here and there. My biggest worry would be getting a fake watch or other scam where watch never came and there would go all your profit from past sales.
Tick is full of it if he thinks Rolex doesn't care about money. That's why the prices go up every year.

Hi, no bro... dont get into Ebay thing. Trust me one will burn their hand. Also, no Rolex AD sells for less or CP its crap. There are resellers who try to get watches through best deals around. Like Carribean duty free.

Also, very few people know this but its a fact that Rolex is a non profitable organisation. Its a trust. Hence, I said they dnt care about money. All they focus is to be on the top consistently as a luxury timepiece in a competitive market.

[Jocke]

Originally Posted by Pep04

How can one become an authorized dealer?

Today it's easier to lost a dealership than get one. Rolex are going to cutting some dealers
and they will only get a few new ones. You need a lot of cash and I guess you should have
a few years in the business and a very good reputation.

[mcjp6]

Great answer JJ.....

I would not have replied so "gracefully" to such a personal question.

Originally Posted by JJ Irani

Thanks, Colin......I thought that was getting a bit too personal, especially on an international forum.