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Old 15 August 2011, 08:44 AM   #1
TheVTCGuy
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How did Rolex do it?

I was thinking about this... and am really curious to hear what the rest of the world thinks. How did Rolex do... "IT?" The name "Rolex" conjures up images of opulance, class, quality, character; even to a non-Wis. It is instantly recognizable, everyone in the civilized world has heard of Rolex and sometimes it even strikes awe... So how did Old Hans do it?

Of course Rolex is a very high-quality product, but so is Omega, so is Brietling, so is Hublot. While popular, none of those brands (or really any other, including Patek) has the recognition and respect Rolex does. I know some of you will say it's all marketing, Rolex sponsors events, hires famous people etc. Well, so do the others, maybe not as much but they still spend millions on sponsorships and the like.

Whether or not people understand us being WISes, NO ONE can deny the power the name Rolex has.

How did they do it?
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Old 15 August 2011, 08:51 AM   #2
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A combination of making high quality, attractive, durable, and great looking watches. Finally hard work, good business decisions, great marketing, and a bit of luck.

Sprinkle in some great customer service.
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Old 15 August 2011, 09:11 AM   #3
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The folklore goes:

99% of people have heard of Rolex, only 1% could actually identify one!
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Old 15 August 2011, 09:15 AM   #4
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I think some of the credit goes to Timex. Timex is the Everyman watch, Rolex is what you aspire to. I think Rolex benefited from the name similarity, and Timex's heavy advertising in the 60s.
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Old 15 August 2011, 09:18 AM   #5
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How did timex do it'????????????? It got run over by a truck!!!!!
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Old 15 August 2011, 09:21 AM   #6
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Spectacular branding, strategy and execution. A number of innovations, e.g.

- The first wristwatch with an automatically changing date on the dial (Rolex Datejust, 1945)
- The first wristwatch with an automatically changing day and date on the dial (Rolex Day-Date)
- The first wristwatch case waterproof to 100 m (330 ft) (Rolex Oyster Perpetual Submariner, 1953)
- The first wristwatch to show two time zones at once (Rolex GMT Master, 1954)
- The first watchmaker to earn chronometer certification for a wristwatch

And sticking to its core business!
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Old 15 August 2011, 10:39 AM   #7
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Quote:
Originally Posted by psv View Post
Spectacular branding, strategy and execution.

And sticking to its core business!
To this, I can only add genius and a continued faithfulness to an ideal.
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Old 15 August 2011, 10:41 AM   #8
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Quote:
Originally Posted by Numismatist View Post
The folklore goes:

99% of people have heard of Rolex, only 1% could actually identify one!
In my experience, this is absolutely true, especially when you consider that the identification is complicated by fraudulent pieces.
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Old 15 August 2011, 10:43 AM   #9
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Simple...

Because of JJ.....
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Old 15 August 2011, 12:15 PM   #10
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Quote:
Originally Posted by psv View Post
Spectacular branding, strategy and execution. A number of innovations, e.g.

- The first wristwatch with an automatically changing date on the dial (Rolex Datejust, 1945)
- The first wristwatch with an automatically changing day and date on the dial (Rolex Day-Date)
- The first wristwatch case waterproof to 100 m (330 ft) (Rolex Oyster Perpetual Submariner, 1953)
- The first wristwatch to show two time zones at once (Rolex GMT Master, 1954)
- The first watchmaker to earn chronometer certification for a wristwatch

And sticking to its core business!
Exactly! Some great milestones
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Old 15 August 2011, 12:23 PM   #11
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Marketing.

Rolex spent 43.43 million last year in marketing and #2 was Breitling with 24million. There are many other brands out there that offer just as good if not better quality for the buck but Rolex marketing is king.
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Old 15 August 2011, 12:28 PM   #12
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Top 10 brand awareness in the uk...1) Mercedes 2) Rolex....
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Old 15 August 2011, 12:29 PM   #13
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simple:

went to the highest mountain
went to the deepest ocean

in short, with its achievements.
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Old 15 August 2011, 12:40 PM   #14
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Quote:
Originally Posted by karmatp View Post
Marketing.

Rolex spent 43.43 million last year in marketing and #2 was Breitling with 24million. There are many other brands out there that offer just as good if not better quality for the buck but Rolex marketing is king.
Like...?
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Old 15 August 2011, 12:42 PM   #15
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One word, MARKETING
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Old 15 August 2011, 12:56 PM   #16
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Quote:
Originally Posted by arabesque View Post
simple:

went to the highest mountain
went to the deepest ocean

in short, with its achievements.
This is where I was headed for my contribution to this thread. Earlier I was looking over topics in General Discussion section, and there was a thread about diving, and it just fits that it's there. I've been a subscriber to National Geographic for twenty-five years and look forward to the Rolex ads. It all ties in somehow with a Tom Swift mentality. My motor car, my watch; my boat, my watch; my rocket ship, my watch; my safari, my watch. Rolex has found a way into the psyche of adventure. Breitling has done that with flying, but Rolex has managed to do it from the top of the highest mountain and to the bottom of the deepest ocean, as arabesque posted, but I would add they've done it with everything in between. You put on a Rolex, and somewhere down deep, you're an explorer, an adventurer, a daredevil, a trailblazer... In short, you're a winner. Other top brands say you have "made it," but a Rolex says you made it doing something extraordinary, that you are making it, not to get the watch in the end, but wearing the watch while doing whatever it is that you do. Rolex is the adventure as it happens, not the reward at the end of the race.
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Old 15 August 2011, 01:00 PM   #17
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Quote:
Originally Posted by BOA View Post
This is where I was headed for my contribution to this thread. Earlier I was looking over topics in General Discussion section, and there was a thread about diving, and it just fits that it's there. I've been a subscriber to National Geographic for twenty-five years and look forward to the Rolex ads. It all ties in somehow with a Tom Swift mentality. My motor car, my watch; my boat, my watch; my rocket ship, my watch; my safari, my watch. Rolex has found a way into the psyche of adventure. Breitling has done that with flying, but Rolex has managed to do it from the top of the highest mountain and to the bottom of the deepest ocean, as arabesque posted, but I would add they've done it with everything in between. You put on a Rolex, and somewhere down deep, you're an explorer, an adventurer, a daredevil, a trailblazer... In short, you're a winner. Other top brands say you have "made it," but a Rolex says you made it doing something extraordinary, that you are making it, not to get the watch in the end, but wearing the watch while doing whatever it is that you do. Rolex is the adventure as it happens, not the reward at the end of the race.
wow, that's quite a pitch.
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Old 15 August 2011, 01:23 PM   #18
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wow, that's quite a pitch.
x2
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Old 15 August 2011, 01:39 PM   #19
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Right time, right place.

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Old 15 August 2011, 01:54 PM   #20
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Brilliant advertising that made me (and many others) want to identify with it from a young age.
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Old 15 August 2011, 02:03 PM   #21
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It's a Rolex! Haha
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Old 15 August 2011, 02:52 PM   #22
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Quote:
Originally Posted by karmatp View Post
Marketing.

Rolex spent 43.43 million last year in marketing and #2 was Breitling with 24million. There are many other brands out there that offer just as good if not better quality for the buck but Rolex marketing is king.
This again?

That's because Rolex is a bigger company than Breitling, so they have more money, so they spend more money.

Marketing has a part in it, yes. But statements like yours make it sound like any company that decides to spend 43.43 mil on marketing would be as revered as Rolex. And one that spent 50 mil would be even more revered. But you need a good product, too.

To address the OP. It's a lot of things. One that is probably most important...

They've delivered a consistent good product for about half a century. Omega, Breitling, Hublot have not, and no amount of marketing (or making good products in the short-term) can replace that. I'd be happy to talk about more particulars of this claim, if anyone wants to.
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Old 15 August 2011, 02:56 PM   #23
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One of the most successful marketing teams that's ever existed.
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Old 15 August 2011, 04:22 PM   #24
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agree

Quote:
Originally Posted by psv View Post
Spectacular branding, strategy and execution. A number of innovations, e.g.

- The first wristwatch with an automatically changing date on the dial (Rolex Datejust, 1945)
- The first wristwatch with an automatically changing day and date on the dial (Rolex Day-Date)
- The first wristwatch case waterproof to 100 m (330 ft) (Rolex Oyster Perpetual Submariner, 1953)
- The first wristwatch to show two time zones at once (Rolex GMT Master, 1954)
- The first watchmaker to earn chronometer certification for a wristwatch

And sticking to its core business!
Well said.

I also feel they have always shown a real quest for quality of design and performance over price. I like how unapolagetic they have been about that as well.
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Old 15 August 2011, 04:32 PM   #25
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all marketing i think
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Old 15 August 2011, 04:47 PM   #26
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Quote:
Originally Posted by BOA View Post
Other top brands say you have "made it," but a Rolex says you made it doing something extraordinary, that you are making it, not to get the watch in the end, but wearing the watch while doing whatever it is that you do. Rolex is the adventure as it happens, not the
reward at the end of the race.

X2!
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Old 15 August 2011, 05:07 PM   #27
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My take on this...Rolex invested heavily in robots and CNC machines...They mass-produce precision movements in-house to be installed in only their cases...Then they continually improve their production methods. So if you want a Rolex, you have to buy a Rolex. LOL. I'm buying a Vespa scooter w/ a $6k MSRP. Similar concept, IMHO.
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Old 15 August 2011, 05:59 PM   #28
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marketing and history
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Old 15 August 2011, 06:05 PM   #29
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Rolex is very selective in its marketing, major events etc.

I've mentioned previouslt that i've attended watch shows/exhib's that Rolex did not even attend, why? because I dont think they need too their watches sell themselves.
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Old 15 August 2011, 06:38 PM   #30
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The product, period, just as the three pointed star. And the logo is fantastic, just as three pointed star. Quality. Enough said.
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