CHALLENGE: SELLING $7,000,000 in Watches! NO ROLEX ALLOWED! | GREY MARKET S2:E3
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- Опубликовано: 31 июл 2024
- New Grey Market Episode: "My Plan to CRUSH $130 Million in Sales in 2024"
• How I'm Going to Sell ... -~-
On today's episode of GREY MARKET, I come down on the sales team for not concentrating on selling our inventory but instead sourcing just the hot Rolex's, Patek Philippe's, and Audemars Piguet which really sell themselves.
𝟏𝟎𝟎𝐊 💲💲💲💲 GIVEAWAY TIME! 💲💲💲💲 𝟏𝟎𝟎𝐊
HELP US REACH 𝟏𝟎𝟎𝐊* SUBS AND ALEX WILL GET A GREY MARKET TATTOO!!
ALSO, ONE LUCKY WINNER GET'S A $1,000 💵
I'm giving away 🤑 $1,000 🤑 to one random person that LIKES, SHARES (this video), & SUBSCRIBES! Once you've done those 3 actions, comment "100K" below to be entered to win.
I then unbox some amazing Richard Mille's and tell you a little about them. Followed by some shipping vs. accounting beef that I try to sort out.
Then I meet with Dennis our Head of Customer Service to go over some new processes and systems he's trying to put in place as well as introduce our newest hire, Sabina.
Finally, it's time for Adrian's wedding and everyone is getting prepared for the party of the year.
Don't forget to join us this week at the New York Jewelry and Watch Show! Details are below!
New York City Jewelry & Watch Show
Metropolitan Pavilion
October 22-25, 2021
www.nycjaws.com/
50% Discount on General Admission Tickets
Promo Code: GREYMARKET or use link below
www.eventbrite.com/e/100829359328/?discount=GREYMARKET
0:00 - Giveaway
0:50 - Sales Team Talk
9:19 - Unboxing
10:00 - Richard Mille RM 016 Extra Flat
10:48 - Richard Mille RM 11-02
11:45 - Richard Mille Mask
16:25 - Office Beef
22:00 - Customer Service Issues
📱 Text me @ 215.234.3497
📞 Call my office @ 215-791-8203
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Let's get Alex a GREY MARKET tattoo! Help us get to 100,000 subscribers by next week and we'll air a video of him getting tatted! 😲
We love you Roman !
All of this because of wooolexes 😔??
Not many subscribers to go. Looks like Alex is getting the tattoo
I dunno, still feeling pretty burned after Nico didn’t dye his hair green like he said…
Is is called BRAND LIVESTOCK
Roman took “Should I say it to you in a different language?” literally lmao. But it is cool to see him be open about common business problems with the camera on and not pretend like everything in business is perfect!
You have to commend the new dude for putting himself out there and trying to make a difference, but the best way to ingratiate yourself with colleagues and to get results is not to talk to them like you are ruffling their hair and giving them a tap on the ass. He isn't their boss and he shouldn't be acting like he is! But also, whilst Roman is awesome, he also has a bit of that, 'we've been doing this 20 years, so we must be doing it right' attitude. Every business can be improved and every business needs to stop the ego and accept new ideas and perspectives. He shouldn't have shut the guy down how he did.
Exactly, every management course says that. Nice to read this comment. It's very difficult for a manager to accept that his way that has been the way for 20 years is not the best way anymore. Technology changes, people management changes, customers change, ... Keep up. Start by really listening to advice.
I get it and you’re right. But, he did come on a bit strong and forceful out of the gate. I like him and he is clearly a smart guy. I would love to see Roman take the additional time to mentor and train him…IF he’s willing to check his ego with Roman.
@@Raph.Bogaert using Excel instead of a built CMS is not good advice. This guy is young and has ideas but hasn’t been in corporate enough to realise systems available are better than excel made spreadsheets to track things.
See how they won’t respond 😂
That’s literally the worst advice I’ve ever heard…..guys we need a system run through an excel spreadsheet….new guys ideas are fairly basic and seem more like stuff you’d use year 1 of a business…..
This is what owning a business is like, you have to manage the entire tribe and all the different personalities, the most difficult part is to keep everyone focused at the company as a whole but not individual interest. When everyone in the company realizes that the success of the company far outweighs individual gains, that's the ultimate dream for any business owner.
The best part of Monday’s. I love Excel, but it is not a system and shouldn’t be a source of record.
Mike loves excel
@Nigel Molesworth Grow up. Pathetic...
TPG left the group
Glad you brought that up. I see this very common where the sales team starts getting comfortable with inventory that sells quick and if you don't put any attention to inventory placed in the back it could be a problem. Great stuff Roman!
I love the transparency you get with this series! It's easy to see why Roman and team have such loyal customers. Hope to be one one day.
You only see what they show you. Which is maybe 5% of their entire operation. I like Roman, but lets not getting carried away here.
@@donkremer6019 This is not a Kim Kardashian show mate. Its an everyday life of a business man and his operation. If you cant let it sink in then dont stuck up mate.
@@nubis7518 you fell into exactly the same trap.
@@donkremer6019 lol exactly what I was gonna a say
Roman’s patience for his employees, especially as they’re expressing frustration like that TO him, shit man… I’ve only ever had two employers that demonstrated that level of leadership.
this show has officially become my religion...the amount of self confidence I get watching this show is insane, thank you Roman for everything.
You just spoke my mind.
I am also into trading business and it helps me in inventory and marketing.
After watching Roman videos next day I am full pump up in office👍
Love seeing the actual day-to-day conversations and real business challenges, that''s what sets this series apart!
The boss taking care of the business, that Denis dude he needs to learn a lot!, he didnt even know the customer return rate come on.., cheers Roman
Suggest Denis loses that arrogance or he won't see season 3
@@mikeferguson4522 season 3? He won't last till Episode 3.....
@@mikeferguson4522 got a feeling he'll be gone before that !
It’s amazing how involved you are Roman in the small parts of the business, I think many people in your shoes would sit back and play big boss and forget the inner workings of the company
Roman needs to write a book on management. He a straight boss 1:17 and 16:36 he killed it
Listening to a boss 'roast' someone like that makes me happy I'm in high-tech employment where employers seek your favors all the time not to work for the competitors.
"Diversity in merchandise should mean diversity in sales...." Look at that tidbit of knowledge. I like that.
The only series I genuinely get pumped to watch! No cap!
I really love this series! So much energy and great insight into the world of buying and selling watches.
Loved the little pep talk Roman had with "the kids". That is exactly the kind of tough love they need to grow.
I´m so in love with Grey Market since last season! Its like a Netflix series for me! Me as a student can never afford a watch like hte ones shared but i adore them and im very passioned to learn everything about them! Love the content guys, keep going guys! Please!
I love how roman manages the company tough but willing to work with them to get them where they need to be.
Best youtubers on RUclips, this is how you get successful when your honest upfront and have integrity, appreciate the last remaining youtubers
Great to see people focusing on more than just Rolex. Keep up the good work. 🔥🔥🔥
To be fair, 2K USD for a 2021 Omega Seamaster 300 is a grotesque joke.
It's low but the reasoning is not grotesque. Grey market dealers will always fall on the low side because you are paying for the convenience and security in the transaction. They are also in the business of reselling instead of someone buying the watch from you to keep. They need room for profit and extra room to move the watch and not lose money if it becomes hard to move. Why the heck would a business take that much more in liability just to make a couple a hundred of dollars on an Omega that is available on Jomashop for $4K? Also good luck selling it to a credible buyer yourself if you have no seller's history online. I rather take less but guaranteed money then risk losing all of it.
That is what happens when you buy a soft brand.
Then Adrian call it crap, wonder how many of their customers actually have and like the seamaster 300
It's an incredibly low offer. If they wanted to justify it being incredibly low, I would have said that they have plenty in stock and offered a very low price as they had little interest in taking it on trade unless they could make excellent profit.
Would have expected mid 2k on that one which is in line with what Adrian said but that was after or just cosign it.. I have a consignment piece (non-Rolex) with them and it is at a reasonable price but if I wanted a instant cash offer it's on the low end which is totally expected. You have to account for everything... overnight shipment potential both ways, tax, storage time, actual profit, and it goes on..
You can buy them new from an AD with 30% discount so don’t expect much selling to a dealer. If you want more sell it yourself
Another great episode!! And finally we are seing more of Nathalie. Managing this inventory needs someone nice and dedicated like Nathalie. Please more of Nathalie in season 2!!
Love the content! Must say you guys definitely are the best watch dealers with a RUclips channel!!! Keep it coming guys !! Cheers 🍻
Love how you guys show everything! Keeping it REAL
Guys I love the series massive fan.
Would be great to get back to 45-50min episodes.
Just feels like it flows a bit better. The shorter episodes feel like they are just getting into it and it’s over.
I knew the new guy wouldn't make it. California workers are on another level. When they go to an interview they ask what the company will do for them, now what they will bring to the company.... it's a new mind set!
Roman is a beast 💪 that's why he's where he's at!
Liked commented and shared
Awesome videos!
P.S I understand it's a lot of work but can they be longer! Love the 1 or more videos!
Thanks~
The dopest and most informative channel on trade shows shows trending pieces and just plain baller status of the elite of the elite sellers! Love the up front honest from Roman on logistics n sales! 💎🙌💎
Really excited for another great ep Roman
Can't wait for you guys to reach 100k it's an incredible feeling. 🙏❤️
Love your dedication to the customer. Yourself and your team deliver a great product/experience and you care about it.! Keep it up.
you guys made me love watches thank you for all the info you guys share !!
Roman, as long as you run things so personally, you'll never have a good system. Soon or later it will take a toll in your health and your company. Growing should come with more money, and less "in your face" control. If it's not possible, there is something off with your system.
Alex hasn’t been doing this long enough to be having that cant touch me superstar attitude like he did toward Dennis in this video and when he was laughing at roman’s talk. Humble up and be receptive to advice if you want to go places
i agree he's getting too big for his boots.
Especially for someone that says 8 words a day lol
Perception is reality especially on youtube 🧐
Alex is the shit he should laugh at that clown.
@@phillipmeacham I appreciate you but definitely not the shit😂 we are all a team & denis is doing cool things. Happy he came onto the team
The first episode i had to wait for lmao. hella worth though. Love the series
Absolutely brilliant video once again guys, love it
2k for a 2021 full set Seamaser 300 does seem like an awfully low offer. There is def way more than 500 in profit in that watch.
But he was trading not selling. Would you rather have a batman or an omega? When taking into account how long they sit the offer was more than fair.
Its low because they assume all the liability and have to resell it. Unless you personally want to take your chances with getting scammed on ebay or PayPal that is the price you pay for security and not running a full time business.
Omega is all good when you are buying it at a discount, but this is the price you pay for buying a soft watch.
Watches also don't move as fast as something like clothes, it has to be worth their while to hold and profit from.
@@AbundantlyBlessed29 trade value is always more than cash payout. The offer was low.
Thanks~
Sounds like a fair price to me. The guy can’t expect much as you can buy a brand new SMP300 from the AD with 30% discount.
This is a sincere take, being a businessman myself. Before the technicalities of the task, Roman should teach and mold Denis into a real man. Knowledge and skill can be learned, but it takes a man to roll up with the punches of running a business and the demands it impose. Time to teach this generation to nut up.
Roman just had a bad day lol
People acting like Roman is at all hard on his employees 😂
Roman!!!! Please make the episodes longer again if possible! I still really enjoy watching these episodes an would easily watch an hour episode every week. Good job thoug, love the series, the people and the way you guys do business💪🏻
I have learned so much in the watch world since starting to watch your videos. Keep up the hard work. Good Luck on the road to 100k!
Wow that new employee sounds like an entitled child
Seems to be the most popular guy in this video..will he make series 3?
I'm.. 50 a.n.d m.y. husband 54 we are both retired with over $3 million in net worth and no debt's. Currently living smart and frugal with our money.serving and investing life style in the stock market made it possible for us this early even till now we earn weekly. Thanks to fire movement.
Great job with your husband! I bet you are living your best life right now.
I'm a young dad, I'm really glad to hear your story it inspires me.
What is fire movement please.?
@@mylesginvestment5033 Fire means Financial Independence Retire Early.
It's been a movement teaching people financial independence and how to retire debt free through solid investment and frugal lifestyle.
@@harleylewiston8255 Your story is inspiring I'm 38 trying to achieve this goal you achieved.share some tips please so others can actually learn.
You haven't still share any idea on how you earn weekly.
Love these vids. It is great to see how business is done!
Always excited to watch a new episode
I said it in the last video, new guy gave me a real bad vibes. He's not going to last.
My dream is to buy a two-tone Yacht Master 40 from Luxury Bazaar for my next piece. Ever since your Q&A's when you spoke about the current market climate in the watch game. Miss those days!!
As far as my AD told me, the two tone Yacht Master is pretty good available.
@@angleofthehell I prefer the old model 16623 or solid gold 16628. Tahitian MOP dial
@@bz8047 all clear now. Great choice.
Greymarket just keeps getting better👌🏼, i wan’t more! Longer episodes please🙏🏼🤩
Thanks to you guys i'm working hard on getting in to the watch business. Thanks!
A chance to win a thousand smackaroos just by doing what I usually do already? Cheers Roman and the rest of the team!
That guy was an ass, by reacting like that. But to be honest, that Omega alone is a hell of a better watch than the Air King. My (watch nerd) 2 cents. Great episode, cheers!
ill take that panerai over the airking
@@luihed Me too, actually. Nothing wrong with that Air King, nice robust watch, but overhyped imho.
$2k for a full set 2021 Seamaster is a joke regardless and we all know that really. Grey Market is fun to watch but I'm not sure they are fun to do business with.
@@cirrusmckinney Absolutely, but you could say no thanks and do bussiness elsewhere. No need to get offended or to offend, that was my only point.
@@cirrusmckinney yeah agreed it is a joke. WatchBox offered me $2200 for my Portuguese chrono lmao
Back at it 🔥 editing is again fire
Being able to see what is going on behind the company is really interesting . Thanks for the insight !
The start of this episode felt like a legit reality show on MTV
That fake drama is shit
If he was offered $2k for a 2021 Seamaster, is that not an insult or is that an average grey market offer ?? I would think it was a piss take, but I wouldn’t do what he did.
There are many critical details being left out whether if it was used and what mm.
But let's say it was used* Not many people want omega's, hence the trade for a rolex. It was a low offer but at most maybe 2500, brand new asking is 5k, pre nego.
If it was new, that is a pretty bad offer but in that case sell it privately. I hope he doesn't expect a watch dealer to buy a new watch at market value to sell at market value, that make's no sense.
I hope he was being dramatic because that’s such a low offer
its about the max if the watch is second hand and been used as its max return is only 2.5 to 2.8k it can be had new for less than 3.5k
@@chrisb-nf7iy if you can find me a SMP 300M new for £2,500 I will have 50 😂😂
@@Stribbo55 It wont be new it would be second hand and they are there if you look. I got one to give as a gift from an AD for £3300 2 weeks ago. Was in leeds goldsmiths. 30 ish % discount due to how far we go back.Meant to be £4450 is list. so a little more than 1150 knocked off. Also Chrono 24 has 100s of SMP 300M for under £2500 second hand
This is such an amazing channel and series! Talking about “sleepers”, It’s beyond me how you guys are not at a 100k yet compared to all the other channels.. Keep it up! I will always continue to support your contents!!
love the content, and what u guys do greeting from mexico to the whole team!
While you're pushing Alex and Nick to sell the alternative watches, why not show them to us, too? We want to see more of what you have that isn't just the high-end stuff. We're watch people and we like seeing more variety.
100% agreed . Sleepers of different range and different brands please Roman. Thanks
This really makes you want to have an internship at Roman's company
Another CLASS video! Keep it up, love the work!
really loving these
transparency really adds to the company's credibility
new guy is bad vibe man
Another awesome video, Love it how you are keeping it 100% real. :-)
I enjoyed and learned a lot from this video! Thanks
Wish you would do an episode on Natalie. Man she is beautiful 😍 😎😛
i clicked in the video for her
Natalie look is ok. We can marry.
Love that the new guy isn't afraid to say his opinion and be a bit harsher with his words.
Thanks~
Been subscribed Absolutely love watching you guys , so entertaining. Favorite show on youtube.
Love the content as always
Alex is the man! He answered every question I had and gave me a great price! Real deal!
I appreciate your time!
I'm curious to see if the CS guy will be on future videos. Instant gratification doesn't happen in business, and if it does there are probably signs of mistakes that were made in the process.
He seems like a sharp kid, but he wants it all to happen now, and without putting in the work. He's trying to reinvent the wheel by showing Roman a wheel........
With that said, is he some sort of supervisor or boss to Nick and Alex? Because he definitely has that tone when talking to them.
Ain't no way he's their supervisor when he does CS. Sales is always above CS. But he really does talk in that tone.
Comes over as arrogant and would suggest he learns the business first before adopting such an attitude
@@mikeferguson4522 For sure. Seems like Alex is already fed up haha
@@brandonaliwarga6082 easy to say when we don't know the actual business structure of Romans company. He's got a MEAN ol hag (Tanya) who seems to be untouchable and unwilling to adapt. But I'd also think a new hire wouldn't hop skip and jump over the sales team as far as rank, without some major past experiences. Which this dude clearly doesn't have
Always look forward to these videos!
Love the show and seeing the growth!
It seems to me that Tanya is a problem for the team nobody wants to talk to her and everyone wants to avoid conflict with her. It’s hard to run a business where there’s no open communication with each other as everyone’s afraid to talk to her. I don’t think she’s a good fit here
RIP all the Omega and Panerai owners
Love the fact that you guys are pushing some other alternatives to the no brainer big watches.
Thank you for the great content!
Ik 30min must be alot easier for the editors but i do miss the hour long episodes, at least meet us in the middle with 45 like a tv show without commercials
Now to be fair, 2000$ is extremely low for an Omega SMP 300. I sold mine 11 days ago for 3200$. The guy's reaction was ridiculous though
Yeah I was very surprised too. 2k is ridiculous. It doesn't justify the reaction anyway. And who would trade a SMP and a Panerai for an Air King?
A bit disappointed by Adrian's reaction about the 'crap' though.
@@pymandragore Because Adrian is a complete tool, thinks he’s all that. I imagine hundreds of their customers own a seamaster 300 and don’t think it’s “crap”, his true colours have come out a long time ago.
@@pymandragore That's a typical "hype chaser" reply coming from Adrian. If Omega is crap, what is he? People who only think the expensive watches are the cool ones make me laugh so hard. His royal highness only talks about AP and RM
I love that some watch channels are trying to make proper original content rather than just reviews, Roman and Oisin are killing it with content.
Great show, alot gets squeezed into the time, wish there was a couple drops a week
Watching this latest video, first class as usual, however, Dennis comes over as very condescending to the people he interacts with. He needs to understand the business first before becoming overbearing in his interactions. Does not come over as a team player and displays arrogance in his talks with Roman.
We only see a couple of minutes of an entire week, editors can make us think anything they want us to think.. I personally think he means well and he really wants to change things for the better, but it's not easy in a small family business like that with people that "are for 20 years in the business" :)
@@Raph.Bogaert I agree with you, but in such a situation you need to adapt your approach and not take such a confrontational stance as he did with Roman which we all saw....he has a great opportunity to showcase his talents....I used to have my own small business and if he had adopted that approach with me he would have seen the door.
I agree he needs people skills. I am amazed at Roman’s tact and patience.
I think Dennis needs to do a little homework on Roman and understand his background a little more.
He needs to leave
Love this new version of GM, keep it up guys 💣
Love the Grey Market videos!
Guessing these guys operate on 25-30% margins which is pretty crazy to think about. You'd get more money at a pawn shop. The reason only the hot rolexes are selling is because of these RUclips channels. You guys hype up subs and GMT's so much then you get mad when your salesman make an easy buck dumping them lol... The watch game is so f'd up now.
You are paying for the convenience and security in selling your watch online with a grey market dealer. It is a totally different ballgame vs a direct face to face sale.
Busineses need a low enough price that they can liquidate that stock at anytime and not lose money.
@@stockholmpublishings2937 50% off a brand new watch you mean? As it can be had for way less than 4k brand new more like 3.5k maybe even less than 3k if you have a rep with a dealer. They are not selling a seond hand watch for more than New
I can't be the only one who thinks Roman was too harsh on the new kid. You brought him in to do the role that he's been given and then everything he brings up gets turned down. As if he doesn't have experience in that space and doesn't know if what he's doing is right or not... I like Roman but this episode made me think he's too old school, he's like them bosses at work that avoid anything new as they're too old to understand and then miss out and are still using Windows XP in 2021.
Enjoying the new season already… great stuff all 👍🏻
Yo just wanted to say thanks for the great content I really do enjoy the watching your videos I really like the one with you and producer michael too.... Have a good weekend y'all
2k for a seamaster and nothing for a panerai is a shitty offer. Panerais are worth $5-6k second hand even without box and papers, seamasters go for $3-4k with box and papers all day long
If a watch is just going to be brought and sit for weeks or months it might be worth nothing to them. They would of worded it differently. My guess they had enough of both in stock and did not really want them
If you couldn’t come to an agreement on a deal that’s fine I think his review was uncalled for, but to call an omega and Panerai crap is crazy. I know you guys deal with a lot of higher end pieces but that scene made Adrian and Alex look like douche bags
Loving the series
You are the best dude!! Really inspiring!
Love your videos!
Dennis might have to either calm down and listen to Roman or walk the plank Excell sheets are not the answer oh can we talk about this off the camera
Never saw a new employee have the arrogance and disrespect that Dennis had with Roman. I would have fired him on the spot. I'm definitely not a fan of Denis and something about him I don't trust! Maybe it's his extreme arrogance. Wonder why he was hired in the first place.
@@stockholmpublishings2937 5 mins of Denis was all that was needed to sum him up
@@stockholmpublishings2937 Maybe, but I'm old school and if I ever talked to my boss that way back in the day, I would have been fired and rightfully so. I think Denis forgot who is paying his salary.
Great episode guys. Hope to see you Saturday in NYC
Awesome as always
The goofy CS hire was trying to turn you into TPG, honestly - hilariously incompetent and unprofessional. His experience with trendy startups is genuinely a hindrance when working in a company that actually demands profits & also results in him justifying everything with buzz words without any actual substance or reason behind claims. Next time hire a consultant instead!
@@stockholmpublishings2937 peep his linked in, buddy
Loved the episode!
Another great episode!!
Truly appreciate the humor of GREY MARKET!