How He Makes $3,000,000/Week Selling Watches

This video is about a man named Roman who built a jewelry empire that makes over $150 million a year, and he shows the host of the video how he did it.

This video by Jordan Welch was published on Feb 26, 2023.
Video length: 10:41.

This video is about a man named Roman who went from having nothing to building a jewelry empire that makes over $150 million a year.

The video shows Roman at the Miami antique Beach show where he sells luxury jewelry and watches. He talks about the value of the inventory in the building, showcases some of the expensive watches he sells, and makes deals with potential buyers. The video then transitions to Roman's office in Philadelphia, where he has a team of 35 people working for him.

The video ends with a discussion about Roman's journey to success and a tour of his office, including a Formula 1 car and a vault containing $30 million worth of inventory.

• Roman built a jewelry empire that makes over $150 million a year.
• They are at the Miami antique Beach show, where there is over $10 billion in inventory.
• Roman makes deals outside of his booth, sometimes for millions of dollars.
• They make a deal for 29 watches, with Roman offering $35,000.
• They arrive at Roman's office in Philadelphia.
• Roman shows the vault where they keep about $30 million worth of inventory.
• The majority of the watches Roman sells are rare and expensive.

How He Makes $3,000,000/Week Selling Watches - YouTube

Introduction

• Roman built a jewelry empire that makes over $150 million a year.
• He is going to show the host how he did it.
• They are at the Miami antique Beach show, where there is over $10 billion in inventory.
• Roman's booth sells watches and jewelry, bringing about $40 million with him.
• They look at some of the craziest and most expensive pieces, including a one-of-a-kind watch worth $1.65 million.

Making Deals

• Roman makes deals outside of his booth, sometimes for millions of dollars.
• He emphasizes the importance of reputation in the business.
• They make a deal for 29 watches, with Roman offering $35,000.
• Roman keeps one watch as a souvenir for the host.
• They discuss Roman's headquarters and how he makes $150 million a year.

Visiting the Headquarters

• They arrive at Roman's office in Philadelphia.
• There are about 35 people working there, with additional staff in Hong Kong.
• Roman's day-to-day involves overseeing various departments and addressing any issues.
• He emphasizes the importance of having processes in place for efficiency.
• They explore the office, including a Formula 1 car that Roman won in an auction.

How He Makes $3,000,000/Week Selling Watches - YouTube

The Vault and Sales Volume

• Roman shows the vault where they keep about $30 million worth of inventory.
• They discuss the sales volume, with an estimated $150 million in sales for the year.
• On a monthly basis, they do about $11 to $12 million in sales.
• On a weekly basis, they do about $3 to $4 million in sales.
• Roman explains the impressive numbers, especially for high-end watches like Rolexes.

Section 1: Selling Expensive Watches

• The majority of the watches Roman sells are rare and expensive.
• He specializes in selling complicated and expensive watches.
• To sell expensive watches, you have to have expensive watches and find clients willing to spend a lot of money.
• Roman didn't start with the money to get into selling expensive watches.
• His specialty is finding wholesale deals and flipping watches for profit.

Section 2: Growing Up and Motivation

• Roman grew up in a small apartment in Brooklyn with his family.
• His motivation to succeed came from his father leaving everything behind to create a better life for them.
• He believes that if you have the will and drive, you don't need money or connections to start a business.
• Roman started his watch business with only $12,000 and grew it into a $150 million company.
• He emphasizes the importance of starting small and growing little by little.

Section 3: Wholesale Market and Negotiation

• Wholesale deals were a key factor in taking Roman's business to the next level.
• The wholesale market allows for daily transactions and flipping watches for profit.
• Roman is a master negotiator and believes that knowing the value of something is crucial in negotiation.
• He shares an example of buying a big box of Jacob watches and selling them for a profit.
• He emphasizes the importance of having your finger on the pulse of the market.

Section 4: Overcoming Challenges

• In 2008, during the financial crisis, Roman's business took a pause and faced uncertainty.
• He learned that during times of crisis, there tends to be a boost in business, especially in the luxury industry.
• Roman's advice for those struggling is to remember that tomorrow is a new day to start fresh.
• He believes that with the right mentality and motivation, anyone can succeed.
• Roman shares that he was lucky to have the ability to go back to hustling in the basement if needed.

Watch the video on YouTube:
How He Makes $3,000,000/Week Selling Watches - YouTube