Stockbrokers Sound Off
I'm interviewing for stockbroker positions and was wondering if anyone could talk about what it takes to survive as a stockbroker for the first couple of years. Any ideas on building a book of clients? Any survival tips?
Thanks.
What it takes? Its simple, it takes alot of work, living in a crappy apt, and living on ramen, followed by alot more work.
I might be able to help:
Hope that helps.
Thanks. Any other advice?
Eddie has it right. I've done a lot of cold-calling work before.
Don't get demotivated by people constantly saying NO.
As soon as you've hung up the phone, dial immediately.
On the job you'll learn how to respond to clients; it's instinct you develop. You approach every client in a different way.
When you've been on the phone for 20 minutes and they still wont take your services, make sure you steer the convo in a way that it's their loss.
Good luck and PM me if you need more info.
Yeah, as Eddie put it (can't state it any better) it's a numbers game. Stick to the numbers, and make sure that you never let your frustration/desperation come through the phone. If you are hitting the numbers and talking with as many people as you need to be, the law of averages should do work for you. That being said, you need to be confident... really like Eddie's analogy there, think Ari Gold...
Can't believe I found this, but this guy was a legend when I got started in 1992. You're probably going to think this shit sounds cheesy, but I'm telling you it works. I think this is probably illegal these days.
http://www.marcobizz.com/bizz-publisher/random-blogs/item/13-jon-roylan…
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