Jones Door knocker

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Nov 30, 2007 10:10 am

Yesterday we had our third Jones rep this year knock on our door. This one came in from a neighboring state, and told the wife that he is licensed in New Mexico but not registered in our state of Colorado 


I think maybe he is to green to know he is doing something illegal or poorly supervised!
 
Nov 30, 2007 10:41 am

He might not even be licensed to sell yet.. Might be in the doorknocking but not yet series 66 licensed.. Either way.. Bad News!

Nov 30, 2007 12:15 pm

Do you live right on the border?  Seems unusual for someone to be doorknocking in two states at once. 

Nov 30, 2007 1:18 pm

I live about 50 miles from the border. The high net worth people live here in the mountains.

Most are second home owners.
Nov 30, 2007 4:25 pm

He actually admitted to a prospect that he was not licensed in the sate he was prospecting in?!?!  

Nov 30, 2007 4:52 pm

Greenbacks, the next time this happens please have your wife video tape the doorknock.  Put up on youtube and see if any of the jonesies can identify.  I'm trying to get video of the new doorknocker in my town.  I think it would be hilarious to follow them door to door. 

 
I would not be suprised about the lack of knowledge of the newbie, they're trained just enough to be dangerous.  A renegade segment 1.
Nov 30, 2007 4:56 pm

He obviously got turned around in those mountains and didn't realize he was in CO instead of NM.  Doorknocking can do that to a guy.

Dec 1, 2007 2:38 pm

Ouch this is brutal if true. 

Dec 1, 2007 10:53 pm
Spaceman Spiff:

He obviously got turned around in those mountains and didn't realize he was in CO instead of NM.  Doorknocking can do that to a guy.

 
C'mon??? 50 miles from the border and your colleague got "turned around"??? or is that the response you taught the newnew to give?
Dec 2, 2007 12:06 pm
compliancejerk:
Spaceman Spiff:

He obviously got turned around in those mountains and didn't realize he was in CO instead of NM. Doorknocking can do that to a guy.



C'mon??? 50 miles from the border and your colleague got "turned around"??? or is that the response you taught the newnew to give?





Do ya' think maybe he was just kidding?

Dec 2, 2007 2:38 pm
Broker24:
compliancejerk:
Spaceman Spiff:

He obviously got turned around in those mountains and didn't realize he was in CO instead of NM.  Doorknocking can do that to a guy.

 

C'mon??? 50 miles from the border and your colleague got "turned around"??? or is that the response you taught the newnew to give?





Do ya' think maybe he was just kidding?



 

Dec 2, 2007 7:18 pm

That poor guy probably has no idea what he is getting into.  I know some on here will be swift to defend doorknocking...personally I just find it intruding these days.

 
No matter if someone got their first account knocking on a door or not...either way its just something I wont do.
Dec 2, 2007 10:55 pm

Door-knocking is awful.

 
I had a newnew in my office the other day who had just returned from KYC, and he was scared to death. I think all the role playing really freaked him out, and he said he was very leary about the whole door-knocking thing. I told him I wished he had given me a call before he'd quit his job. (Since I believe starting out as a newnew is a terrible idea.)
 
The only person he spoke with prior to applying was a Seg. 5 guy who took over a $50 million office 15 years ago and has never door-knocked a day in his life. (He built his office to its current size by gathering the assets of failed brokers in the area throughout the years.) He's definitely not someone I'd recommend a person who's starting out newnew to visit with about what it's like to build a business from scratch.
 
Just to try and prevent the attacks, I am not being negative about Jones. I believe it is a great company, but I have to laugh at the things I used to do--at their direction, of course--to make sure I had my contacts in the system and the sales I needed to stay employed.
 
I certainly don't miss those days.
Dec 2, 2007 10:59 pm

Oops, let's try that again...LEERY

 
Dec 3, 2007 11:37 am
Borker Boy:

Door-knocking is awful.

 
I had a newnew in my office the other day who had just returned from KYC, and he was scared to death. I think all the role playing really freaked him out, and he said he was very leary about the whole door-knocking thing. I told him I wished he had given me a call before he'd quit his job. (Since I believe starting out as a newnew is a terrible idea.)
 
The only person he spoke with prior to applying was a Seg. 5 guy who took over a $50 million office 15 years ago and has never door-knocked a day in his life. (He built his office to its current size by gathering the assets of failed brokers in the area throughout the years.) He's definitely not someone I'd recommend a person who's starting out newnew to visit with about what it's like to build a business from scratch.
 
Just to try and prevent the attacks, I am not being negative about Jones. I believe it is a great company, but I have to laugh at the things I used to do--at their direction, of course--to make sure I had my contacts in the system and the sales I needed to stay employed.
 
I certainly don't miss those days.
 
Borker, true, and many others post the same type of things on this board.  I doorknocked for some time (maybe a year?) and hated it.  But I also never really hear any other concrete suggestions (other than coldcalling) as to how to start out in this business (absent taking over a book, doing a huge goodknight, already being connected, etc.).  Other firms doorknock (I have an AGE guy poking around our neighborhoods right now).
 
It's easy for people that have been in the business several years to criticize doorknocking (and again, I hated it...), but there are only so many ways to get started from scratch - and NONE of them are easy.  I NEVER want to go back to it, but it definitely got me started.
Dec 3, 2007 12:16 pm

Doorknocking is an okay way of doing business to begin with.  I can say I was a little embarrassed walking the neighborhoods in my town.  I think the real problem with doorknocking in some communities is what the thread was started on.  So much turnover in the Jones offices, some homes(my town in particular) have been hit mulitple times.  Remember the "cry wolf" tale?  I assume most people talk about how long the newby will be around and not how they could do business in the future. Just my 2...ah hell..that was worth 3 cents.


Realistically what would the success rate be for a new seg 1 in my town.  We've had 7 brokers in the office since 1999.  Its almost laughable now that I think about it.
 
Dec 3, 2007 1:25 pm

The turnover is incredible. I don't know what it's like at other firms, but I have to believe that when a Jones guy abandons an office, it has a much more negative impact on the brand than when a ML guy leaves a ten-broker office.

 
It's pretty disturbing, I'm sure, when a client drives up to their Jones office only to find a closed sign on the door and an empty office inside.
 
And, unfortunately, it's something that happens very regularly.
 
 
Dec 3, 2007 2:16 pm
Broker24:
compliancejerk:
Spaceman Spiff:

He obviously got turned around in those mountains and didn't realize he was in CO instead of NM.  Doorknocking can do that to a guy.

 

C'mon??? 50 miles from the border and your colleague got "turned around"??? or is that the response you taught the newnew to give?



Do ya' think maybe he was just kidding?

 
compliancejerk is just living up to his normal reputation.  He's as anti Jones as I am pro Jones.  Maybe I should have put one of those cute little emoticons behind my quote.  Perhaps then he would have recognized the glaring sarcasm.  Actually I don't know that it would have helped.  He's been so vocal recently about his disdain for Jones that it has clouded his already fuzzy perception of reality.  He's looking for every opportunity to show Jones in a negative light. 
 
Doorknocking is an tool to gather prospects.  Nothing more.  Nothing less.  It is the building of a relationship that will eventually open the accounts.  So whether you knock on doors, mass mail, or cold call is really a moot point.  It is a contact sport.  Make the contacts.     
Dec 3, 2007 2:24 pm
So is that what happens when someone leaves Jones?  Their office is just closed until they find a replacement?  I guess the accounts are just split across nearby offices?  Sorry if this is an obvious question.  I have no idea how this stuff works at Jones.
 
I'm in a wirehouse, and have seen a bit of turnover.  I think what surprised me is that when a relatively new guy fails out, many of their clients don't care.  I've inherited a few accounts and when told that their former advisor is no longer with the firm, they're totally fine doing business with me.  I guess the mentality is more that they're doing business with the office and not a particular person.
 
Borker Boy:

The turnover is incredible. I don't know what it's like at other firms, but I have to believe that when a Jones guy abandons an office, it has a much more negative impact on the brand than when a ML guy leaves a ten-broker office.


 
It's pretty disturbing, I'm sure, when a client drives up to their Jones office only to find a closed sign on the door and an empty office inside.
 
And, unfortunately, it's something that happens very regularly.
 
 
Dec 3, 2007 3:00 pm
shadow191:
 
I'm in a wirehouse, and have seen a bit of turnover.  I think what surprised me is that when a relatively new guy fails out, many of their clients don't care.  I've inherited a few accounts and when told that their former advisor is no longer with the firm, they're totally fine doing business with me.  I guess the mentality is more that they're doing business with the office and not a particular person.
 



Perhaps because the adviser failed to build a good relationship with those who chose to stay behind....