Leave $75K to join EDJ?

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Jul 17, 2006 2:05 pm

Hello to all,


I have just been offered a position with EDJ and I need the help from you knowledgeable  IR’s / FA’s out there. The reason I am posting this is because you guys have great acumen on how this industry works and what it takes to be successful.


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I am currently in the vitamin industry. I work as a sales manager and make 75k / yr. I manage and sell to retailers covering 4 states and I am on the road quite a bit. The constant travel is really burning me out, caused me 2 relationships and I am losing momentum FAST! I was initially attracted to EDJ because of the training, my own office, being able to be home every night, tuition reimbursement, etc. – these things my current company does not offer. My question(s) is this: How long would it take (typically) to get back to and or surpass my current income working for EDJ? All sales are tough and dealing with rejection is part of this wonderful thing we call selling. How tough is it to really make it in this industry? Does it make sense to leave a good paying job, start a new one at a rate of 32K for the 1st year, then on my own on the second? I do not mind taking risks; but if there are people out here who have had to make the tough decision, I would like to hear about it.



Thanks much in advance and have a wonderful day.

Jul 17, 2006 2:54 pm

anyone?

Jul 17, 2006 7:21 pm

This question has been asked and answered many times. My advice: Fix a strong cup of coffee and go through the previous posts. It will take about 2 hours, but you'll get your answer.


Good luck!



Jul 17, 2006 7:33 pm

Even if you decide to make the switch in careers, you need to make sure that you are going to the right company for you.

Jul 17, 2006 7:44 pm

Thanks guys. Anonymous - from the reseach I have conducted EDJ seems to be a good place to start but not stay, build up my sea legs and move on.

Jul 17, 2006 8:03 pm

I left a 90k job to work for EJ in the spring of 2002 . Failure was not an option. Today, 30 mill aum and still here. Sometimes I get bored of the biz, sometimes I get sick of the biz, and then I realize where else am I going to make 100k working 30- 35 hrs/wk. I keep forging forward. It's not always EZ.

Jul 17, 2006 8:59 pm

Thanks for putting it EZ, EZ! Actually, I already have the EDJ computer and printer in my home now. As soon as it was delivered, I  realized that I was leaving  really leaving my company, I am started  getting cold feet. Not because of the oppertunity, but because of my stupidity running up debt chasing beautiful high maintanance women and keeping them happy. Boy, where was "financial self defense" or "the millionaire next door" when I needed it.

Jul 17, 2006 9:06 pm

I apologize, did not use spell check. Thanks.

Jul 17, 2006 9:12 pm
hopkinswannabe:

Thanks for putting it EZ, EZ! Actually, I already have the EDJ computer and printer in my home now. As soon as it was delivered, I  realized that I was leaving  really leaving my company, I am started  getting cold feet. Not because of the oppertunity, but because of my stupidity running up debt chasing beautiful high maintanance women and keeping them happy. Boy, where was "financial self defense" or "the millionaire next door" when I needed it.


Sorry, but I am a little confused.  You initially stated that you have been offered an EJ position and that you currently work for a vitamin company.  Then you state later that you already have the EJ computer and printer at home.  You don't get a computer and printer until you have quit your other employer, signed the contract and begin your Series 7 study and initial doorknocking.  Which is it?


Jul 17, 2006 9:30 pm

Ilovedogs, first, let me say that I love dogs too, so I guess we have somthing in common. With that being said, I am scheduled to begin my series 7 training on Monday (and yes, I do have in possesion, thier computer and printer). My job has been notified that I am leaving however, I am in very good standing with them and am able to rescend my resignation before Monday and get on with my life as if nothing happened - was even offered a raise to stay.


I am just at a point now where I am unsure about the oppertunity, should I press forward and not look back - be broke until I build my book? Or should I keep the cash coming in and pay off debt?

Jul 17, 2006 9:37 pm

EJ may be the best place for you, but have you interviewed at other places?

Jul 17, 2006 10:07 pm

did you quit your job or not. Based on what you're saying you better stay with what you were doing. You're not committed enough for this career. Too wishy washy if you ask me. Go get some balls and then try again when you're grown up.

Jul 17, 2006 10:24 pm

EZ:


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All you ever do is run your mouth about how everyone is going to fail and how being a FA is so rough.  Here is a piece of advice for you . How about you shut your mouth and grow up…



Better yet, how about doing something else for a living if you hate it so much?



Shmer..

Jul 18, 2006 6:37 am
hopkinswannabe:

Ilovedogs, first, let me say that I love dogs too, so I guess we have somthing in common. With that being said, I am scheduled to begin my series 7 training on Monday (and yes, I do have in possesion, thier computer and printer). My job has been notified that I am leaving however, I am in very good standing with them and am able to rescend my resignation before Monday and get on with my life as if nothing happened - was even offered a raise to stay.


I am just at a point now where I am unsure about the oppertunity, should I press forward and not look back - be broke until I build my book? Or should I keep the cash coming in and pay off debt?




Trust me....go back

Jul 18, 2006 7:34 am
Ilovedogs:
hopkinswannabe:

Ilovedogs, first, let me say that I love dogs too, so I guess we have somthing in common. With that being said, I am scheduled to begin my series 7 training on Monday (and yes, I do have in possesion, thier computer and printer). My job has been notified that I am leaving however, I am in very good standing with them and am able to rescend my resignation before Monday and get on with my life as if nothing happened - was even offered a raise to stay.


I am just at a point now where I am unsure about the oppertunity, should I press forward and not look back - be broke until I build my book? Or should I keep the cash coming in and pay off debt?




Trust me....go back



Go back.  In the last thirty years there has never been a worst time to try to start out in this business.


If you've got an almost certain network that will quickly result in a book go for it.


If you're a retired Colonel go for it.


But if you're a typical college graduate floundering around because you're, well, a typical college graduate floundering around go sell life insurance.


When you're 34 years old pull your sales records together and go show them to a manager at Smith Barney.  If you did good there you'll be hired--if you didn't do good there you would have done even worse at Smith Barney.


These are harsh realities boys and girls, but once you leave the Sigma Chi house life becomes a real challenge.  Be up for it, do it right.

Jul 18, 2006 7:59 am

Thanks guys for the feedback, during my tenure with my company I have sold to small business owners and built up relationships with people covering 14 states, I will attempt to call on these same people if I press forward with EDJ. I am not afraid to try it out and if it does not work out - well, life goes on. You know, nothing ventured, nothing gained. Take Arnold for example, when he wanted to become a Hollywood movie star he was just a dumb big bodybuilder, when he wanted to become governer of the 5th largest economy in the world, he was just a dumb actor with crazy dreams.... Guess what, he accomplished both despite the naysayers!


If you do not believe in yourself and have in Napoleon Hill words "a burning desire" to succeede, then you will fail. Again, my only real concern was and still is, how long will it take to get back to and or surpass my current income based off of all of your professional experiences. Thanks again.


Jul 18, 2006 8:02 am

"EJ may be the best place for you, but have you interviewed at other places?"


I have spoken to Raymond James people offline and they told me that they always recruit Jones people. My own office and BOA really appeals to me.

Jul 19, 2006 4:06 pm

It will take you at least 4 years of stressful living to make 80k.

Jul 19, 2006 9:42 pm
ezmoney:

I left a 90k job to work for EJ in the spring of 2002 . Failure was not an option. Today, 30 mill aum and still here. Sometimes I get bored of the biz, sometimes I get sick of the biz, and then I realize where else am I going to make 100k working 30- 35 hrs/wk. I keep forging forward. It's not always EZ.


You only make $100,000 with $30mm AUM? I'm so sorry.

Jul 19, 2006 11:36 pm
hopkinswannabe:

Thanks for putting it EZ, EZ! Actually, I already have the EDJ computer and printer in my home now. As soon as it was delivered, I  realized that I was leaving  really leaving my company, I am started  getting cold feet. Not because of the oppertunity, but because of my stupidity running up debt chasing beautiful high maintanance women and keeping them happy. Boy, where was "financial self defense" or "the millionaire next door" when I needed it.



How do you expect to be qualified to advise investors how to build wealth if you've run up a 'huge pile of debt chasing high maintenance women'?  Would you have us believe  that suddenly you've seen the light?

Oh that's right, at Jones you don't really need to be qualified to advise anyone....you just need to be able to SELL investments and follow orders.