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Jul 1, 2006 1:00 pm

[quote=NASD Newbie]Dues, it's all about paying your dues.[/quote]
The story of my life.  But I will pay dues again for a few years in this career if after doing so (4-5 years?) will result in reasonable hours, valued relationships and potential for high income.

Jul 1, 2006 2:07 pm

If your doing fee based consider this:

5 million a year x 1% for 3 years is 150,000 GDC you'll make around 40,000-60,000 depending on what firm your with in your 3rd year.  Also if your doing 150K at LOS 3 you're probably going to get fired.

100K a week the first year, 150K a week 2nd year, 200K a week 3rd year. Better goals.

That wil put you at 225,000 GDC, you probably still will get fired depending on firm.  My point is mix it up don't do 100% fee based until you've built your book up. 

Jul 1, 2006 2:14 pm

[quote=bankrep1]

If your doing fee based consider this:

5 million a year x 1% for 3 years is 150,000 GDC you'll make around 40,000-60,000 depending on what firm your with in your 3rd year.  Also if your doing 150K at LOS 3 you're probably going to get fired.

100K a week the first year, 150K a week 2nd year, 200K a week 3rd year. Better goals.

That wil put you at 225,000 GDC, you probably still will get fired depending on firm.  My point is mix it up don't do 100% fee based until you've built your book up. 

[/quote]

Oh, that's right.  It's that easy--just set your goals and do it.

$100,000 per week, each and every week.  If you go into a weekend without having found $100,000 during the previous five days you'll have to find $200,000 the next week to catch up.

Go two weeks without closing a deal and you'll have to find $300,000 the next week.

Sure it can be done--by about 1 out of 10 who try.  That one is way too busy to post on this forum.

Jul 1, 2006 2:46 pm

NASD,

Why are you on a brokers forum when your not a broker? 

Jul 1, 2006 3:07 pm

[quote=bankrep1]

NASD,

Why are you on a brokers forum when your not a broker? 

[/quote]

But I am a broker.  Being a broker is like being a Marine--once a Marine, always a Marine.

If what I say is wrong, correct it.  If what I say is a harsh reality pay attention to it.

Jul 1, 2006 3:24 pm

Fact, your not a broker.  Being a broker is not at all like being a marine, if you were successful as a broker you would still be one.  I seen your resume and while you might think it is impressive it shows me you can't commit to something.

The marine who serves his country for 20 years is very different than the one who did 4 and out.  Find a retired managers forum and I bet you'd have more people on your level, whatever level that is... 

Jul 1, 2006 4:09 pm

[quote=bankrep1]

I seen your resume and while you might think it is impressive it shows me you can't commit to something.

[/quote]

You seen my resume did you?

Jul 1, 2006 4:17 pm

[quote=bankrep1]

NASD,

Why are you on a brokers forum when your not a broker? 

[/quote]

In light of the fact that you seen my resume you probably could use some more help.

In your sentence above you should have put an apostrophe in the word brokers--broker's is the possessive form.

Then there's the your versus you're error.  Normally when I see it I think it's an honest mistake--but in your case it's clear that you don't know so here's that lesson.

Your is the word used to describe possession--your hair, your car, your job, your mistake.

You're is a contraction of the words you and are.  You see I could say something like, you are not very smart are you?  Or I could say, you're not very smart are you?

Both would be correct.

Jul 1, 2006 5:55 pm

I could use some help with the acronyms here: LOS, GDC

Jul 1, 2006 7:30 pm

NASD,

You should add english professor to your resume. You're an idiot.  You're the one who posted it.  Why don't you answer my question, why are you here?

Jul 1, 2006 11:42 pm

LOS is Length of Service, GDC is Gross Dealer Concession, and PC is Production Credit (a whittled down form of GDC).  Newbie's in my wirehouse study, answer the phones, and network.

Ace

Jul 2, 2006 2:59 am

[quote=bankrep1]100K a week the first year, 150K a week 2nd year, 200K a week 3rd year. Better goals.  That wil put you at 225,000 GDC, you probably still will get fired depending on firm.  
[/quote]

How are these better goals if they will likely result in being fired?

Jul 2, 2006 3:04 am

Look, Opie, just put your head down and do what you know you have to do.  Forget the politics, the naysayers and the negative folks at the office and, as the saying goes, JUST DO IT.

Jul 2, 2006 3:08 am

Yessir.  Just trying to figure out what numbers to use on my business plan.

Jul 2, 2006 3:10 pm

If you do some commission work and some fee based work.  The numbers above will work say your average % is 3%

First year 5 million x 3% =150K

Second year 7.5 million x 3% = 225K + trails from first year maybe 275K-300K

Third year 10 million x 3%= 300K + trails maybe 350K-400K

No way your getting fired with these #'s

My point again is don't do all fee based out of the gate you'll never make it.

Jul 3, 2006 3:16 am

NASD Newbie is Put Trader aka Big Easy in disguise…you’re not fooling anyone Put.



As for the original question, try one of my ideas - I recently rented a
crop dusting airplane and “dusted” my business cards over all the area
country clubs, rich neighborhoods, etc.  So far I have received
several call backs and only a few were in regards to the littering.
   

Jul 3, 2006 3:19 am

[quote=Scorpio]NASD Newbie is Put Trader aka Big Easy in disguise....you're not fooling anyone Put.

As for the original question, try one of my ideas - I recently rented a crop dusting airplane and "dusted" my business cards over all the area country clubs, rich neighborhoods, etc.  So far I have received several call backs and only a few were in regards to the littering.    
[/quote]

That's thinking outside the box!

I'm not sure I'd do that (compliance might object, not to mention the local sanitation authorities), but it's certainly creative.

Jul 3, 2006 3:43 am

[quote=Scorpio]NASD Newbie is Put Trader aka Big Easy in disguise…you’re not fooling anyone Put.



As for the original question, try one of my ideas - I recently rented a
crop dusting airplane and “dusted” my business cards over all the area
country clubs, rich neighborhoods, etc.  So far I have received
several call backs and only a few were in regards to the littering.
   

[/quote]

OK at the risk of sounding foolish I’ll bite…did you ACTUALLY do that?

Jul 3, 2006 4:36 am

[quote=Scorpio]NASD Newbie is Put Trader aka Big Easy in disguise....you're not fooling anyone Put.

As for the original question, try one of my ideas - I recently rented a crop dusting airplane and "dusted" my business cards over all the area country clubs, rich neighborhoods, etc.  So far I have received several call backs and only a few were in regards to the littering.    
[/quote]

I can't imagine that being effective...or a crop duster being a willing party to littering.  Sounds like a bad urban legend to me.

Joe, you're too sharp to fall for that one...

Jul 3, 2006 6:46 pm

What a clusterphuck of brain power that exchange is.