Training costs at Jones

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Mar 28, 2008 4:10 pm

Can anyone guess as to why Jones figures their initial training to be worth $75K? I mean, that's about what I paid for my four-year college education.


Sure, I can role-play with the best of them, "hamburger" your a$$ all day long and counter nearly any objection a person could raise regarding why they shouldn't buy a 30 year bond from me, but would I consider my training to be worth $75K?
 
Not even close.
 
 
 
 
 
 
Mar 28, 2008 4:22 pm

Borker....I'd pay 2x that to have a fake door to knock on and role play with my drunk buddies.  Why bring scrabble to an all adults party when you could wheel around that damn fake door....think of the possibilities.  I bet SPiffy thought up the fake door prop...I almost shit myself when I had to go to these damn fake doors...what a wonderful, professional firm....why would anyone leave. I bet Avon, Amway don't have those fake doors...

Mar 28, 2008 5:04 pm

Well Borker Boy, that's a great question. And bspears, what an awe inspiring answer.


I think the $75k is for the flight to St Louis, the meals and drinks for the visiting vet, and the notebooks you get to keep. In addition, you get to call into a vet that comes into the home office every week to give you sales ideas like...."Ms Smith, this is Eddie with Eddie, and I have an investment available that pays you $500 every 6 months and you get to keep it as long as you like. If you have money available, I suggest you own it today! shhhhhhhhhh. silence. Well, Ms Smith...that's a great question. Why don't you come into my office I'll show you this excellent investment. Do you have time on Tues at 9am or Thur at 1? The minimum....such a good question...that would be $25 dollars a month. If you have this money availabe, you should buy it today. Are you available Mon or Wed at 11 am?


There's a little more like the new FA meetings that a supposed "VET" runs...he's a volunteer, but it might cost something in sodas or the candy dish he has at the BOA's desk.
 
All in all, an excellent training.
Mar 28, 2008 5:54 pm

Worth it? having dogs turned loose on you, getting heat stroke or frost bitten some old lady calling the cops on the stranger in the neighborhood"PRICELESS" after all that you think sombody's reflex objection is going stop you? you will be prepared for anything!

Mar 28, 2008 7:03 pm

Yooper-a guy in my training class was an x-basketball player for a large Missouri college-he got arrested on his first day of door knocking because the police thought he was a threat. 6'7" SCARED A FEW PEOPLE.


A guy in my region was a body builder and this young, petite thing came to the door and said she was a personal trainer. She told him to come in because she wanted him to try out her new equipment. He messed around a bit with the training stuff, and left. She sent him a bill for personal training!


A guy in my region knocked a door and the security gate was open on the front door. He went in, but it locked behind him. Unbeknownst to him, the dogs were loose. He had to climb/jump a six foot fence after being bit.


An office in my region had a homeless person out back at the dumpster. Scared the living begeezus out of them when they took the trash out.


An office in my region had a guy go by looking in suspiciously and fortunately the BOA was afraid enough that she got up and locked the door before he tried to get in. He came back and could not get in, and so he went down the street with his gun to the flower shop owner's head and robbed her (He did get caught). Another guy came in asking for cash and the BOA gave $20 because she was afraid and he went away. Home office's answer. Keep the door locked.


There was an office in my region where a son of a client had to have a restraining order issued against him because he was so scary and wanted to know all about his parent's stuff at this lonely office.
 
Point being....door knocking is very dangerous. Being in a two-person office is very dangerous. If the home office had to report all the offenses committed against their brokers and assistants they would be out of business! Folks----tell your stories!
 
On a lighter note...not one of the above scenarios have happened in my current firm.
Mar 28, 2008 7:24 pm
Borker Boy:

Can anyone guess as to why Jones figures their initial training to be worth $75K? I mean, that's about what I paid for my four-year college education.

Sure, I can role-play with the best of them, "hamburger" your a$$ all day long and counter nearly any objection a person could raise regarding why they shouldn't buy a 30 year bond from me, but would I consider my training to be worth $75K?
  Not even close. 


I know it's not as amusing as some of the great responses you've already gotten, but here's my answer as to why Jones figures their training is worth $75K:  because they can.

It's all about maintaining leverage, reducing defections, and/or collecting fees that most companies in other industries readily accept is simply a cost of doing business - training their employees.

I would only add this is NOT simply an EDJ hatchet job.  It is industry wide.  Not that everyone who leaves early actually has to pay exactly what the contract calls for, but under contract law it certainly gives the B/D a hell of a lot of leverage.

Mar 28, 2008 7:32 pm

Don't forget those dry lunches at the training center nor that home away from home at Westport Plaza!

Mar 28, 2008 8:20 pm

I mean seriously the pasta alone was worth 50K and then add in the luxury of the Westport, how could you put a pricetag of 75K on that??? I think I had one extra PB & J sandwich at the lunch on Thursday, I probably owe 5K for that. Who should I send my check to?

Mar 28, 2008 8:25 pm

Oh my Gosh! I got a revelation. I think that they came up with the 75K number because of the bible! Let's see....7+5= 12....the twelve apostles. EDJ came up with the number because they are all serious Christian Men and they are associated with the Twelve Apostles. It's Armageddon.  It's secret numbers for sure.

 
Just curious...how many of the GP's profess to be serious Christians...not the ones that are not serious, but the ones that are really good? They are really good people, I'm sure.
 
We have not talked about the "high-falootin" christian men who are REALLY the Good Christians at EDJ. It's a true issue. How many GP's are better than you? How may have proof that they are way TOO awesome like the Pharisees?
 
You all know I am on to something......are they better than YOU?
Mar 28, 2008 8:29 pm

My favorite is the 3K for the laptop and printer if you don't return it.......

Mar 28, 2008 11:37 pm

Does anyone else have their KYC door knocking tape?  How funny...I seem to weigh more and my hair color appears to have changed.

Mar 29, 2008 10:05 am
donatello:

Yooper-a guy in my training class was an x-basketball player for a large Missouri college-he got arrested on his first day of door knocking because the police thought he was a threat. 6'7" SCARED A FEW PEOPLE.  - I've heard of people being asked to leave neighborhoods, but never arrested.  Unless he needed some sort of permit, he wasn't doing anything illegal.


A guy in my region was a body builder and this young, petite thing came to the door and said she was a personal trainer. She told him to come in because she wanted him to try out her new equipment. He messed around a bit with the training stuff, and left. She sent him a bill for personal training! - Are you sure it was for personal training?

A guy in my region knocked a door and the security gate was open on the front door. He went in, but it locked behind him. Unbeknownst to him, the dogs were loose. He had to climb/jump a six foot fence after being bit. - He shouldn't have gone inside.  That was just stupid.


An office in my region had a homeless person out back at the dumpster. Scared the living begeezus out of them when they took the trash out. - You aren't seriously saying that it had anything to do with the Jones office are you?  Like the homeless guy made a consious decision to park his happy butt there because of the Jones office?


An office in my region had a guy go by looking in suspiciously and fortunately the BOA was afraid enough that she got up and locked the door before he tried to get in. He came back and could not get in, and so he went down the street with his gun to the flower shop owner's head and robbed her (He did get caught). Another guy came in asking for cash and the BOA gave $20 because she was afraid and he went away. Home office's answer. Keep the door locked. - I've told my BOA to do the same thing.  The chiropractor next door told his secretary to do that.  The podiatrist next door told his assistant to do that.  The real estate office that used to be below me had a buzzer/security system.  I hope the girl down the road who's an indy has something like that too.  Again, not a Jones issue.


There was an office in my region where a son of a client had to have a restraining order issued against him because he was so scary and wanted to know all about his parent's stuff at this lonely office. - Deal with people and money long enough and you're going to get into some interesting cases.  People and money don't mix very well.  Especially the crazy ones.
 
Point being....door knocking is very dangerous. Being in a two-person office is very dangerous. If the home office had to report all the offenses committed against their brokers and assistants they would be out of business! Folks----tell your stories!
 
On a lighter note...not one of the above scenarios have happened in my current firm.
 
You have some serious issues.  And I'm not talking about the ones you have with Jones.  I've been doorknocking for over 5 years now off and on.  The police have never been called.  I've only been almost bitten by a dog once.  I've never had anyone slam the door in my face.  I've never been trapped inside anyone's home.  I've never opened a front door on my own without permission.  I've only had one grumpy old guy yell at me for waking him up at 11:30 am.   
 
Being in a two person EDJ office is no more dangerous than any other small office like a lawyer, chiropractor, INDEPENDANT FINANCIAL ADVISOR, or dentist.  There was a CPA in our area who was recently shot to death in his office by some crazy man out looking for drug money.  Walked right in and shot him while he was sitting at his desk.  Security and awareness are important these days.  It's not just a Jones problem. 
Mar 31, 2008 3:20 pm

The guy before me in my old office tells of the police being called and he was stopped and questioned as he was walking down the street.  It was the beginning of the end for him....I personally had an old sob tell me to get the hell off his porch or he was going to shoot me...as a matter of fact there was a gp with me at the time..doing some field research.  We didn't say a word for a few houses....PRICELESS...I bet she was thinking "I can't believe we have these stupid newbees doing this"...

Mar 31, 2008 5:11 pm

You guys need to go to Tempe to train...no dry meals there...A1 service...worth at least 25k per FA!

All I've read on this thread is how EDJ is a great place to start (even heard it from the haters bspears etc...)..now all of the sudden the hamburger isn't good anymore (both figurartively and literally!   Geeeshh
 
Mar 31, 2008 5:40 pm

I did have a nice looking gal come to the door with no cloths on!  That was worth at least $29.95.  I did get stopped by the police chief--but within a week he became client number 4

and still is my client.  I still believe the 75k is the cost of Westport Plaza!
Mar 31, 2008 9:35 pm

I suppose a contract with a pay back of $75K training, pro rata over 3 years is not bad. If this is a clause, it should also take into account your contribution to the green giant and reduce the amount accordingly.<?: prefix = o ns = "urn:schemas-microsoft-com:office:office" />


There has to be some aceptance that an Employer unwittingly has employed an under performer!




Sorry I have not seen their contract, so my comments are purely spectulative!

What if THEY get rid of a person after a year, who has seemingly tried their best ... What are the liabilities for the Rookie?


Liabilities exist on either side!

 
Mar 31, 2008 9:57 pm
btomba:

I suppose a contract with a pay back of $75K training, pro rata over 3 years is not bad. If this is a clause, it should also take into account your contribution to the green giant and reduce the amount accordingly.<?: prefix = o ns = "urn:schemas-microsoft-com:office:office" />


There has to be some aceptance that an Employer unwittingly has employed an under performer!




Sorry I have not seen their contract, so my comments are purely spectulative!

What if THEY get rid of a person after a year, who has seemingly tried their best ... What are the liabilities for the Rookie?


Liabilities exist on either side!

 

 None...either side

Mar 31, 2008 10:05 pm

Still not sure on the answer to the first part, but thanks for the  answer to the 2nd

Answer to ????
I suppose a contract with a pay back of $75K training, pro rata over 3 years is not bad. If this is a clause, it should also take into account your contribution to the green giant and reduce the amount accordingly. BY What????<?: prefix = o ns = "urn:schemas-microsoft-com:office:office" /><?: PREFIX = O />
Apr 1, 2008 11:58 am
Borker Boy:

Can anyone guess as to why Jones figures their initial training to be worth $75K? I mean, that's about what I paid for my four-year college education.


Sure, I can role-play with the best of them, "hamburger" your a$$ all day long and counter nearly any objection a person could raise regarding why they shouldn't buy a 30 year bond from me, but would I consider my training to be worth $75K?
 
Not even close.
 
In a way I do not blame Jones!
 
After all if you are dumb enough to sign it then you are dumb enough to work for there scraps and peddle there crap and drink there kool aid
Who really is the morron the rep's or the GP's?
No fair the say both one has to dumber then the other.