Are you an investment advisor was actually my first choice when I first asked the question “How do I create my own business?” about 5 years ago.
My professional experience is corporate business, I was accustomed to people tips on where to put their money, they … But the thing was shit on the shore, that the amount of money I would have paid in commissions was terrible compared to boys, to provide investment advice through their own licenses.
When you sell investments – it stocks, mutual funds, cash value insurance, or even real estate – and sell on your own license you are 20 times – 50 times more than you would if you were from another broker.
So I decided to get my investment license and started selling.
There are two major advantages for the business of giving investment advice.
First, you do not need to invest millions of dollars. You can use the money of other people, and you will be paid accordingly. For example, instead of starting with $ 100 per month with your own money, you can create a client who has million in its portfolio and you will receive commissions on millions instead of a few hundred dollars.
Side Note: You must be really careful when you handle other people’s money, not because they can only come after your license, but they will never again for a new customer, you. That’s why you study and acquire a license before recommendations.
Second, you’ve paid commissions every year remaining on the size of the wallet. So let’s say it takes 5 years to 10 million customers in your portfolio to get, and say that you are paid an annual fee of 2% residual … 2% of the $ 200,000.00 $ 10,000,000.
This means that you at least $ 200,000.00 per year that these accounts are paid in your wallet. And if you do your job properly made, that is $ 10 million to $ 12 million $ 15 million next year and again a year later and so on and so forth.
So each year under, you will receive 2% on the amount of new … If your residual income grow exponentially every year.
So all this sounds just wonderful? But it is a fairly obvious that in circulation now, which is …
“Arman is not a” bad time on the market “for investment? Is not this a dangerous place to start my own business?”
And it’s a very logical thing to ask … and the answer is no, it’s not dangerous.
Let me explain …
When I said that investment, I do not want shares … or mutual funds do not … There are literally hundreds of ways to invest and grow money. And there is always something that works. Your job as an investment adviser is up to date with what is going well.
For example … Perform the stock market and real estate market in the same patterns. Meaning, if the stock market is not as good (which is not at the time of this writing), this means that housing prices are not good either (yet).
There are two points I want to the stock market and real estate to do “problem” of what is happening.
First. Yes, it is true that stock and property prices fell later, when they were on the rise … But when prices are low, this means that it is a buyer’s market.
So as consultants, are you for people who want have money to invest. And you know what to know what is best for your customers.
Second. When the stock market and real estate markets are not successful, gold and silver markets. At the time of this writing, the price of silver has increased by over 100% over the last 6 months. And you do not have to take my word for it … Google and just see.
Thus for all depends on how you are informed and that you study the trends of the economy.
Which brings me to my final point …
Start your own business is probably one of the best investment opportunities to start a business. Apart from the cost of the license, and the cost of training (which is less than a few hundred dollars per year) you do not have any additional costs.
There is no product in stock buy in bulk, because your products are the new account application, you are given free of them nominated supplier of products you choose to work.
You do not need to hire employees for the first year or two, because you do not have much, “maintenance” to the extent that the Company. You need to concentrate on building your customer list. Commissions in advance of the sale is more than enough to afford a lifestyle for you and your family. And residues of the money that is under your leadership to ensure a great retreat.
As long as you have a good grip on the economy and the features and benefits of the investment options that you get promoted, you can sell millions of dollars of investment with the use of pen and a sheet of paper.
That’s how I started and in fact continues to make transactions when I was consulting. I had a nice zip folder that I carry with me to my appointment with some cards that I laminated and that’s it.
I sold more than $ 25 million investment in less than 3 years of consulting experience. (Unfortunately, more than half of it was done when I was in banking)
If you do not have a problem sitting in front of people and investment concepts to explain, you’ll have no problem, the money in your company specific investment advice.
There’s a reason why so many millionaires are made in this business model … because the profit per sale ratio is so huge. Worth an hour of work, you can make $ 200,000.00. No joke.
And if you really comfortable talking big numbers, you can make a few million dollars in value than the same hours of work.
Pretty cool huh?
I just want to give you some of the licenses you get when you wanted to go into investments. Not all licenses that are available, but they are the most common and with these you can pretty much sell all kinds of investment. And they all have the potential for someone to turn to riches.
License of Life – This is technically a licensed life insurance, but has developed as the life insurance industry, you can sell 70% of investment products with the single-license.
Series 7 – It is approved investment adviser. With this license, you can not sell outside of the property. Stocks, bonds, mutual funds, annuities, etc.
Property – It should not have much explanation. Obtain a license to sell real estate. I think if you want to sell to commercial real estate, required a separate license.
Also, if you want some independent reading on this topic, below is a list of some of the best books about investing in the stock market, precious metals and real estate.
Good luck.
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