| Topic Name: |
Financial Advising |
| Message Name: |
Advice 2 |
| Date Posted: |
02/08/2007 |
| In Reply To: |
Thanks for the input. I am fully prepared to transition fully into sales. My last year in banking I have been out on sales calls the majority of each week. My main concern is in knowing that this is a rough business to start out in and it could take several months to build up a decent client base and stream of income. I have savings prepared to last me for several months, but I need an idea (I know it is going to be very general as every situation is different) of when can I expect to see returns on my hard works and what kind of returns ($$$) might those be. Most of the places I have interviewed with look at the sales numbers from when I was with the bank and tell me that if I put the same time and effort in with them I can easily make $100k plus. Those kind of big promises make me nervous, as I am fairly certain it won't be easy (even though I am a good salesperson and extremely self-motivated person) for me to hit that number in a tough industry. Any thoughts? |
| Message: |
You are paid fairly for what you put out that is the great thing about variable comp. I earned $100k in 3rd year and was ahead of schedule. My grandfather always told me when playing golf don't hit out of another man's bag. Meaning the results will vary differently for each person, my 8 iron may be your 6. Research a couple firms if very serious, ask specific questions if you have any and you should..
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