Good Financial Products to Sell

Try Tradedoubler.com or cj.com You can be an affiliate (reseller) for a host of financial and other products. Good luck, Steve.

(Re-)Mortgages. You can't sell them yourself, of course, but as evidently the technical stuff holds no interest for you, and is way above your head, then if your marketing knack is as good as you claim it is, there's no reason why you could not team up with a suitably licenced mortgage broker and go "prospecting" for clients on his behalf. You would get a cut of the broker's meagre commission.

Yah, I would like to sell really good products, with a really good brand, and well respected.

I'm not experienced nor licensed to give financial advice though..but I am able to sell a product if I believe it is a good one and can be trusted.

If I would use it then I can sell it...but if I would'nt use it or buy it myself, then I would be no good at selling it...

Now just hold on a minute old chap! Let me just say that I have the ability to understand any kind of financial product..I just meant I am not experienced at selling some financial products.....I am quite able to deal with any financial product and understanding it intricately.

and is

Interesting point! I've never sold any financial products before, but allways I am willing to learn...from those who are more experienced than me.

Does your Boss sell alot of financial products Ronald? Has he got you selling much or are you mainly on the advice side?

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Well, you're going to need to be authorised by the Financial Services Authority for a start, if you're going to sell investment-type products. And you'd need PI cover in case you were sued by one of these poor people who bought a product without knowing whether it was suitable for them.

Rob Graham

Thanks Rob,

I was wondering if there where any products which did'nt need the seller to be having licenses etc.... I was thinking about things like insurance...and such things.

Well, I suppose you could sell some of the unregulated term assurances, but they'll be regulated before long and I personally don't think anyone who has not got the proper qualifications should sell this stuff at all. Should a client have a term policy if a whole-of-life one (mostly regulated products) might be a better bet - but won't get one because the seller is not allowed to offer it? What about putting the policy in trust? Is that a good idea, and if so, what sort of trust? I think the area's a minefield for the uninitiated.

What about term critical illness cover? Are you prepared to take the flack from a client who discovers that critical illness definitions have changed and he could have had something else?

Buildings and contents insurance might be something you could do. That's called general insurance (along with motor insurance and the like), but do you know anything about it? What happens if someone's house burns down? Anyway, this is likely to be regulated one day. They've already had a half-c*ck go at it with GISC, which seems to have petered out for the moment.

Sorry to be so negative, but I'm very anti people selling things they don't know anything about, particularly if it could affect people's lives in a major way.

Plenty of people buy insurance without advice and then there's no comeback on anyone. The buyer may or may not know what they're doing, but from what I've seen the ironic thing is that they'd get a better deal, and with advice, via an IFA. There's a misconception that this is necessarily the expensive way of doing it.

Rob

Another trip to the dictionary called for here I think.

I've got no problem with the selling of a good brand name, etc., etc. The point I'm making is, is the product suitable for the customer? If you were a car parts salesman you could sell someone a fantastically reliable and cheap starter motor made by a very reputable company with an excellent brand name, but if the problem is that his lights don't work it's not a lot of good for him. I know I'm stretching a point here, but you see what I mean perhaps. The customer may not realise he's got the wrong product (although in my example he probably would).

Rob

Point taken, I know what your saying Rob, thanks for elaborating on that.

This brings about a deeper and wider issue about "misselling products".

I am talking about the more simple range of products.

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Come on Tiddy Ogg, the voice of intelligence I challenge you to demonstrate in my previous postings where I show that I am seeking to not care what I say?

I have noticed that unlike the majority of posters who exhibit intelligence, wit and have something allways constructive to say.

You have nothing intelligent to say about anything except if you can try to hurl an insult..without reason.

So come on Tiddy, why don't you explain yourself.

Where are all your postings regarding finance? Regarding putting across points, everybody else who is a regular contributor is demonstrating

1/ Intelligence 2/ Making a point. 3/ Can tell the difference between humour and serious discussion.

You are the only person who makes malevolent and personal remarks on this forum.....

Surely you don't believe in PVC double glazing...

False. Gambling may be a mugs' game, encouraging them to gamble is a whole nother kettle of fish.

Not much different from PVC glazing then.

Exactly. The idea is to make them lose less, make the bookies win less. Might even be used to wean them off it. Perhaps a wholesale deal could be arranged through Gamblers Anonymous.

You have a brain the size of a planet, or so you would have us believe, so let me assure you I could explain to all you need to know.

They are recycled chefs. They now cook books.

PVC Double Glazing! I have never sold it, but if I was to sell it, then I would make sure I researched and found the best product at the best price, then I would see the benefits gained by the client and then would have no problem with selling double glazing at all. If there was a decent profit margin that would be good.

I prefer to sell that which is giving the highest return and best value for money for the client..also.

Ohhh Ronald Raygun......I dont know about double glazing, but it is popular...for what reasons? It is low maintenance, it lowers peoples fuel bills, and when people are old and sick it can save lives, due to keeping the warmth in the house, where older people might get sick due to drafts and cold weather..

I bet that all old folks houses have got double glazing in them..

I know you Ronald, you may be just taking the micky.....!!

There are certain industries I would advise anybody to stay away from...

!/ Gambling Dens.

2/ Houses of Ill Repute. 3/ Nightclubs.

One final thought...

On many many postings I have stated, that my idea of business is to sell a QUALITY PRODUCT at a LOW PRICE and in HIGH VOLUME!

I have demonstrated this fundamental business princple many times...in my thinking...

So that again is proof, of your ignorance in making provocative TROLL like statements, that try to say I am out to "fleece customers"...

Or sell products I'm not knowing anythign about.

Any intelligent person could see from my many many examples of what I've written that this is nothing further from the TRUTH.

You appear to be a TROLL, and to say inflamatory remarks to do nothing but stir up someone.....

Please don't waste your time tiggy with me because I prefer to reply to the intelligent posters who are having something genuine to debate, or have something to contribute..

Small little nobodies with nothing but spite or unpleasant motivations are of no interest to me... I therefore am not going to reply to you unless you can say something backed up, even if you disagree, it is fine, but if you have the intelligence to do it politely and in a civilised way, then I will respond. only...

Otherwise I have no interest to reply to someone of your caliber.

Good for the manufacturer. As a salesman you only get commission so you don't care what the profit margin is. The profit margin on PVC DG is enormous, by the way. It costs peanuts to make.

Those two objectives, I fear, are mutually exclusive.

Utterly wrong. You as a marketeer should know. The reason there's a lot of DG out there is becuase it has been high-pressure sold. It is a monument to the power of marketing. You see? Just what you've been saying all along. Marketing has created the DG industry.

So now instead they get sick due to absence of drafts, i.e. poor ventilation, excess damp, mould everywhere.

PVCDG is low-maintenance while it lasts, but it has a short life.

As if. Here I am with a great idea which will save the world and make a little pocket money for me, and all you can do is scoff. Not a very good salesman, are you, GoldenBoy?

You have high morals I see, perhaps those activities are against your religion. All the more amazing that you choose to defend the second-oldest profession, i.e. selling, which is inherently dishonest. You see, the trouble is that it starts out innocently, but of course the aim of the game is to show your wares in the best possible light, so a little exaggeration is only natural, and one things leads to another and before you know it your product bears no resemblance to your description of it.

He didn't, he told you highest return for the seller and best value for money for the client were mutually exlusive. Can you comprehend?

Just one question: are you a 50 year old woman? :)

I comprehend perfectly.

Take this general business model for example:

1/ Product A, which is sold at below market value due to low cost of production or some other reason that is down to the skill of the entrepreneur......So this is giving teh client better value than other competitors. 2/ The high return on the business is because there is a large volume of people who are purchasing this product due to the "high value for money" factor.

This is a win win situation....it is a feature of many companies that undercut the competitors..and give better value for money...

They usually expand quickly....an example would be amazon books for example...they have a business model which offers the customers huge value for money and huge savings..and high service also..but they also are doing well due to the huge demand of their product.

Although I'm not sure if they've made a profit yet, they are worth billions of dollars.

So I think they are not mutually exclusive from the business point of view.

Should I rephrase it then:

Business making high returns on its investment......and the customer having high value for money.

Those are two solid business principles and are not mutually exclusive.

I hope that clears my point up now.

Stephen GoldenGun Roars with laughter!!!