Good Financial Products to Sell

Brain Surgery requires years and years of careful studentship, plus you have to have passed exams which are beyond the potential of people to learn.

However, financial products are easy to understand, and easy to sell...many people who are selling financial products barely know what they are talking about in any case.

For evidence of this look at all the misselling that has taken place.

The exams or training needed to sell those products is nothing in comparison to general business qualifications or general accounting qualifications.

I myself have met financial sales people who can't even work out basic maths!

So, personally speaking, I have a good grasp of business and would have no problems selling any financial product.

I am not saying all financial salespeople are not very knowledgable, I am just illustrating the point that there are those who are NOT>

Yah, I know many cases where what the financial sales person thinks is best for client is really best for his own commission..I have read all about this.

In the case of amazon dot com, these values are placed on them, by the market on their future profitability and future earnings.

Ahhh I did'nt know that Gareth, but I do know.

I don't know much about double glazing, but I know that if it was a good company and I wanted it, I would most probably have it installed in my own house.

And I am sure there are cowboys just as there are cowboy builders.

Because Norwich Union are part of Aviva, who do have shareholders.

Tut, tut, tut, pedance in the newsgroups.

Not on the future sale price of the shares before the bubble bursts?

Peter Saxton from London snipped-for-privacy@petersaxton.co.uk

Has I have explained elsewhere I feel the lack of knowledge is that of the broad financial spectrum needed to make a useful decision not of a specific product or range of products. You have said that some products can be looked at in isolation and in some cases I would agree with you but dont you think a financial adviser should be aware of problems that a prospect doesnt know about?

Just because you have come across a lot of incompetent people doesnt mean that simply being less incompetent is acceptable.

Peter Saxton from London snipped-for-privacy@petersaxton.co.uk

That may well be, but your generalising and you have'nt mentioned any specific product. It would help if you named a product your talking about, otherwise I have no idea what your talking about...are you talking about pensions, buying guilts, investing, buying a mortgage, pet insurance, car insurance, savings plan..peps, isa etc.etc.

You have said that some products can be looked at in isolation and in some cases I would agree

Yes, a good one should be, but the problem is that many are only going to advise to choose the one that makes them the most money. There is total agreement on this amongst watchdogs and people who are posting on this forum as well.

Do we need to ask anybody what mortgage a financial advisor is going to recommend if he is able to sell the one he gains most from? I say that maybe some will not, but the vast majority probably will.

I am in total agreement with that, I was just saying that, it does'nt take much to be competent! Just make sure you are not selling that which you know nothing about.

It is purely market led! You can say that about any share or stock you buy, it is all about risk, and calculated risk, if you knew when exactly there is a buble and when their is not, you would be a millionaire by know, nobody knows this..

Poland along with all the other countries has high unemployment.

ON the first of may, it won't make much difference...as it did not when greece and portugal joined.

Poland has a lot going for it, but so does the czech republic.

Lithuania, Modova, the former USSR countries are also there...the entire region is of economic interest to me.

I have spent much time and energy and money, gathering useful resources in that region.

The point is not to concentrate on just one country, for example..if a client wants an engineering product I can tell him where to go, and it is not poland for this.

If a client wants cheap labour, I can advise which country to go to.

If a client wants to buy cheap cement, I can advise to go to Ukraine.

If a client wants to know how to form a ltd. company in czech republic I can advise.

If a client is worried that a country is too corrupt, or having too much "crime"...I can advise him of the true nature of the situation.....and how to safely do business, or in some cases.....best to avoid that entire country and entire region.........

My main value is knowing sometimes the exact region to find a certain commodity.

Sometimes the best product to manufacture can be engineering products.

Whatever the client in the west requires I can manufacture,,with my own staff and my own outsourcing..whether it be engineering products, or even services in some cases.

Well, thats not much to sell a mortgage, I am interested in saving people money..for example..did you see something spectacular on tonight with trevor macdonald!

A financial advisor saved a client 70K in about thirty minutes..think of that??

Its better to pay a good independant financial advisor than to just go with one hwo is tied to one company...

Yah, then thats what I would do, but the point is, I am only asking in a general kind of way....

I admit I don't have vast knowledge of that market as I have not been in it before. Thats why I'm asking, but I'm not wanting to get into something that I don't have good and sound knowledge about, so I would not be trying to sell something unless I had the appropriate qualifications to do so.

Ahh, excuse me, but the people who where selling them where not cold callers themselves....

Telesales is misunderstood.

First of all, who do you think answers the telephone when you send out mail shots, or when you advertise? It all comes through to call centers....every time you phone up the AA it is telesales, the same thing, then their is business to business..

It is not all about phoning up people cold.

Let me tell you something...Everytime you meet a client, even if you have got the referrel, it is still a "cold call"..if you aint met him before then its cold...thats my point.

So in order to be an effective telesales person, you don't have to just cold call people randomly..there are alos people who have invited phone calls from meeting people at exhibitions, financial meetings etc.etc.

most companies have moved away from this practice already, but

The point is Arfie, is that Telemarketing is not "cold calling" not if someone invites you to call! Sending out information and following it up with a phone call, as well as people calling in, in effect is all part of the telephone industry.

It is not going to be outlawed, at all, it is to be controlled, and that is a good thing.

So my point is that "cold calling" is done by everybody including you, every new lead you get is a cold call for you. Every time someone replies to an advert it is a cold call introduction..it is not cold after the first live communication has taken place.

So Norwich Union is indirectly owned by shareholders.

Yes... I was being pedantic. No, you weren't correct.

Norwich Union is the UK trading name of Aviva PLC.

Ok, so Aviva has shareholders but Norwich Union does not. That really is confusing, how can a company have shareholders, but it trades under a company name which do not?

shareholders.

Thanks for explaining! Cripes! Aviva, must be humongously large, it does seem that the world truly is getting taken over by international conglomorants! Maybe the anti globalisationsists have a point after all.

shareholders.

Thanks for explaining! Cripes! Aviva, must be humongously large, it does seem that the world truly is getting taken over by international conglomorants! Maybe the anti globalisationsists have a point after all.

I didnt think there was a great number of turks wanting to work in the UK and I dont think there's a large portugese community in the UK. Maybe I'm too close to the Polish situation to give a balanced view.

Peter Saxton from London snipped-for-privacy@petersaxton.co.uk