So I’ve made it through my first week or so of becoming a Stock Broker!
Basically so far this is whats gone on:
- learning a 5 part script
- learning how to cold call about 500 people a day
- learning rebuttals and overcoming obstacles/rejections
- learning to control your voice dynamics/inflection
Pick up the phone, call someone random and try to sell them on anything and you will see how difficult this can be. Now pick up the phone and try to do this again with only millionaires. :-p
I think its fun because it shows you what you are made of and it challenges you to rise to the occasion.
So the next step is becoming an actual broker instead of a cold-caller. Brokers are the ones who can offer stock recommendations, talk about percentage gains, and actually manage accounts.
In order to be a broker you need your series 7 license which allows you to trade common securities/stocks.
The series 7 books cost 170 and the class another couple hundred. I got my books now so I can start studying.
Next I take an in house green light test that proves to the brokerage I’m are ready to sit the series 7 test.
If I pass the green light then I’m allowed to go on and take the series 7 test.
The time frame is 2-3 months.
Stay tuned for more updates on my progress.
War stories coming soon…
Series 7 Exam - Emphasis on Critical Functions
Robert Walker. First Books 2007, Paperback, 528 pages, $89.95
Steven M. Rice. For Dummies 2007, Paperback, 384 pages, $24.99