[Daren Morrish]

Here's a little 'dit' my missus wrote to cheer me up!!

He walks through the door looking grand
With his pipes and his wand in his hand.
How the hell was he supposed to know,
that business would be oh so slow.

But every day, this poor spotty man,
gathers up his crap and climbs into his van.
And one more time he drives away,
to scrub carpets again all day.

So theres only one hope left for old spotty,
and that is, lets hope he wins the lottery!
Cos he will never get it through his big head,
that he should have been a plumber instead!!

Daren

[AshWhite]

She wrote that to cheer you up?? I dread ot think what she writes when you've p*ssed her off!

[david@zap-clean]

My plumbing mate (who's based in Bristol) turned over £28,000 in December!

[Doctor Carpet (Ret'd)]

Plumbers! They drive you round the bend!!

Rog

(I'll get my coat.)

[William Sharpe]

My son's mate only does kitchen/bathroom prep prior to a plumbers refit. this means he is contracted to go in the day befor a refit and strip out the old kitchen/bathroom of fittings, tiles, cabinets ect (not gas) he also does all the chasing in the walls in readiness for the electricians re-wiring-all the rubbish is then placed into a skip for collection and the place fully cleaned ready for the refit by the qualified tradesmen- on average he earns £400-£700 per clear out- 2012 he earned £94,000.00 not bad for a 23 year old and in his second year of business- makes you think doesn't it

[jasonl]

I have just booked and paid for the training courses necessary for a new career, having spent christmas /new year with 3 very high earners in a regulated ,changing business, with lots of scope to fill the vacuum left by people in their fifties leaving the industry due to not wanting to spend a year studying 400 hours for updated qualifications.

By November , I hope to have sold my databases and kit and be a qualified accredited Financial adviser and mortgage broker.

[Ian Gourlay]

Been there done that bought the tea shirt etc.

As you are a new boy o the Industry why on earth would I want to pay you a fee  ?

[jasonl]

Why do people pay new carpet cleaners?

Commissions are still available , they have to be even more transparent now .

If I arranged a good mortgage deal , a way of putting in trust assets to mitigate inheritance tax , found a good place to invest funds , all of these services are paid out at 1 to 2 % daily by customers. the work is in explaining and complying with regulations .

Everyone is a new boyo now as the FSA is being disbanded and new compliance rules have to be learned.

[TomCrowther]

I did it for three years Jason. I found it soul destroying because of all the claw backs. You do a lump of business in January, get the commission in Feb and then get half of it clawed back in November when the client has got divorced/changed the plan/stopped paying etc. Drove me round the bend. You can earn a lot but it's a bumpy road.

[jasonl]

Yes , I think the key is to write a variety of business , so claw backs are not such an issue .
The pent up demand for mortgages is huge right now , plus revenues from my current business are steadily declining , while I still make a good living , I aim for 50-80k net and thats not happening any more.

[TomCrowther]

When I was doing it in the early 90's, I did a lot of mortgages and either sold an endownment policy which gave a lot of commission or charged a fee of around £500. Better off with the fee 

[AshWhite]

Jason, you will need to be certified capable after completing the training (I've completed 2 out of 3 CeMap exams), which means spending up to 2 years with an FSA regulated firm.

Try and find someone who will take you on before you put yourself through it!

[jasonl]

Yes got a job offer , he offered 40k  as a trainee,without blinking, plus commission.

[Ian Gourlay]

I think the fee stucture is a good idea as there was preasure to sell , where often people just want options explained and perhaps there will be competion in fee structures.

I think the Industry did waste a lot of talent as to be able to practice you id have to put in many hours of study , and then tey kept changing regulations on what qualification you needed.

We did have a regieme on what products you were meant to sell , but it did not stop the sale of dodgy investment bonds to 80 year olds who wold probably be dead before the commision costs were recovered

Anyway Jason I found it very interesting so if you can make a go of it good luck, but really the time was when dodgy Mortgage deals from Irish Banks were around you would have done well with property speculators

[Shaun_Ashmore]

I have a friend who is a FA and he deals with commercial business mortgages the amount of work he gets from other church goers is unbelievable they trust him because he has known the large congregation for a long time, a FA can be like a carpet cleaner when you get to know and trust them the work comes in regularly.

Shaun

[Kinver_Clean]

And they still rip you off---

I clean for one who works 8 months a year and spends the other 4 months on his 60 ft yacht in the carribean with 2 fulltime crew. He drives a Ferrari.

Where doeas this money come from???


Out of his clients pockets.

Sorry but they are up alongside lawyers bank mangers and estate agents .

[darrenlee]

hi ,thought as from this year you had to offer fixed fee, there was no longer commision of products and kick backs

[Mike Halliday]

And they still rip you off---

I clean for one who works 8 months a year and spends the other 4 months on his 60 ft yacht in the carribean with 2 fulltime crew. He drives a Ferrari.

Where doeas this money come from???


Out of his clients pockets.
Sorry but they are up alongside lawyers bank mangers and estate agents .

but isn't that the same place you get your money from ? he's just a bit better at it than you

[Shaun_Ashmore]

Where does the man who owns the newsagents get his money from? yes your kids spending on sweets, they asked for the sweets and therefore they had to pay for them before enjoying them with the newsgent making approx 5 times the profit then a few months down the line the dentist makes money from filling the cavity with a bit of alloy making a whole lot more (pun not intended) it's how thw world revolves.

If you don't like the copious amount of money the FA makes obviously some will be better at their jobs than others then change career or charge more or do more business as this is capitalism at its best (or worst which ever way you look at it)

Don't forget though the FA only shows you the figures based on growth, past growth and potential growth the real movers and shakers are the people that invest/gamble your monies 'the bankers' now that's a different breed 

Shaun