#5 NuSKINNERS
As a general rule, multi-level marketers allocate more time to recruiting other salespeople than to mastering their products. The choice makes sense, because they get a scrape of everything their “down-line” recruits sell.
NuSKINNERS are stockbrokers who resemble multi-level marketers. They work at “wire houses,” the big firms with thousands of investment reps. Their advice—how much to allocate to stocks, bonds, and other investments—is cookie-cutter clear. They are great closers, so they build their businesses by teaming with junior stockbrokers in vast revenue-sharing networks.
You’ll never see a brawl among NuSKINNERS like the one in the video. They’re lovers, not fighters. The problem is they don’t study the capital markets. And you won’t receive much attention once they reel you in. There are too many down-line demands on their time.
Recognize anyone you know?
Check back as we continue our presentation. Once the series is complete, we will post our complete white paper on the Top 10 Species of Stockbrokers.
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.