Pyramid Schemes

[Rain Man]

Does anyone else get cold calls for stocks? I occasionally get those at work, and I figure it's because I'm listed as the company owner.

Who on earth is going to buy stocks over the phone? I don't get it. I guess they're trying to get you to open an account with whoever they are, and it's always someone I've never heard of. So I'm going to send you $10,000 just because you found my phone number? Really?

It seems to me like anyone who buys stock is already going to have a brokerage account, and getting a call is just weird.

The last call I got, the guy tells me he's got a hot stock, and says, "What kind of business are you in?" I said, "Market research. Have you ever done any research on why cold calls aren't a good business development tool?" He said they were great and he gets all sorts of business from them, so I told him I'd let him get back to work.

Now, I was kind of shooting from the hip, and I really don't know. Does anyone here do cold call sales, and does it actually work?

[HemiEd]

Originally Posted by Rain Man

Does anyone else get cold calls for stocks? I occasionally get those at work, and I figure it's because I'm listed as the company owner.

Who on earth is going to buy stocks over the phone? I don't get it. I guess they're trying to get you to open an account with whoever they are, and it's always someone I've never heard of. So I'm going to send you $10,000 just because you found my phone number? Really?

It seems to me like anyone who buys stock is already going to have a brokerage account, and getting a call is just weird.

The last call I got, the guy tells me he's got a hot stock, and says, "What kind of business are you in?" I said, "Market research. Have you ever done any research on why cold calls aren't a good business development tool?" He said they were great and he gets all sorts of business from them, so I told him I'd let him get back to work.

Now, I was kind of shooting from the hip, and I really don't know. Does anyone here do cold call sales, and does it actually work?

I have mentioned this very thing on here before Kevin. Their favorite line, "remember me, we talked a couple months ago and you told me to call you back, and I told you about ****. Have you been following it? I have a better opportunity right now!"

I haven't let them past the first 4 words in years. ***click***

[CrazyPhuD]

Originally Posted by Rain Man

Now, I was kind of shooting from the hip, and I really don't know. Does anyone here do cold call sales, and does it actually work?

It works at the bar.