Sunday, December 28, 2008

The Honest Broker

The Honest Broker
By Muhammad Bey

Weather you deal in Import Export or sell Water purifiers or products as an affiliate, it is vital that you be an honest Stewart of your own credibility.

In my work as a trade broker I am often confronted with would-be brokers, some call them Joker Brokers who want to deal with out knowing what they speak of, they request procedures that are out of date or not acceptable to would be clients.

Some refuse to consider the procedures of the would be client and thus never do a deal. You must keep your head when others are loosing theirs and making claims and demands that do not make sense. If you client has procedures that make sense, stand by those procedures. You may want to check with other institutions to make sure the procedures ( if they involve banking and money transfers) include steps that are part of current banking and financial dealings regarding BG's-( bank guarantee), MTN's , USD to EURO transfers or the use of such things as stand by letters of credit -SLC. Do this to ensure you are current on the procedures that banks and other institutions are using.

One good reason to do so is simple; you will have more credibility with people who know what they are talking about. There is much talk on the Internet today about scammer's and frauds; we have all heard about the notorious 419 scammer's and other financial scammer's. Many sound all too reasonable when dealing with you initially, it is only when you have committed substantial time and emotional energy that they have you, you will give anything to close that deal.

It is at this moment that you become vulnerable to attack, you go to your client with a bad deal, you will let red flag issues pass because all you can see is that big pay day. Your clients find you out and your loose credibility. One minute you have a sound client and the next you are out in the street with nothing! Your name may even wine up on list of scammer's or just be associated with incompetence, one is as bad as the other.

In truth being an Honest broker first means being honest with your self and then with your client.

1. Do you really know what you are doing?

2. Are you willing to do the homework to find out what you need to know?

If you are offering affiliate programs:

1. Have your reviewed them, is the product one your niche involves?
2. Did you check out the company's history?
3. Were there any complaints against them?
4. Did you just put it on your web site because of the income per click?

In our instant, push button world it is easy to get caught up in the notion that we can have everything now. Resist this impulse and you will have more success as you do your home work to find other Honest Brokers like your self who have the courage to think out of their own minds and not be led astray by emotionality, fear or greed.

The thing you resists persist, if you seek to make plenty of money, you need a plan and the Patience to see it through. No one becomes a millionaire on the Internet or anywhere else over night. Do not be misled by "claims " of big money and charts showing fantastic number, such numbers are usually the results of tampering with a graphic in Photoshop!

Beware of people who:

1. Demand you follow their procedures even when you know there may be something wrong

2. So called mandate that request signed contracts from your side first when the procedures require the exactly the opposite.

3. Sellers who claim that "fees" must be paid before a product can be shipped; in most case such fees are the creation of the joker broker and his henchmen.

4. Clients or buyers who provide P.O. boxes and do not provide an address on their contracts.

Your reputation is the only credit you have, the only credit ANYONE has, protect it

See Ya in the Winner Circle.

Muhammad Bey


Muhammad Nasser Bey is CEO
Of Capitalist International Media
And a trade broker for scrap metal
and water purifiers and can be reached for comment at
215-983-3532