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We call this the 'get rich quick' or 'get rich overnight' ethic or mentality. That is, the notion and thinking that just the mere involvement of one in the petroleum trading business, whether as a dealer or a broker, agent or other intermediary role, will almost automatically guarantee one a millionaire, in deed, a multimillionaire, station in life, and almost in no time at all!
That is an ethic and mentality that has pervaded the common mindset and psychic of the average intermediary involved, or contemplating involvement, in the business today, and has been even particularly more heightened since the modern era of the Internet trading.
In a word, it is a mentality that says that world oil deals and the petroleum trading are a business that is awash in wealth and fortunes and easily guarantees the intermediary who gets involved in it in any capacity at all, but in particular as an agent or intermediary of some sort, that, as one analyst put it, "you are going to be super rich next week or next month" by doing so.
Historically, in the past, over a period of several decades and beyond , there has almost always been a sizable number of what could be called "professional middlemen" who operated in the oil and other commodity "secondary market" trading industries who are primarily but genuinely driven by the belief or inner conviction that working as an intermediary in the industry is a reasonable path to honest living which, if not leading one to an instant wealth, then at least to a reasonable means of livelihood and steady economic progress and well-being.
In more recent times, however, since the advent of the Internet and its increasing role as the dominant and preferred tool for conducting business among intermediaries, there has gradually shifted and developed, in stead, over the years, a "new breed" of intermediaries and middlemen brokers, agents, etc in the trade. Often given to far less education, training or apprenticeship in the trade than the previous pre-Internet generation of intermediaries, and usually having vastly less knowledge and experience in the art of international trading because of the greater ease of entry into the business afforded them by the Internet, as a group this "new breed" of post-Internet intermediaries and middlemen are generally less shackled by the normal moral code or ethics and decorum, and are more greedy and in a greater hurry to "strike it big and fast" by merely working as an intermediary.
And, just as importantly, they're in a greater hurry to clinch that elusive, dubious get-rich-quick ambition by any means whatsoever, including the scamming of unsuspecting or gullible international crude buyers, as such scheme is aided and made easier for them by the Internet and the easier cover of anonymity that it provides them.
In deed, as many knowledgeable observers and respected analysts of the industry have noted, the get-rich-quick greed and mentality have, in these hard global economic times of today mid , reached an even new, particularly frenzied high, as many crooks, scammers and fraudsters with actually no real crude oil to sell, have now trooped into the international crude oil selling business in unprecedented numbers, seeing that arena as a fertile ground for them in attaining their dubious ambition of "striking it big and fast.
In a article, McAngus voiced a rather ringing alarm at the escalated, often grossly unrealistic, divorced-from-reality kind of the commission fees being demanded, or expected, in recent times by brokers and intermediaries in the petroleum trading. A salient aspect of this common notion and thinking is that to attain this high financial status of instant wealth in the business, you need not necessarily have to work hard or to be trained or particularly experienced in and knowledgeable about, it, but can attain it by this doing basically nothing — other than, perhaps, just shoving around a few copied or bogus false oil trade deals documents on the Internet usually passed down to the particular intermediary from other fellow equally uninformed brokers and intermediaries.
The principal question, of course, is: How true or real or not is this general thinking, if any? Are fortunes made as intermediary in petroleum and oil trade deals? We shall address this issue pretty soon. But, first of all, let us address the general nature of this thinking, and its general genesis or origins. There might, of course, have been some other significant relevant factors and influences to which the origins and genesis of this present-day phenomenon of get-rich-quick mentality in oil deals could be attributable.
But, for our purposes here, suffice it simply to say that, based upon this writer's own extensive research on the subject, there seems to be one dominant intellectual factor, above all, which has significantly influenced and aided a great many among the current breed of Internet brokers and intermediaries in formulating this conception of the nature of the oil trading business, and of the above-described current mentality of greed and get-rich-quick mythology that is widely prevalent among these players about the oil business.
Sam Igwe, who goes by the alias Sam Nelson, said to be an operator of an oil consulting service since Credible research shows that an early, cheap, but powerful and influential Internet promoter and preacher of the gospel of the quickie-and- easy-wealth-from-service-as-a-petroleum-deal-agent, is this simple publication by Mr.
The Basic Doctrine of "get rich -quick-with-no-work-or-effort" of the Nelson Publication. Though nominally stating at the outset that the book is "not a 'Get Rich Quick' book," the book promptly asserts that "If you are searching for a sure, fast and genuine way to earn fast, steady, honest living and how to become a millionaire, I bet, this is the right book [for you].
Regarding the amount of money the average intermediary agent or "facilitator" is to expect, Nelson asserts,. You can close a deal in any part of the world. Just a click of your mouse and few phone calls plus extra smart work … you can earn Millions of dollars in just few months by successfully closing one Oil Deal working in the comfort of your home as a facilitator.
These secrets have not been made public because the participants do not want the public to learn their game. This is not true. And is there any amount of work or efforts that it will take for the agent to master this business and make a success of it, or to earn all that money? Is there any education, skills, knowledge, investment and experience that this will take or require?
Nelson's answer to these questions is, basically, practically little to none of that. According to Nelson, "This is Easy and Simple! Just from your dinning table you will work at your own pace and make millions of dollar within few months. There is no hidden cost.
And now we get back to this central but critical question: How true or real is this general thinking, if any at all? Basically, the question is, are fortunes made as intermediary in petroleum trade deals, in fact? In point of fact, if we were to put it simply in a word, probably the most fundamental and truest thing that could be said about the above-sketched doctrine of "get rich quick with no work or efforts" for the oil trader or intermediary , is simply that that doctrine is completely and patently false and misleading, and is at variance with, and directly contradictory to, the whole TRUTH and actual REALITY about the business!
It is that the above-prescribed thinking is patently contradicted by the well-established, tried-and-proven trading doctrine and thinking that has long been preached, practiced and successfully used by mainstream traders and the most respected and most successful experts and practitioners of trading for generations in the industry! Sure, decent money, or, in deed, even high incomes could still be made, and continue to be made, by many persons working as an intermediary in the business today, and a good number of intermediaries still close oil trade deals that are lucrative.
But that's ONLY by someone, however, who shall have already "paid his dues" in the industry before hand, before he she can possibly attain such success and such income working in the business — in terms of having acquired the requisite education and training, of being skilled and knowledgeable in the fundamentals of the trade and the appropriate rules and procedures of the trade, and, above all, of having acquired the hands-on practical experience and apprenticeship and long years some years or more of painstaking, patient, diligent hard work in the business.
Clearly, that is a far, far, cry from the Nelson doctrine outlined above which essentially says and spreads the thinking that, as a broker or agent working in world oil deals and trading, you're almost automatically "guaranteed" to close oil trade deals and to attain incredibly humongous and high "millionaire" financial status of instant wealth within months in the business just by the mere trying of your hands at it; and that you need not necessarily have to work hard at it or to be trained or particularly experienced in and knowledgeable about it, but can attain such great wealth overnight, any way, by doing basically nothing — other than, perhaps, just shoving around a few copied or false oil deal documents on the Internet usually passed down to the particular intermediary from other fellow brokers and intermediaries.
Clearly, anyone who really knows anything about the true realities of the business, would immediately tell you that nothing could be more 'Joker Broker' like type of philosophy than the above-described Nelson doctrine. An attitude and mindset that immediately reminds one of this characterization made by one analyst about the core nature of the joker broker, "Some of them [the" Internet "brokers or joker brokers] are quite entertaining [in the notions about the workings of business they typically exhibit], and remind us of the Nigerian scam artists.
The world simply [just] does not work like that. Yet, such attitude and thinking fundamentally represents the kind of underlying mindset and mentality which typically pervades and controls the thinking of most persons who are attracted by and enticed into dabbling into the role of an agent or intermediary in petroleum dealings today — a mindset and mentality which essentially views the petroleum trading business as the 'cash cow' path to instant financial riches, and one which requires no deep learning or knowledge set to attain it, no long experience, and no hard work, but could simply be accomplished merely by passing around a few copied or even forged but never verified "documents" on the Internet!
An underlying mindset and mentality of get-rich-quick-through-the-intermediary-work-without-work-or-study, which, though grossly misguided and totally erroneous and misinformed, pervades the broker network on the Internet — and bespeaks of the kind of unbelievable unrealism, unreal mentality and difficult-to-comprehend attitude often witnessed among a good many Internet brokers and agents operating in the international petroleum trading market today in terms of the frequent presentation one sees on their part of offers of business propositions or demands that are often impracticable, totally unreal and unrealistic, seemingly mere day-dreaming than serious, clearly divorced from simple reality, and completely contrary to all time-honored, well-established norms of the trade and the normal ways of doing business!
Many times, mainly consumed by the false thought of becoming "super rich" overnight out of the blues from an oil deal, many of such brokers are found to be innocently and naively trying to close a deal for someone who they believe, or merely hope , to be real, but who is, in fact really not. But oftentimes, they are too blinded and overcome by the false belief in their pipe dream of becoming "super rich next week or next month" overnight by virtually doing nothing, or too proud or conceited, to simply accept or concede that such beliefs and procedures that they present are simply incorrect or impracticable, and so they refuse to change their ways and continue along the same futile path of wasting their time and the precious time of others, for months and years still trying to push plainly unworkable deals — until, perhaps , it finally begins to dawn on them that for so long no deals have been closed, or are likely to be closed, and not a dime of income has been, or is likely to be, earned!
If you as a fresh-faced young broker or a grizzled seasoned veteran, take the time to think about the process, I am sure that you will realize that this industry requires a lot of hard work and effort, so rather than just pass the deal from your friend Joe, along to the next broker friend, do some dam work and find out if the deals [are] real or not, and try to earn your commissions. Divide Papa, the noted expert in modern international trading procedures, somewhat debunking the Nelson doctrine of get-rich-quick-without work-or-study, elaborates:.
That's how difficult this business is. But in return — if you close even just ONE single large deal — you will make a small fortune. The net is full of silly ill-informed intermediaries who think they are trading when, in fact, all they're doing is trading in nothing — just wasting time. To summarize, the central point of this essay is that — whatever may have actually been, or is, the causal source for or genesis of it, whether it is traceable to Mr. Nelson's book, or to the new ethic of the Internet and the Internet generation, or some other unidentifiable corrupting or misguiding influence, or whatever else — literally nothing could be more wrong-headed, more misleading, misguided or unfortunate for the international petroleum marketing business today, or any Internet broker and agent who operates or want to operate in it, than adopting or buying into the above-described doctrine of fortune being made as intermediary in petroleum trade deals overnight, without work or efforts or education, which is widely admitted to be the underlying prevailing mindset operating among many of today's Internet brokers and agents.
In fact, to put it even more starkly, the central point that is made here is that nothing could be more cruelly 'Joker Broker' like — ie, more negative or despicable, more unreal and unrealistic, more damaging or destructive, and counterproductive — to the average broker's very own best interests and to his best chances of ever finding success in the business or ever landing any sales, closing any deals or making any income — than for a broker to operate under this kind of thinking and mindset — a mindset that is completely false and wrong, totally mistaken and misleading, unrealistic, unattainable, and absolutely contrary to and devoid of any realities and all norms of doing business..
Put simply, in terms of world oil deals, it is this innate belief in the above-described doctrine and mistaken thinking concerning the actual nature and realities of international trading and what ought to be the proper role of the commission intermediary in it that is generally held by the modern Internet intermediary, consciously or unconsciously, deliberately or otherwise, that is fundamentally the single most critical element which account for why most commission intermediaries fail as agents and generally do not close any deals or earn much income, for months, even for years of involvement in the business.
And, what is more, it is this unfortunate innate erroneous belief that is held by them, that has been the most fundamental critical element which account for the terrible image of the modern Internet commission intermediary in today's petroleum marketing business, and the horrible image and notoriety with which they are generally viewed.
And this is so for very good and readily understandable, and, in large part, justifiable reason! Simply, because to operate in the business based on such a wrong-headed doctrine or mindset, or such misguided thinking, by any one at all, directly leads one, as it has with the intermediaries involved in the oil business, astray, leading them to the wrong approach and wrong mindset and procedures for the business, and therefore to undesired results and to failure and not being able to close oil trade deals, or to earn commission income from their involvement in the business.
An apt and excellent word of knowledge by which to conclude this essay is perhaps this one offered by one noted expert and author on the international trade intermediary, "There are no short cuts in this business [of trying to work as a trader or an intermediary ]. Or, to put it perhaps even more lucidly still, I might myself add this: Please see the instructional information in the author's resource box below.
Source by Benjamin Anosike, PhD. Recent Posts Global oil demand in grew fastest in a decade: