We have written about several traps, frauds and malpractices happening with investors and traders who seek advise on the internet. Please find all those ‘INVESTOR AWARENESS’ articles here. But the one malpractice happen to them that we are talking about today is indeed the ‘mother of all malpractices’. And that is ‘The Trap of Free Trials’. Yes, ‘Trials’ or ‘Sample Calls’.
Most of the (in fact all of them as we have not found any advisory company giving no trial service, however some individual analysts do-not give any free trial for promotion of their service) give trial or sample calls. they in fact put on their website prominently (to get your data) or their telecallers cold-call you and provide free trial. so, thus most stock advisory companies are providing/offers ‘trials’ or in other words entice the people to take free trial.
Now, most of you would say that what’s wrong with it? In fact, it is good for them they get to get a ‘sample’ trading advice about the research/trading calls/tips of the company and thus check them for accuracy, weather they are good or not. And you would also tell that we (MEGHA INVESTMENTS AND RESEARCH) should change policies of ‘No-Free-Trial’ advisory and start providing Trials like other advisory websites/companies.
But in next paragraphs, you will understand why we do not provide trials, and why ‘Trail is a Trap’ for any investor/trader searching for tips online/offline and why you should keep away/beware of it.
POINT 1: GENERATING MAXIMUM LEADS, MEANS MAIN OBJECTIVE IS MAXIMIZATION OF INCOME & IGNORING CUSTOMER SERVICE QUALITY & CUSTOMER RETENTION/RENEWAL RATIO.