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Go Back   SailNet Community > General Interest > General Discussion (sailing related) > Anyone ever work for World Maritme Exchange?
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Thread: Anyone ever work for World Maritme Exchange? Reply to Thread
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Topic Review (Newest First)
01-09-2013 10:59 AM
Boatman1000
Re: Anyone ever work for World Maritme Exchange?

I have worked with WME Yachts Ltd for over 13 years now, and have never had a complaint. When I was trained I had no idea how to operate as a Yacht Broker, and WME Yachts Ltd training gave me the skill necessary to operate my yacht brokerage, the owner stayed with me and was there for every negotiation I went through, helping me make decisions and with their help I was successful in each of my sales negotiations. Yacht Brokering is a different business than most. I own three other businesses and Yacht Brokering is nothing like them. I have a great deal of experience in sales but without WME Yachts training and guidance I would have spent more time, more money, and most likely lost several sales that I was successful with with the help of WME Yachts.
I have read through all the comments about WME Yachts on this site, and the one thing I seem to notice and it seems to be a common ground among these persons making these comments, they do not know business very well. Some of their comments appear to be emotional.
WME Yachts is not hiring salespeople, like other companies, they are placing people into business. Like me I had a great deal of sales training and experience, however I would never had made it without the training and support. The other thing is this is my business, not WME Yachts, I work with them, they give me an office, an international image, industry data, but I am the one who makes all the decisions for my success. If I wanted to leave them and start my own business I could have. Some have. I have chosen to stay with WME Yachts. It is expensive to operate a yacht brokerage. In addition the services they give you are expensive. So I am happy to let them to all the back office work, and let me work with my people. WME Yachts has given several people and brokers, I know, the opportunity to be very successful. Some tell me they were well into 6 figures in commissions.
Take this for what it is worth to you, getting into business for yourself is a good thing. Being in charge of your schedule, you clients, your income, is a good thing. WME Yachts lets me do all this, all they demand is that you treat your customers with good service, and respect. I work at my own schedule, I work how I want, and WME Yachts has shown me how to create an annual goal and an action plan to accomplish that plan. It works good. I hope some of the people who are taking shots at WME Yachts, have gone into the business of yacht brokering and have been successful. The one thing I can say is that I accepted the system that WME Yachts gave me, followed it and I have been successful. I know others who have decided not to follow WME Yachts system, and they struggled. Some quit. Maybe some of these people on this site are people that decided not to follow the WME yachts system.
I took the time to write this because WME Yachts has given me everything they said they would. They would not have an A+ rating with the BBB, if they did not give their brokers what they have in their contract with the broker. Good Luck.
01-27-2012 04:05 PM
bajach I tried to contact them to purchase a vessel. They were the WORST Broker I have EVER worked with. I needed to reach a broker named Scott Jones. I emailed him several times and he didn't respond. I ended up having to call another broker to get him to return my email. After I gave him my specs he sent me a bunch of ships that didn't fit the specs. According to their site they had some that were perfect, but he sent me a bunch of newer more expensive ships. Then when I requested the info on the other ships he said he'd send it but never did!
12-12-2010 01:16 AM
partgypsy
WME weee!!!!!!

I know this is an old post, but I just came across WME. It's fabulously funny. The company owner claims to train by androgogy (sp). as opposed to pedagogy. ie. teach yourself or be taught by someone with knowledge.
So he promises to let you figure stuff out and pay him money for the privilege.
His listings are a riot!! 400 foot bulk carriers and such.
I'm not sure why Yachtworld allows such nonsense. Maybe they figure no one is stupid enough to actually believe this scoundrel.
07-30-2008 11:32 AM
tunesmith Sailking

Yes there is a contract which I will review carefully.
At this point I am less Iikely to go forward unless I find some good info,
07-30-2008 11:24 AM
tunesmith camaraderie

I think you have discribed the process very well. I informed them I would mainly be interesed in sailboats but have no problem with power boats as well. At this point I'm still very skeptical. I will try and speak to one of thier brokers and see what I can find out.

thanks
07-30-2008 11:04 AM
sailingdog Be aware that working for them as an independent contractor might not be completely legal. There are requirements for someone to be considered an independent contractor that they may or not be meeting. Hiring someone as an independent contractor is a way for less ethical companies to get out of paying many of the taxes and costs that are associated with having employees, like FICA, Social Security, Unemployment, and providing benefits like health insurance. It is good for them, since it pushes many of these on to you, effectively making you pay for things they would normally be responsible for.

If you're curious what the differences are, look at this website and this website.
07-30-2008 11:01 AM
SailKing1 Tunes,

From what I can gather you are paying to be trained and then would be an independent broker working under the WME banner. May not be a bad deal for what your are getting in knowledge. Especially if the cost covers air and hotel stay. I am consultant and trainer in another field and training is expensive.

That being said most of what they teach can be found through research on your own. The question becomes whether you want to pay for having it already compiled in a comprehensive learning package and having someone to answer questions. Whats your time worth to you?

One last concern would be whether or not you had to sign any type of work or broker agreement and the language it contained.
07-30-2008 10:48 AM
tunesmith I have reviewed the docs they sent me. You work for them as an independent contractor. There is too much too list here and so I will try to find more info about them before I make any decesion.
I have to say they have links all over the net about boats for sale under their name. Just plug in World Maritime exchange in your browser and you 'll see what I mean.
I'll post back here if I learn more.
07-30-2008 10:46 AM
camaraderie Did you see this page?
World Maritime Exchange/WME Yachts Ltd. (Fort Lauderdale, FL)

Or this one?
World Maritime Exchange/WME Yachts Ltd. (Fort Lauderdale, FL)

This whole deal smells like an Amway structure with "master brokers" and "brokers" to me. At the very least, if I were you, I would call one of the brokers and ask them what they got for their money that was worth $2500 bucks and which simply going to work in a brokers office would not have gotten them.
The fact that no one here has ever heard of them as brokers or trainers may say something about their success rate but their listings are overwhelmingly power boats so perhaps that is why. Are you looking to become a power boat broker?
My guess is that it works this way. You pay to get trained. Then you become a certified WME broker. Then you find boats to list as an independent contractor. Then you pay a monthly fee to be able to use the WME yachtworld site to list your boats. Then when you sell a boat you send part of your commission to WME and the "master broker" also gets a cut. Let me know if you find out differently but ask all the questions before you put your $$ down!
07-30-2008 10:31 AM
tunesmith Thanks for all the responses. I has I said in my OP I also found it disturbing that I had to pay THEM. However, They do fly you to Florida for training and put you up in a hotel for several days. They do have a website (can't post the link because I do not have enough posts here) with many boats listed. I'm a very skeptical person and try to find out as much as I can about them. Checked Rip Off report and Scam websites and nothing comes up which does not mean they are legit.
They have sent me an email with other info which I will read an see what that has to say. If I have to send the check to a Nigerian Prince, I'm out lol.

Thanks again
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