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While many factors including market trends can affect an MFD’s business, a key factor that can determine success of a distributor is her approach.
In order to find out what it takes to grow the distribution business, Cafemutual spoke to some prominent MFDs to know which qualities and personality traits have helped them achieve success.
Mumbai MFD Sadashiv Phene believes that his secret to success is in his habit to focus on personal interactions with his clients than contacting them through WhatsApp or calls. He thinks that his confidence and knowledge have played a big part in his success. He shares his mantra for success as “Guide people without getting affected by trends or other people’s opinions.”
Mumbai MFD Satish Pandey of Imperial Value Services believes that his prompt and easy to access nature has fast-tracked his growth. He thinks that adaptability to client’s needs, offering services that go beyond go beyond the role of distributors are also important for MFDs to succeed. He also emphasizes on creating an environment where people from his locality can come to his office and talk freely about their financial needs.
Kolkata MFD Mukesh Dokania thinks that his focus on a career path that leveraged his skillset and interest has contributed significantly to his success. He adds that trust in his experience, honesty with clients and making them feel safe about their investments have made him successful.
Pune MFD Balvir Chawla of Finnovators Services said that his vision for long-term business, relationship building with his clients and their families and prioritization to have a deeper understanding of his clients’ financial decisions have helped him grow his distribution business.
Cafemutual’s upcoming event, Cafemutual Ideas Fest 2025 is focused on such strategies of success. Themed ‘Decoding the Secrets of Success’, the event will take place March 5, 2025 at Sahara Star, Mumbai.
The event will host over 20 international and industry speakers who will share their practical insights and tips for business growth.
Visit www.cafemutualevents.com now to know more about the event and click on this link to register.