Sub broking is an interesting field to venture into an authorized person acting as an intermediary between the stock market and investors in capital market segments. Primarily, the sub-broker will help the investors in buying, selling or dealing in stock. It is important to understand that some rules and regulations must be followed and you are also expected to be registered with SEBI. Given in this article are some of the reasons you should belong to stock broking franchise in India.
Working as a partner in the exchange market with a stock broking franchise in India, helps you get the highest revenue share. When you make some specific amount of money through the process of being a client, the supporting company will get a low percentage of the share will get the hires revenue share and therefore becoming the most benefited person in that process.
Another interesting fact about being a sub-broker is that you don’t require a lot of startup capital to start the franchise. This is because most of the times, the franchiser will not ask you for a minimum deposit because only a security deposit is paid to the franchiser.
The other benefits of being a sub-broker is that you get marketing and training support. Most of the franchising companies in India, are large companies that are able to supply you with every training that you require us a sub-broker on marketing and other techniques. You provide with marketing tools such as leaflets, banners, and so on. They can as well as organize seminars for the sub-brokers training them on different aspects of managing a business.
You can also benefit a lot by being a sub-broker in India because the offer advisory support also. Investing in the stock market has never been easy without proper advice and a source of information especially know that you have to advise your clients on how to generate more revenues. The franchiser will offer you advice that is tips and recommendations that can help you support your clients to generate more revenues because it is also the advantage of the parties involved.
Being a sub-broker is also beneficial because anytime there’s a product, service, or an offer from the franchiser, you’ll be always the first person to be aware as they share deep research with you. This is very relevant in your case especially because you will be generating such offers your client anytime the something new, keeping them up-to-date which is very important in creating relationships with your client.