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. When you become a sub-broker, you will be helping stock investors in the process of buying and selling the shares to make the profit. 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. In the sub broking, the partner of the sub-broker will keep the most top brokerage generated by the client considered to the amount the franchiser gets.
The other reason, you should become sub-broker is because you don’t require a lot of capital to get started in that business. 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.
To begin with, venturing into the exchange market as a sub-broker, you get the marketing and training support that you may require. Most of the times, the franchising companies, a large company that is able to cater to every training that you may receive to help you become a better marketer in the market that is saturated. The franchiser will most of the times provide you with marketing tools such as banners and leaflets that can help you sell yourself. In addition to training, they can also organize seminars and other training that can help you gain knowledge on how to manage a business well.
In addition to training and seminars, you will also be offered advisory support. 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 franchise will ensure that you get unique tips and accommodations that are likely to improve how you handle things as a sub-broker and therefore benefiting everybody that is involved when you make revenue.
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.