Being a sub-broker is very interesting especially now that you are an agent of the investors of the stock market in capital market segments. Primarily, the sub-broker will help the investors in buying, selling or dealing in stock. Sub-broker is expected to be registered with SEBI. There are many benefits of becoming is a broker franchise or authorized person as discussed below.
It should be motivated to be a sub-broker in the exchange market because it is going to have high 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. To start the business, you will only be required to pay the security deposit to the franchiser, but most of the times the franchiser will not ask you to make any minimum deposit.
The other undeniable benefits of being an authorized person in the exchange market is that you get marketing and training support, to begin with. 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. 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.
The other benefits of becoming a sub-broker is that you get 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.