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. Your task as sub-broker therefore will be to offer guidance to your clients in buying and selling the stock. It is important to understand that some rules and regulations must be followed and you are also expected to be registered with SEBI. The following are some of the advantages of being a sub-broker 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.
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 benefits of being a sub-broker is that you get marketing and training support. 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. You don’t have to incur a lot of costs when it comes to keeping yourself with knowledge especially know that they franchiser organizes seminars and other workshops that any people you thoroughly with the knowledge you need to be successful.
The other benefits of becoming a sub-broker is that you get advisory support. To be successful in the stock market, you have to be very up-to-date with relevant information especially on ways you can generate more revenue. 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 another advantage especially because when there’s something new such as products services and offers, you are the first person to know. One of the benefits of being the first recipient of new products, services and offers from the franchiser, is that your client benefit a lot because the access information first then take advantage of it before other people know.