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. There are rules and regulations that govern the stock exchange market and as a sub-broker you are expected to understand them but also you are 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. 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. Most of the times, if you have a relationship with the franchiser, they will not require you to make a minimum deposit but you will have to pay the security deposit to the franchiser.
The other benefits of being a sub-broker is that you get marketing and training support. Most of the times the franchiser is always a large organization and therefore the can provide you with also of support that you need when it comes to marketing as well as train you appropriately. For example, when it comes to marketing the can provide you with things like marketing leaflets, banners, to name but a few. 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. 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 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. Being the first person to receive such information, will help you to give your clients first information before it gets to the market, meaning that the client will be able to benefit from new products, services, and offers.