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. 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.
The benefits of becoming a sub-broker in India is that you don’t require a lot of capital to invest in the business. 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. The franchiser will most of the times provide you with marketing tools such as banners and leaflets that can help you sell yourself. They can as well as organize seminars for the sub-brokers training them on different aspects of managing a business.
The other benefits of becoming a sub-broker is that you get advisory support. The stock exchange market is never without great challenges requiring you to relevant information that can be helpful in decision-making. Most of the times the franchiser will give you tips and recommendations that are likely to help you in your venture as a sub-broker that are likely to benefit your client and any other party involved.
One of the most interesting things that will experience as a sub-broker is getting products, services and offers the moment they are launched. 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.