Sub broking is very important in the exchange market because the sub-broker act as an intermediary between the stockbroker and client 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. The following are some of the advantages of being a sub-broker in India.
It should be motivated to be a sub-broker in the exchange market because it is going to have high revenue share. Compared to the rest of the partners in the exchange market should be working with, you get the high share well they franchiser will get the lowest share especially because you’re very involved with the client.
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 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 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. For example, when it comes to marketing the can provide you with things like marketing leaflets, banners, to name but a few. 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.
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.
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.