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. When you become a sub-broker, you will be helping stock investors in the process of buying and selling the shares to make the profit. Sub-broker is 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. 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 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 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. 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.
In addition to training and seminars, you will also be offered 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.
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. 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.