What is stock market franchise?
Stock Market Franchise is the business partnership between stock broker and the franchise owner. It is partnership on the revenue generated on brokerage. 70-30 percentage is the ratio between franchise and stock broker respectively. It’s a good source of income once established the business with clients to be made once and get rewarded.
Revenue Model-
Before to become franchise partner we need to understand how revenue in generated in stock market.
A stock broker is a firm which opens a Demat account for the individuals, company etc. through which one is eligible to take stocks or shares from stock market and can sell. For this services client has to pay brokerage amount which is generated when trade in the market. This is the revenue generated by the stock brokers, but to maintain this a huge team is required to make one demat to open. SO a franchise model is introduced after seeing this by the authority. Stock broker provide a franchise to a individual, business all the client is to be generated by the franchise owner and maintained by the franhisee.
Franchise is also called Auhtorised person who hold the rights to use the platform of the stock broker and revenue made by their respective clients under them is shared a 70-80%(this varies broker to brokers) and after this every month a stable brokerage is shared.
How to generate higher revenues-
TO generate Higher Revenues some steps to be followed.
- Create a groups or digital connections like whatsapp group,community,broadcast so as to always connect with your clients and generate more revenue by providing market details everyday.
- Generate more revenue by giving trade everday to clients help them to trade, make a investment habits so that they always connected with you.
- Resolve every problems while facing the trade and provide best suggestions from the brokers side.
- Make a regular webinar or seminar to know about the company new products, knowledge based webinar,channels, social media so to educate them regularly.
- Always gives more as promised to the clients which in turns helpful in reference from them.
- Create some risk features for clients and make them trade in the options & futures it is little bit risky but can get good returns if trade with minimum risk modules as suggested by the company.
Conclusion –
A Stock Market Franchise company is an excellent method to make money. It is one of the most profitable business concepts in the industry of stock trading. It involves relatively little initial commitment and may be tremendously rewarding in the long run. You should start your stock broking franchise firm by looking for a franchise partner provider that meets your demands.
To get best deal in Broking Franchise –