I’m Here to Explain a wonderfull idea for those who want to earn some extra money in their spare time. I will try to explain it with the basic so you all could understand it better. Some People may be know about Franchisee, But to make sure everyone will be familiar with the stock market franchisee.
Before start talking about for whom stock market franchisee is a suitable Business, Let’s know about what is stock market Franchisee in simple words.
Indian market as we can see is untapped only 12.7 crore in August 2023 and still 100+ crore market is still remaining which is a huge opportunity to grab and it will continue to mark a good amount from market.
Now Let’s talk about who can start a stock market Franchisee:-
As you gone through Stock broking Franchisee business has big untapped market opportunity on the other hand it is a franchise business model with lowest investment and is asset light model.
With negligible deposit to main broker and with an internet enable Laptop / computer and set of chair-table one may start and run this business with unlimited growth potential. Recurring expenses are also very low. Initially even one may start from home without office expenses. Further for growing the business exponentially one may employ and increase team gradually as revenues starts moving higher.
How much Qualification is Needed to become an Authorized Person:-
A person citizen of India with age of 18 years above and passed intermediate (10th class) and must not have convicted for fraud or dishonesty may become Authorized person. So qualification for AP is not very high, but preferably you must have reasonable knowledge about financial market so that you can understand the financial products and guide your clients.
Any-One who have the qualification descried in above statement or wants a earning source with no interference of nobody, or wanted to be a Boss, or someone who want to earn extra income in His / Her can start a stock Market Franchisee. Persons who have hold, interest or passion in financial markets can become stock broking franchise
Like:-
Charted Accounted (CA) – CA’s have a large no. of clients or have a regular contact with the clients so it can be beneficial for CA’s to become authorized person.
Company Secretary (CS)- As a CS a good knowledge about financial market gives a pledge to use it for the clients and a opportunity to make a income through franchise model or as a referral.
Mutual Fund Distributor- Also Have a large no. of client they can easily convert them for share market.
LIC/Insurance Advisor – As they have long relation with the clients & their family they can easily convince them for investing in share market.
BIFS Employees- who are already in banking sector or have knowledge about the market get extra benefits from the remisier process or you can go with franchisee model.
House-Wife – They can support there family by working from home because you don’t need to go out for franchisee work or you can generate extra income.
Retired Persons – People who are retired from job/Business but still want to continue work it is a good opportunity to refer others and earn.
Influencers/Digital Marketers – This is the new field emerging in digital world it’s a good opportunity for them as well to be a franchisee or referral model and earn a extra income.
Conclusion –
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
To get best deal in Broking Franchise –
