Taking into account the pace at which the Indian stock markets are growing, one of the best business opportunities right now is to become a sub-broker with a reputable stock broker. That said, if you ever hope to start a profitable business venture, it is crucial to get yourself enrolled with the best share broker franchise in India.
But then, how do you go about it? If you’re unsure of what you need to do to choose the best broker for sub-brokership, here’s a guide that can help.
How to choose the right sub broking franchise?
To choose a sub-broker franchise that’s perfect for you, here are a few parameters that you need to consider.
1. Brand value and experience
The experience and brand value that the sub-broker franchise commands is a major parameter that you need to consider. Partnering with a stock broker who has decades of experience and high brand value will ensure better visibility of your sub-broker business and help you earn more customers.
2. Market share
Here’s something that you need to keep in mind when choosing the best share broker franchise in India - with high market share comes high volumes of business. Therefore, ensure that you partner with a stock broker that has a high enough market share. This way, the chances of you getting larger volumes of business also goes up.
3. Revenue sharing model
This is another major parameter that you would need to consider. Since sub-brokers are a part of the broking franchise, the revenue that they earn needs to be shared with the primary stock broker. And so, the revenue sharing model is something that you need to look at and examine very carefully when choosing the best broker for sub-brokership. Go with a stock broker who offers higher revenues to you.
4. Products and services offered
The number of products and services offered by a stock broker plays a very indirect, yet important role in your sub-broker business. Always make sure to choose a broking franchise that offers multiple products and services across different segments and asset classes. This way, you get to cater to a much higher client base.
5. Support services
Since the sub-broker business requires you to deal with clients and the stock markets day in and day out, things are bound to go south occasionally. However, having a strong support system from your sub-broker franchise can help smooth things out easily and effectively. Also, with a well-trained and dedicated support service team, your chances of marketing your business and developing it goes higher as well.
Motilal Oswal not only ticks all of the above parameters in this list, but also excels in them. You don’t have to look very far for the best share broker franchise in India. All that you need to do is visit our website right away to start your journey as a sub-broker with us.
Related Articles: Key Points to start Business as a Sub Broker | 10 Qualities A Sub Broker Must Have To Become Successful | Difference Between Sub Broker Franchise And An Authorised Person | How to Start & Grow Your Sub Broker Franchise in India
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