To start a broking franchisee one should not hesitate to ask for any assistance from the stock broker, after all if you are going to do well in your business, the franchisor will be benefited too.
Mostly, the top 10 stock broking franchise never hesitate to help their franchisee who are already giving good business to their company.
But in case of a new franchisee, many broking house hesitate to market and promote that new franchise outlet on great budget.
Generally, they will help you to invest your own money in the beginning but they will guarantee your financial support for marketing, branding and promotion once you start giving them good business, clients and brokerage revenue.
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To have a proper understanding for a franchisee that what kind of support and help you can take from the franchisor, look at the below points:
Advertising and Promotional assistance for Broking Franchisee
Many broking house help you with the advertisement and promotions through various channels be it traditional or online marketing.
For promotional help, a company provides all kind of marketing material like brochures, pamphlet, leaflets, visiting card, banners, glittering boards, etc.
They will also highlight your business location on their website. But, the problem is not many of the broking house provide you such kind of assistance.
Here are the list of Sub Broker Franchise who provides best marketing support:
|Angel Broking Franchise||Kotak Securities Franchise||Sushil Finance Franchise||Profitmart Franchise|
|Sharekhan Franchise||ICICI Direct Franchise||Prabhudas Lilladher Franchise||Swastika Investment Franchise|
Training and Support for your Employees
The broking house should also help your employees to learn all the business ethics and client conversion techniques. Many franchisors offer technical support and also advisory.
Many large broking firms also provide hotlines where franchise can call for the support. The back office support can help their clients related to the trading terminals, transactions and other operations related issues.
Here are few Stock Market Franchise who provides best Training & Support:
|Motilal Oswal Franchise||IIFL Franchise||IDBI Direct Franchise||Ventura Securities Franchise|
|SMC Franchise||Nirmal Bang Franchise||Sykes & Ray Franchise||Ski Capital Franchise|
Financial Assistance for Broking Franchisee
Many broking house provide you various kind of financial assistance by allowing you to pay your security deposit in installments.
You can also sometime ask for giving the freedom to do the business for few months to start the business without giving any kind of brokerage revenue to the franchisor, this depends on your power of negotiation.
Other kind of financial assistance could be that you can negotiate more on the revenue sharing part before signing the agreement.
Technical Assistance for Broking Franchisee
The franchisee can ask for extra trading terminal free of cost, for reducing the trading and transactional burden.
But this is only possible if you are generating very good amount of brokerage revenue every month, consistently. They can help you with call recording facility as well.
Check the list of Stock broker Franchise with very good technical support:
|Just Trade Franchise||Karvy Franchise||IFCI Franchise||Religare Securities Franchise|
|Geojit Franchise||Edelweiss Franchise||Narnolia Franchise||Anand Rathi Franchise|
Assistance in Location Selection
The broking firms have better idea that which area or location will get you more business. Selecting proper location is a very important step for running a franchise business.
Since, the company has all data about the revenue generation from all over the country. Based on those data, they can recommend you the best location from there you can generate better revenue and can build a good client base. They can give you better idea for selecting a proper location.
Training and Operational Support
The broking house must provide you all the details operation manuals offline and online. All the ethics, procedure and protocols of the company business should be mentioned in the operations manual and must be provided to all the franchisee employees to run the business efficiently and smoothly.
This helps in establishing discipline, rules, regulations and standard of the franchise. Before you open the franchise outlet, your employees must be given proper training on all the technicalities and also about business operations.
Generally, the training are held in the corporate office or headquarter, where all these instructions will be provided as a hard copy manual or could be mailed to your registered email ID for references.
Here are the list of stock brokers who provides best Training & Operational Support to their Broking Franchisee:
Never hesitate to ask for extra help from the franchise headquarter.
Always have a good relationship with your Franchise Development Manager. They will guide you to take certain actions for better business and client retention.
Keeping good term with the franchise manager will always help you with all kind of assistance mentioned above. Because they are the authority for assigning all the franchise related work.
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