Stock Market Franchise business can help you earn a lot of money but the same time it is very important to understand the market and the company from where you are going to take the franchise. But like any other business it is not easy to earn money without putting much effort.
Once you have taken the stock market franchise, it would be your duty to help your customers up to their expectation in order to maintain your client base. This is very important to retain your customers for long term in order to get the business throughout the year consistently.
A franchisee must follow the below key points in order to become a successful franchisee. Let us discuss all the points in detail so that you will have not to suffer in future after taking a franchise.
Research well about the company’s history
It is important to know about the company’s history in the current decade about its performance, management, experience, stability hot downfall during the recession.
Those companies that provide franchise must reveal their franchise disclosure documents so that you can have a better understanding about the company’s history. You must check about the litigation and bankruptcy details as well.
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The current and the future market
When you take a franchise in particular segment of stock market, make sure there is an immense growth in that particular sector. This will help you grow fast and make more clients for franchise business growth.
The financial stability of the company
You must Research and analyze through the share market about any company before taking franchise. In order to predict the stability, you need to analyze both the past and future financial statement and the company’s future goals.
Check the List of financially Stable Stock Market Franchise:
|Angel Broking Franchise||Kotak Securities Franchise||Sushil Finance Franchise||Profitmart Franchise|
|Sharekhan Franchise||ICICI Direct Franchise||Prabhudas Lilladher Franchise||Swastika Investment Franchise|
The Business Development Support
Make sure that the company’s managers and the employees are are good in providing all kind of necessary supports and customer service without much delay.
Because in stock market, trading on time is very important and any kind of delay can make your customers go insane if they lose money.
The managers must support their franchisees from time to time and also give them proper tips and tricks for better marketing, promotion and lead generation.
Here is the List of Sub Broker Franchise with Holistic Support:
|Motilal Oswal Franchise||IIFL Franchise||IDBI Direct Franchise||Ventura Securities Franchise|
|SMC Franchise||Nirmal Bang Franchise||Sykes & Ray Franchise||Ski Capital Franchise|
Technical & Training Support
Before taking any franchise make sure that the company relationship manager is good enough to Train Your employees properly and also teach you well about the back office support and all kind of Technical and trading issues.
They must train you well about the company’s software, trading platform, business ethics and tactics and all other related processes.
The broking house must be very much efficient in research and development. The advisory provided by the particular broking house should be valuable and must fetch maximum profit for your customers.
The broking house should also have past back office support so that in case of any emergency trading your customer should not face any kind of difficulty during trading and transaction.
Here is the List of Stock Market Franchise with good quality Technical & Training Support:
|Just Trade Franchise||Karvy Franchise||IFCI Franchise||Religare Securities Franchise|
|Geojit Franchise||Edelweiss Franchise||Narnolia Franchise||Anand Rathi Franchise|
Your business Territory
When you are taking a company’s franchise make sure that there is less competition for the same company franchise and there is a great market for your business growth.
Your franchise office should be located on the prime location so that there will be a huge possibility of your clients visiting your office without any difficulty.
Your business competitor should not be present in the same locality because that will reduce your business and you would be able to generate lesser revenues comparatively.
Preferably, keep your office or franchise outlet on the ground floor and in the prime location of your territory.
The Franchise Agreement in Stock Market Franchise Business
The franchise agreement should be clean and fair. It should not be very expensive and there should not be any kind of hidden clause.
Everything’s said and told to the franchise before opening the outlet should be mentioned on the agreement paper. So if the company is hiding anything and there is any kind of discrepancies in the agreement, one should not trust that company.
The agreement should be suitable for you in stock market franchise business. Many broking houses do the franchise agreement only for one year.
Target for Generating Revenues
If you are taking a franchise for the first time, many Stock Broking house will give you a target to achieve during the first year of your business to check your business potential if you achieve that target then they will increase your revenue sharing otherwise they might ask you to exit from that franchise business.
Many beginners are unable to fulfill such kind of demands, so make sure that the broking house that you are going to join should not have such kind of target achieving system.
Revenue Sharing Ratio and Total Investment
It is important that when you are putting your effort to generate the brokerage every month, the majority of the progress revenue should come in your pocket.
In general, this stock market broking house provides 70% of the generated revenue to the franchise. Lesser than this, could sometimes not be profitable. Also make sure that the total investment for opening a franchise outlet is under your budget.
Many people prefer to start a franchise business without any office outlet in the beginning of their franchise business. Later when they start generating good brokerage revenue, can be allowed to open their own franchise outlet.
Check the List of Stock Broker Franchise with decent Revenue Sharing Model:
|Arihant Capital Franchise||Fyers Franchise||Choice Broking Franchise||Elite Wealth Franchise|
Plans for the Exit Strategy from Stock Market Franchise Business
There should always plan B, if your business is not doing well. What will happen if your employees fall sick or leave your franchise business or there is a huge turbulence in the stock market and your business is not doing well?
In such scenario, you should always have a backup plan so that you don’t lose your security deposit. Try to transfer your franchise business with other or is there any other possibility that you can bargain with the company to fetch your security deposit back.
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