Sushil Finance Sub Broker Pragram is one of the most renowned franchise broking in the country. Lets have a comprehensive Sushil Finance Franchise Review. In this reivew we will discuss on various aspects like Sushil Finance Sub Broker Offers, Sushil Finance Franchise Revenue Sharing Models & other important features of Sushil Finance Partner Program.
Sushil Finance has been into broking business since late 80s. However, it started the business partnership and association programmes in 2009 only. Within a span of 9 years, it has set up more than 600+ associations in more than 200 cities.
One of the many highlights oof this broking company is that it offers multiple models of business association. It appreciates that every individual will have a different risk apetite and functional bandwidth and hence rolled out 4 different model.
Sushil Finance Franchise Customer Ratings
|Sushil Finance Franchise|
|Revenue Sharing Model||3.50|
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Type of Sushil Finance Franchise
- Centre partner
- Resident partner
- Managing Partner
- Introducing partner
Become a Sub Broker with Sushil Finance – Just Fill up the form
Sushil Finance Center partner
This business model refers to a typical sub-brokership model. The candidate is expected to have sufficient enough experience to handle the front office and the operations appropriately.
Sushil Finance Resident partner
The resident partner model is suitable for those who want to be a sub-broker but do not have enough funds to set up office or are not ready to take that risk/efforts. In this model, the candidate can reside or be physical present in the office of Sushil Finance and under the trade activities from their trading terminal.
Sushil Finance Managing partner
This model is a modified version of the first model. Herein the role played by the sub-broker is limited to the level of taking trade order from clients and communicating the same to main brokers. Thus, a managing partner does not himself undertake trade activities for Sushil Finance. Though all other activities like – pitching clients, making client base, assisting clients in understanding the business and then taking their trade orders, would fall under the scope of managing partner only.
Sushil Finance Introducing partner
As evident from the name, this model requires the candidate to merely identify the potential clients and then help the company in converting such leads into clients. Thus, their scope would include identifying the opportunities, pitch for them and then take efforts to convert these.
Sushil Finance Sub Broker Commission or Revenue Sharing Model
Considering that each of the model has different scope of work, it is obvious that the revenue ratio would also differ for each such business model. This is based on the principle that larger the scope, more the functionality and then higher returns to reward the extra efforts taken.
For a centre partner, the ratio ranges from 30-% to 60% depending upon various relevant factors like the existing client base, the projected trade volume etc.
For a resident partner, the ratio range is lesser vis-à-vis the centre partner as the latter has an additional element of maintaining front office and supervising those operations. The ratio may range from 20% to 35%.
The next business model i.e. managing partner would fetch even a further reduced ratio as his functions are restricted to collection of trade order. The managing partner does not undertake the trade activities but does all other functions as that of centre partner. The return in this case ranges from 20% to 40% depending upon various relevant parameters.
The other model i.e. introducing partner has even lesser functions to be performed and accordingly the revenue ratio also dips down in this case. The ratio may range from 10% to 25% depending upon the potential customers identified and the conversion of such opportunities.
Needless to say, all these ratios are dependent on multiple factors and are also negotiable.
Sushil Finance Franchise Cost or Security Deposit Amount
The investment amount for the first model i.e. centre partner is the highest amongst all other models as this model encompasses the most functions and has lesser control of the main broker. To cover this risk of lesser control, the security deposit amount is higher. Though, it is in line with what other major market players charge. The investment amount herein goes upto INR 2 lacs which is a refundable security deposit.
Apart from the deposit, the broker also mandates maintaining a decent office infrastructure with certain sets of workstation units and internet connectivity.
For the other two model i.e. Resident Partner & Managing Partner, there is a deposit requirement of INR 50,000. This deposit is a refundable deposit and upon termination of the arrangement the same is refunded back to the sub-broker.
Since the resident partner is seated in the office of the main-broker, it need not maintain any specific office infrastructure and space.
Lastly, for the introduction partner, there is no requirement of any deposit or investment.
Sushil Finance Sub Broker Offers
Sushil Finance has been launching a lot innovative offers to widen its network and make the existing one strong. Some of these offers are:
- Assistance in setting up the infra
- Financial assistance in specific cases
- Break even period
- Offers on brokerage
- Reduced deposits
- Payment of deposits in instalments
- Flexibility brokerage plans
How to become Sub Broker of Sushil Finance?
The procedure for enrolling herein is very simple. The same has been explained in the following steps. Though the steps appear to be very high in number, these are not much tedious ones. Let us have a look:
1st Step – Fill up the lead form available on this website
2nd Step – Our representative will analyse your details and connect with you to verify the details and confirm your interest.
3rd Step – Our representative will connect with the sales executive of Sushil Finance and brief them about your interest. The sales executive will then connect with you and verify the same
4th Step – Sales executive will arrange for a meeting with you to discuss in length the models available, the terms and conditions, the negotiations etc.
5th Step – Submission of the documents and proof of investment/deposit
6th Step – Verification of documents by the main-broker
7th Step – Account Activation
This may take up 7-10 working days depending upon the completion of each event.
Documents Required for Sushil Finance sub broker registration –
- Identity Proof
- Proof of address
- Proof of date of birth
- Academic certificates
- Proof of registration with the relevant stock exchnages
- Cancelled cheque or Bank statement
- Passport size photos
- PAN Card
Why Partner with Sushil Finance?
The pros of associating with Sushil Finance are listed below:
- A growing organization and hence more exposure
- Provides financial support as well as commercial support
- Large clientele
- Large product profile
- Varied models to choose from
Support provided by Sushil Finance Partner Program
- Financial support
- Assistance in obtaining registration from the stock exchnages
- Training on how to market the product
- Assistance in acquiring clients
- Assistance in maintaining client relations
- Allows a break even period
- Access to research and advisory team
- Sharing the research reports
- Sharing tips to be forwarded to clients
Become a Sub Broker with Sushil Finance – Just Fill up the form
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