The post-pandemic era saw a sharp increase in trading options and activities. People have realized that they don’t have to work tirelessly to gain wealth and are prioritizing work-life balance more than anything.
With the ever-growing financial awareness, more and more people have started embracing the change and are investing in the stock market. Even tweens know about the basics of stocks and are trading to turn their monthly allowance into more money to become financially independent as soon as possible. The list below discusses the top four reasons why starting a stock market franchise in India is the perfect business model and how you can make money from this model.
General Awareness About Financial Literacy Has Increased
The most important reason why opening a stock market franchise in India is a good option is that the general public has understood the importance of financial literacy. Nowadays, even people in their teenage years have started exploring the stock market and trading with their pocket money.
The 2020 lockdown also led multinational companies to work from home, thus, giving people plenty of time to research more about the stock market. The covid pandemic made people realize that reaching the top of the corporate ladder is almost impossible, and their goal should be to build their empire through smart financial choices and retire as early as possible.
Opportunity To Become Self-employed
The stock market industry has seen a rapid boom post-pandemic. It is a great opportunity for people who are looking to become self-employed. The power to choose when and where to work, building a business from scratch, flexibility, and work-life balance is what today’s generation craves.
With a stock market franchise, you become the master of your own destiny, as it gives you the flexibility to run your business according to your terms. Your franchiser will take care of the major technicalities of the business initially, so you don’t have to worry about acquiring and diluting stocks.
Less Initial Investment
Contrary to popular belief, leading a stock market franchise in India doesn’t require a lot of money. The only initial investment that you have to make in setting up your business is in the form of a security deposit to the franchiser. For your security deposit, you can pay as low as Rs 10,000 to your franchiser. However, if you partner with the best sub broker franchise in India, the security deposit can go up to Rs 3,00,000.
Adequate Advisory Support
Lastly, if you are afraid of handling marketing, managing business finance, selling and buying stocks, and so on of your stock market franchise, you won’t have to do everything on your own. Your franchiser, i.e., the broker from which you’ve bought your stock market franchise, will handle the major finances and stocks of your franchise. They would even help in marketing your brand by providing banners and boards.
Owning a stock market franchise doesn’t require you to be a mastermind, as your franchiser will help in building your initial client relationships by providing advice and recommending stock investments to your client.