Narnolia Franchise business offers partnerships to potential firms that are looking to set-up an enterprise in the stockbroking space in India.
As far as its history is concerned, Narnolia is a full-service stockbroker, started its business almost two decades ago in the year 1997. The company has achieved a lot since then. The company is well-known among customers for its promising service.
Narnolia broking company is registered under SEBI. Mr Krishna N Narnolia established the company with the vision of increasing the health of its customer’s wealth. The broker offers personalized services to its customers and business partners.
Narnolia offers its business partners two options to start a partnership business with them, one is a sub-broker and another is the remisier model.
They attract customers by offering an attractive revenue sharing ratio with the competitive initial investment or security deposit. The world-class research and in-house tools offered by the company make it different from others.
In this article of the Narnolia Franchise, we are going to discuss the different aspects of the broker like the details of the business model, revenue sharing ratio, initial investments, offers, supports provided by the broker etc.
Narnolia securities Advantages
You will get the following advantages if you start a partnership business with the Narnolia.
An attractive revenue sharing ratio: The broker offers an attractive revenue sharing ratio to its customers. They can earn better here in comparison to other broking houses.
The flexibility of security deposit: The security deposit required by the broker is flexible. As a remisier can pay the security deposit by the brokerage generated by them also. The security deposit is very low and affordable, which helps a business partner to start a business of their own easily.
Customized services: As a business partner of the Narnolia, you can also offer your clients customized packages for their convenience. This facility helps your client to choose the services according to their requirement and ultimately it will help to make the strong customer base.
Free advisory calls: The clients of the sub-broker or authorized person model will get free advisory calls. Clients will get the idea of profitable trades through these calls. They can easily take the decision of trading like which scrip and at what price it will be profitable to trade.
Advisory tips: Your clients will be able to get advisory tips call to get advice regarding their investment. The main aim of these calls will be to provide tips for the profitable investment decision.
Narnolia Franchise Types
As mentioned above, Narnolia offers two types of business model to start a partnership business with them.
The sub-broker model is the first model offered by the Narnolia. This is a very simple model. Under this model, you will get the right to access all research and analysis reports and tools used by the broker.
You will be eligible to get almost everything used by the broker for their clients.
You are required to set-up a separate office from where you and your clients will work. The broker will provide you support in the marketing of your business which will ultimately help you to bring more and more clients for your business.
Though, you will be responsible for acquiring clients for your company.
The revenue sharing ratio under this model is based on very simple things like your projected revenue, bargaining power and amount of security deposit.
Attractive revenue sharing ratio (more on this later).
The affordable initial investment required.
Right to access everything like research and analysis tools, techniques etc of the company.
You have the right to set the brokerage plan of your clients according to you.
An opportunity to start your own business with a growing broking house.
Remisier is the second model offered by the broker.
Under this model, an existing client can refer a new client to the company and can earn extra money. This model helps the company as well as the customers to build trust over each other.
In this model, you are supposed to do a very limited job that is your work is only to bring the prospective client to the company and the rest will be done by the company.
Reasonably Low initial investment required.
Revenue sharing ratio in line with the industry.
Very limited workload.
An opportunity to earn extra.
Narnolia Franchise Revenue sharing ratio
The range of revenue sharing ratio of a sub-broker model is 50%-70%. Means as a sub-broker of the company you can earn between this range.
However, this range of revenue sharing is not fixed, it depends on your projected revenue which will be generated by you, the amount of security deposit you provide to Narnolia and the most important your bargaining capability.
The range is in line with the industry.
As the workload under this model is limited. The revenue sharing for the remisier is accordingly. The range of revenue sharing ratio is 15%-25%.
The maximum percentage of revenue generated will be kept by the Narnolia because they perform the most important and most part of the work.
It means if the revenue generated by the referred clients of the remisier generated ₹1,00,000 revenue in a month. Then the main broker will keep maximum ₹85,000 and a remisier will get ₹15,000.
Narnolia Franchise Initial investment
Narnolia also has some of the criteria for the security deposit which a franchise is required to deposit with them. The security deposit is taken to adjust the default if made by the sub-broker or remisier.
For such default, a part of the security deposit is deducted from the whole security money.
The minimum amount of security deposit for the sub-broker model is ₹50,000. You may deposit more than this also.
The higher the security deposit, the higher the revenue sharing ratio. In addition to this, the company may ask for an extra security deposit, which will be refundable at the time of your exit from the agreement with the broker.
Apart from this, the broker may ask for ₹2,000 as the registration fee of the capital market segment.
A remisier is required to deposit security money in the range of ₹15,000 – ₹25,000. This amount is also refundable at the time of termination of the agreement.
If a remisier want, this amount can be adjusted against the brokerage payable by the remisier also.
Narnolia Franchise Business Support
Following supports are provided by the Narnolia to the business partner
Marketing support: The broker provides marketing related support to the sub-broker like the advertisement of the sub-broker through TV, newspaper, mouth to mouth publicity etc. to attract more clients.
Business set-up support: They provide the best support to the sub-broker to set-up their business successfully.
Training support: Training support provided by the Narnolia to the staffs and business partners, so that they can easily understand the tools and techniques used by them. It will ultimately help them to generate more revenue and make their business base strong.
Tools and techniques support: The broker offers their business partners right to access all tools and techniques used by them.
Narnolia Franchise Registration
To become a business partner of Narnolia, you are required to follow the below-mentioned steps.
Complete the registration process by filling the registration form available on the website. You may choose to fill the below form as well:
Receive a call from our representative to confirm your interest and the details filled in the registration form.
You will get another call from the company to confirm the same and an appointment with the sales team of the company will be fixed in the same call.
Upon meeting, you can discuss in details about the business partnership benefits with the sales team. You can ask about the revenue sharing ratio, business models, security deposit etc.
After that, you are required to submit all necessary documents with an initial deposit cheque to the company for the verification purpose.
After verification, an agreement will be signed by both the parties.
Lastly, you will get an account ID to start your business with the Narnolia.
It will take almost 7-10 business days to complete the whole process.
Narnolia Franchise Summary
From the above discussion, it is clear that Narnolia offers you an opportunity to connect with them in two different ways i.e sub-broker or Remisier model.
It offers an attractive revenue sharing model for both the models with affordable security deposit. They provide you support to start your business smoothly. The registration process is also very simple.
Overall, we can say, the Narnolia can be one of the options in your list if you want to start your own business in the broking field.
If you are looking to get started with the stockbroking business, let us assist you in taking the next steps forward: