blinkX Franchise or Partner or Sub Broker Business – Find Cost, Profits, ROI & more

Looking for a new-age stock brokerage house to join as a franchise? Your search ends here.

In this article, you will read about the blinkX Franchise, which has recently become the talk of the stock market.

In this article, you will find all the details you were looking for to become a blinkX Partner.

From the business models to revenue sharing structure to infrastructure, every other aspect of the brokerage house and the franchise opportunity is elaborately mentioned in this article.

blinkX was incorporated in 2022 and has been just one year of operation, right? So, how many franchises does it have at present?

Ten or maybe twenty, no, there are more than 100 blinkX Sub Brokers spread across the country.

blinkX has raised the standard of franchise business in the stock broking industry with its innovative products and services and exciting offers for franchisees.

Nimesh Kampani has established the brokerage house in Mumbai, and it is the head office of the brokerage house at present. It offers a lifetime franchisee, and you can avail of it from any corner of the country.

To set up the franchise, you will need hardly fifteen days; it includes the documentation process and infrastructure building. However, it can vary depending on your infrastructure.

The stock broker offers three business models discussed in the next section of the article.

blinkX Franchise – Business Models

Check out various business models of blinkX Sub Brokership.

blinkX Sub Broker Model

Of the three business models of blinkX, blinkX Sub Broker is the most popular. It offers the highest commission to the franchisee and also other benefits.

The sub-broker has to perform all three franchise duties, including client acquisition. This means you need to identify potential clients, pitch to them, and acquire them for the brokerage house.

Then assist these acquired clients with account activation, referred to as client activation, and then you need to offer them services to retain them.

Sub-brokers need to thus have trading and dealing setup, research desk/ advisory services, and other such facilities.

blinkX Partner Model

The next business model of blinkX is blinkX Partner, under which the franchisee’s role is to acquire clients and help them with account opening and account activation to some extent.

However, the responsibilities of a partner in blinkX are lesser than those of a sub-broker. Here you do not need to provide services to the clients to retain them.

blinkX Referral Program

Finally, blinkX Refer and Earn is the broker’s third business model. Refer and Earn model is for those looking to partner with blinkX on a part-time basis where they already have other occupations.

If you have a good network of people interested in making money through trading and investments and good PR skills, you can easily opt for this business model to earn some extra monthly money.

Refer and earn business model works like you acquire a client for the broker who opens an account with the brokerage house, and you will get your commission or rewards.

Thus, in this model, you do not have to worry about client trading every month or even if they continue to be with blinkX.

blinkX Franchise Cost can be divided into two parts. One is the franchise fee you must pay to acquire the franchise rights.

For the sub-brokers franchise, the fee is Rs.50,000, while for the partner’s franchise, it is Rs.5,000. The infrastructure cost is the second part of the entire cost of setting up the franchise.

However, infrastructure is only required if you opt for the sub-brokers business model. For partners, infrastructure is not mandatory; they can work from anywhere.

The blinkX Partner Commission is a flat 50% of the revenue generated by the clientele of the partner.

So, if you have 100 clients, and the total brokerage they paid in March 2023 was Rs.2 lakhs, you will receive Rs.1 lakh out of this.

Moreover, you will also receive Rs.400 for each new client who opens an account with the brokerage house. The sub-brokers of blinkX get a 60% to 70% share of the revenue.

So, if your clients together make Rs.2 lakhs of brokerage in a month, you will receive Rs.1,20,000 as the minimum share of revenue while it can go up to Rs.1,40,000 as well.

Coming to the Refer and Earn model, under this model, the referral partner gets Rs.600 flat per new account opening.

You can expect positive blinkX Sub Broker Returns only from the second month of operations.

This is because of the low investment requirement and the high popularity of blinkX and exceptional offerings.

If you are good with client acquisition and activation, generating positive returns won’t take you longer than two months.

blinkX Sub Broker Profits

Check out details like blinkX Sub Broker Profits, Revenues & more here.

The blinkX Sub Broker Profits, or to be specific, the profit margin generated, is close to 46%.

However, it varies from one sub-broker to another depending on the cost management techniques.

Multiple recurring costs are also necessary for running the business, but if you can reduce the cost, you can increase your profit margin.

blinkX Partner Profits

Find out details like blinkX Partner Profits, Expenses & more.

Similarly, for the blinkX Partner Profits, the net profit margin is around 39%.

However, the expenses of the partners are less, so the revenue share received and the margin of profit made is not far apart, like in the case of sub-brokers.

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As mentioned above, blinkX Franchise has mandatory infrastructure requirements for the sub-brokers business model only.

It includes an office space with at least 1500-200 square feet of area in it.

The office must have a computer and internet facility, CCTVs, trading terminals are required and other facilities like research and advisory. It would be best if you serviced the clients in the office.

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blinkX Sub Broker gets support from the brokerage house through a relationship manager who helps the franchise/ sub-brokers in client handling.

Then there is back-office support for maintaining client details, keeping track of your earnings, and sorting out any technical issues.

The brokerage house also offers trading support, marketing support, advisory support (paid), and other facilities too.

The marketing support for blinkX Authorised Person includes local advertisements to capture the local market.

blinkX is a new-age broker with a better online presence, but local advertisements are still the best for capturing the local market.

Then there are interior and exterior advertisements for the same purpose.

blinkX Affiliate Partners also get training from the brokerage house. It is to develop and enhance the potential of the franchisees.

The training includes product information training, dealers training, and service training.

Thus, it covers the entire responsibilities of a sub-broker and helps them grow professionally and expand the business.

The more products and services are available with the brokerage house a sub-broker/ partner associates with, the higher the revenue they can generate.

As blinkX Franchise, you can sell all kinds of investments and trading products, usually unavailable with tech-first brokerage houses.

Here you get to sell essential investment products like equities and derivatives, while advanced products like forex trading, commodities, and currencies are also there.

Apart from these, IPO services are available. So, if you want to invest in the IPO of any company, you can get all the details beforehand. This will help you analyze the IPO and the investment.

Furthermore, there are advanced trading platforms for all devices, and PMS services, basket trading facilities, and Algo-trading facilities are there for every user.

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blinkX Sub Broker or Partner Dashboard

Here is the link to blinkX Franchise Dashboard.

If you are wondering how to keep track of all your earnings and clients, then blinkX Partner Dashboard is the answer you are looking for.

It is the portal for the blinkX franchisees where they can have all the information and resources for running the business.

From tracking the earnings for any period, be it weekly, monthly, or even yearly or daily, to know which client is opening the account and who needs assistance, you can get all this information with this dashboard.

blinkX Franchise Login

You need the blinkX Franchise Login id and password to use the dashboard. Once you become the franchisee of the broker, you will receive the mail with login credentials.

You can then download the dashboard software and use the login credentials to log into the portal.

You can change your password anytime you feel like or if you want to secure it, then change it every two or three months.

blinkX Sub Broker Benefits

By now, you must have understood why you should opt for the blinkX franchise. However, here are some other blinkX Sub Broker Benefits that you should also consider –

• blinkX is one of the fastest-growing brokerage houses in the country
• It has a wide range of products and services
• The brokerage plans for suitable for all kinds of investors and traders
• They offer training to all the franchisees
• As franchisees, you will get many support services to enhance your business.

blinkX Franchise Drawbacks

The few blinkX Franchise Drawbacks are –

• The advisory support that blinkX provides to the franchises is not free. You need to pay for the same if you want it.
• Even the marketing support doesn’t include a website or digital marketing support or webinar and events support.

blinkX Partner Program – Conclusion

If you want to apply for the blinkX Partner Program or become a sub-broker, it is the right time.

blinkX is in its growing stage, which can be the best time to join, and also due to the exceptional performance of the stock market at present and the growing financial literacy rate.

FAQs on blinkX Franchise Business

Find out various FAQs on blinkX Affiliate Partner Program

Does blinkX have an Authorized Person?

blinkX has a sub-broker business model, which is nowadays referred to as Authorised Person as per SEBI regulations. So, it is there but with its old name, which is sub-broker.

How many Affiliate Partners does blinkX have?

blinkX has more than a hundred Affiliate Partners across the country. It acquired them just in a year which is unbelievable but true.

What are the blinkX Referral Agents?

Referral Agents of blinkX get a flat fee for each new referral. Here referral means when a person opens a blinkX account with your referral code.

How can I become a blinkX Associate Partner?

To become a blinkX Associate Partner, you must apply for the firm’s franchise. You need to submit your documents for KYC, and then they will process the same.

If the application is approved, you will become a partner of blinkX.

How much can I earn as blinkX Partner or Dealership?

It depends on the number of clients and your business model. You can earn flat Rs.600 for each new referral under Refer and Earn model, while for the partner model, the revenue share you will be entitled to be 50% and a flat Rs.400 for each new account opening, and then for sub-brokers, it is 60% to 70% of the revenue.

Am I eligible to start a blinkX Partnership Agency?

You can be eligible if you know the stock market and how to pitch to potential clients. However, for sub-brokers, there is certain SEBI registration you would need.

Do I need to have a blinkX trading account?

No, franchisees don’t need to have a trading account. It is for the clients who trade using the account.

If the franchise needs to trade on any client’s behalf, they will get access to the trading and Demat account from the client itself.

How much do I need to invest in becoming blinkX’s authorized partner?

The investment requirement for the blinkX franchise is low. You can pay around Rs. 1 lakh for the sub-broker model, while the partner model requires only Rs. 5000.

How can I track my earnings with blinkX?

You can use a blinkX dashboard to track all your earnings and clients.

Is blinkX safe to become a partner?

blinkX is SEBI registered brokerage house, so you do not need to worry about fraud or similar threats.