Becoming a Geojit Sub Broker can help you have a second source of income, or you can also make it your full-time profession and earn more than Rs.1 lakh in a month.
Geojit has 35 years of experience in the stock market as a stock brokerage house. It is one of the most popular full-service brokerage houses of all time.
This article will help you understand the different aspects of partnering with Geojit.
Then you will read about the company’s background, different business models, revenue structure, investment requirements, and much more.
Geojit Franchise Business Opportunity - Snapshot
Line of Business
Unit / Shop Area
Commission% / Revenue Sharing
Infrastructure Investment
ROI Timeframe
Geojit Sub Broker or Franchise Review by FranchiseByte
Revenue Sharing
Franchise Fee & Infra Investment
Support & Training
ROI Timeframe
Brand Value
Overll Ratings
Star Ratings
The present and previous Geojit Franchise holders have rated this stock brokerage house as one of the best to associate with.
It has an overall rating of 3.7 points out of 5, which is quite impressive. The franchise holders/ partners mostly like the brokerage house’s investment requirement and revenue-sharing structure.
Overview of Geojit Partner Program
Industry
Line of Business
Organization Type
Head Office
Founder
Founded In (year)
No. of Franchise Outlets
Master Franchise Model
Franchise Tenure
Franchise Location
Business Set-Up Time
Franchise Commencement Year
Geojit was founded in 1987, which is 35 years back in time; however, it has evolved to be one of the most advanced full-service brokers of recent times.
They started with a business model like Geojit Partner in 2008. It is a public organization with its headquarters in Kochi and was founded by Balakrishnan A.
There are more than 1500 partners of Geojit across India, and they are adding new ones daily.
So, you can expect to be a part of experts and experienced traders, sub-brokers, business consultants, bank managers, CAs, and many more people having expertise in capital markets.
Geojit Franchise Program – Business Models
The broker offers 3 models to its customers –
Business Model | Revenue Sharing |
Sub Broker | 50% – 60% |
Partner | 20% + Rs.200 per new Client |
Referral | Rs.250 per new Client |
Geojit Sub Broker
As Geojit Sub Broker, you will be working as an authorized person of the brokerage house.
As any other sub-broker, you will also have to identify, pitch, acquire clients and then render trading facilities and services to them.
You will receive a high commission or revenue share when you enroll as a sub-broker.
Geojit Partners Program
Geojit offers a partner program designed for anyone who wants to earn secondary income or set up their own business with low capital investments.
There is no requirement for SEBI registration, as you won’t be registering as an Authorised Person. In this business model, your work will bring new clients to Geojit and assist them with account opening.
You do not have to be a stock market expert to become a partner of Geojit. On every successful client onboarding, you will get a certain percentage of the revenue generated by Geojit from that client.
I will be discussing this in detail in later paragraphs of the article.
Geojit Referral Program
Geojit also has a referral program in which anyone can enroll and earn cash rewards upon each successful referral.
Under this model, there is no need to provide any assistance services to the client.
All you need to do is to send y our referral link to the person in your network you think or know wants to open a Demat/ trading account, and then if they open the same using your link, you will get Rs.250 for each referral.
Geojit Franchise Investment & Fees
Sub Broker - Franchise Fee
Partner - Franchise Fee
Referral - Franchise Fee
Infrastructure Investment
While there is no Geojit Franchise Cost and security deposit or any franchise fees or registration fees for the partners’ program, however, for the sub-brokers model, there is a nominal investment requirement of Rs.25,000.
So, this can be beneficial for financial enthusiasts who have just started and looking for entrepreneurship opportunities.
You can enroll as a partner of Geojit without paying a penny if you opt for a partner’s program or referral program.
Geojit Sub Broker Commission / Revenue Sharing / Royalty
Sub Broker Commission
Geojit Commission
Partner Commission
Geojit Commission
Referral Commission
Geojit Commission
If you are a sub-broker of Geojit, you will be entitled to receive 50% to 60% of the revenue your clientele generates.
So, the Geojit sub-broker commission is the highest amongst other business models. The partners of Geojit under the Partners Program get fixed at 25% of the revenue generated by the client.
There is also a fixed pay of Rs.200 when your lead converts into clients by opening an account.
So, for instance, if you onboarded 5 clients in the first month and the total brokerage paid by all these 5 clients cumulated together is Rs.1 lakh in a month, then you will receive Rs.25,000 of the same.
While in the future, you will have more clients as you work, then after supposing 6 months, you will have 20 clients, and the total revenue generated by all of them for a month will be Rs.5 lakhs.
Then your revenue share will be 25% of Rs.5 lakhs which is Rs.1.25 lakhs. So, the more clients you have on board with Geojit, the more revenue you can earn.
Geojit Business Partner ROI Details
In Months
The return on investment or ROI can be derived if you compare your earnings with the investments. Since the investment is nil, the Geojit Franchise Returns will be positive from your first payout.
So, if you earn Rs.25,000 in the first month, given that the investment is zero, the total ROI is Rs.25,000, which is a total profit for yourself.
This also indicates that there is no risk of losing your capital as other businesses have, even if you pair up with brokers who charge franchise fees or security deposits.
Geojit gives you peace of mind and a fair share in the revenue for your contribution.
Geojit Finance Sub Broker Profits & Expenses
Monthly Revenue | |
No. of Active Clients | 185 |
Daily Trades per Clients | 1 |
Avg. Volume per Trade | 2,50,000 |
Brokerage per Trade | 0.20% |
Trading Days in 1 Month | 3 |
Total Brokerage Revenue | 2,31,250 |
Sub Broker’s Share (60%) | 1,38,750 |
Monthly Expenses | |
Office Rent (Co-working Space) | 15,000 |
1 Telecaller Cost | 14,000 |
1 Dealer Cost | 18,000 |
Misc. Expenses | 5,000 |
Total Cost | 52,000 |
Monthly Profit | |
(Revenue – Expenses) | 86,750 |
Profit Margin | 38% |
Geojit Finance Partner Profits & Expenses
Monthly Revenue | |
No. of Active Clients | 185 |
Daily Trades per Clients | 1 |
Avg. Volume per Trade | 2,50,000 |
Brokerage per Trade | 0.20% |
Trading Days in 1 Month | 3 |
Total Brokerage Revenue | 2,31,250 |
Partner’s Share (40%) | 92,500 |
Monthly Expenses | |
1 Telecaller Cost | 15,000 |
Misc. Expenses | 5,000 |
Total Cost | 20,000 |
Monthly Profit | |
(Revenue – Expenses) | 72,500 |
Profit Margin | 31% |
Master Franchise of Geojit Finance - Information
Franchise Fee
Infrastructure Investment
Commission% / Revenue Sharing
Currently, there is no Geojit Master Franchise, as the brokerage house only has a partner program. This is suitable for those who are looking for part-time work or to work as freelancers primarily.
However, you can easily run a successful business using Geojit’s partnership model if you have a huge client base.
Geojit Franchise Infrastructure Requirement
Shop / Unit Area
Employee Strength
Research / Advisory
Trading Terminals Set-up
Telephone Lines
Computer / Internet Connectivity
Airconditioner
CCTV Set-up
As Geojit Partner Program requires no trading assistance, there is no requirement for office space or employees.
All you would need to work as a partner of Geojit is a laptop, stable high-speed internet connection, and telephone connections.
The software will be given by the broker itself and also the support that you would need for client servicing.
This means there is no cash investment or any investment in building and setting up infrastructure.
The sub-broker business model will require you to have an office, employees, trading terminals, and internet and phone connection.
The office needs to have air conditioning and CCTV coverage.
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Support Provided by Geojit Partner Program
Service Pricing
Offers
Client Interaction Training
Relationship Manager Support
Back-Office Support
Trading Support
Advisory Support
Marketing Support
Business Management Software
Website Support
Operation Manual
Training Manual
Geojit Sub Broker gets a wide range of support, including –
Marketing support
The first and most important support offered by Geojit is marketing support. They help you in marketing your business in the local area and online.
They help you generate more revenue by onboarding more clients.
Branding support
Geojit helps all sub-brokers to build a brand for themselves. This helps attract more clients, and thus the revenues keep growing.
Back-office support
Then you will also receive the necessary back-office support. This is to help you handle your client’s queries if any.
However, you do not have to deal with or assist clients with their trading. The back office team will take care.
Software support
Finally, there is software support. As a partner of Geojit, you do not only receive partner portal as software but also trading software to help your clients understand how Geojit trading works.
This can help you pitch well to the clients and get them on board.
Franchise of Geojit Finance - Marketing Support
Unit Interior & Exterior Ads
Local Advertisement
Digital Marketing
Television Advertisement
Prints Advertisement
Events/Seminars
The marketing and branding support offered to Geojit Franchise Program partners includes –
- Digital marketing support, where the broker helps the partner build an online presence through the digital market
- Then there is website-building support which is an integral part of the process
- They also conduct online events and webinars to bring more clients and create an interactive space for partners and prospects.
Training provided by Geojit Sub Brokership
Product Information Training
Dealers Training
Service Training
The training you can expect to receive as a Geojit Sub Broker will include the following –
Product training
The product training helps the partners understand the products and services Geojit offers.
This ongoing training takes place at certain intervals to update the partners about the new offers Geojit brings into the market or the products and services.
This is mandatory for every partner to clearly understand the product range and pitch the right product to the right client at the right time.
Client acquisition training
The next training offered to the partners is Client acquisition training. This is mainly about dealing with clients, pitching to them, developing soft skills, and grooming yourself to present yourself adequately.
Geojit Sub Broker - Products & Services Offered
Equity Trading
Commodity Trading
Currency Trading
Options
Futures
Mutual Funds
Banking
Insurance
Demat Services
3 in 1 Acount
IPO Services
Stock Recommendations
Robo Advisory
PMS
Exposure or Limit
Mobile App
Web Trading Platform
Trading Terminal
Algo Trading Platform
Basket Trading
As a full-service brokerage house, Geojit has a wide range of products that, as a Geojit Business Partner, you can also offer to your clients.
While they have all the basic trading and investment options like derivatives, equities, commodities, and IPO investments, they also have advanced trading products like Algo trading, Robo advisory, and others.
They currently have mutual funds, insurance products, and asset management services. Geojit has over 12 lakhs of clients, and there are Rs.60,000 crores of assets under the management of Geojit.
While these were the products mentioned above, there are research and advisory services and portfolio management services the broker offers, and you can also offer them.
This wide variety of products and services will help you generate better income as you can get more clients for different products/ services.
They will invest/ trade using these products and services and thus generate revenue, of which you will receive 25%.
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Franchise for Geojit Finance - Revenue per Customer
Intraday
Delivery
Equity Options
Equity Futures
Commodity
Currency options
Currency Futures
As Geojit Franchise, you can earn revenue per customer depending on the brokerage paid by that customer.
Geojit charges Rs.20 per lot for equity options & currency options. Then there is an intraday facility, which charges Rs.20 per trade while for equity, currency futures & commodity, they charge 0.03% per transaction amount.
For the delivery trades, the broker charges 0.3%. Given this brokerage structure, the revenue you can generate from each customer will depend on which segment he trades the most and the trading volume.
Franchisee Qualification required by Geojit Sub Broker Franchise
Age Limit
Business Experience
Academic Qualification
There is no such mandatory qualification required for Geojit Affiliate Program.
All you need to have is an interest in finance, the stock market, and entrepreneurship, and you need to be 18 years of age and have completed your 10+2 education.
This means anyone from a housemaker to a CA can join the partners’ program of Geojit for part-time or even full-time earnings.
Documents Required to Start Geojit Partner Program
Franchise Agreement
Proprietor Aadhaar Copy
Proprietor Photo
Proprietor / Business PAN Copy
Business TAN Copy
GST Registration Certificate
Proprietor / Business Address Proof
Unit / Shop Address Proof
NOC of Unit / Shop
The documents you would need to submit when you apply for Geojit Affiliate Program include the following –
- PAN card copy of the applicant
- Then, the AADHAAR Card copy of the applicant
- Proof of education 10+2 from a recognized education institute
- Photograph
- If a GST registration certificate is applicable, then you need to submit a copy of the same
- Experience certificate, if any
Geojit Partner or Franchise Dashboard
Dashboard | |
Geojit Partner Dashboard | Login URL |
Geojit Partner Dashboard is provided by the company to keep track of all the business done by the partners.
On the dashboard, the partner can keep track of leads opening an account or not starting the process. Then the leads who have completed the account opening process.
Then the most important feature is revenue tracking. You can see how much revenue your clients have generated for a period. You can then see how much you have earned out of the same.
Customer care support is also directly accessible from the dashboard and other features to enhance your experience as a partner with Geojit.
Geojit Partner Login or Geojit Franchise Login
For Geojit Franchise Login, you must have a partner account with the broker. Once you have the same, you can easily open the business management software Geojit has given you.
Then enter the login credentials and then log in. You can see the dashboard then and track all your clients, leads, and earnings.
Geojit Sub Broker Benefits
The benefits of becoming a Geojit Sub Broker are as follows –
- You get marketing and branding support from the brokerage house
- There is a lifelong revenue share that you will receive until the client you onboarded trades with Geojit
- You can start your entrepreneurial journey with Geojit without any investment
- All the payments are made within 31 days, which is monthly
- You can even get your partner’s code activated within 5 minutes of registration
- The application process is completely online, and you do not need to visit any office. You can work from the comfort of your home when you want to.
- The more clients you have on board with Geojit, the more income you can generate.
- There is a constant back office and customer support to help you in your business.
Geojit Franchise Drawbacks
While there are no such drawbacks to Geojit Franchise, there can be more business models and higher revenue-sharing opportunities.
Apart from these, everything is fair and good about the Geojit partners’ model.
Geojit Partner Program – Conclusion
With the rising inflation, it is important to have multiple sources of income, and if you are a people person, then Geojit Partner can be one of the best opportunities for you.
You can work as per your time and from anywhere worldwide. There is no upper cap on earnings opportunity without investments or strict, rigid eligibility criteria.
FAQs on Geojit Franchise Business
Find out various FAQs on the Geojit Sub Broker program –
Can I become a partner of Geojit Financial Services?
Yes, Geojit offers a partner model where anyone interested in finance can enroll and earn a good income from the commissions.
Do I need to pay any money to become a partner?
No, there is no need to pay a penny to start Geojit Franchise. There is no fee, security deposit, or SEBI registration fee.
How much can I earn as Geojit Partner?
You can earn any amount as there is no cap on earnings possibilities. The revenue share offered to partners is 25% and a fixed pay of Rs. 200 for each account opening.
What will be my work profile as Geojit Sub Broker?
As Geojit Sub Broker, you need to identify prospective clients, pitch them about their products and services of Geojit, and then help them open an account with the broker.
Am I eligible for this opportunity?
Anyone 18 years old and above who completed a 10+2 education, has good communication skills, and is interested in the financial market can become a Geojit partner.
I am a housemaker; can I join the partner’s program of Geojit?
Yes, you can join as a partner of Geojit and earn a good income while managing household chores.
Do I need to be a stock market expert to partner with Geojit?
To become a partner of Geojit and earn a good commission, you can be something other than a stock market expert.
However, the more you learn about the market, it will be beneficial for you to pitch to clients.
Will I get training from Geojit?
Yes, Geojit offers training for all the partners. They offer training for product and service knowledge and client interaction.
How long does it take to activate partners’ code at Geojit?
It takes only 5 minutes to get the partner’s code after you complete your registration process for the partner.
What is the payout duration?
The payouts are made every 31 days. So, if you start on the 1st of January, your first payment will be on the 31st of January.