Know everything about Goodwill Wealth Franchise Business Opportunities here.
When you buy a franchise from an established stockbroking platform, you invest your time and money in a proven business model.
This reduces the probability of risk associated with starting a new business venture.
Just like Goodwill Wealth Sub Broker Program, which will provide you access to a wide range of resources and other helpful material that will take your franchise business to a new height.
But, as a Goodwill wealth partner, you will be exposed to some significant merits and demerits too, which we have tried to discuss in brief in this article.
Goodwill Wealth Franchise Business Opportunity - Snapshot
Line of Business
Unit / Shop Area
Commission% / Revenue Sharing
Goodwill Wealth Sub Broker or Franchise Review & Ratings
Franchise Fee & Infra Investment
Support & Training
Overview of Goodwill Wealth Sub Broker Franchise
Line of Business
Founded In (year)
No. of Franchise Outlets
Master Franchise Model
Business Set-Up Time
Franchise Commencement Year
If you are looking for a sub-broker that serves over two lakh+ customers nationwide and already has a presence in over 100 locations, you must be convinced to join Goodwill Wealth.
Incorporated in 2008, Goodwill is one of this age’s most prominent online stock brokerage companies, which has earned the trust of lakhs of customers so far in its lifetime.
As a Goodwill sub broker, you will introduce the brand to prospective clients or customers.
Simply put, the broking platforms offer investment and trading services, which you will promote to your relationships or connections online or offline.
With a decade of expertise, the broker provides myriad benefits to make life easier in the financial market.
Equity, derivatives, commodities, mutual funds—many things to explore on the GoodWill Wealth platform.
As a franchise partner, you will meet most of your expectations upon partnering with Goodwill, and we don’t doubt it.
Goodwill Franchise – Business Models
Check out franchise models provided by Goodwill Wealth.
|Business Model||Revenue Sharing|
|Partner Program||40% – 50%|
|Referral Program||Rs.300 per Client|
Goodwill Wealth Partner Program
If you are looking forward to becoming one of Goodwill Wealth Partners, let’s find the best fit before moving forward.
Not all partner programs create equal opportunities; therefore, it is worthwhile to understand the variations and find the best one that matches the preferences.
Just like Goodwill Wealth offers two different partnership models; the first one is the partner program, in which you will be introduced as a partner with higher revenue sharing and higher responsibilities to Goodwill.
As you join the program, you will be an authorized person who will receive product, marketing, and sales support. However, you need to own office space to operate this business model.
Goodwill Wealth Referral Program
The second program, Goodwill Wealth Refer and Earn, is entitled the Referral Program, in which you don’t need to arrange an office space.
You can enter the partnership and set up your business from scratch at no cost. Research advice and market updates are also shared in real-time with partners.
A person with a good track record or reputation in the financial industry or social media presence is eligible for this.
All you need to do is promote the brand’s services and bring customers to the platform via a unique link generated by the brand.
Goodwill Wealth Franchise Investment & Fees
Partner Model Fees
Jumping straight to the vital topic, the Goodwill Wealth franchise cost, After all, the little metric tends to impact your business profitability by a significant amount.
If you wish to become an authorized person, no investment is needed. However, a Rs.20,000 – Rs.30,000 infrastructure investment is also a choice.
But if you think your partnership won’t generate returns for you without a professional setup, you can consider investing in the infrastructure and design.
But we don’t want to keep you blind. Operational expenses are worthwhile for the franchise partners to consider, which will cover tellcaller costs and miscellaneous expenses.
The second refer-and-earn model, or the Remisier business model, requires no investment capital. However, the website or social platforms might ask for some investments.
Goodwill Wealth Sub Broker Commission / Revenue Sharing / Royalty
Stock Broker Commission
Stock Broker Commission
As you are heading for the Goodwill Wealth partner commission, it is different for both Remisiers and authorized partners.
The partner commission from the program is 40% – 50%, which means that per 100 rupees earned by the broker, 40 or 50% of this will be kept by the authorized person.
Similarly, the remainder will be drawn by the brand. The referral commission, is Rs 300 per account. You make a fixed commission when you bring a customer to the broker.
But as you learn the strategies and earn enough from the refer-and-earn program, you can switch to the partner program to make more.
Goodwill Wealth Business Partner ROI Details
Goodwill Wealth sub-broker returns are the next most vital thing of the whole review. However, it is unclear how much you can generate from the brand’s partner programs.
The subject depends significantly on your skills and efforts to create a customer base. Revenue from each partner is released after one month.
The date will be discussed with every partner, and everything a customer has earned in the past will be released on that specific date in the partner’s bank account.
Goodwill Partner Profits & Expenses Calculation
|No. of Active Clients||160|
|Daily Trades per Clients||3|
|Brokerage per Trade||20|
|Trading Days in 1 Month||15|
|Total Brokerage Revenue||1,44,000|
|Partner’s Share (50%)||72,000|
|1 Telecaller Cost||12,000|
|(Revenue – Expenses)||55,000|
Profits will stay uncertain. So make sure you have not been influenced by the flashy numbers of someone already partnered with Goodwill Wealth.
Goodwill Wealth Partner Profits can vary significantly from one partner to another. Again, this will depend on the customer’s persuasive power and demonstrated abilities.
The total number of clients, daily trades per client, brokerage per trade, and trading dates determine the total broker revenue generated.
Similarly, this revenue is then distributed between the partner and brand as per the ratio of revenue sharing.
You will get your profit margin flashing for whatever comes out and eliminate expenses from that.
Always aim to keep it positive. A negative margin is an indication that you have relatively more business expenses.
Master Franchise of Goodwill Wealth - Information
Commission% / Revenue Sharing
Goodwill Wealth Franchise Infrastructure Requirement
Shop / Unit Area
Research / Advisory
Trading Terminals Set-up
Computer / Internet Connectivity
Goodwill Wealth Franchise will equip its office space with the necessary furniture and arrangements for the setup.
The minimum requirement for the investment is Rs 20,000, and the maximum is Rs 30,000. However, investment isn’t mandatory at all.
It is a choice whether they would want to invest in infrastructure or they would like to simply leverage their connection or social media fan followers.
But operational expenses and fixed expenses are enduring. As such, you will need a shop or unit area of 200–300 sq ft.
Additionally, you will need a team of two telemarketers or employees. Strong computer and internet connectivity and telephone lines are also necessary.
Check out Business Opportunities with Similar Brands
Support Provided by Goodwill Wealth Partner Program
Client Interaction Training
Relationship Manager Support
Business Management Software
Becoming a Goodwill sub broker of wealth makes no sense without significant support. It will have multiple challenges.
That’s why the brand has expressly provided back-office, advisory, trading, and partial marketing support.
This is with a vision to ensure a partner doesn’t have to juggle its own business. They could start generating some good revenue from day one, which is the best practice for the broker.
In the future, if you ever encounter certain troubles that you find challenging to overcome, reach out to the executive team, and these friendly and well-mannered people will try to resolve them as quickly as possible.
Franchise of Goodwill Wealth - Marketing Support
Unit Interior & Exterior Ads
Marketing is a whole way to meet most of your expectations as a Goodwill Wealth Authorized Person.
Initially, you will have to be more expressive and promotional about yourself as you are heading to become a Goodwill Wealth sub broker.
Therefore, the broker will make sure that none of your marketing efforts go to waste. That’s why each sub-broker assists with interior and exterior ads, local advertising, and digital marketing support.
As a result, partners receive a significant push in their online businesses.
Training provided by Goodwill Wealth Sub Brokership
Product Information Training
Of course, training is also initiated for a Goodwill Wealth affiliate partner.
The purpose of this training isn’t just to provide its partners with a sustainable and effective growth solution but also because the broker wants to keep the professional workflow of its brand alive.
And the brand is proving it by providing product information training, service training, and dealer training services.
As you become one of Goodwill’s partners, you will automatically receive this training to assist you further.
Goodwill Wealth Authorised Person - Products Offered
3 in 1 Acount
Exposure or Limit
Web Trading Platform
Algo Trading Platform
The indispensable component of the discussion is still undiscussed.
The types of products offered by Goodwill to its Franchise partners will have an enormous impact on their marketing and promotional efforts.
Modern traders and investors are more innovative. They look for multiple products rather than just fewer ones to keep their portfolio expansive and diversified.
And for your general knowledge, you need to remember that the broker provides equity trading, currency trading, futures trading, commodity trading, options trading, mutual fund trading, and IPO services.
In addition to these, more exciting offers are also available for the client’s entertainment, which you can consider for an additional evaluation.
Check out Business Opportunities with Similar Brands
Franchise for Goodwill Wealth - Revenue per Customer
Franchisee Qualification required by Goodwill Wealth & Milk Franchise
Documents Required to Start Goodwill Wealth Sub Broker Program
Proprietor Aadhaar Copy
Proprietor / Business PAN Copy
Business TAN Copy
GST Registration Certificate
Proprietor / Business Address Proof
Unit / Shop Address Proof
NOC of Unit / Shop
Goodwill Partner or Affiliate Dashboard
Here is the link to Goodwill Partner Dashboard.
|Goodwill Wealth||Dashboard Link|
The dashboard is the face of your growth and losses as a GoodWill Wealth franchise partner.
You can utilize the Goodwill Wealth partner dashboard to see all ongoing activities related to your business.
As a sub-broker of Goodwill Wealth, you can watch your past performance, track your real-time performance, and predict or create targets for your future performance.
Whether a reseller or an authorized partner, each partner will first make their login ID.
Later, the partners will use this login ID to access their dashboard and all activities linked to their business profile.
Goodwill Wealth Franchise Login
Goodwill Wealth Franchise Login is just a matter of a few clicks. If you have successfully set up your email address and password, you can log in to your account using the same email address.
But if you have forgotten your login details, you can retrieve them using phone numbers or other mediums.
Goodwill Wealth Sub Broker Benefits
Now that we are at the end of the discussion, let’s take a quick recap of Goodwill Wealth’s sub-broker benefits to feel more convinced about whether or not to use Goodwill Wealth.
- Attractive commissions start at 50% on the partner program.
- Make Rs. 300 by opening one client’s account (T&C apply).
- Zero-investment opportunity
- extensive support network
- excellent marketing support
- Transparency in information
- A reputed firm since 2008
Goodwill Wealth Franchise Drawbacks
Well, the list of Goodwill Wealth franchise drawbacks is comparatively shorter, but they are still intended to protect you from making a wrong selection.
- Operational expenses and fixed expenses on franchise infrastructure and shops
- Limited marketing support
- A lesser-known booking platform
Goodwill Wealth Partner Program – Conclusion
The Goodwill Wealth Partner Program is a pioneering booking platform.
Comparatively lesser known, the platform is still a proud destination for over two lakh+ investors and traders who love Goodwill’s overall convenience and facilities.
The stock broker is physically available in more than 100 locations. While the online count of its presence is even higher.
The broking platform is progressing gradually, indicating some positive signals for joining as a sub-broker.
FAQs on the Goodwill Wealth Franchise Business
Find out FAQs on Goodwill Affiliate Partner here.
Does Goodwill Wealth have an authorized person?
Yes. Goodwill Wealth has authorized persons in its network who work as promoters of the broker.
The authorized person uses their network of clients to send money to Goodwill, which gets them a certain percentage of commission from the revenue.
How many affiliate partners does Goodwill Wealth have?
The network of franchise members or affiliate partners of Goodwill Wealth is spread among 600+ members, and the figure is about to grow in the future.
Who are the Goodwill Wealth Referral Agents?
Goodwill Wealth referral agents act as marketers or conversion tools that will convert their audience into Goodwill Wealth customers against a special commission.
How can I become a Goodwill Wealth Associate Partner?
You can become a GoodWill Wealth associate partner by simply passing the fundamental criteria for joining. You must have a rental or privately owned property.
Also, you must be 21 or older, and any significant experience in the financial market will be a plus.
How much can I earn as a Goodwill Wealth Partner or Dealership?
There’s no limitation on how much you can earn as a Goodwill Wealth partner.
From a few thousand to lakhs, most partners are already extracting some significant revenue from the business model.
Am I eligible to start a Goodwill Wealth Partnership Agency?
Your eligibility for becoming a Goodwill Wealth partner depends on age, experience, and physical or digital store availability.
If you successfully meet the eligibility criteria, you can become a partner.
Do I need to have a Goodwill Wealth Trading account?
No. Having a Goodwill Wealth Trading account isn’t mandatory. But it would be a great initiative if you first created an account for yourself to clearly understand the services a broker sells.
How much investment is needed for Goodwill Wealth’s authorized partner?
If you find it good, you can invest in your authorized partnership with Goodwill. However, the minimum investment amount is only Rs 20,000, which is optional.
But this doesn’t cover fixed and operational monthly expenses.
How can I track my earnings with Goodwill Wealth?
A partner can track their earnings with Goodwill Wealth through the dedicated dashboard, which provides every partner with a quick recap of their past, ongoing, and future trades.
Is Goodwill Wealth safe to become a partner?
Goodwill Wealth has been a well-established broker since 2008, with a network of over 600 franchise partners.
As a result, it is safe to become a Goodwill Wealth partner. The brand already serves over two lakh+ clients around the world.