Way2wealth Franchise

Way2Wealth Franchise business is an old name in broking field. It offers a wide range of services to its clients and business partners. It offers two models of business partnership with different schemes of security deposits.

Let’s talk at length about the different business models, associated costings, revenue sharing set-up, eligibility criteria, positives and negatives. Hopefully, with this review, you will be able to decide whether you’d like to go ahead with a business partnership with Way2Wealth franchise.

Way2wealth Franchise Review

Way2Wealth is a stockbroking firm based in Bangaluru and is a part of the Coffee Day group started in the year 1984. The company offers a wide range of products to their partners and clients.

They serve their customer relationship through a team of over 1000 wealth managers across 573 outlets in almost all majors cities and townships.

Way2Wealth provides research reports and recommendation tips to clients across multiple trading and investment products.

Way2wealth franchise is available in all the regions of India i.e. Southern, Western, Northern, Eastern, and Central. It gives services to the clients and the business partners in the following segments.

• Equity
• Commodity
• Currency
• Insurance
• Mutual Funds
• Derivatives
• Portfolio management services
• Loans

Furthermore, Way2wealth is a member of NSE, BSE, MCX-SX, NSDL, CDSL, and SEBI. In this way, the broker allows its partners and clients to trade in different segments and exchanges.

Way2wealth Franchise Business Models

The broker offers two types of business model.

• Sit-In-Franchise (SIL) model
• Master Franchise model

What do these business models imply and which one suits you more? Let’s find out…

Sit-In-Franchise (SIL) Model:

Sit-In-Franchise model supports those clients who want to start their own business with the Way2wealth without any infrastructure expense. In this model, a business partner can sit within the main broker office and work from there. A partner can start a business with low-cost capital under this model.

This model fits those who want his/her own business with low investment. They will get office space within the Way2wealth office.

The partner can offer an entire range of products to their clients. The main broker will provide desk, landline, Computer with trading terminal etc. to the business partner. You will get Marketing Fliers as a start-up kit. Customer service will be provided by local branches under this model of business partnership.

Master Franchise Model:

The Master Franchise model is the second model offered by the Way2wealth. This model is ideal for existing franchisees and entrepreneurs who want to start their own business on a large scale.

They are required to set up their own office with an area range of 200-300 Sq.ft.

A business partner who wants to start a business under this model will have to make an initial investment in the range of ₹2,00,000- ₹3,00,000.

A business partner can offer the entire range of products to their clients. You will have to arrange a computer, printer, scanner and land-line with voice Logger within your office. You will get a Glow sign, Visiting cards, Marketing materials within a start-up kit.

Your client queries will be solved through the centralized service desk.

Way2wealth Franchise Revenue Sharing

As we know that the revenue sharing ratio of any broker depends on various factors like an initial investment by the partner, brokerage generated by clients, and if any risk associated with any business partnership model. We are going to discuss the revenue sharing ratio of Way2wealth’s business model.

Sit-In-Franchise (SIF) model:

The revenue sharing ratio under this model is 10%-30%. The partner will get up to 30% of the revenue generated by their clients, while up to 90% will be kept by the Way2wealth.

As the business partner under this model is required to deposit low-security money, no requirement to set up own office. So, this ratio of revenue sharing is justified.

Master franchise model:
The revenue sharing ratio under this model is 40%-70%.

It means most of the parts of revenue generated by the business partner will be kept by them and Way2wealth will keep a low share of revenue generated i.e. up to 30% will be kept by the main broker.

Way2wealth Franchise Security Deposit

Most of the brokers would require that you deposit an initial security amount with the broker (its refundable in nature). This amount varies from one broker to another, the business model you pick.

There could be a few other factors involved as far as the deposit amount is concerned.

Sit-In-Franchise (SIF) model:

If you want to start a business under Sit-In-Franchise model you are required to deposit ₹50,000 as an initial investment or security deposit. The initial investment includes office furniture and types of equipment including the franchise fee.

Master Franchise model:

The initial investment under master franchise model ranges between ₹2,00,000 – ₹3,00,000. The range of deposit money is high under this model because it is a large scale business and there is a risk that the franchise may delay in any required money. In that case, the amount will be deducted from the security deposit.

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Way2wealth Franchise: Pros and Cons

Here are some advantages and concerns of setting up a business partnership with the different models of Way2wealth franchise:

Sit-In-Franchise (SIF):

Pros:

• Low initial investment.
• No need to set up an office.

Cons:

• Business partner’s revenue sharing can be increased.

Master Franchise:

Pros:

• Attractive revenue sharing ratio.
• A wide range of product to offer.

Cons:

• The range of initial investment is high.

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Way2wealth Franchise Support

Way2wealth gives following offers to the sub-broker to attract them to do business with themselves.

• The broker offers a wide range of products to the franchise.
• Research and advisory support are provided to the business partners to support their clients in trading.
• Marketing and field support is provided for advertisement of the franchise.
• Centralized, as well as the local branch customer service, is provided by the broker.
• The basic infrastructure support like telephone, computer with the trading terminal is provided to start the business.

Way2wealth Franchise Registration

• Fill the registration form available on the website with the basic information. You can do so by filling this form as well:

• Attend a call by the sales executive to confirm your interest.
• An appointment will be fixed with the firm’s executive for a detailed discussion about the model type and related information.
• You will be asked to submit required documents for verification.
• After verification, an account ID will be provided.

The whole process will take almost 6-8 business days to complete.

Way2wealth Franchise Benefits

If you start a partnership business with the Way2wealth you will get many advantages which will be helpful in running your business. Here are some of the advantages:

• The broker offers a wide range of services to its clients and business partners. You have an opportunity to choose the trading segment as per your choice.
• The branches of the broker spread all over the country. So, you will get a good chance of getting offline service wherever you want.
• Research quality provided by the broker is reasonable. Business partners and clients can use research and analysis reports for smooth and profitable trading.
• As the broker is a very old player in the broking market. It will be easy for you to acquire clients for your business without giving much information about the company.
• Way2wealth provides assistance in your office and other infrastructure set-ups.
• You will get assistance from the Way2wealth team in the marketing of your business and client acquisition also.

Way2wealth Franchise Summary

Way2wealth is an old player in the broking market so well known among the financial market player. It provides almost all trading products to the clients and business partners. It offers two business models with different initial investment amount.

The revenue sharing ratio is also good. So overall, Way2wealth is a good option for those who want to start a partnership business in broking field.

In case you are looking to partner with Way2wealth, let us assist you in taking things forward with the formalities.