In the fast-evolving world of finance and investments, businesses continually seek innovative ways to expand their reach and customer base. One such model gaining significant traction is the authorised partner business model. This model empowers individuals or businesses to act as official representatives of a company, promoting its products or services in exchange for commissions and other benefits.
An authorised partner serves as an extended arm of the primary business, operating under its brand name while helping it grow its client base. This partnership is especially popular in the financial services industry, including stock broking and investment platforms.
How the Authorised Partner Model Works
At its core, the authorised partner business model involves collaboration between a service provider (such as a brokerage firm) and a third party, who is typically an individual with some background in finance or sales. These partners are provided with tools, resources, and support to onboard clients, educate them about the services, and provide post-sales support when necessary.
Partners earn through a revenue-sharing model, which typically includes a percentage of the brokerage or fees generated by the clients they refer. The more active the referred clients are, the greater the earnings for the partner.
Mirae Asset Broker and Its Entry into the Partner Space
Mirae Asset, a globally recognized financial services firm, has made a strategic entry into this space through its digital investment platform. Acting as a Mirae Asset broker authorised partner offers individuals a chance to build a rewarding business by tapping into Mirae’s established brand and technological ecosystem.
As a part of their partner strategy, Mirae Asset offers a structured partner referral program, which allows partners to refer clients and earn commissions based on the activity of these referrals. The program is designed to be highly transparent and profitable for those who actively participate and grow their network.
Benefits of Becoming an Authorised Partner
There are several advantages to this model:
- Brand Leverage: Partners benefit from the trust and credibility of established brands like Mirae Asset.
- Low Investment, High Potential: Unlike starting a business from scratch, becoming an authorised partner requires minimal upfront investment.
- Recurring Income: Earnings are not limited to one-time commissions. As long as referred clients remain active, partners continue to earn.
- Scalability: With the right effort, partners can scale their operations, onboard sub-partners, and increase their earnings manifold.
Competition in the Online Brokerage Space
The Indian online brokerage space has become increasingly competitive with platforms like Zerodha, Groww, and Upstox leading the charge. These platforms have also introduced partner or referral models to expand their reach.
Mirae Asset Partners is a noteworthy entrant in this space, offering competitive brokerage plans and a seamless trading experience. While it faces stiff competition from the likes of Zerodha and Groww, its strong backing by Mirae Asset and focus on cost-effective investing make it a compelling option for both clients and potential partners.
Final Thoughts
The authorised partner business model is a win-win for both companies and individuals. Companies benefit from wider market outreach without the overhead of expanding their internal teams, while partners get an opportunity to earn income by leveraging the brand, tools, and infrastructure of established players.
Whether you’re looking to become a Mirae Asset broker, or simply exploring various partner referral program offered by industry leaders, the authorised partner model is a flexible and scalable business opportunity in today’s digital age.