Espresso managed to grow to a client tally of over 97,000 within the first two years of its launch. And the biggest reason for deriving momentum for Espresso is the Espresso Partner.
While building a multi-figure revenue stream for themselves, these partners are helping the broking firm to scale exponentially.
But what exactly has been encouraging these partners to promote Espresso more? Should you also be a partner with Espresso? Learn through the detailed summary and ratings of Espresso.
| Espresso Franchise Ratings | |
| Criteria | Ratings |
| Experience | 7.0/10 |
| Market Share | 8.5/10 |
| Products & Services | 8.0/10 |
| Revenue Sharing | 8.0/10 |
| Holistic Support | 7.5/10 |
| Overall Ratings | 7.8/10 |
| Star Ratings | ★★★★★ |
What do you know about Espresso Franchise?
Espresso – Sharekhan launched the discounted broking platform in September 2020 to compete with some emerging online brokers, e.g., Upstox and Zerodha, which have grown quite competitive in the market.
But since Espresso is backed by the 8th largest full-service Broker in India, it didn’t take too long to flourish. Thanks to its franchise program.
The discounted Broker scaled through a large network of affiliate partners. Each of these is drawing a consistent commission from the revenue generated by the co-effort of both partners and Espresso.
To ensure Espresso Sub Broker can profit from the partner program or franchise, the broking firm only makes certain offers available to these partners’ customers.
Simultaneously, this encourages the partner’s customer to act and become one of Espresso’s permanent users. In the end, a profitable opportunity is visible for the joiner. Discussing ahead the types of franchises offered by Espresso.
| Espresso Business Partner Overview | |
| Here is the overview of the Espresso Franchise | |
| Company Type | Private Limited |
| Broker Type | Discount Broker |
| Headquarters | Mumbai, India |
| Founder | R Kalyanaraman Iyer |
| Established Year | 2021 |
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What are the various Business Models that Espresso Sub Broker Program provides?
Presently, there’s only an Espresso Franchise program for aspiring joiners to get satisfied with – the affiliate program.
Like most other online discounted brokers, e.g., grow, Zerodha, and Upstox, Espresso also focuses more on building its online customer base through affiliate partners.
The process of the program involves simply referring a client to the Espresso platform through a unique link generated for each unique partner of Espresso.
The link is traceable, and this specific segment entirely decides a partner’s earnings from the program. One can make a commission on each Action taken by a referred client at Espresso. Adding to it, there’s no limit on the total revenue a partner can generate.
Espresso Sub Broker Or Espresso Partner & Benefits
There are some notable benefits that only an Espresso Partner can access. Such as an independent franchise advisor for thorough advice to the partner on how to proceed and grow with Espresso.
The Broker also promises higher earning potential ( but it depends on the partner’s capabilities too). The Broker even promises a timely monthly payment to ensure partners don’t face any difficulty regarding payments.
Another noteworthy benefit is that it is a zero-investment business opportunity. The Broker runs only a single partner program – the affiliate program, which requires you to own a digital platform where the generated affiliate link could be placed.
You can generate revenue for a lifetime once someone uses the link to create an account at Espresso.
How does Espresso Sub Broker Revenue Sharing work?
It’s time to break down the most important topic in simple words. Being an Espresso Sub Broker, one can earn the highest payout of up to ₹750 per Action.
The Broker runs an affiliate program alone, and revenue to a partner is decided on the CPA (Cost Per Action) business model.
Such as each time a person clicks on the unique affiliate link (which you will get from Espresso to place on your platform), an average earning of ₹20.68 per click will be secured.
Depending on the type of clients, the commission is subject to change. However, much info regarding revenue figures is yet to arrive.
| Espresso Sub Broker Revenue Sharing | |
| Find the details of its Sub Broker Commission for all Business Models | |
| What is the revenue sharing for Sub Broker program? | 50%-70% |
| Do they provide revenue sharing or direct pay for Referral Program? | NA |
| How much is the revenue sharing Master Franchise business? | NA |
| How much is the revenue sharing required for Partner / Remisier model? | NA |
Know about Revenue Sharing of other Sub Broker Franchise
What is the Espresso Business Partner Security Deposit requirement?
It takes nothing to get started as an Espresso business partner. It is for this reason that Espresso doesn’t run a franchise business program.
The Broker only runs a single CPA business model, aka an affiliate program in which setting up an office or minimum investment amount isn’t required.
Also, there’s no registration fee; it’s free to become an affiliate partner of the Broker. However, this doesn’t cover your website or online portfolio; their cost is subject to the aspiring partner’s personal choice or business.
Infrastructure Investment by Espresso Sub Brokers / Authorized Person
Infrastructure investment isn’t required as Espresso doesn’t run any kind of business model in which you are required to take a property on lease or purchase a brand new one.
Also, you don’t need to make an upfront fee or minimum deposit to qualify as an Espresso Authorised Person.
Instead, anything like an authorized person doesn’t exist in the partner program. The Broker runs a single – affiliate or CPA – program in which you are only asked to establish strong digital footprints and focus on the online conversion of customers as much as possible.
| Espresso Franchise Security Deposit | |
| Check the Espresso Franchise cost requirement for each business model | |
| How much is security deposit required for Sub Broker Program? | Zero |
| Is there any security deposit required for Referral Program? | NA |
| What is the initial investment required for Master Franchise Model? | NA |
| What is the deposit required for Partner / Remisier Model? | NA |
What are the various Offers rolled out by Espresso Authorised Person Program?
One of the most remarkable Espresso offers which are likely to attract more clients for you is that customers can be attracted through free baits.
It is a special offer exclusively accessible to an affiliate partner with the support they can attract more-n-more customers.
Other benefits to the partner’s customers are – Zero delivery brokerage, Zero brokerage on loss-making trades, 30% off on the trade booster program, and so on.
| Espresso Sub Broker Offers | |
| Here is the list of Espresso Franchise offers available to the clients | |
| Do they provide Flexible Revenue Sharing offer? | Yes |
| Are they providing Flat Revenue Sharing offer? | No |
| Do they offer Zero Revenue Sharing model with Prepaid payment? | No |
| Do they provide Zero Deposit scheme? | No |
| Are they offering 10k Initial Deposit scheme? | Yes |
Check out the various offers of other Sub Broker Providers
Espresso Franchise Eligibility Criteria
You can become an Espresso Partner by qualifying the eligibility criteria, which covers the basics only. Here are the things it takes to become eligible –
- Applicant must be 18+
- He/she must have an online portfolio
- Previous business experiences (optional)
- Valid ID Proof and that’s it
Espresso Sub Broker Support / Advisory
Espresso Sub Broker access dedicated support from Espresso. Simply put, an independent financial advisor is offered for the assistance of each person interacting as an Espresso partner with the team.
However, support is mostly served through the digital terminals, keeping a partner updated about his latest affiliate performances.
How to become an Espresso Partner or Sub Broker?
Since Espresso Franchise isn’t officially available right, you can only become an affiliate partner of the Broker now. All you need is dedication, a legal age, and decent experience on how to convert an audience into a customer.
After all, your earnings come from the CPA business model. You will make it only once.
Presently, there’s only an Espresso Franchise program for aspiring joiners to get satisfied with – the affiliate program.
Like most other online discounted brokers, e.g., grow, Zerodha, and Upstox, Espresso also focuses more on building its online customer base through affiliate partners.
Documents required to become Espresso Partner
People wishing to become Espresso Partners need not bring a hefty list of documents. Simply reach out the Espresso and drop your request through the partner program’s portal. Things that the Broker can ask are
- Your Adhaar Card/Voter ID card/Driving License or Nothing
Why Partner with Espresso?
Espresso – Sharekhan launched the discounted broking platform in September 2020 to compete with some emerging online brokers, e.g., Upstox and Zerodha, which have grown quite competitive in the market.
But since Espresso is backed by the 8th largest full-service Broker in India, it didn’t take too long to flourish. Thanks to its franchise program.
Espresso Sub Broker or affiliate partner can access a passive income stream by partnering with Espresso broker. Simply let the Espresso create your unique link to pass on to friends and clients, and paste it across multiple eligible online portfolios you expect maximum conversion through.
Leave it and benefit from timely monthly payments and payouts of up to Rs 750 per click from a single client.
Find out the basic requirements of other Stock Broking Franchise
Espresso Franchise – Pros & Cons
Here’s a quick recap of the pros and cons we have found in the Espresso Business Partner program. It helps you know whether your decision to be one of Espresso’s arms is good or bad. Take a look
Pros
- Passive income source
- Easy to join
- Backed by India’s 8th biggest Broker
- Free offers
- No investment
- No office set up
Cons
- Reduced earning potential
- Less popular now
- Doesn’t have more good alternatives
Espresso Franchise Registration
It’s time to break down the step-by-step procedure of becoming an Espresso Authorised Person.
- To apply for the franchise at Espresso, you need to follow a few basic steps, which are as follows.
- New joiners need to fill up a form regarding the partner program and submit it to the broker hereafter (only email id or contact details may be asked)
- After that, a representative from Expresso will get in touch with you
- A unique referral link is generated for the applicant upon verification
Further formalities are completed, and you will be ready to start a side-hustle
Earning potential of an Espresso Partner / ROI
It is hard to commence without knowing the exact figures you will make in the profits. So let’s make it easy for you.
The Broker uses a CPA (Cost-per-Click) business model in which you make income each time a client lands the Espresso platform by clicking the unique link provided to you by the Broker.
The earnings depend more on the quality of clients. If the client brings huge investment capital with them, you simultaneously get to make more from the Broker.
Espresso Franchise Referral Program
Simply refer the Espresso to your family and friend and insist they on opening a trading or Demat account with the Broker. You make a commission each time a referral client acts on your guidance and clicks on the referral link.
The more clients an Espresso Partner brings in, the more revenue a partner generates from the Espresso.
Brokerage Charges levied on the clients of Espresso Partners
Espresso has different levels of brokerage charges dependent upon the type of trading and the products. And in case of loss, Zero Brokerage is charged by the entity.
- Equity Delivery Trading, Espresso charges 0.1% or Rs 20 for every margin order (whichever is lower)
- For Equity Intraday Trading, Equity Options Trading, Currency Options Trading, and Commodity Options, the charges are set as 0.03% or Rs 20 per order (whichever is lower)
- In the case of Equity Futures Trading, Currency Futures Trading, and Commodity Futures Flat Rs 20 per order is charged
| Segment | Charges |
| Equity Delivery Trading | Zero brokerage for full cash-and-carry orders | 0.1% or Rs 20 for every margin order (whichever is lower) |
| Equity Intraday Trading | 0.03% or Rs 20 per order (whichever is lower) or else Zero brokerage on square-off orders in case of loss |
| Equity Futures Trading | Flat Rs 20 per order or Zero brokerage on square-off orders in case of loss |
| Equity Options Trading | 0.03% or Rs 20 per order (whichever is lower) or else Zero brokerage on square-off orders in case of loss |
| Currency Futures Trading | Flat Rs 20 per order or Zero brokerage on square-off orders in case of loss |
| Currency Options Trading | 0.03% or Rs 20 per order (whichever is lower) or else Zero brokerage on square-off orders in case of loss |
| Commodity Futures | Flat Rs 20 per order or Zero brokerage on square-off orders in case of loss |
| Commodity Options | 0.03% or Rs 20 per order (whichever is lower) or else Zero brokerage on square-off orders in case of loss |
What are the Account Opening Charges Levied to the clients of Espresso Sub Broker?
The biggest factor which has long been supposed to be the biggest profit trimmer and tends to make it tough to attract even a single client is, the account opening charges.
But as an Espresso Sub Broker or partner, you are completely free from such worriment.
You don’t need to pay any charges to partner with the Broker, nor are your customers required to pay for the account opening. The Broker has kept such services free.
Since Espresso by Sharekhan is new in the territory, free services are currently on offer. To benefit from the opportunity now.
| Espresso Demat Account Opening Fees | |
| Trading Charges [One Time] | Rs.0 |
| Trading AMC [Yearly] | Rs.0 |
| Demat Charges [One Time] | Rs.0 |
| Demat AMC [Yearly] | Rs 400 / year + GST |
| Margin Money | Not required |
Espresso Authorised Person – Products Offered
Even though you can’t acquire Espresso Franchise, you are still free to promote or attract the audience through the product that Espresso makes available to its users. Offered products are –
- Commodity Trading
- Currency Trading
- Equity Trading
- Mutual Funds
- Banking
- Options
- Futures
- Forex
- SIP
Espresso Authorized Person Testimonials
The discounted booking platform was launched by Espresso back in 2020 and so far has gained tremendous growth. You can find a list of Espresso Partners today, and some of the notable names are here in the article.
Each of these people shares their experience of how it feels as a partner of Espresso.
Espresso Business Associate Conclusion
Espresso Sub Broker is a partner program of Espresso where the entity allows individuals to realize their earning potential through the stock market. They can offer numerous products to their clientele and help them earn.
The cost of investments with Espresso Franchise is economical and they offer full support in setting up the business and further maintaining it.
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