Who is a Zerodha AP, Zerodha Associate Partner?

Zerodha Associate Partners are people who sign up to be a part of Zerodha’s marketing team. Associate Partners solicit clients to start trading or Investing in India through Zerodha. For the clients referred, Zerodha will pay you a percentage as commission for the revenue generated through your referred client.

How much does Zerodha AP’s get paid referral commission?

The Zerodha Referral Commission slab starts at 20 percentage of the brokerage revenue generated. The slabs allotted to you on the amount of brokerage revenue you generate for Zerodha. The more brokerage revenue you generate, the more percentage of commission you earn. The Commission slab can go up from 20percentage to more than 50 percentage the total revenue generated from your referred clients in the years to come.

Do I get paid referral commission for the Small case and Coin Investments by my referred client?

Referral commissions are paid out only if your referred client pays brokerage (not including any fixed monthly brokerage structure or Demat charges). Small Case is a Brokerage Free Delivery trade for Zerodha. The Small case charges you pay goes to a third company. The logic behind MF Platforms like coin is to cut out the middlemen, so no commission on that either

How to Sign Up as Zerodha Associate Partner?

Majority of the Zerodha Associated Partners are signed up by invitation to join. If you are currently making an impact on YouTube or on your blog. Zerodha will zero you in and request you to sign up. If you are not invited, you can still sign up if you contact the Zerodha Marketing team on 080 4040 2020.

What documents are required to sign up as a Zerodha Associate Partner?

Signing up as Zerodha Associate Partner is a legally binding contract and a position that needs to be taken with pride.

It comes with responsibilities and requires you to follow a dutiful code of conduct.

Your behaviour in the community now represents Zerodha’s reputation, Goodwill and trust of people deciding to invest through Zerodha.

At the time of Signing Up, you are requested to send a copy of your Government issued identity card, your bank statement and digitally sign up to their terms and conditions.

This is not a role that you can sign up, scam the investors with Zerodha’s AP title and then go on the run.

How easy is it to sign up as a Zerodha Associate partner?

If you can furnish copies of the above documents, it is very easy to sign up as a Zerodha Associate partner at the moment.

The AP account gets activated in a couple of days. Anyone can easily sign up.

In the coming years, there is a good chance Zerodha will start profiling who they sign up or dismiss underperforming AP’s. So, If you are really dedicated to what you do, book your tickets before the train gets full.

Should you sign up as a Zerodha Associate Partner?

If you are confident of generating sufficient leads through social media, you should go for it. However, if you are only planning to make your unsuspecting daddy, mummy, aunties, uncles and friends referred and earn a cut on their expense, it might not work out.

To see how much you can perform as a Zerodha Associate Partner, you can start with regular referral links.

You can generate your own 10 percentage referral link here: https://zerodha.com/associates

Do you earn Zerodha Referral commission for every client you refer and open Account?

The referral commission is paid only on the brokerage revenue generated. Referral commission is not paid on demat charges, account opening fees, investing etc . If you are willing to ride your scooter up and down the country to collect new sign up forms, you get paid 100 Rupees extra for that.

To earn money from Zerodha referral commission, you need to sign up active day traders. The richer your referred client, the more chance of you tapping into their wealth.

How Much can a Zerodha Associate Partners earn through commission?

An entry level AP with 5 – 10 YouTube videos can see the referral commission of 1000+ a month after the first 3 months.

Like any other Multi-Level Marketing, the AP’s who signed up first will be the people who had benefited more from such schemes. They had the opportunity to supply to a wider audience and rich pockets when the number of AP’s were less. Top level AP’s are currently earning more than 1,00,000 + a month in referral brokerage commission.

The latest Stock Market GURU’s that appeared on YouTube in less than 2 years are earning between 5-20k a month.

What are the challenges as an Associate Partners?

The CHURN rate for Brokerage business is very high, so it does not matter how many day traders you sign up, 80 percentage of them will quit in 90 days. Your challenge will be to sign up as many new daytraders as possible.

To build a sustainable income out of this, you need to keep your Referral Rate higher than your Churn rate. If not you will eventually lose interest as an Associate Partner.

What is the future of Brokerage Associate Partners in India?

Recently in India, year on year majority of the brokers are going brokerage free for daytrading or shifting to fixed brokerage structure.

Eventually, all the existing brokers will be forced by market economics to stop charging brokerage and continue to provide their service for free.

The brokers will continue to exist by adopting fixed revenue models. No brokerage charged, No referral commission paid to Associate Partners.

“Nothing ventured, Nothing gained” Good Luck.