How to open an exchange
Video: Launch a cryptocurrency exchange with ZERO coding! 2024, July
Opening an exchange will be quite a profitable business, according to market participants. However, all this business remains relevant in only one specific direction: if you work with stocks and securities.
You will need
- - Leased premises;
- - brokers;
- - personal bank account;
- - notarized documents.
Instruction manual
1
Determine the type of your exchange. Today it is better to open a company based on a sub-broker. This is an organization that operates under the leadership of other well-known economic structures. This allows you to minimize risk and reduce the cost of implementing your business ideas and increase the profitability of the business.
2
Register the company as a legal entity. Next, contact the appropriate authorities for a license that gives you the right to conduct your business.
3
Hire the necessary staff. It is better if you already know professional people working in the field of stock sales. You will not need a lot of brokers at the beginning, just a few people who know their business are enough.
4
Choose and rent a room in accordance with the state, preferably divided into zones, one of which will become an office for company employees, and the other will be a reception room for communicating with customers. The main means necessary for normal operation will be a telephone and a computer with high-speed wireless Internet. Be sure to install all this in your office.
5
Get advertising finances. The parent company that will represent your organization can provide them. So, an additional advantage of starting a business as an exchange sub-broker is the convenience of maintaining the costs of promotion, which will be carried out by a financial organization that has taken you under the wing. In the future, the advertising budget can be divided in the proportion of 50/50.
6
Choose the right target audience. It is not difficult to do this if you can competently build your own strategy. For example, advertising is best given first on broadcast channels that are popular among young people as well as middle-aged people.
note
Opening a regional exchange office, you should not spend money on advertising on the Internet. In this case, this will have little effect and therefore become a waste of money.
