When it comes to reaching prospective franchisees, the internet and social media provide a wealth of opportunities for franchisors and other businesses to engage with customers or prospects. However, the number of digital franchise marketing options and information available can be overwhelming even for the most seasoned franchisor or tech-savvy businessperson, especially when integrating franchise […]
08
Nov
Nov
As the franchise industry continues to experience another year of strong growth, franchising continues to permeate every community and almost every industry in the world. While research shows that interest in franchising remains at an all-time high, many franchisors continue to “stay single” — that is to say that they focus on attracting single unit […]
04
Oct
Oct
When developing a franchise system, it is crucial to engage potential franchisees by maintaining regular and consistent contact. This is how you qualify incoming leads and turn them into warm prospects. However, inboxes can become graveyards for mass franchise emails as prospective franchisees are likely pursuing multiple franchise opportunities. Therefore, it is crucial that you […]
19
Apr
Apr
How to Find the Money You Need “How much does it cost to start a franchise?” is one of the most frequently asked questions by prospective franchisees. But the answer—as it rarely is—isn’t as easy as the question. General Franchise Opening Costs Note: While these costs below are common, they may not apply to every franchise […]
11
Apr
Apr
To ensure that franchises are giving prospective franchisees the proper amount of information needed to make an educated decision, the agency mandates that a Franchise Disclosure Document (FDD) be provided to the prospective franchisee no later than 14 days before any binding documents are signed. (The 14-day period begins with the signing of a formal […]
06
Apr
Apr
The Key Differences You Should Know Business opportunities (aka biz opps) and franchises are two ways to start a business without having to start from scratch. While they are similar, and have many overlapping features, they have differences that must be acknowledged. Figuring out which kind of entrepreneurial venture is right for your personal needs and […]
25
Mar
Mar
An Overview of the Major Franchise Buying Stages Opening your own franchise business is a BIG step for those who choose the venture—and it can be somewhat intimidating. The infographic below gives anyone taking on the challenge and adventure that comes with opening a franchise business a step-by-step overview of the major stages along the […]
08
Mar
Mar
Tips for Finding Your Financial Franchise Fit Even though there’s not a single way to determine a profitable franchise, the most successful do have a few things in common. The most profitable franchises typically: Have strong, efficient processes and procedures that can be replicated across all of its locations so customers have an idea of […]
08
Feb
Feb
What are the Advantages to Being a Franchisee? It’s no surprise that many people considering opening a business of their own turn to franchising as there are a number of advantages to joining this industry. The main benefit of becoming a franchisee is that the business will have an established product or service. In franchising, someone […]
08
Jan
Jan
Learn the Basics of This Popular Business Method You’ve seen the slogans: “Be in business for yourself, but not by yourself.” “When you succeed, we succeed.” “We’ve been successfully putting people like you in business for 16 years!” “Be your own boss; we’ll help you get there.” You want to run a business and have […]
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