Tweet

Is a Computer & Internet Franchise Opportunity for You?

Written by: Candice Clem

Article Overview: Before you ask yourself this question, you should ask yourself whether any franchise opportunity would be right for you. Are you the sort of entrepreneur who would succeed in a franchise setting? There are many reasons you might say “yes” to this and many reasons to explore franchise opportunities, but here are the top ten according to about.com

Is a Computer & Internet Franchise Opportunity for You?

Before you ask yourself this question, you should ask yourself whether any franchise opportunity would be right for you. Are you the sort of entrepreneur who would succeed in a franchise setting? There are many reasons you might say “yes” to this and many reasons to explore franchise opportunities, but here are the top ten according to about.com:

1. Franchising significantly decreases the amount of time it will take your business to turn a profit.

2. Franchise opportunities have a much lower failure rate than new, independent businesses.

3. Starting a franchise business does not require nearly as much time and effort as starting an independent business. This affords franchisees more time to spend with their families and more time to do the things they enjoy.

4. Franchising is federally regulated. There is a great deal of information that franchisors are required to provide to potential franchisees, so they can make an informed investment decision.

5. Franchise opportunities provide fast, easy access to financing. Some of the larger franchises even provide in-house financing.

6. Franchise opportunities include amazing training and support from the franchisor to ensure franchisees’ success.

7. There is tremendous potential for growth and expansion within the franchise system.

8. The wealth of franchise opportunities means there are many available investment levels. Some franchises only require initial investments of a few thousand dollars. This includes many franchises that offer an Internet-based business or home-based business plan.

9. The resources available to the franchisor translate into professional development opportunities for the franchisees.

10. Added benefits—such as investment incentives and a royalty-free period—are often available through a start-up franchise. Although slightly riskier than buying into an established franchise, new franchise opportunities offer franchisees the chance to help grow the business with their own creativity and innovation.


I Am Interested in Franchise Opportunities, Now What?

Now, you can ask yourself that first question again: Is a computer franchise or Internet franchise for me?

If you are interested in an Internet-based business or home-based business, the answer to this question is probably, “yes.”

A home-based business offers many unique advantages. For one thing, working from home through an Internet franchise will provide you with an average of 348 hours of extra time. This is the amount of time the average American spends commuting to and from work each year. That’s a lot of time you could spend growing your business, interacting with your family or engaging in your favorite leisure activities.

An Internet-based business that you operate from home lets you establish your own earning potential. Simply put: the harder you work, the more money you will make.

An Internet franchise requires a much smaller initial investment than a traditional franchise, and this equates to a smaller risk.

There are numerous tax advantages associated with a home-based business. For example, a percentage of your mortgage and many other household maintenance expenses can be deducted as business expenses.

Autonomy is a major selling point for starting your own Internet-based business. Of course, an Internet franchise will have guidelines for its franchisees, but essentially you’re your own boss. And since you’ll be running your business from home, feel free to show up for work in your pajamas.


Franchise Opportunities

There are so many great options available to entrepreneurs interested in an Internet franchise or other home-based business: The Advertising Consultants franchise allows you to start a home-based advertising business with an initial investment of just $25,000. American Billing Systems’ initial investment is under $15,000, but it still provides franchisees the opportunity to earn six-figure incomes operating a home-based business.

WSI is an Internet franchise that has been ranked first in its category by Entrepreneur Magazine for the past six years. They also rank 36th on Entrepreneur’s Top 500 Franchises list, ahead of well-known companies like Hilton Hotels, Snap-On Tools, Ben & Jerry’s and Gold’s Gym.

WSI has 1500+ franchisees worldwide who provide Internet consulting services for small and medium businesses using their patent-pending Lifecycle System. WSI specializes in creating exciting websites on a small-business owner’s budget. WSI franchisees evaluate the needs of their clients and provide them with Internet marketing tools to decrease costs and maximize profitability.

They are able to provide great quality work at lower costs because they pool resources and distribute costs across their network of Internet consultants. Since low-cost, great service is almost a guarantee of repeat business, WSI franchisees are able to create an ongoing source of income by forging successful client relationships.

WSI—or any Internet-based business like it—would be a great fit for any entrepreneur who is skilled at business-to-business networking and developing promotional strategies. Clients who purchase the services of this type of Internet-based business will be business owners themselves, so professionalism and expertise are essential. An entrepreneur who is enthusiastic about Internet marketing and has the spirit of a true capitalist will do quite well with an Internet, home-based business.

Related Articles
  Computer and Internet Franchises
  Internet Marketing in 2008
  Finding a Franchise Online
  Why Use a Franchise Consultant?
  Did you know: NIIT Franchise was present in Malaysia in 1997?

Article Tags: franchise opportunities, Franchise Opportunities, Franchise opportunities, Franchise opportunities, Franchise opportunities, franchise opportunities, franchise opportunities, Franchise Opportunities, franchise opportunity, home based business, home based business, Internet based business, Internet based business, Internet based business, Internet based business, Internet franchise, Internet franchise, Internet franchise, Internet franchise, Internet franchise



Related Forum Posts
Fed rate cuts . . . - So just what do the newest Fed rate cuts mean to Franchise and Business Opportunity investing? Is it immediately felt? What timeframe do you think, or rather, where are we in terms of new vs. existing business investment? A similar question can be composed for the economic stimulus checks - will they a have any effect if consumers spend a little $$
Re: Enticing Franchises - Top 9 List - All Franchise listed above are in millions of dollars. Do you have the list of Franchise in thousands
Re: Info for would be franchisers... - [quote="Sebastien":1d29sdv1]Like Franchise Times, Franchise Update is a very practical magazine. There is no blah blah, just straight facts that anyone in the franchise community can relate to. I just want to mention that all these magazines are NOT franchisee oriented. I mean these magazines are for franchise professionals. If you're looking to buy a franchise, you won't find much information in there. To answer your question, getting published in Franchise Times was fairly easy. I don't want to brag too much but I think I am known in the franchise industry. I was the marketing guy at Franchise.com for a few years before joining my new company, the World Franchising Network. So people know me and I have a very good relationship with Nancy Weingartner, the Managing Editor at Franchise Times. I was talking with her at the last Franchise Expo South in Miami and she mentioned she'd like me to be profiled. I was like "ok, sure!". I like this franchise executive profile thing in Franchise Times as it is rarely BS. People are usually really natural in there.[/quote:1d29sdv1] Thanks for the follow up Sebastien! And I can't say that I'm surprised that networking with the right people and managing your relationships with them properly are the keys to being published. I guess the old adage holds true of "it's not who you know, but who knows you" that's important.
how much for a franchise fee? - Dear Colleague There is no easy answer to this question. Things to consider: [list=] The sizeof the Franchise Clent base Expected Turnover Intellectual Property costs (recoup) Number of Franchises Number of employees Original Set up costs Franchise admin costs An example: A franchise that I was involved in setting was to a simple "lawn mowing/home repair" franchise. The Franchise included national/local advertising - preparation of client lists - general admin - central accounting etc The Franchise involved 300-500 clients - and an annual turnover of about $300,000 . The annual franchise fee was $30,000. Hope that this gives you some idea Take care Ian[/list]
Re: Franchise Surveys - Another good tool to researching a franchise is to speak with their existing franchisees. This contact information is included in most Franchise Disclosure Documents. In order to get a Franchise Disclosure Document or FDD as it is often referred to, you will have to complete a basic franchise application. The franchisor will then usually provide you with the FDD at that time. Included in that book of information is a list of the existing franchisees, the contract, the investment information etc... This information is required by Federal Law to be disclosed to your prior to making a purchase. So be sure to do your research and start with the Franchise Documents to get the initial information.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Looking for an Easy Online Business Opportunity?

The Importance of Master Data Management (MDM)

Time management for DIY PR

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.