An important thing to consider when looking into a franchise opportunity is how technologically savvy the franchisor is. Of course this will depend in the industry and the type of business, but there are some standard things that all franchisors should be able to provide their franchisees:
A professional website
Research indicates that 51% of consumers find out about products and services online before they buy, so your brand needs to have a website that can capture this market. It needs to look professional and match your branding and be regularly updated with the latest information. It also needs to be technologically up-to-date, user-friendly and functional so customers can do more than just read sales spiels about your products (educational articles, case studies, free whitepapers, competitions etc.). If the franchise doesn’t have a good website, it could cost you customers.
An online knowledge base
Some franchisors may call it something different, but an online knowledge base is just a place where information and resources for franchisees are stored. For example, a secure location on the franchisor’s website where things like product manuals, sales guides and marketing templates are available for franchisees to download any time they need them. This type of system is probably only being used by the most technologically advanced franchisors, but every franchisor should at least have important information and documents in electronic form that franchisees can access easily.
Streamlined online systems
The Internet has advanced to a level where it is so much more than plain brochure websites. Franchisors can now have their entire business system operating using online software so franchisees can log in and access everything they need, such as quoting, inventory management, customer management, invoicing, point of sale, support, communication with head office and marketing. Systems like this will vary greatly from franchise to franchise, but the common features should be that they are online, user-friendly and streamlined – so instead of getting bogged down in paperwork and long-winded internal processes, you can focus on doing what makes you money.
Email marketing software
Staying in touch with your clients is essential, but it can be time-consuming and costly, so it sometimes drops to the bottom of a franchisee’s to-do list. However, if your franchisor provides you with an email marketing system, you can quickly and easily communicate with your database of contacts – send them everything from monthly newsletters and special offers through to feedback surveys and birthday ecards, all with the click of a button. In the most functional systems, you can even automate emails, like welcome letters and payment reminders so you can set and forget. Email marketing builds relationships, increases loyalty and gets customers to buy more from you, and the return on investment is far higher than other forms of marketing. Your franchisor should be able to offer you software like this and also provide templates and content.
All the hardware you need
In today’s business world you will almost definitely need a laptop computer, mobile phone and a PDA to run your business. In most cases, these things and all the other hardware you need for your business will be included in your franchise fee. If it’s not, the franchisor should at least be able to help you source and set up the right computers, networks, phones and other equipment. In order to provide great service to your clients and run your business effectively, you will need the latest technology and this is definitely something you should expect from your franchisor.
The way that a franchisor utilises technology can be a good indicator of their adaptability, acceptance of change and even their potential for future growth - if they have a website from the dark ages and are still doing everything on paper, they are way behind the times and their franchisees will miss out on all the benefits of new technology.
So make sure you factor technology into your research when you are looking at a franchise system. The topics above are just general guideline and definitely won’t apply to all franchise systems, but they are a good starting point for your research.
What technology should you expect from a franchisor? - To learn more about this author, visit James Greig's Website.
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James Greig
(Visit James's Website)
James Greig is Managing Director of
Australia's best online franchise
directory, w
ww.AustralianFranchises.com.au. This
site brings together franchisors and
potential franchisees - franchisors can
advertise their business opportunities and
share news about their company, and
potential franchisees can browse
franchises for sale and read advice
articles from franchising experts. If
you're selling or buying a franchise in
Australia, you need to check out w
ww.AustralianFranchises.com.au.
James is also the Managing Director of
Bloomtools, a website development and
Internet marketing franchise that is
seeking passionate people who want to own
their own web empire. Find out more about
Bloomtools at www.bloomto
ols.com.au.
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