Sports photography franchises
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Sports photography franchises
Setting up a sports photography franchise could be a great way of combining a hobby with a business, especially as demand for event coverage continues to increase.
Sport is a large and lucrative industry and could provide great profits for someone willing to invest time and money into a new venture. However, developing a successful sports photography franchise will require a large degree of flexibility, with events taking place throughout the country and often during weekends.
The growing interest in digital photography also means that some IT knowledge would be required to ensure photographs can be supplied in a wide range of formats. Yet, this also means that there is a wide range of exciting opportunities for those keen to develop further after-sales services including reprints and supplying merchandising products.
It is also important to remember that there could be fairly significant set-up costs involved in establishing a sports photography franchise, even though a permanent retail outlet is not necessarily needed. The price of professional photographic and processing equipment can quickly mount up. A reliable vehicle is also needed in order to attend sporting events and ferry equipment around.
Some experience of photography would be beneficial but the majority of franchises will provide extensive know-how and the training necessary to run your own successful business as well as providing initial consumable stocks. Some franchise providers will also offer ongoing training to ensure that photographic and business skills remain up-to-date and focused on customer needs.
Opting for a well-known franchise also means that there is the added support of a high-profile brand name to help ensure initial bookings and client interest. However, without sufficient research even the most well-established branding may not result in a successful opportunity and the value of the original investment could diminish.
Anyone planning to invest in a franchise is reminded to ensure they do adequate market research and fully examine their long-term business plans to ensure that they will be able to see a strong profit on their initial investment.
In particular, it is crucial to establish what geographical area will be covered by each franchisee. There should also be ensured that that there is not an overlap as this could undermine overall competitiveness and reduce potential profit. At the same time, it is vital to be clear on what costs are associated with a franchise purchase and whether any further charges are due in the long-term.
Copyright Adfero 2006
Sports photography franchises - To learn more about this author, visit Diarmuid Kieran's Website.
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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