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What to look for when considering an internet franchise business, and other business model options.
| Guest post by: Guy Luminato |
Article Overview: Entrepreneurs considering buying a internet business should compare a franchise with a new business model that is extremely lucrative for a fraction of the investment cost.
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Free Download - The Best Home Based Business Opportunity By Guy Luminato |
What to look for when considering an internet franchise business, and other business model options.
Entrepreneurs considering buying a internet business should compare
a franchise business with a new business model that is extremely
lucrative for a fraction of the investment cost.
There are
many franchise opportunities out there, and it can be confusing for
anyone who is searching for a lucrative, simple business that will give
them great results. The internet is an obvious place of growth, and
entrepreneurs should look at it as a new vehicle that remains untapped.
There
is no business on the planet that can guarantee you will make the
income potential available in a particular business model. Each
business owner is responsible for their outcome, and the success of
their business. You have to take the structure of the business and do
exactly as recommended in the guidelines to achieve a successful
profit.
With the age of the internet, there is a new business
model that most people don't know about. It is not a franchise, yet it
has a system in place that a business owner can follow to have a
immediate results. This business model allows you to tap into 1.5
billion people on the net. It is not limited to working on a local
scale like most franchise opportunities. It allows you to work from
your home office or anywhere else that you have online access.
Like
franchise opportunities, this business model has financing solutions
for the low-cost investment. In this economy, it is common for people
to need financial help to start a business. Unlike a typical franchise,
the costs of this new business model is less than buying most used or
new cars. You do not need to invest everything you own to start this
business.
This business model also has an elite community for
support and ongoing training. This training is extensive and covers
everything you will need to learn to market your business really well.
Your business success is based solely on your ability to market, and
therefore the number one thing you will spend your time learning. We
personally mentor our business partners, and help them get up to speed
with their online business in a short amount of time.
In
addition, you will have personal access to million dollar mentors so
that you too can do exactly as they do to achieve the income you
desire. You will be able to model your business exactly as theirs. You
will be proud of the product and service you market, and happy to be
associated with this group.
Franchise business support covers
learning day to day operations including marketing, and a process that
is usually related to a service or skill. The franchise owner will
spend a good portion of their time learning the new business, with
little time to work on how to market their business. Successful
marketing is essential to any profitable business, and should not be
under estimated.
Let's not forget profits. This new business
model has profit margins up to 75% which allows a quick return on
investment. Entrepreneurs who take their business seriously could see a
return on investment in the first 90 days. Most franchise businesses
require four to five years to see any return. Starting a franchise, or
any other brick and mortar business will take more time to see
profitability, and will require patience.
Success can be seen
in both business models. You have to decide if you would like to have a
lower investment, and have quicker results, with a business model that
allows you to work from anywhere you choose, or if you like the
structure of a local franchise that would require you to be on site
with more overhead, a bigger investment and slower ROI.
The
internet is here to stay, will you maximize your business, and leverage
your time? You have to make a decision based on what would be the best
for you and your family. We opted for a business model that would allow
us freedom to be with our family and have never looked back.
What is the best Franchise?
How to Finance Your Franchise Business Opportunity
Reselling Your Franchise
Franchises Versus Licensed Business Opportunities
Finding a Franchise Online
Referred by: http://jaykubassek.com
|
About the Author: Guy Luminato RSS for Guy's articles - Visit Guy's website We had to pay off debts, and start over with virtually nothing to stand on. All we wanted was to work at home so we could raise our kids and work from anywhere in the world. We searched for the answers on the internet. We found it! At first we were a bit skeptical and after doing our due diligence we realized that we had found an education platform that would allow us to learn, earn and turn our dreams into reality. We ordered the system and went to work as it instructed. We had results immediately. It was simple, easy, and we could learn how to market anything, to anyone, anywhere in the world using the internet. We haven't looked back. We have been extremely fortunate to find something that can educate us and set us up for life. We are passionate about sharing our knowledge with others who are looking for big changes in their life. If our articles, and story resonate with you, see for yourself if this will work for you by going to www.WealthCreationTemplate.com www.WhyGptBeatsMLM.com We now work from home, and work anywhere in the world so that we can be with family and friends. Guy Luminato is born to Italian parents and raised in Melbourne, Australia. Michele Luminato was born and raised in Billings, Montana. Click here to visit Guy's website   Top franchise businesses suffer in current economy while home online business soars Earn Six Figures The How Is Easy All You Need Is the Why Multilevel Marketing MLM the missing link Carbon Copy PRO is a Aston Martin for online entrepreneurs How to use article marketing to generate leads |
Related Forum Posts
What are the reasons why you would NOT buy a franchise?
- Even though I'm a strong believer that franchising as a great business model, I would personally not buy a franchise. My main reason for not buying a franchise is that you're not your own boss. You take all the risks without really being in control of your business. To me that's the biggest drawback.
What about you? What are the reasons why you would NOT buy a franchise?
It's not easy
- Evan,
It's not easy to franchise a business! Franchising requires a strong business model, significant capital resources, and very talented people to be successful.
There are over 3000 franchise opportunities out there, most (80%) don't have the three criteria I listed above.
The biggest benefit to using franchising to grow your business is that you bring in someone else's capital and human resource. What you are giving up is control in operating that business.
I have seen successful companies get in trouble attempting to franchise their business, franchising requires a different skill set than simply operating units.
Growth would have been much easier if they had just opened their own units and sought grown from within.
Re: 40 cents per dollar is spent in a franchised business
- Hey Ringo,
You quoted this information: "The average initial franchise investment is $250,000"
Here is your statement/question: "While I understand that you are paying for someone else's success in development, marketing and business model, with such a big upfront investment, why not make something of your own?"
The part I would like to comment on is where you say "with such a big upfront investment".
On an average initial franchise investment of $250k, the buyer is only fronting 20-30% of that. So their initial cash investment is actually only $50k to $75k.
Although that is nothing to sneeze at, if you have a good system that you are buying into and you have the drive and ability to be a good business owner, statistically speaking you stand a higher chance of success with a proven franchise than an independent business.
Of course we have all heard the numbers that are thrown around by various folks about what the increased success rates are, I don't know what they are exactly, only what I have been told by "others".
I always always recommend performing the proper due diligence when reviewing franchises.
From what I understand the increased expenses of owning a franchise are more than offset by the increased revenues & increased profit dollars at the end of the day.
There might be a few businesses though that are not conducive to franchising, for example a web based business is hard to franchise because of competition and low cost of entry.
I review independent businesses and franchises every day. The thing that stands out more often than not is that the independent businesses are not doing as well as the franchises overall.
Remember though, I might be a bit biased because I am a franchise consultant, so for full disclosure, I make money when people buy franchises.
I think with the proper due diligence most people will make the right decision. Reducing risk, increased profits and financing options continue to make franchises popular to the average Joe.
.
Re: Franchise 'due diligence' checklist
- One of the things I focus on is this:
Does the Franchise fit the Business Model you are interested in?
Meaning, are you going to be doing what you want to do on a daily? For example, if you are a restaurant manager now and you hate your job because of the hours, then don't buy most food franchises. You have experience of course, so it is more comfortable, but you will basically be doing very similar duties and hours as you were before.
I always go through a series of questions, answers, more questions, more answers etc... to help my clients figure out what Business Model they are most interested in, I do this before even discussing a single name with them, they tell me what the business model is and then I match them up to that type of business, explain the entire business model as best I can and then and only then do we discuss the name of the company. Too many times people come to me wanting to own "abc" name brand franchise, when they don't even understand what type of business it really is and what they will be doing every day.
Re: Welcome New Moderators in Addition to Our Fine Team!
- Hi Folks,
My specialty is franchising. I have sold franchises for a living for quite some time. (I even sold one to a relative!!)
I currently own a franchise consulting company. We match people up with the franchise that fits the business model they are looking for.
Hope to contribute to the forums here.
If anyone has questions about franchising let me know. I like helping others.
Talk soon,
John
.
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