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Starting a Business - Brick and Mortar Franchise Or Internet Opportunity

Starting a Business - Brick and Mortar Franchise Or Internet Opportunity

So you would like to start your own business, but not quite sure where to start. Do you want to buy into a small business Franchise, or start an Online Business?

Lets do some basic item for item comparisons. First and most obvious, with a small business franchise, your market is local. With an online business your market is virtually the world. What about start up cost? A small business Franchise has an initial Franchise fee from $10,000 to $1.1 million. On top of that you need a reserve and start up money, $50,000 to $250,000. With an Online Business, start up and marketing cost $500 to $25,000. A reserve is not necessary because there are many effective ways to market online that have little or no cost, but I would recommended $1,000 to $5,000. This will give you many more options and quicker profit potential.

With a small business franchise, average return on investment is 3-5 years. With an Online Business it is 2 to 6 months. I would like to elaborate on this. One thing I learned in my real estate franchise is that when I got to the point of profitability, space and growth capacity had also been reached. So the only way to increase profits was to expand or take on another location (franchise). Therefore I needed to put the profits right back into the business. The other thing that happened is focus was turned to furniture, design and negotiating leases and away from the main source of profit. With an Online Business, most are done from home so no commercial space is needed. Growth is a natural part of your day to day activities. As your sales grow, so does your business. Since almost all cost are directly related to your marketing efforts, profits are put back into lead producing vehicles, rather than overhead and in most cases increased expense is relative to greater profits.

One more point I would like to add, that is in the favor of an online marketing business, is you can do it part time and build it gradually over time. With a franchise, unless you can fully fund other people to do it, needs your full time attention.

Now lets talk horrifying but true facts. 95% of all small businesses fail in the first 5 years, many of those in the within the first 2 years. 97% of people that start an online business are not profitable. If after hearing this, you have not shut down your computer and put the thought of starting a business out of your mind, then, maybe, just maybe you have what it takes to be one of the 3-5%. It will not be easy, but I promise you the rewards are well worth the sacrifice.

So with that in mind, I would make one recommendation. Find a venture with GREAT SUPPORT. Not just a person hired to sell franchises or a person that is just looking to build a MLM Downline so they don't have to work, but someone that has walked the walk and been where you are. They are where you want to be, still producing and have a track record of showing others the way.

I hope the information provided here was useful. If you think an online business is what you are looking for and you are serious and motivated. Then I would love to have you join our team of some of the worlds top internet entrepeneurs and network marketing trainers. Go to the website listed in my Bio and I will see you on the other side.

Hoping all your dreams come true.





Starting a Business Brick and Mortar Franchise Or Internet Opportunity - To learn more about this author, visit Jim Whittaker's Website.

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John Power
John 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

Jeff Foster
WebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas.  We specialize in internet consulting & internet marketing
- Visit Jeff Foster's Website

Anne Barr
Anne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website

Jay Kubassek
(Jay's Full Bio: EvanCarmichael.com/jaykubassek)  In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.

 

As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)

 

Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. 

 

Jay resides in NYC with his wife Jamie, son Milo and dog Cooper.  Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website

Stephanie Robey
Stephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals.

She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com   Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences.  Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University.

Read Steph's Blog
Meet Steph and Dave
Sign up for our Free 7-Day BootCamp: Self Employed & Rich
- Visit Stephanie Robey's Website

John Brennan
John Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website

David Barr
David Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website

Casey Gollan
Casey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website


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About The Author


Jim Whittaker
(Visit Jim's Website)

I had no work from home or internet marketing experience, this is where I found the way,click this link for  Work From HomeInternet Marketing Training

I was 52 year old baby boomer, my retirement plan died with the stock market and my 20 year six figure income dried up with mortgages. Now 80K in debt no real world job skills, I turned to the internet.... It seemed too good to be true, but I received it in the mail, set up as instructed and had results the first week. The system is a simple online business opportunity and easy to use. There is support and ongoing training by those members top network marketers in the world.

All that is great, but if you asked me what I like most about this online business opportunity, it gave new passion to my life and the freedom to enjoy it. If you are reading this article, there is a good chance you are where I was. If you can relate to my story, take a look at what has worked to not only support my family, but to help us dream and dream big again. You can find what I believe to be the Top Online Business Opportunity today at:

http://JimWhittakerBlog.com/busines s-opportunity



Jim Whittaker is a Gold author on EvanCarmichael.com
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