Apr 30

With literally thousands of franchises in business today, you can quickly become mentally exhausted when researching which opportunity is the best. There is no “best franchise” out there that all franchise seekers should sign on for. Do you honestly believe that there is this line of people a mile long outside of Mcdonald’s franchise development office? Of course not. How come? 

The answer is rather obvious. What is best for you may not be best for me. Maybe you like the idea of management by 10 or 20 employees and thoroughly enjoying the pride and prestige of the famous franchise fast food brand in the world. Someone else may have been freed after 20 years of company service for a computer software and wants now his dream of a franchise opportunity that home based and does not require employees to follow. You see, all depends on your individual values and interests. The product or serviceshould be secondary, the type of lifestyle of your company, you and your specific role as an affiliate.

That said, there are some essential characteristics for the evaluation of every aspect of business franchise. Here are the top six:

Stable industry. You have to be something that marketing is profitable, not cure. An example is a disaster restoration franchise, in which the franchisee has organized the "Clean-upprocess for businesses when fires or water damage occurs. As the franchisee, you are assured immediate payment by the insurance company to clean up the water damage or rebuild after a fire and those repairs need to happen immediately.

A necessary, recession-resistant product or service. Choose something that consumers either don’t have time to do/make or despise doing and, thus, would rather pay someone else for. Stay away from fads, as they are unpredictable and don’t provide longevity.

Market potential versus the competition. It’s wise to choose a franchise that has little or no competition from other similar, established franchises. You wouldn’t (and shouldn’t) locate a Quiznos franchise within a block of two Subway restaurants that have been there for two years and are always crazy busy. Ideally, pick a franchise where your main competition comes from small mom and pop stores, which allow you to dominate and thrive.   

The leader in it’s category. A major contributor to your potential success a franchisee is teaming with a franchise in which they are the undisputed leader.

A dominant brand.  Brand recognition is huge. Aamco = transmissions. Fantastic Sams = hair care. This is a major reason to franchise in the first place. 

Growth Opportunities. Look for a franchise that encourages you to buy a 3-pack or a 5-pack. Or one that markets the rights to become an area developer or a master franchisee. These are strong indicators that the franchise is thriving and planning to expand and grow the business. 

There are plenty of franchise businesses out there that provide the above key components. The tricky job is identifying and finding them. That’s where an experienced franchise consultant with a vast inventory of various opportunities can be a valuable resource to you. Call me for a free franchise discussion and together we can identify the best options for you and your situation. 

Register for your Free Franchise Consultation.  The Franchising Authority will help you find your perfect franchise! 

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Apr 30

There are a lot of critics of the network marketing industry. Many people believe that the business is illegal or at the very least unethical. But the problem most people have with it is that they don’t think they could make any money in it.

Rather than argue that they’re wrong, or initially throw out all of the positives of network marketing, I’d first like to ask these people a very honest question. What other choices do you have for attaining true wealth in this world?

Now, the common person might laugh at such a question, not because he or she is so down on network marketing and doesn’t believe a significant income is possible, but more so because in their mind, there are a lot of ways to make money and gain financial independence. Without thinking too much about it, you might assume that too. There’s a lot of different ways you can get rich, right?

Well, as it turns out, not really. Let’s take a quick stroll through your other options of acquiring wealth at present. The most obvious is to work a job and save. It's about doing what most people seek. Besides the fact that the active income, which is very desirable for many people, myself included, the main problem with this strategy. You must first have a job where you make a significant share of annual revenues, I would say at least 80,000 per year. Now comes the hard part. You need to live well below your means and save on a monthly basis as possible, and even then, save the wayto wealth is very difficult. To make matters worse, because you’re an employee and you’re making active income, when you aren’t working or when you stop working, the cash stops flowing inward, meaning you better work many years and save everything you can, even at a 6 figure income, because when you stop, you don’t make any more money. You’re just living on a set amount that you saved up over the years. Is this possible to do? Sure, but as you might expect, there are many flaws with this method, the most problematic of which is that most people just won’t do it. Almost no one lives below their means these days, either because their income isn’t high enough to be able to save after necessary expenditures, or they just plain have that poisoned American mentality of spend, spend spend on crap you don’t need. So I think it’s safe to say, this option is out. Working for someone else sucks anyway, but I digress.

So where do you turn next? How about owning a traditional Business? Well, if you're one of the few people that need seed capital, the marketing budget and know-how is a traditional brick and mortar businesses from the ground, I say go for it. But it is very unlikely to achieve financial freedom through this method is. Why do I say this? First, 90% of all businesses fail within five years, not only enriching but you may go broke and in debt. Not exactly the result you're looking forright? But let’s assume you’re one of the 10% that does make it past five years and establishes a pretty solid retail business of some kind. You are still making that unattractive active income just as an employee does, because you have to work the business to make sure it operates the way it needs to in order to make a profit. Don’t believe me? Just try hiring someone to run your traditional business for you and let me know how that works out. My guess is you’ll be out of business or on your way there really fast unless you go in and personally rescue it. No one cares about the success of your business more than you, and consequently, no one, especially employee-minded people, can run it like you can.

But beyond the active income negative, is it possible to acquire true wealth with a traditional business? Sure it is, but you have to apply almost the exact same strategy as your normal, everyday employee. Turn a significant profit each year that far exceeds your business expenses (very difficult to do) and then live way below your means in your personal life. Do this for a number of years, save up as much as possible, and you will get wealthy. But again, I think we can agree that the person that actually does this is an extreme exception, not the norm. Most business owners for this reason will not taste true wealth, and to make matters worse, they can’t retire until they’re sure they have enough saved up to live out their senior years. So this option is also not a good one.

How about the stock market? Now we’re getting into passive income, which I like, and you’re just using the money you already have and leveraging that into more money, but there’s two major problems, if not more, with this strategy. For starters, you need a pretty solid chunk of cash to make a dent in the stock market. I mean, if you don’t have thousands of dollars to invest, you’re not going to make hundreds of thousands back. Now you could start small and keep reinvesting small profits until you leverage yourself to hundreds of thousands or even millions of dollars, but that brings me to the second major problem. How do you know what to invest in? The stock market is a huge gamble no matter how intelligent and well versed you are in its operations. If you’re an average, everyday person who doesn’t have a clue what to invest in, except maybe what Jim Cramer tells you on Mad Money, then the chances of you acquiring great wealth are about as slim as hitting the lottery. Speaking of the lottery, it goes without saying that it’s definitely not a good strategy to rely on for wealth. If you didn’t know that, I feel sorry for you. But without the proper funds and knowledge, manipulating the stock market to make a significant income is highly unlikely. So that’s out too.

Right up there with the lottery is inheritance. If you are the beneficiary of a major inheritance, you’re not reading this article right now, so I don’t think I need to expand on this one any further. If it hasn’t happened already, it’s not going to.

So what’s left? That’s just about all of the ways you could make money in the old-school offline world, with the exception of franchising. But franchising falls under the same category as a traditional business in my opinion. You need all of the same things to succeed. Start up capital, marketing expenses in some cases, business acumen, and probably even a little luck, even though you are following a replicated plan for success. In fact, I would say that the franchise is the best way to achieve financial independence and finally make a passive income in the offline world at this time. But still not very confident that this strategy is for the average person.

No, the average person must be established in a house, start business online have the opportunity to achieve wealth in 2010 and beyond. There are of course many different ways that you (apparently) can earn more money online thisdays, but here’s a news flash for you: MOST OF THEM ARE SCAMS! Get Paid To sites, survey sites, data entry, cash gifting, ponzi schemes, the list goes on and on. Greedy thieves and liars seem to literally make up new ways to take people’s money on the Internet every day, with no end in sight. As you probably know, many MLM companies, or at least MLM look-alike companies, are also fraudulent scams. But here’s the thing about MLM: From my experience, it’s one of only two legitimate ways to make a substantial passive income online in an Internet business, that is if it’s a real network marketing company and not a pyramid scheme dressed up as one.

I won’t go into the details here of how to determine a real MLM company from a pyramid scheme. There’s lots of articles on EzineArticles.com and all over the Internet that can clarify that for you. But the bottom line is this: A real MLM company, one with products and manufacturing and warehousing and a compensation plan that pays on sales, not recruitment, is one of only two realistic ways to acquire wealth in the world right now, online or offline, at least in my opinion.

Let me quickly describe what I feel is the second best route to financial independence. Affiliate marketing is great because it works in conjunction with any Internet business, especially network marketing. And make no mistake, you can make a significant passive income and eventually get wealthy from affiliate marketing. Is it easy? Certainly not, but then again what is? It’s one of the best two options you have so you might as well consider it. You see, I didn’t mention selling your own products online because that is almost as difficult as selling your own products or services in a traditional business sense. Yes you have the potential to reach many more people and interact with people quickly on a daily basis through email, instant messaging, social media, etc. But it’s still a very competitive landscape. It still requires a great deal of Internet marketing knowledge, or the money to pay an individual or company to do your Internet marketing for you. And it depends on the fact that you do indeed have a product or service that is valuable to people and that people will buy in droves. If not, you could have all the online exposure in the world and it won’t matter because the name of the game is conversions (sales, profits).

But affiliate marketing is different because you’re selling other people’s products. Why is that more advantageous than selling your own product you might ask? Well first of all, do you have a product or service of your own that you are confident you can sell online and make a full time income off of?…Didn’t think so…I shouldn’t say that, maybe you do, but still, you run into a lot of the same problems I mentioned above. Promoting other people’s products or services is great because you don’t have to deal with any of the annoyances of running your own business. The company your Production has been associated with support costs, customer service, etc. All you have to do is promote. When customers click on your affiliate link, which is most likely on his personal website, you will receive a commission from each sale that you mentioned. It 's a very simple concept, but not easily achieved. But you can do, no doubt. First, you need an affiliate partner, to find that the content fits your site. For example, you have a website about Profootball and you put up affiliate links, or banners to a company that sells pro football jerseys. Every time one of your visitors clicks through to these affiliate links and buys a jersey, you make a cut of the sale. It might be 20%, it might be 50%. It all depends on the affiliate program’s guidelines. The second thing you need is traffic. If you want to reach financial freedom through affiliate marketing alone, then you need A LOT of traffic. After all, most people only have conversion rates of 2 or 3% if they’re lucky. So if you’re only bringing in 10 people to your site per day, you do the math. You’re not going to get rich like that, but you will make a little extra side cash each month. That’s the reason why I put affiliate marketing at number two for options of acquiring wealth. You need to write great content, hook up with two or three affiliate programs that really fit that content and the visitors of your site, and then market the hell out of your site using common Strategies like SEO, PPC, etc. And 'feasible and a good way to earn money, but network marketing is better. Here's why:

Residual, passive income. That's it. No one else in the world gives you the opportunity to rest is true passive income such as network marketing to do. Of course you can outsource many of your affiliate marketing activities, such as content creation and marketing, and you may even be able to obtain sub-affiliates that you order the way they dothe same thing that you’re doing, selling other companies’ products. But at the end of the day, MLM still reigns supreme…online MLM that is. With a good, legitimate network marketing company that actually sells real products and pays you based on the amount of product that is moved, you can have all the advantages of affiliate marketing, but on top of that, the compensation plans are more lucrative, the work decreases greatly over time, to a point where there is virtually none, and you have the ability to buy your MLM company’s products at wholesale price and then sell them at retail. Beyond these features, MLM products are, by and large, superior to similar products outside of the industry. This is especially true in the ever popular health and wellness niche. Plus, with affiliate marketing, you are generally left on your own to succeed unless you actively and consistently seek out the advice and mentorship of leaders in the industry. With network marketing, your upline has a vested interest in your success, because if you make a lot, they make a little off you. Your sponsor, and possibly even others in your upline, will usually offer you guidance, mentorship and training in order to ensure your success. It’s definitely a business where people have to help other people. If you want to build depth in an organization, which is the only true way to creating a stable passive income, then you can’t get around the fact that you will have to help other people get what they want, and your upline will help you get what you want too.

If this was the only positive aspects of Internet marketing, I still feel That there was something in front of affiliate marketing hand in the way financial independence. But the industry has developed again, and the new method "A dream to build business for tomorrow is revolutionizing the way they are built downlines. It works like this: a MLM distributor with a certain amount of power, credibility,knowledge, experience, and most importantly, skill to sponsor other distributors, promotes the fact that he or she is willing to help prospects by placing people underneath them in order to build their business. They also offer to train new downline members to be able to practice this method themselves, essentially keeping the chain of satisfied new distributors going. New people sign up, have people placed underneath them, are put into profit almost immediately, are taught how to do this for other new people, and they are thus able to seamlessly build a large organization that is extremely proficient in building other people’s downlines. This could work in any online network marketing business model, but it works best in a long term capacity with a solid, established MLM company that has the resources and legitimacy in place to stay in business for a long time, unlike so many start-ups and non-product based companies. This is a practice that is lifting this industry to new heights on the Internet and making it by far the most lucrative and simple business opportunity for making a significant passive income that exists today. This is surely a practice that will catch on and spread like wildfire among hundreds of online network marketing companies, but there is currently only one company and one system that operates in this manner that I know of.

The name of the network marketing company is Immunotec. The name of the system is the Downline Makers. It is led by seasoned Internet Marketer Karl Airey, Daniel Butts, James and Jay Cummari Kanika. Immunotec is a company located in Quebec, Canada, Health and Wellness Supplements sells such as the popular Immunocal, Which can claim Significantly Improve your body's immune system by increasing production of glutathione antioxidant. Marketing network that I listed above have been very successful building downlines in other companies, but have come together to create this new and improvedmethod of downline building in order to help as many people as possible finally start to earn money in a home based business.

This method of downline building is bringing the network marketing industry to new heights and making it more appealing than ever. Soon, other companies and network marketing leaders will surely follow suit and this practice will be wide spread across the entire home based business arena, making it easier than ever for the average person to start up and succeed with an MLM business of their own.

So as you can see, as great as online network marketing has been for the past decade or so, it’s about to receive a shot in the arm that could vault it to unprecedented levels of popularity and worldwide appeal. This is one of the main reasons that I feel network marketing is the number one way to make money in the world today. It’s great right now and it’s only going to get better.

But to get back to the original premise of this article, what Other options you have enough for more today? Not many. Affiliate marketing is interesting and has its advantages, and if you run one of the lucky few to a successful franchise or be successful in the stock market, as all the more power to you. But the reality for most of us, that in order to obtain the financial freedom to go we need to start a home based business. And 'the best option for the money anyway, because it is finally in a passive, residual income, and this isbest kind of income you can make. But within that home based business realm, I think it’s pretty clear that network marketing is your best option for true wealth. Hopefully you now see that the true risk is with all of these other options. Do your research on the many network marketing companies and products, seek out an effective upline, and get started on your path towards financial independence right now!

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Apr 30

No one goes into business lightly. I once heard that it takes an average of two years from the time a person starts to thinks about starting a business venture to the time they actually do it. Isn’t that incredible?

I think one of the main reasons for that would be that they are looking for that guarantee – some sort of assurance that they won’t be risking their livelihood in vain, or end up losing everything they’ve worked so hard for on a venture that may not be successful. In other words, they view it as a gamble.

As a result, most people end up doing the same dance. It’s a familiar dance and you may actually recognize some of the moves. Maybe you’re already an expert at it? Well, let’s find out – pick your starting point from the following:

1. You’re dissatisfied with your job, or no longer excited by it. You want to work for yourself, but stop short of quitting because you’re not sure what to do?

2. Your lifestyle is making your job more and more impossible – maybe you’re newly married and don’t want to work long hours away from home; you have young children and no childcare; you recently went through a life transition, i.e. a divorce, retirement, bereavement, relocation or you just want something else, a change in direction, more freedom, etc.

3. Your company is downsizing and you’re so worried you may lose your job, you’re stressing out about it.

4. You have lost your job and think this may be a great opportunity to start your own business.

And so the dance begins. Step I: You start to seriously consider self employment. You may start by viewing a few online presentations about work-from-home opportunities; download brochures of MLM businesses; attend exhibitions that showcase franchising opportunities; talk to friends, etc.

Step II: You weigh your options, usually based on the financial investments required upfront. You wrestle with yourself about whether or not to sign up. What you should and shouldn’t do.

Step III: You finally begin to tentatively dip your toes in one at a time – all the while hoping that you have picked the right opportunity, but constantly worrying that you haven’t.

Recognize the dance now? Well, that is precisely why a significant percentage of all new businesses fail in their first three years. Everyone does this same dance, so that it seems like only those who are ‘lucky’ or have a large financial reserve to keep them afloat for those initial ‘perilous’ years of business end up successful.

That isn’t the case at all. The problem with this well worn routine is that it forces you to put the cart before the horse. It makes you start from a place of fear instead of confidence and, as a business coach, a big part of my job has been to help entrepreneurs unlearn this dance.

When you work for someone else it can be almost acceptable to hate your job and yet do it for the money. Ever done that? However, when the business is yours, that’s a luxury that’s no longer available to you, because if you go in with that attitude, all you’re doing is acquiring for yourself a very expensive job – and one you cannot easily escape from!

So then how should you start out in business, I hear you ask? Well, start by asking yourself a few simple questions: What do you enjoy doing? What do you do effortlessly? Is there anything you would quite happily do for free? What do you like? What do you hate? What do you want to change?

That’s a good place to begin. Be brutally honest with yourself in answering these questions and you’ll begin to have an idea of what type of business you’ll enjoy. You want to enjoy your own business, don’t you? That’s a huge part of why people start their own businesses. If you do the above, you will be starting on the right path and with the right help could be on a fast track to financial success.

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Apr 30

What are the pros and cons of buying a franchise versus a traditional brick and mortar business versus some other business opportunity. A traditional franchise is a great way to buy brand recognition. The main reason to buy a franchise is because of the systems that are already in place and the brand recognition. For the privilege of having a known brand and a proven system you have to pay a lot. Franchises are not cheap. A fast food franchise could run easily $250,000. This would require a down payment and a loan. The down payment could run 10 to 20% and you still have to qualify for the loan. Some franchisors provide financing. Typically the cost of the real estate where the store is going to be located is extra. Once you have bought your franchise and are making payments to the franchisor and payments for the real estate you still have to make royalty payments on product sold. This may include a percentage for the products purchased from your franchise supplier and a royalty on the product sold. The up side here is the fact that you have a known brand and as long as you have good advertising in place and a good location you should be making sales. Of course your sales should continue to increase if you have planned well and eventually you will be in a profit making position. This typically takes a few years.

Buying a mom and pop, brick and mortar business may cost you less money, however you will have to do a lot of research to know if you are making a good deal. The real estate itself must be researched as well as the type of business and past sales data. Most of this will have to be done on your own. When buying a franchise a lot of this is done for you. After all, the franchisor does want you to succeed.

There are many types of business opportunities that do not require a massive investment for the right to sell and distribute a product. Many of these can be done from home. Some require that you handle inventory and some ship the product direct. A direct sales business is a great way to start your own business and have your company handle all the inventory, shipping and handling. Usually all the advertising cost for your product must be done by you. The company maybe willing to help and may have a system in place, yet you will have to pay for it. The compensation plan varies as much as the type of products. Some pay you a set amount for each product sold, some pay a percentage based on your rank in the company, some pay you on product sold by someone else on your team, etc. With many business opportunities (MLMs) you never get to earn all of the profit on a product. Some of it always goes to someone else. Understanding the compensation plan and how it works is critical prior to investing. Just because the plan may sound real simple it does not mean you are retaining all of your commissions. Or maybe it is real simple except you are going to have to sell a lot of product to make a little money.

So with so many variations of businesses to consider which may be right for you. Certainly doing your due diligence and speaking to experts in the type of business you are considering is a good start. I am here to assist you so feel free to ask me your questions. I have a great blog as well as a web site in which you can contact me.

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Apr 29

care of animals has been developed rapidly into a business $ 42000000000, and is expected to double in coming years. The company's services and products business is the seventh largest retail division of American candy, toys, jewelry and hardware industry! The Pet Care Services business increases exponentially with the demand for services exceeds resources. Pet Care has confirmed that a recession will defiantly. Pet Care Franchise has an entrance in this thriving onlineOpportunities.

Pet Care franchise is not limited and pet ownership is not limited to a single franchise unit. Most franchise offers a solid experience, fully trained and operate within their franchises. These business plans will support you on your way in the pet industry to ensure that there is an enjoyable and fun that you will benefit from many years in the future.

Pet Care Franchise is prone to low-risklow cost. There are a number of different franchises, which you can invest as doggy daycare, kennels for overnight stays, pet grooming, dog walking and training, pet products and retail. You could also look into puppy play groups, feeding and cleaning the cat litter, bird, fish stew and observed, small cage, food and care. The franchise fee is $ 10,000 to $ 20,000, which is too low compared to other franchise area.

Most franchise Pet Caremake a business center at home. All have a franchise dealers in PET products, noted an employee or you go and take care of animals for other people with hair, people have no home to you. The voting at home, reducing operational costs and to allow time to enjoy family and go to work, if you like.

Many pet owners recognize that they work longer to do more business and personal travel, dissatisfiedcongested cages and generally takes care about the happiness of their children hairy. Looking for modern facilities for the welfare of their pets.

Pet Care Franchise is a business model that works. The team of franchise training and management to expand your client Foundation and will give you the confidence to excel with the franchise and the ability successfully to your competition in every market. They will help you the way through the most important aspects of a newCompany formed to reduce errors which can be costly both in dollars and time. Furthermore, continued support and strategy recommended by their teams normally available via e-mail, telephone and web-based videoconferencing and online chat. The team offers branded products, advertising and marketing materials and incentive programs.

Franchising is an opportunity to have dedicated their activities with all franchisors knowledge already built a new future with youall the tools needed to create the best pet shop available.

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Apr 29

One of the most exhilarating things for a new franchise buyer, is becoming a franchisee, completing training, and opening their store. Having their grand opening, being excited, albeit scared, and looking forward to the future. It is at this time when the bonding occurs between the business owner and the actual business. After all, this is their baby, and even though the franchise business model is one they are basically only renting for the term of the franchise agreement, it is this Buy-in, the franchisee for success.

Every franchisor has a quality team that goes out and helps with the opening of franchised stores. These are the people who come and open new markets. Before retirement, I ran a franchise company that I founded, and we were in the service sector. In this area we had a team that we called the team of Bonsai and Blitz. And this was a team full of spirit, strength was, and she took a "no prisoners" approachopening up every single new franchised outlet.

These guys and gals were young, they were aggressive, and they were in it to win. They excited enthusiastic, and the franchisees loved it. Their employees loved our team too – it united the strength of each employee and the business owner into the mission ahead of propelling success in the business model and in understanding the importance of customer service, productivity, and profits.

This is what it takes to open up a new franchised Outlet, and I would suggest that any affiliate who is interested in opening or buying a new franchise store to ask for support team of the franchisor, the opening of new franchise helps. This is an important and indispensable part of the franchisee franchise victory for both, and the franchisor. In fact, I hope you remember all this – Go Get 'Em!

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Apr 28

It is inevitable that starting and successfully operating any small business today is always going to generate an ever evolving list of complaints and disappointments for most owners. Entrepreneurs that choose franchising as the means to open a small business will have many of the same complaints as independent owners do along with a few unique ones because they are ultimately bound to a long term relationship with their franchiser. Here are a few of the most common complaints I hear from franchise owners regarding their relationship and experiences with their franchiser.

My Franchiser Is My Competitor:

This is one the most common, and in my opinion most valid complaints I hear from some franchise owners. It is the nature of small business that you are going to have competitors, but when your franchiser is creating the competition and diluting your market share by opening multiple locations uncomfortably close to yours that is a tough pill to swallow. Before signing any franchise agreement make sure you thoroughly investigate and understand the rights and restrictions for your specific franchise territory. This would include speaking to other current franchisees in your target territory and asking them to share their experiences with competition from other franchisees.

Those Monthly Royalty Fees:

I have found that many new franchisees are so excited about getting there location open that they often defer any concerns about paying monthly royalty fees. However, once the initial excitement wears off, and they are involved full time in the hard work it takes to become successful those royalty fees become a much more tangible reality and commitment. The biggest complaint I hear from some franchisees regarding paying royalty fees is that they feel the franchiser does very little or nothing in return for them. Whether that is true are not (I have no doubt that it is in some cases) unfortunately at the end of the day it is ultimately the responsibility of the franchisee to adhere to the terms of the franchise agreement they signed. Before signing any franchise agreement make sure during the disclosure process you speak to as many current franchisees possible and ask them if they feel they are getting real value from the royalty fees they pay.

Too Many Restrictions:

I often hear complaints from some franchise owners regarding the number of operating restrictions placed on them by their franchiser. Many complain that the franchiser exerts onerous control on how the business can be operated and are often frustrated that they are unable to react independently to local market realities and demands. I am sure a lot of these complaints are valid, but I guess I am a little less sympathetic to these types of complaints for the simple fact that the franchisee chose to buy into a franchise system with known controls and restrictions. Many of which have been proven to given the franchisee a greater chance of success- which is the essence of the franchising. That being said, I would advise before buying any franchise business you honestly ask yourself if you have the right personality to follow a pre-determined franchise business system and all its inherent operating rules and restrictions.

Oversold Potential:

As a Business Broker I have heard a number of new and established franchise owners complain that they felt they were oversold on the potential earning power of their franchise business. This is a tough complaint to validate because it is generally a known fact that most franchisers do not disclose their earnings and are generally very careful about discussing earnings potential for a typical franchise location. That being said in my experience sometimes the franchiser (or their sales people) along with existing franchisees can sometimes paint an overly optimistic picture about how soon and well a typical franchise location will perform. Your best bet to mitigate this potential disappointment is to speak candidly with current and former franchise owners and ask them if your expectations are overly ambitious.

Summary:

Please keep in mind that all prospective business buyers should thoroughly investigate any franchise or business, obtain all appropriate disclosure documents available, and seek expert consultation prior to making any investment decisions.

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Apr 27

Let me start by saying that I don’t pretend to know everything about Network Marketing. I do know a lot now though. That is due to both being involved with a Network Marketing company and some careful studying. But most importantly by meeting people and learning from them. You can do the same. Like many of you reading this I have done a lot of things in my life. I’ve never failed at anything I have tried. I have been more successful at some things than others. It doesn’t mean to say I have not made mistakes though. I have and one or two big ones.

“The major value in life is not what you get. The major value in life is what you become.” Jim Rohn

Pyramid Selling! Let’s get this out of the way.

One of the statements/questions that I hear most when I talk to people about Network Marketing is “that’s pyramid Pyramid selling isn’t it” I always start by describing the company they work for. What shape does it have? Mmmm a pyramid!

Very few companies, barring maybe sole traders, do not have a pyramid shape to them. I then explain what pyramid selling actually is.

A Pyramid Scheme is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, often without any product or service being delivered.

Pyramid schemes are illegal in many countries, including the United States, the United Kingdom, France, Germany, Norway, Albania, Canada, Romania, Colombia, Malaysia, Poland, Hungary, Bulgaria, Australia, New Zealand, Japan, Italy, Nepal, Iceland, Philippines, South Africa, Sri Lanka, Thailand, Iran, the People’s Republic of China, Mexico, Portugal and The Netherlands. These types of schemes have existed for at least a century. Nowadays, subtler schemes exist, so be wary!

Network Marketing and Multi-Level Marketing explained…

Network Marketing or Multi-Level Marketing – MLM is an amazing business to be involved in. The rewards are incredible for the people who work at it. And the money paid to join a network company is very very little compared to say a franchise or setting up a conventional business.

Let’s just take a minute though to explain Network Marketing and Multi-Level Marketing. this bit gets a bit heavy, sorry.

It is important to make the distinction that the term “network marketing” describes a particular marketing strategy, while “multi-level marketing” refers to the payment structure that Network Marketing companies offer.

Network Marketing is a description of the nature of the strategy used to market the company products. In other words, the “network” adjective is not referring to any company-related attributes; it refers to how the marketing itself takes place: through the social networks of individuals.

Multi-Level Marketing refers to the structure of payment given to the network of affiliates, agents, whatever the terms is used in a company. It is a pyramid shape or tree shape whichever way you want to look at it and this is what makes people say the statement “that’s pyramid Pyramid selling isn’t it?” I won’t go into the payment structures as companies vary. But the principle is you are paid for a certain amount of business you generate so many levels down from you. So in the case of GDI it 5 levels down. Watch the video and you will see it explained.

It’s important to note that Network Marketing companies just like Franchise companies are regulated by a governing body. In the UK franchises are regulated by the British Franchising Association. Network Marketing companies are regulated by the Direct Selling Association (DSA). It is the name of several similar trade associations in the United States, United Kingdom, Australia, Malaysia, Singapore, and New Zealand that represent direct selling companies. In America you will find Network Marketing companies such as Avon and Herbalife while in the UK such companies as Kleeneze and Vie at Home. All are members of their respective DSA organisation.

I know there are various MLM businesses out there some cheap, some expensive. If you are looking into a MLM business then you have to look carefully at the MLM Company. I’m not going to go into minute details but the basics things you need to consider are: · The Company · The Products · The People · The Compensation Plan

First and foremost is the Company reputable?

How long have they been trading? Does the company have a good reputation?

The Products

Would you recommend the products to your friends? Remember also the product should sell themselves your not a sales person. You just have some products people might want to use. Would you be totally confident that they would buy at least some of your products? After all they could be some of your first customers!

The People

Could you get on with them? Could you work with them? Could you learn from them?

The Compensation Plan

It’s easy for people to say “I’m earning X pounds or dollars per month. Can they prove what they are earning and how? They should be able to show you statements or something from the company that proves they are earning. I know some MLM companies that frown on asking this. Why! You need proof. My reply to anyone who has been reluctant to “show me the money” has always been to say goodbye and leave! You should not be afraid to do this.

How long have they been in the business? How much do they make on their own sales? What are they making on the volume of sales from their team? Ask their Upline the same questions.

All of these questions are important and you should have no doubts about any of them. You should attend any business meetings that you can; your prospective sponsor should arrange this. Do not be afraid to ask questions. Talk to people there who are proving the business works, who are successful. They should be only to happy to both talk and answer any questions you may have. Remember, they were new to the business like you and no doubt will have had the at least some of the same questions and concerns you have.

And that, in a nutshell is how you should look at any business you start, be it MLM, IM or conventional. · Do you believe in it? · Do you think you can make it work? · Is it affordable? There are more questions, but you get the point.

Whichever path you go down, I’ll leave you with this quote….

The purpose of our lives is to be happy -Dalai Lama

Apr 27

If you are considering setting up a business under your own steam it is vital that you choose something that is suited to your skills and interests. Its critical to ensure that the market is stable and is not just the latest thing.

A lot of people looking at taking up a business as first timers are seriously considering franchising. We can look at why this is and how you can tell if a franchise option is a good option for you?

Below is an outline of who and who is not best suited to run a franchise business.

Profile definition for business format franchising

A business format franchise will comprise of the following elements, It should be:

A business system that has been proven
Copyable
Supported nationally and locally
Has a franchise contract to administer it
Owned and secured intellectual property, logos that provide value for the system

Ideal franchisee profile

The brand owner is called the franchisor. The local operative is called the franchisee or franchise owner. Every thriving franchise owner needs to have at least the following attributes for the franchise they are operating to be successful. They will be:

Able to Have the ability to replicate the proven franchise system
Be exhuberant about the franchise system
Be able to serve their customers devotedly
Have a good demeanor when dealing with people
Have their family’s backing from the beginning
Have the ability to raise finance in order to buy and run their chosen franchise

Bad franchisee profile

Everyone is different and franchising isn’t the best choice for everyone. Avoid franchising if you:-

Are not sure that you have your family’s backing
Do not have the money to get your chosen franchise up and kicking
Are not prepared to follow the ideas of others
Have difficulty in organising your time and priorities

Tagged with:
Apr 27

If you are considering setting up a business under your own steam it is vital that you choose something that is suited to your skills and interests. Its critical to ensure that the market is stable and is not just the latest thing.

A lot of people looking at taking up a business as first timers are seriously considering franchising. We can look at why this is and how you can tell if a franchise option is a good option for you?

Below is an outline of who and who is not best suited to run a franchise business.

Profile definition for business format franchising

A business format franchise will comprise of the following elements, It should be:

A business system that has been proven
Copyable
Supported nationally and locally
Has a franchise contract to administer it
Owned and secured intellectual property, logos that provide value for the system

Ideal franchisee profile

The brand owner is called the franchisor. The local operative is called the franchisee or franchise owner. Every thriving franchise owner needs to have at least the following attributes for the franchise they are operating to be successful. They will be:

Able to Have the ability to replicate the proven franchise system
Be exhuberant about the franchise system
Be able to serve their customers devotedly
Have a good demeanor when dealing with people
Have their family’s backing from the beginning
Have the ability to raise finance in order to buy and run their chosen franchise

Bad franchisee profile

Everyone is different and franchising isn’t the best choice for everyone. Avoid franchising if you:-

Are not sure that you have your family’s backing
Do not have the money to get your chosen franchise up and kicking
Are not prepared to follow the ideas of others
Have difficulty in organising your time and priorities

Tagged with:
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