Managing a work from home franchise makes the situation of franchising far less challenging, mixing convenience and ease with generally lower overhead costs.
Over the past five years business has changed significantly especially if you are considering starting your own legitimate home based business. The ‘conventional economy’ of bricks and mortar businesses has been heavily affected by the rapidly expanding ‘digital economy’. This is because increasingly more people are purchasing services and products via the internet.
How Do Franchises Work?
Franchises have often been seen as the best way for starting your own business because you avoid much of the risk associated with new business start ups. A good franchise company will have developed a method of doing business that works well and produces successful results. There is normally a recognised brand and training programs designed to bring you up to speed on the most successful methods to run the business.
Having said that, a franchise that ensures a return on investment generally requires substantial capital expenditure. For instance, to be eligible for a typical franchise with a renowned fast-food burger chain restaurant, you will need personal funds of $250,000 (not borrowed). Furthermore, an additional $500,000 to $1million is required to open the restaurant which goes towards the rent for the building, employees, equipment, stock etc. You’ll also pay an preliminary franchise fee of $45,000 directly to organisation. The expenditure cost for a famous pizza house restaurant chain starts from $295,000 and you’ll need at least $30,000 for a well known 24 hour convenience store franchise.
These might be assured business models, but the basic start up costs are often unattainable for new entrepreneurs who simply don’t have access to that sum of money. So if a work from home franchise is more readily available, where do you begin?
Why An Online Work From Home Franchise?
These days, there is an entire new world of home based opportunities online for starting a work from home franchise. You do not have to part with huge amounts of money as your costs are much less than buying a traditional ‘bricks and mortar’ business.
Anyone who takes consistent action and works hard can succeed and profit online. This includes people who have never owned a business before and/or have no idea where to start.
There are genuine home based business models, such as affiliate marketing, where you can benefit from selling other peoples’ products and services to a worldwide online market place of over 2 billion people, around the clock, every day of the year!