Would you ever consider opening up your own franchise? How about for an online business? I've actually not seen franchises offered for something online but I think if done correctly and having laws on your side that you could be quite successful.
Franchises
- Thread starter Lämmchen
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Nah, LOL, it's tough enough to simply get a successful single business. I mean, what's the odds of having KFC's original recipe or something? 
However, though, if something is successful on it's own - why wouldn't it catch on?
However, though, if something is successful on it's own - why wouldn't it catch on?Deleted member 403
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Well, I mean if we are talking about a joining someone else's franchise, location would be everything. It's not like on Google where you can fight to the top with advertising. You would have to fight for the location.
Starting up? Sure, I have always dreamed of getting a franchise from a company, and opening up my own location or two. But sadly, I haven't a good enough savings to even attempt to do the cheapest franchise, let alone rent or build the location.
vest1992
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I have a friend who opened a small franchise in this Bar for sports betting and from what I know he is doing well, last time we spoke he was happy doing what he loved.
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Yeah, investing in a franchises is a wise Idea especially if you just a starter in the business world, all you have to do is to follow the laid town template that has been working, and I haven't seen any online franchise, if there's one and it's worth it, I can join too
Franchising is mostly done on offline Business. May be people will start planning online franchising
Owning your own franchise can be very rewarding because it has its own advantages. Examples of highly profitable franchises are telecommunication, transport and logistics, restaurants,fashion, oil and gas.
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This is an interesting question I must say, and honestly i have been thinking how this can be possible online. I know of offline franchise. But there is nothing wrong given it a try, but I think it will require some serious dedication when starting online.
A franchise refers to a contractual arrangement whereby one party (the franchisor) allows another party (the franchisee) to use its trademarks (or tradenames) and other intellectual property, as well as certain business processes and systems.
Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee.
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Well I'm sure people's ultimate goal will be to have franchise, every business will always look to expand and have a chain of business. Online business have great potentials and opportunities to expand.
It's really possible to obtain franchise for online goods. Advantages of running an online franchise business. You won't be stuck for choice. They offer flexibility. You'll save money. You can go part-online if you like. You can still hire staff. You still get fantastic business support.
I am actually targeting my own franchise in the petroleum marketing franchise because this is the most profitable form of franchise that works very well. Most petroleum buyers are very loyal to their brands because they want to avoid mixed petrolatum/gas for their car or truck. With a franchise with a very big oil company in the country then that trust would naturally come.
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getting the laws for online transaction is always difficult as enforcing such is the main problem. Business being online in nature is hard to track and requires collective efforts of various global security outfits. Building an online franchise is difficult but possible
Franchise Direct has compiled a ranking of the Top 100 Franchises in the UK. Browse the list below if you would like to learn more about the UK's most successful franchises. Franchise Direct created this list after examining hundreds of franchise brands across the United Kingdom.
There are many franchises here that looked a trial because they did not last long. The latest is a bakeshop that one resident of our village availed and a bakeshop was opened in the commercial center by our village gate. But it did not last a year because there are not many customers that the sales didn't even cover the overhead. He paid 1 million pesos for the franchise fee, that's about $20,000 that was his loss.
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I think it is possible, as long as you have the contacts with the company, the investment capital and the strategic location, I don't see why you can't have a franchise. The company must give you authorization, to use their license of their brand and their business methods in exchange for a royalty or a periodic fee. Depending on the conditions you can reach.
Franchises is both online and offline buisness you can also run a franchise by own and give the quality products to the customers and managing a company to deal with franchises
Franchises is both online and offline buisness you can also run a franchise by own and give the quality products to the customers and managing a company to deal with franchises
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Franchises is both online and offline buisness you can also run a franchise by own and give the quality products to the customers and managing a company to deal with franchises
Nah, LOL, it's tough enough to simply get a successful single business. I mean, what's the odds of having KFC's original recipe or something?
Not everyone is as lucky as KFC. In my country, usually only successful businessmen open their own franchise and there are many frachise owners right here. It is always a good idea to start with a single franchise and then consider opening other at a really good location.
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please I don't even know how this really work anyone that has an understanding about it so please educate me because I am not a marketing students, I deal with science only.
I couldn't say less about the lessons I get from here. I've only known franchise to be a word use for describing ones right to vote and be voted for. But from the comments I've seen below,I realized that it has another meaning.
still I'm learning.
still I'm learning.
Creating a new franchise actually means opening a new branch of your business at a different place. You need to hire an experinced staff when you open a new franchise in any given area. A franchise could be owned by a single owner or someone can arrange a contract with the owner and open a branch.
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A public restorant is one of my favorite business that I have ever dreamed of I tell you, it's a very lucrative business, am also planning to include wine bar and also fun centers, I tell you where people can come and enjoy themselves, have fun and many other things, it requires enough funds.
Running a franchise online, I think will be tough. Even offline it's hard enough.
You have to consider legal issues, getting customers to identify with you will also be harder. It will be much easier to start your own business.
You have to consider legal issues, getting customers to identify with you will also be harder. It will be much easier to start your own business.
Every business requires attention. When it comes to opening a franchise, I am not sure about what legal issues you are talking about. However, I believe that when it comes to opening a frachise, you must consider the location factor. Opening a franchise at a popular location is the best idea if you want to run a successful business. Of course the popularity factor also counts when it comes to opening a franchise at a different area.
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Franchising business is one of the fastest way to make passive income and it is a good investment. It makes it easy for those who have little or no knowledge about business to start one. The problem there is that it is quite expensive are you cannot think outside of the box with the business.
I have not heard of any franchise of online business as online business is lot location restricted and the parent company can sell to any where in the world. However, a lot of big companies have regional subsidiary in many countries, for example Amazon has Amazon India, Amazon UK, Amazon Japan, etc.
Starting up a franchise has always been my dream but at a point I've stopped dreaming about it but I now decided that I will start up my own business that will become very big as to make some other people to want to start up a franchise with my business name.
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Yeah but starting a franchise is not as easy as starting any other online businesses. You need to make sure it's something people are very much interested in.
Well currently I am considering opening my own graphic design franchise which would be my personal brand and with time I hope to expand it, creating a physical store/company
Franchise us a cool business but you don't have full control over the operation. You can not operate outside the agreement between you and the franchise owner.
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an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, for example acting as an agent for a company's products.
There's one food restaurant that's very popular in my country and if I'm chanced, I'll definitely open their franchise. This helps because you don't get to trouble yourself to think of what to establish or develop. You just get the space and let the company do their work.
Franchise is a very good way to build up a business,expecially if the brand is a very well known one,and also it will be of a good advantage if the owner of the francise is just a new business,but i have not seen an online franchise.
Francise is a very good way to build up a business,expecially if the brand is a very well known one,and also it will be of a good advantage if the owner of the francise is just a new business,but i have not seen an online francise.
Francise is a very good way to build up a business,expecially if the brand is a very well known one,and also it will be of a good advantage if the owner of the francise is just a new business,but i have not seen an online francise.
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In a world where my people are wanting to be creating communities at every opportunity that they're having I think that this is something that is going to blow up in the future even though it is not popular now.
Francise business is one way to really kick start your own arm of a successful parent business,the umbralla and reputation they have built over the period would help the francise to grow fast.
Knowledge and information is power and thats what most of us lack that denied us the privilege of earning good amount of income on some important and well paying online websites .
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Yes but not on everything , there are so many ways money can be made on the internet and we don't have to focus on all those ways alone. We only have to choose the ones that are very important for us and concentrate in it.
Operating a franchise business is one of the most difficult business ventures you can think of. This is because for a franchise business to even look like it could be established, the business needs to possess a distinguishing quality that makes customers flock to all branches
Though there might be,but the ones i know about is the ones we have offline,one of the things about franchise is that the plan and pattern of operations is already on ground,you just have to follow them through.
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I don't think i would consider opening my own franchise. I'm not someone who is business inclined and i think running a business would be difficult enough for me talk more of a franchise.
what's the odds of having KFC's original recipe or something? However, though, if something is successful on it's own - why wouldn't it catch on?
However, though, if something is successful on it's own - why wouldn't it catch on?Have you ever thought about starting your own franchise?
For an online business, how about?
I haven't actually seen franchises advertised online, but if done correctly and with the law on your side, I believe you could be pretty successful.
For an online business, how about?
I haven't actually seen franchises advertised online, but if done correctly and with the law on your side, I believe you could be pretty successful.
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Yeah, buying a franchise is a smart idea, especially if you're just getting started in business. All you have to do is stick to the laid-out business model that has been successful. I haven't seen any online franchises, but if there are any and they're worthwhile, I'd like to get involved.