In this franchise article I am going to analyse the many different types of business that a potential franchisee can buy into. There are franchises to suit all types of budgets and different levels of experience.
Internet Franchises – these usually involve either selling goods, services or advertising on the net. Usually the entry costs for these businesses are low but a huge amount of effort is required to generate targeted traffic to the internet site. People often make the mistake of assuming that less effort is required to grow these opportunities.
Retail Franchises – The entry costs are much higher and overheads are huge. Not only does the franchisee have to pay a high initial fee but they also have to worry about the staff costs, rent and rates. These range from fast food outlets, beauty salons, and laundrettes amongst others.
Service Franchises – These range from providing financial services, coaching and providing business advice. These types of businesses suit people who have extrovert personalities and enjoy meeting new people. The entry costs are lower as are the running costs but a lot of selling is involved.
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