Which Internet Franchise Should You Buy?
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Naz Daud
Mar 24, 2013, 6:32:43 PM3/24/13
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Article Title: Which Internet Franchise Should You Buy?
Author: Naz Daud
Word Count: 525
Article URL: http://www.isnare.com/?aid=1791639&ca=Business
Format: 64cpl
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Most of us have at some time dreamed about giving up the daily commute to the office and being our own boss. Being your own boss gives increased flexibility over working hours and the potential of raking in a larger income than working for a company. However, starting up your own business is not without risk, and in the current economic climate it can be hard to get the banks to lend start-up capital for an untried business idea. It�s for all of these reasons that a large number of people are turning to franchising.
How Franchising Works
Franchising is a relatively low-risk way of getting into the business world. Many successful businesses such as McDonald's, Subway and Supercuts hairdressers have grown their brand and network of stores by selling the rights to the brand to independent businesses. An individual wanting to start their own McDonald's will pay a flat fee initially, then an ongoing percentage of their takings. In return, they get the rights to use the McDonald's menu and brand, and benefit from the advertising and the profile of the company as a whole. Many entrepreneurs feel that franchising is a much more lower-risk way of getting into business than starting their very own business from scratch.
Internet Opportunities
Although buying into a traditional franchise model is less risky than investing your own money in building up a business from scratch, it�s still not a cheap option. Traditional businesses such as restaurants and retailers are struggling in the economic conditions, and as more of us switch to shopping online, buying into an internet franchise seems to be the obvious solution. The size of the business will dictate what sort of entry fees and royalties are payable, but in general, buying into an internet franchise is a great way of getting into business for yourself. It�s also much more appropriate for people living in a rural area, as running a successful internet business often does not depend on where in the country you are located.
Types of Businesses
There are lots of different internet based opportunities for business out there, and the first task is to sift through all the different opportunities on offer and make a short list of the most attractive propositions. Many of the internet based franchise opportunities are based around web design, computer support or internet advertising, and these sorts of businesses may appeal more to investors with a technical or computing background although no specific knowledge is needed to get started. Other business models are available too, and some of the most popular investments for new entrants to the franchising world include local interest websites, computer skills training for children, travel agencies and operating as a broker in the loans market.
Making The Decision
Once a shortlist has been drawn up of the most attractive opportunities, they should all be considered carefully. Price should not be the only factor considered, as a more expensive franchise to buy into may be the one with the longest term prospects for making money.
About The Author: Naz Daud http://www.citylocal.co.uk/ http://www.citylocal.co.uk/businessfranchise/ http://www.citylocal.co.uk/businessfranchise/features.php
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Message delivered directly to members of the group:
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Please consider this free-reprint article written by:
Naz Daud
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=1791639
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=1791639
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Which Internet Franchise Should You Buy?
Author: Naz Daud
Word Count: 525
Article URL: http://www.isnare.com/?aid=1791639&ca=Business
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1791639
Easy Publish Tool: http://www.isnare.com/html.php?aid=1791639
*********************** ARTICLE START ***********************
Most of us have at some time dreamed about giving up the daily commute to the office and being our own boss. Being your own boss gives increased flexibility over working hours and the potential of raking in a larger income than working for a company. However, starting up your own business is not without risk, and in the current economic climate it can be hard to get the banks to lend start-up capital for an untried business idea. It�s for all of these reasons that a large number of people are turning to franchising.
How Franchising Works
Franchising is a relatively low-risk way of getting into the business world. Many successful businesses such as McDonald's, Subway and Supercuts hairdressers have grown their brand and network of stores by selling the rights to the brand to independent businesses. An individual wanting to start their own McDonald's will pay a flat fee initially, then an ongoing percentage of their takings. In return, they get the rights to use the McDonald's menu and brand, and benefit from the advertising and the profile of the company as a whole. Many entrepreneurs feel that franchising is a much more lower-risk way of getting into business than starting their very own business from scratch.
Internet Opportunities
Although buying into a traditional franchise model is less risky than investing your own money in building up a business from scratch, it�s still not a cheap option. Traditional businesses such as restaurants and retailers are struggling in the economic conditions, and as more of us switch to shopping online, buying into an internet franchise seems to be the obvious solution. The size of the business will dictate what sort of entry fees and royalties are payable, but in general, buying into an internet franchise is a great way of getting into business for yourself. It�s also much more appropriate for people living in a rural area, as running a successful internet business often does not depend on where in the country you are located.
Types of Businesses
There are lots of different internet based opportunities for business out there, and the first task is to sift through all the different opportunities on offer and make a short list of the most attractive propositions. Many of the internet based franchise opportunities are based around web design, computer support or internet advertising, and these sorts of businesses may appeal more to investors with a technical or computing background although no specific knowledge is needed to get started. Other business models are available too, and some of the most popular investments for new entrants to the franchising world include local interest websites, computer skills training for children, travel agencies and operating as a broker in the loans market.
Making The Decision
Once a shortlist has been drawn up of the most attractive opportunities, they should all be considered carefully. Price should not be the only factor considered, as a more expensive franchise to buy into may be the one with the longest term prospects for making money.
About The Author: Naz Daud http://www.citylocal.co.uk/ http://www.citylocal.co.uk/businessfranchise/ http://www.citylocal.co.uk/businessfranchise/features.php
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1791639
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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