Franchising has made the world look really small. The well known flavors are now not just restricted to a single town or city but can be enjoyed world wide. Otherwise it would only be a dream for somebody in Asia to wear the fashion of Europe, for the West to have delectable food of the East etc. Globally as well as domestically the system of franchising has something good for everyone.
Franchising basically is the taking of franchisee- the authority or rights to sell the products of some company. Most often it is only those companies who have an outstanding name in the market that go for franchisee outlets. Like a tree expands and grows through its branches that also bear fruits, so do the renowned companies enhance their business (sales) through franchising. Franchising gives them a good opportunity to explore every small town along with overseas markets.
The process to take a franchisee is simple. All one needs to have is the required security amount to purchase the particular franchisee and a good place with an adequate business plan. The amount so taken by the company is for a fixed tenure after which it needs to be revived in order to continue to sale the company's product. This security amount varies with the kind (food, clothes, electronics?) and the market value or the goodwill of the company. is for a fixed tenure after which it needs to be revived. Escalating goodwill of a company entails a surge in the figures to purchase its franchisee. The companies besides the amount are also very particular and cautious about the area and size of the workplace to open their franchisee outlet. While handing over their franchisee to someone nationally or internationally the franchisors (parent company) educate him of their product, terms and conditions, policies and style of working. Most often these companies also give certain crucial tips to prop up the sales of their product. Weekly or bi-weekly advertisements, hoardings and the like are some of the widely adopted measures for it. Once a company sells it franchisee to someone then it is solely the onus and freewill of the entrepreneur regarding the methods he takes to promote his sales. However the prices of all articles are set by the parent company are not subject to modification by the franchisee.
Franchisee business has more or less covered all areas of human needs. Be it food (restaurants etc.), clothes, jewellery, footwear, bags, makeup kits, electronics?franchising is meant for all. It is at individual's discretion to decide which franchisee he wants to go for. This can be fairly decided by a vigilant market survey and an assessment of the standard and tastes of people in that area. For instance it will not be judicious to open a top brand's outlet of expensive clothes in a suburb region where people want to spend bare minimum on their attire. So the kind of outlet to open, in other words franchisee to take is directly proportional to the needs and status of the consumers.
All the franchisees have their suppliers fixed. The suppliers have to arrange to get the material from the parent company and pass it on to every franchisee store that is linked to it.
The 'sale' season is at volition of the franchisee. But the supplier as well as the parent company should be informed before. The prices during the sales season are reduced to half or less than that in order to clear the stock which gets accumulated and is without any serial no.(like there might be just one size or color left of a shirt, trouser etc.). Usually the franchisees do this in order to recover their money and make place for the new stock.
Thus all in all franchising is a good business that is beneficial not just for the one who has taken the franchisee but also for the consumers who get to enjoy the best of everything in their respective town, city or state.
Mansi aggarwal writes about franchising topics.
quick home cleaning Glenview ..So you think you're not justified in taking time away... Read More
Mr/Ms, 'not me' is often on holidays in your business.... Read More
Cleaning the trailers towed by big trucks is not easy,... Read More
Most folks in the pressure washing business are happier to... Read More
It is imperative to have your business legally prepared. How... Read More
So you want to start a business but you don't... Read More
Are you thinking of starting a small pressure washer business... Read More
It has been discussed allowing Franchising companies to electronically disclose... Read More
Your business is making profits, but where is the cash?... Read More
If you are looking for a way to own your... Read More
Get maximum results with minimum effort. Sounds great doesn't it?... Read More
What kinds of things effect mobile service businesses P and... Read More
As you may know, there are many ways to incorporate... Read More
One of the simplest ways to expand your marketing efforts... Read More
Here is an interesting case study of a company, which... Read More
As a solo entrepreneur or small business owner, one of... Read More
IntroductionIt is widely recognised that Email and the Internet is... Read More
CARD SHARK7 Card Tricks That Improve Your Personal Networking PowerThe... Read More
Rule 15C211Under SEC Rule 15C211, a U.S. securities broker or... Read More
Contrary to popular belief, small businesses can survive a crazy... Read More
Having a successful business means also having a good working... Read More
Here are some of the questions that you need to... Read More
Now that winter has passed, the annual ritual of spring... Read More
"Order Now!" "Your Business Will Fail If You Don't Have... Read More
Every company has business pain, but the pain does not... Read More
scheduled maid service Winnetka ..Microfiber cleaning towels have been around for about ten years... Read More
A Private Investigator is a professional trained in the art... Read More
A recent survey indicated that clean Taxi Cabs Fleets have... Read More
Now that you have invested your time, energy and money... Read More
The Service-Disabled Veteran-Owned Small Businesses (SDVOSB) is a program that... Read More
Lance Armstrong this week won an unprecedented 7th Tour de... Read More
I have to admit, I was curious. When I saw... Read More
A few years ago, I visited Beijing for the first... Read More
Aircraft Interiors of personal and corporate jets have hundreds of... Read More
More sales and more profit. Isn't that what you want... Read More
Ok, you have successfully accomplished your dream of being the... Read More
You've probably heard the statistic that 95% of small businesses... Read More
If you intend to franchise your company you will need... Read More
It appears the mini-blimp indoor theme and concept is making... Read More
I recently met with a very successful magazine publisher who... Read More
To maximum potential profits and dollars in a mobile washing... Read More
If you're an entrepreneur responsible for your own small business... Read More
In franchising an individual desirous of their own business will... Read More
Nothing can drive a business down faster than customers who... Read More
If you ask most small business owners what priority CRM... Read More
Are you -- like 70 percent of small business owners... Read More
No, I'm not talking about gambling or dairy cows ?... Read More
What is in an information plan?Before you even meet with... Read More
You may be in Mail Order, Direct Mail, or you... Read More
THE PSYCHOLOGY OF PRICINGIn case you hadn't noticed, people can... Read More
Small Business |