There are over 700,000 franchises in the United States.
We help franchises to refine their current systems, and put new systems in place, which results in an increase in efficiency and typically an increase in units sold.
We also provide tips and insight into the world of franchising on our blogs for new businesses looking to form a franchise, as well as established franchises looking for ways to improve their operations.
One piece of advice that we have for anyone searching on Google for ways to explain royalties to franchisees is education. When choosing to purchase a franchise business opportunity, one of the topics that is sure to come up is royalties, and we believe it’s important to try and explain to franchisees and potential new owners your royalties model in a way that will get them excited.
It’s important to educate what exactly a franchisee gets in exchange for their payment, and ultimately, why they would most likely prefer paying a royalty commission instead of trying to start a business from scratch, learn to run it and then generate enough business to survive and then grow, on their own.
There are different models for royalty payments, but most are typically either a flat recurring fee, a percentage of sales (usually gross), or both. And while nobody likes fees, there are good reasons why royalties are arguably a good thing.
For one, what the franchisee receives in exchange for royalty payments is often well worth the investment, just from a lead generation perspective. If you are a well known franchise, the opportunity for franchisees to operate under a well-known brand will automatically drive sales and ultimately, success, to franchisees.
But generating your own leads for each franchisee can be difficult.
Whether you are trying to start a new franchise, or grow an established one, successful franchisees are one of the best ways to sell more units.
At Upside Group Franchise Consulting, we help franchises grow to the next level, and sell more units. We help your franchisees generate local leads using technology and services only available to us. We can guarantee to put every one of your franchisees on the 1st page of Google where people will search out and find them.
And we can do it at a fraction of the cost of an average local marketing campaign.
If you have any questions, feel free to reach out to us. We offer a initial free consultation.