Benefits of Owning a Franchise

Franchises are popular amongst small businessSo, someone who wants to go out and start attracting
owners as well as entrepreneurs and people looking toprospective sellers will have a much harder time as a
get out of the corporate "grind". There is good reasonmom and pop type investor who is going at it alone
for this, as franchises offer the benefits of businessthan they would if they had the powerful name of a
ownership along with the support system and businesssuccessful company behind them. Think about.....if you
model of an already successful business. When youhad a $300,000.00 house for sale and you needed to
take a close look at the benefits that go along withsell it quickly, would you be more likely to sell to Joe
franchise ownership, its no wonder franchises areBlow mom and pop investor or someone who was
becoming increasingly popular.with a reputable, established company? Obviously, you
A franchise can be an especially good idea if youare going to go with the reputable company on such
want to break into an industry that is extremelyan important decision.
competitive, high risk, takes a decent amount of startFranchises offer proven marketing systems
up capital and definite industry knowledge. One suchThe lifeline of a real estate investor lies in finding good
industry is the real estate industry, specifically realdeals. There is no easy way to find good deals,
estate investing i.e. home buying or "flipping" houses.especially with the industry competition that has
This industry is one that almost everyone has thoughtflooded the market these days. With franchises, you
about getting into at one point in time or the other, butget the benefit of a proven marketing system. Some
for whatever reason haven't done it successfully.franchises, such as those offered by Flanagan
More than likely that reason (or reasons) is that theProperties, LLC at market through mass media i.e. 30
field either a) requires to much up front investment b)minute infomercials on major television networks,
they don't have the "know-how" c) its to risky to takebillboards, :15 and :30 second television commercials,
on alone or d) they have realized it is HIGHLYradio spots, billboards, direct mail and more. As a
competitive and most of the mom and pop investorsprivate investor it is very hard to compete with that!
get eaten alive. However, by purchasing a real estateSales training and support
investment franchise you can virtually eliminate or atReal estate franchises (and most other franchises)
least minimize the challenges you face when enteringoffer thorough sales training. If you are good at sales
into the real estate investing industry. Real estateanyways, that is a definite bonus. With the help of the
investing has probably made more millionaires than anytrainers you can adopt your life learned sales skills to
other industry in the world. By following a proventhe home buying industry and excel quickly. A home
system and having access to the type of supportbuying franchise offers you the one on one training
system franchises offer, you have a good chance atthat could only otherwise be found by spending tens
following in the footsteps of successful real estateof thousands of dollars on mentoring programs. Also,
insiders.with a franchise that mentorship type of program
Real estate franchises offer a proven business modelnever really ends. Most franchises are offered for 5 or
Most, if not all, new real estate investors, "flippers" etc.more years, so you are pretty much guaranteed these
suffer from being overzealous with no proven gametypes of benefits during that whole time.
plan. A benefit of purchasing a home buying franchiseFranchising makes a lot more sense than just trying it
is that you get a proven strategy and business plan.on your own
Everything is mapped out for you step by step, for theWhen you really put the pencil to the paper and figure
most part. You actually own your own real estateout your risk vs. reward for starting in the real estate
investing business but enjoy the day to day coachinginvesting business, franchises make the most sense.
and insider knowledge that could only otherwise beAsk yourself, how much do I stand to lose by doing it
enjoyed from years and years of experience, brainon my own? Franchise fees are not that much and
picking and relationship forming (not to mention fallingwhat do you think the likelihood of you succeeding is if
on you face several hundred times). Plus, franchisorsyou have the benefits of a franchise in your corner?
only survive if they make there franchisees successful,The franchise costs only a small fraction of what it
which is a definite benefit in and of itself to thewould cost if you just make one or two mistakes on
prospective franchisee.your own. Franchising doesn't guarantee mistakes
Franchises offer name recognitionwont be made, but it certainly does minimize the risk
Real estate investors do not have the huge benefit ofand hopefully maximize the rewards!
name recognition like an established company would.