What They Are and Why Invest in Them
Posted: Mon Jan 06, 2025 10:13 am
The way online franchises work is very similar to physical franchises, except that they do not have a store. In addition to their profitability, investment and operating costs are lower.
A profitable franchise does not depend on whether or not it is online, but experts say that it is more interesting, that prestige comes almost instantly, that the investment is recovered within 18 months and that the cost is much lower.
Steps to create your own franchise
Did you know that you can create a profitable franchise in just 5 steps ? We've provided the details of each step below.
Step 1: Register the trademark
You have to register your trademark number library and patents to be the legitimate owner of your business model.
Step 2: Select a scalable business model
If all goes well, you could be on your way to owning a profitable franchise . But be careful! Not every brand is scalable. That is, there has to be a way to grow and have an operating model that can be taught.
Step 3: Advise you on legal issues
Once you launch your franchise, you have to be legally responsible for those who become franchisees. That means: you have to provide them with products, regulate or provide the facilities to work, train them, advise them legally and share reports on the profitability of the brand.
Step 4: Define the target
Your franchisee is your partner, your client and the new face of your business. Therefore, you should be able to define their profile as well as that of your target sales, to know if they are qualified to represent you.
Step 5: Establish a business plan
Before you go out and find or accept franchisees, you need to have a business plan that defines boundaries. How many countries or regions will you cover? How many franchises will you extend your reach to? Make sure the answers you come up with are manageable so you don't lose out on profitability and success.
You already know how to be a franchisee and franchisor. Now you can run a profitable franchise . But what are the most profitable franchises ? We are going to give you some examples so that you can take ideas from success stories!
Successful examples of franchises
Franchises have proven to be successful in all kinds of sectors and there are many examples to prove it. In this case, we will review some of the best known at national and global level.
Food franchise example: McDonald's
This food chain, which was founded in 1955 in the United States, is one of the main examples of how a brand can generate franchises throughout the world. With its characteristic giant “M” and its red and yellow colors, it has managed to create an empire with more than 40,031 restaurants in 119 countries.
A profitable franchise does not depend on whether or not it is online, but experts say that it is more interesting, that prestige comes almost instantly, that the investment is recovered within 18 months and that the cost is much lower.
Steps to create your own franchise
Did you know that you can create a profitable franchise in just 5 steps ? We've provided the details of each step below.
Step 1: Register the trademark
You have to register your trademark number library and patents to be the legitimate owner of your business model.
Step 2: Select a scalable business model
If all goes well, you could be on your way to owning a profitable franchise . But be careful! Not every brand is scalable. That is, there has to be a way to grow and have an operating model that can be taught.
Step 3: Advise you on legal issues
Once you launch your franchise, you have to be legally responsible for those who become franchisees. That means: you have to provide them with products, regulate or provide the facilities to work, train them, advise them legally and share reports on the profitability of the brand.
Step 4: Define the target
Your franchisee is your partner, your client and the new face of your business. Therefore, you should be able to define their profile as well as that of your target sales, to know if they are qualified to represent you.
Step 5: Establish a business plan
Before you go out and find or accept franchisees, you need to have a business plan that defines boundaries. How many countries or regions will you cover? How many franchises will you extend your reach to? Make sure the answers you come up with are manageable so you don't lose out on profitability and success.
You already know how to be a franchisee and franchisor. Now you can run a profitable franchise . But what are the most profitable franchises ? We are going to give you some examples so that you can take ideas from success stories!
Successful examples of franchises
Franchises have proven to be successful in all kinds of sectors and there are many examples to prove it. In this case, we will review some of the best known at national and global level.
Food franchise example: McDonald's
This food chain, which was founded in 1955 in the United States, is one of the main examples of how a brand can generate franchises throughout the world. With its characteristic giant “M” and its red and yellow colors, it has managed to create an empire with more than 40,031 restaurants in 119 countries.