10 Tips for Franchise Buyers How to Buy a Traditional or Online Franchise
Tip 1Choose a field you really like. It’s even better ifyou even have experience in this area.
Tip 2Consider new opportunities and industry trends, like ahigh-tech online franchise. Being the new, differentbusiness can help you gain customers.If you choose a newer niche market, this cansometimes help keep your advertising costs low dueto less competition.
Tip 3Select a profitable location. You don’t wanthigh rent, but you do want lots ofcustomers.
Tip 4Unless you are an attorney or accountingprofessional, review your franchise contract withone.
Tip 5Find out from other franchisees what theirexperiences have been with the company withwhich you want to invest.
Tip 6Are there lots of lawsuits between franchiseesand the franchisor?
Tip 7Learn as much as you possibly can about thefranchise you plan to invest with - before youmake your investment. This includes meetingpeople face to face.
Tip 8As you review franchise information, do you findit easy to understand and comfortable orconfusing or unorganized?
Tip 9Are the royalties fair? If you don’t know,compare with with the royalties of similarbusinesses.
Tip 10Is franchising new to you? Don’t be afraid to gethelp. Franchise Consultants can help guide youso you can avoid common mistakes.
Information on online franchises you can start:www.InternetFranchiseCenter.com