The United States Census Bureau found that 10.5 percent of businesses were franchise businesses in 2007. Interestingly enough, these business were over represented in the total sales category, accounting for $1.3 trillion of the $7.7 trillion in sales. So what is the secret to Franchises success, and what benefits do franchises offer that keeps them ahead of other businesses?
Mobile Repair franchise offer reliable supply chain
Well to be fair, half of the $1.3 trillion dollars in sales was made up by auto sales. Without including auto-sales, franchises still make up more than 10.5 percent of sales. This is because Franchises offer a reliable supply chain, a recognizable name, and aide to franchisees when in jams. Franchisers know that the success of individual stores affects the success of a franchise as a whole— a high attrition rate will dissuade investors and future franchisees alike.
There are some very specific benefits that mobile repair franchises offer, and we can use Mobile Repair franchise as an example. Firstly, a Mobile Repair franchise has long term partnerships with reliable vendors for both tools and parts. This will save the hassle of choosing the right suppliers, and the trouble of finding out whether or not a supplier is up to par. On top of this, they know who else to trust if their vendors cannot complete an order, which is extremely rare.
Mobile Repair franchise offer quick set up
A second benefit Mobile Repair franchise offers the future franchisee is a quick set up. Because they have the experience of 20 store openings, they can get an owner and team of workers trained and working within weeks. This will get a business producing revenue and turning a profit faster than stores that go it alone.
Additionally Franchises offers free marketing for their stores. This includes marketing in the stores location, fliers, business cards, posters, the stores location on a website that has 20,000 views per day, and products with the name on the packages. This adds up to a store being known in its area from the moment it opens its doors, which will ease the process of the start up.
Staying informed and up to date is pivotal to being successful in any industry. Franchise have taken this to heart and offers newsletters and webinars to help keep each location informed and working effectively. They also inform owners insights into the latest repair techniques and information about new devices as well.
in Mobile Repair franchise individuals are linked together
The final and most important benefit is access to a community of like minded business owners, who are willing to help others stores be successful. In a franchise, individuals all sink or swim together,
and the success of one store is indirectly linked to all others. If one or several stores are not promoting the brand to the highest standards, online reviews will hurt the other locations. The guidance other store owners can offer is invaluable, and helps new owners through the process.
The benefits of being a part of a cellphone repair franchise are proven and tested, and well worth the franchising license. Find out more about franchising and apply online todays.