Start A Franchise Ownership Business - Business Ideas

Updated: September 15th, 2022
Start A Franchise Ownership Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

Starting a franchise ownership business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell franchise ownership, or selling franchise ownership online, you can use this page as a guide for everything you'll need to know.

Key Stats

market size
$788B

Successful Businesses

Business URL Rank

EzineArticles

ezinearticles.com

20,575

The Best Franchise Opportunities & Franchises for Sale

franchisedirect.com

43,914

Fleet Fleet

fleetfeet.com

46,778

UnFranchise Business Account

unfranchise.com

52,092

MOLLY MAID

mollymaid.com

87,635

jiffylube

jiffylube.com

104,809

Mr. Handyman

mrhandyman.com

136,357

Budget Blinds

budgetblinds.com

145,152

International Franchise Association

franchise.org

146,516

Franchise Gator

franchisegator.com

149,683

School of Rock

schoolofrock.com

160,107

Marketing Ideas

  • 1

    Direct Sales

    Direct sales strategy implies a direct contact between a seller and a consumer without the involvement of any third party. Direct selling is popular in sectors where sellers communicate with their clientele personally. The sales technique occurs at non-store locations which include at home, work, or online.

    For direct selling to succeed, hire a few (or many) salespeople to support the sales conversion process. It's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

    Learn more about direct sales ➜

  • 2

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.

    Learn more about word of mouth ➜

  • 3

    Partnerships

    A partnership is a formal agreement between two or more entities to oversee business operations and share profits and liabilities.

    Creating strategic partnerships with an existing business can be a huge win for a startup.

    This is considering that a partnership creates a new slate of future options for your startup.

    On the other side, pursuit of partnerships could suck up a ton of time, and bunch of resources, and fail to materialize.

    Therefore, entrepreneurs need to do proper research and evaluate the possibilities of achieving success through partnerships.

    Learn more about partnerships ➜