|
More about home based franchises |
|
Show all FAQs -
General
|
To better describe what a home based franchise is, first we must be familiar with what differentiates a franchise from other forms of businesses. The foundational value of a franchise is typically its name, the trademarks associated with the name, the benefit to the Franchisee of the marketing dollars spent by the Franchisor to build recognition of the brand, and tried-and-true systems and procedures that have been proven to work in various markets. A franchise allows an entrepreneur to avoid "reinventing the wheel" by utilizing the Franchisor’s proven tactics to launch into business ownership. For instance, McDonald’s fast food restaurants are a franchise business model. The Franchisor (the corporate headquarters) provides all the advertising and marketing, the packaging, the vendor relationships, t he business plan, the training, etc. The Franchisee purchases the franchise territory, and makes royalty payments to the Franchisor.
A Franchisee agrees to pay a fee to the Franchisor in exchange for permission to operate a business or sell a product or service using the established business name and systems. The Franchisee is usually granted an exclusive territory in which he or she is the only distributor of the particular goods or services in that area. The Franchisor is usually obligated by contract to assist the Franchisee through advertising, promotion, research and development, quantity purchasing, training, education, and/or other specialized management resources.
Additionally, certain laws, known as Franchise Disclosure laws, are in place to protect the Franchisee/Franchisor relationship, requiring the Franchisor to disclose certain facts such as the true cost of operating the Franchise, the background of the company and all fees involved. Although franchise deals can be different, they usually require up-front franchise fees, and/or monthly or quarterly royalties paid to the Franchisor.
Work-from-home franchises are simply businesses that have utilized the franchise business model for home-based or home-office business. Independent entrepreneurs can purchase and operate a franchise out of their homes, reducing many of the higher costs of operation such as commercial lease expenses and the cost of employees.
GoMatador.com has many listings for work from home franchises. Home-based franchises are an excellent way to start entrepreneurship with an arsenal of information and support, and they are often more affordable than you may think. We recommend you explore them carefully and thoroughly to ensure you make the best choice for your goals.
|