Tech Getz

Main Menu

  • Mobile
  • Apple
  • Computer
  • Contact Us
Sign in / Join

Login

Welcome! Login in to your account
Lost your password?

Lost Password

Back to login

logo

  • Mobile
    • Oneplus 9 pro launching on March 23

      03/10/2021
      0
    • JIO starts 5G service in India next year:Mukesh Ambani

      12/08/2020
      0
    • Xiaomi Mi 10 pro launched with 5G

      03/29/2020
      0
    • Redmi Note 9 Pro launched Rs 14999

      03/12/2020
      0
    • RealMe 6 pro launch in India on March 5

      02/26/2020
      0
    • Vivo S1 Pro Review

      01/27/2020
      0
    • Why Android Studio for App development?

      01/23/2020
      0
    • samsung Galaxy A50 specification and review

      12/28/2019
      0
    • How to stop adding someone to Whatsapp Group

      12/24/2019
      0
  • Apple
    • The story of Jobs and Ipod

      11/16/2020
      0
    • Jobs firing and return to Apple Inc

      10/09/2019
      0
    • Apple iPad 2018 Vs iPad 2017

      03/29/2018
      0
  • Computer
    • JIO starts 5G service in India next year:Mukesh Ambani

      12/08/2020
      0
    • How to enable WhatsApp 'Disappearing Messages' feature

      11/19/2020
      0
    • What is data Analyst and Scope?

      11/08/2020
      0
    • What is for Looping in C?

      09/29/2020
      0
    • Which is the first program language from Bill Gates

      09/20/2020
      0
    • Tiktok rival launched by Youtube

      09/16/2020
      0
    • Which is the first video Conferencing App In the World

      08/23/2020
      0
    • What are the Retan Tata's Investments in Startups

      08/13/2020
      0
    • What are Chinese Social Media Applications

      07/14/2020
      0
  • Contact Us
Business
Home›Business›What is franchise Business?

What is franchise Business?

By fazilmuhammed
12/26/2019
630
0
Share:

Franchise is business model the company sell the right to third party their business logo, name, and model.It is a method of distributing products or services. The two levels of people are involved in a franchise system: (1) the franchiser, who establishes the brand’s trademark or trade name and a business system; and (2) the franchisee, who pays a royalty and often an initial fee for the right to do business under the franchiser name and system.

  • A business opportunity does not generally feature the seller’s trademark; buyers operate under his or her own name.
  • Business opportunities tend to be less expensive than franchises and generally don’t charge ongoing royalty fees.
  • Business opportunities allow buyers to proceed with no restrictions as to geographic market and operations.
  • Most business opportunity ventures have no continuing supportive relationship between the seller and the buyer; after the initial package is sold, buyers are on their own.(source:entrepreneur)
  • The strength of franchising is its ability to bring independent retailers  using a single trademark and business concept.
  • The benefits of this affiliation are : brand awareness, uniformity in meeting customer expectations, the power of pooled advertising and the efficiencies of group purchasing.
  • For the individual owner, there are several advantages to franchising.
  • The ever present risk of business failure is reduced when the business program has already proved to be successful in the marketplace
  • The use of an established trademark saves the business owner the cost of creating and advertising a name that customers will recognize; and the advantages of group advertising and purchasing make operations more profitable.
  • Training creates an instant operational expertise that would otherwise need to be acquired through trial and error.
  • Franchising, expansion seems to come more naturally. Operating a successful franchise may quickly lead to building a second and then a third business, and so on. Fortunes have been built this way.

The Benefits of franchising

  • Reduction of risk
  • Turnkey operation
  • Standardized products and systems
  • Standardized financial and accounting systems
  • Collective buying power
  • Supervision and consulting readily available
  • National and local advertising programs
  • Point-of-sale advertising
  • Uniform packaging
  • Ongoing research and development
  • Financial assistance
  • Site selection guidance
  • Operations manual provided
  • Sales and marketing assistance

The franchise system to invest in, you want to evaluate the types of support you will be provided and how well the franchiser is managing the evolution of the products and services so that it keeps up with changing consumer expectations.  Some of the more common services that franchiser provide to franchisees include:

A recognized brand name,

Site selection and site development assistance,

Training for you and your management team,

Research and development of new products and services,

Headquarters and field support,

Previous Article

What is Bitcoin? Details, History

Next Article

samsung Galaxy A50 specification and review

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Business

    App Helps you Look Like World Travellers on social media

    08/06/2018
    By fazilmuhammed
  • BusinessEntertainment

    What is Freelancer?

    08/17/2019
    By fazilmuhammed
  • BusinessUncategorized

    Infosys Indians IT firm

    05/10/2019
    By fazilmuhammed
  • Business

    The lesson from Kodak downfall

    04/29/2019
    By fazilmuhammed
  • AutomobileBusiness

    How Did Henry ford establish the Ford Motor Company

    09/26/2019
    By fazilmuhammed
  • Business

    Azim Premji the Indian Business man step down

    06/08/2019
    By fazilmuhammed

Leave a reply Cancel reply

  • Business

    Samsung Anniversary Offer Sale

  • Business

    Bill Gates removed from 2nd place

  • Computer

    Tiktok rival launched by Youtube

  • Recent

  • Popular

  • Comments

  • Oneplus 9 pro launching on March 23

    By fazilmuhammed
    03/10/2021
  • JIO starts 5G service in India next year:Mukesh Ambani

    By fazilmuhammed
    12/08/2020
  • How to enable WhatsApp ‘Disappearing Messages’ feature

    By fazilmuhammed
    11/19/2020
  • The story of Jobs and Ipod

    By fazilmuhammed
    11/16/2020
  • What is data Analyst and Scope?

    By fazilmuhammed
    11/08/2020
  • Oneplus 9 pro launching on March 23

    By fazilmuhammed
    03/10/2021
  • WHAT IS BELUGA CAVIAR

    By fazilmuhammed
    07/23/2017
  • BEST SELLING AUTOMOBILES

    By fazilmuhammed
    07/23/2017
  • Rare Stories About Dr. APJ Abdul Kalam

    By fazilmuhammed
    07/26/2017
  • Is it coffee help you live longer?

    By fazilmuhammed
    08/02/2017

Tech News

  • MobileTechnology

    Oneplus 9 pro launching on March 23

    The waiting is over for Oneplus 9 pro, the phone will be launching on March 23. The main feature of the phone camera is provided by Hasselbad. The Hasselbad is ...
  • ComputerMobile

    JIO starts 5G service in India next year:Mukesh Ambani

    Jio 5G service will be launch may be in June 2021 said Mukesh Ambani during his keynote at India Mobile Congress 2020.Jio developing affordable android phone. The collaboration with Google ...
  • Computer

    How to enable WhatsApp ‘Disappearing Messages’ feature

    In the new updation of Whatsapp introduced new feature is disappearing message feature. This feature is once enabled, new messages sent in the individual or group chat will disappear after ...
  • Apple

    The story of Jobs and Ipod

    Ipod is the Apple’s one of the creative productive. In the 1990s walkman is the portable music player, but it is bulky. In the time Steve Jobs things 1000 music ...
  • Computer

    What is data Analyst and Scope?

    The data analyst can do the transforming data into information. This will improve knowledge and business. Now data analysis plays a role in making decisions more scientific and helping businesses ...

About Us

Contact Us


  • +919995217791
  • techyget@gmail.com
  • Recent

  • Popular

  • Comments

  • Oneplus 9 pro launching on March 23

    By fazilmuhammed
    03/10/2021
  • JIO starts 5G service in India next year:Mukesh Ambani

    By fazilmuhammed
    12/08/2020
  • How to enable WhatsApp ‘Disappearing Messages’ feature

    By fazilmuhammed
    11/19/2020
  • The story of Jobs and Ipod

    By fazilmuhammed
    11/16/2020
  • Oneplus 9 pro launching on March 23

    By fazilmuhammed
    03/10/2021
  • WHAT IS BELUGA CAVIAR

    By fazilmuhammed
    07/23/2017
  • BEST SELLING AUTOMOBILES

    By fazilmuhammed
    07/23/2017
  • Rare Stories About Dr. APJ Abdul Kalam

    By fazilmuhammed
    07/26/2017

Follow us

© Copyright TECHGETZ. All rights reserved.