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10 Tips for Franchise Buyers

 How to Buy a Traditional or Online Franchise
Tip 1



Choose a field you really like. It’s even better if
you even have experience in this area.
Tip 2


Consider new opportunities and industry trends, like a
high-tech online franchise. Being the new, different
business can help you gain customers.

If you choose a newer niche market, this can
sometimes help keep your advertising costs low due
to less competition.
Tip 3


Select a profitable location. You don’t want
high rent, but you do want lots of
customers.
Tip 4


Unless you are an attorney or accounting
professional, review your franchise contract with
one.
Tip 5


Find out from other franchisees what their
experiences have been with the company with
which you want to invest.
Tip 6



Are there lots of lawsuits between franchisees
and the franchisor?
Tip 7

Learn as much as you possibly can about the
franchise you plan to invest with - before you
make your investment. This includes meeting
people face to face.
Tip 8


As you review franchise information, do you find
it easy to understand and comfortable or
confusing or unorganized?
Tip 9


Are the royalties fair? If you don’t know,
compare with with the royalties of similar
businesses.
Tip 10


Is franchising new to you? Don’t be afraid to get
help. Franchise Consultants can help guide you
so you can avoid common mistakes.
Information on
  online franchises
    you can start:

www.InternetFranchiseCenter.com

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10 Tips for Online Franchise Buyers

  • 1. 10 Tips for Franchise Buyers How to Buy a Traditional or Online Franchise
  • 2. Tip 1 Choose a field you really like. It’s even better if you even have experience in this area.
  • 3. Tip 2 Consider new opportunities and industry trends, like a high-tech online franchise. Being the new, different business can help you gain customers. If you choose a newer niche market, this can sometimes help keep your advertising costs low due to less competition.
  • 4. Tip 3 Select a profitable location. You don’t want high rent, but you do want lots of customers.
  • 5. Tip 4 Unless you are an attorney or accounting professional, review your franchise contract with one.
  • 6. Tip 5 Find out from other franchisees what their experiences have been with the company with which you want to invest.
  • 7. Tip 6 Are there lots of lawsuits between franchisees and the franchisor?
  • 8. Tip 7 Learn as much as you possibly can about the franchise you plan to invest with - before you make your investment. This includes meeting people face to face.
  • 9. Tip 8 As you review franchise information, do you find it easy to understand and comfortable or confusing or unorganized?
  • 10. Tip 9 Are the royalties fair? If you don’t know, compare with with the royalties of similar businesses.
  • 11. Tip 10 Is franchising new to you? Don’t be afraid to get help. Franchise Consultants can help guide you so you can avoid common mistakes.
  • 12. Information on online franchises you can start: www.InternetFranchiseCenter.com