Know More About Franchising a Business ? Business Centired - For ...

The Basics of Website Franchising

Looking at the details of a popular food business franchise will provide us clarity in this matter:

It was during the buying of the name of a long-before successful food-chain by a business icon from his brothers when the definition of ?business? was significantly revised. Expansion then became the next thing on his mind during the time his business was getting more and more customers and gaining rising acclaim from those who experienced his products. Something that was a huge dilemma for him was the fact that he would have to altogether take care of different restaurants and he did not want this to happen. This would just give him too much to think about. Having another outlet somewhere in town, he thought, would be very doable if someone other than him would own it and thus, have the responsibility of operating it. Four percent from how much that particular individual who owns and manages the outlet would gain in revenue would then be paid to this business genius due to his status as company owner. A very good majority share of ninety-six percent of that outlet?s revenue would naturally go to the one who owns said outlet.

He then opened another outlet, and then another and then another, and so forth after seeing that such business strategy worked on his first try. Now, his restaurant can be seen all throughout the globe amounting to more than 30,000 outlets. A simple method to get the gist of how franchising made him a legend in the financial district is to use made-up values to explain how his revenue multiplies:

Consider that ten hours is the amount of time between the opening and closing of his restaurant. 30,000, basing from the rounded-off value stated previously, is the number we allocate for the number of outlets he has. A whopping three hundred thousand work hours are getting done by his business per day! And that amount-the four percent-which he takes from every business outlet is, say, one hundred dollars. After all the calculations, you then discover that this brilliant man makes three million dollars on a single day. Genius would actually fall short of describing what he has accomplished!

In the internet realm, on the other hand, the question now is ?how will this business strategy fit? Actually, it is not that difficult. Hosting a webpage is not that expensive; like twenty dollars a month. Building the website would not also be a problem because there is an online service that will do that job for you.

You website will then have to be promoted and advertised. With growing traffic, accounts will then be constructed to make a network. The money you earn every month will grow as the number of franchises you have increases. Thus, if the price to host a website is ten dollars, the number of accounts necessary for you to reach, let?s say, ten thousand dollars every month would be a mere 1,000.

Considering to get an e-business franchise is arguably the most ingenious method to earn through the internet industry. Understanding how to make your money grow from a few thousands to a million or so by using your own computer would be fairly easy for you if you are familiar with the basic business principles of all the popular fast-food chains in the world.

Search Blu-eprint into Bing; do you discover what you need? Next time you put in free franchise, you?ll see that these links are what you really desired!

This entry was posted on Wednesday, February 8th, 2012 at 3:29 pm by Carlo Iacono and is filed under Business. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Source: http://business-centired.co.za/2012/02/know-more-about-franchising-a-business/

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