FranX | Who Wants Da Benjamins? How To Get Rich Owning a Franchise

The Next McDonald's (Big Idea)

Making your franchisees rich - what does that mean for your franchisees and franchisee candidates?

Is it about building up “a great deal of money or assets”?

Is it about creating “abundance"?

When it comes to franchisee satisfaction, at the human level, rich has many variations, standards and meanings. Is it income replacement? Is it legacy building? Is it income replacement supplemented with a better lifestyle? Is it owning a low start-up cost business with the opportunity to move up the income ladder?

What does rich mean for your franchisees and how does your franchise help get them there?

Once you know this, your franchise sales marketing becomes much easier!

News You Can (Actually) Use

• The TRUTH about Multi-Unit Leadership in Restaurants
• Post-Pandemic Revenge Spending is COMING

Killer Brands

Snapology is the leader in children’s supplement education with LEGO brand bricks, robotics, and more. The Snapology team is tested, there’s tons of franchisee validation, and post-pandemic, what better way to prepare for the surge in experience-based education?

Franchisees Kicking Ass: The Franchisee Is King

Dan Jones has spent the past 25 years leading large hospitals and healthcare systems, including St. Francis Medical Center, where he currently serves as CEO. This year, Jones is adding “business owner” to his already impressive resume as one of the newest franchisees with Pool Scouts*, the 50-plus-unit pool cleaning franchise out of Virginia.

Jones has signed on to open six territories with Pool Scouts in the franchise's largest development deal to date. His business, which is set to open in June, will service the Scottsdale area from Cave Creek to Tempe East through Fountain Valley.

Read Dan's full story here.

Yo Broker, Sell My Franchise

Sure, franchising is a great way for a business to grow. That doesn’t mean it’s right for every business. Why?

1. Franchising is expensive
2. Not all businesses work as franchises
3. Not all business people are meant to be franchisors

And plenty of other reasons. But, once you pass GO! on key checklist items, THEN, you need to get the business ready for growth. Many brands use broker networks to help facilitate world domination.

Learn more about why you shouldn't franchise your business.

The Bottom Thoughts

Who knew Cuba Gooding Jr. was talking about franchising this whole time when he screamed, “Show me the money.”

When prospects buy into franchise brands, there is no doubt this sentiment is part of their decision-making process, no matter how many times they tell you they are not in it for the money. If a prospect says, “I am just not in this for the money,” they probably aren’t a good prospect anyway. You want franchisees who want to make tons of dough, because, well, then you make more dough through royalties.

Can franchisees get rich through franchising? Totally. Will all of them? Absolutely not. Why? Scale.

Scale is how you build wealth in franchising. Find us a franchisee who built wealth off of 1 unit and we will find you 100 who built wealth from more than 5.

Are you educating them on growth in the initial discovery stages? Are you highlighting franchise owners who continuously grow in your system? Are you giving them your blueprint to success?

Money doesn’t make the world go round, but it certainly can buy you a plane ticket that will take you around the world. Get rich franchisees.