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LAST UPDATED: September 2024FRANCHISE WEBSITE:&nbsp;<a href="https://www.franchise.networkinaction.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=network-in-action-franchise-costs-fees-profit-and-data-2727227" target="_blank" rel="nofollow">https://www.franchise.networkinaction.com/</a>NUMBER OF LOCATIONS: 200+ groups globallyREPORTED COST TO GET IN: $27,710 - $32,700REPORTED ROI (Item 19): Varies depending on number of groups operated<a href="https://www.franchise.networkinaction.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=network-in-action-franchise-costs-fees-profit-and-data-2727227" target="_blank" rel="nofollow">Network In Action (NIA)</a> is a business networking franchise that provides a structured platform for entrepreneurs and business professionals to connect, share resources and grow their businesses.&nbsp;<h3>How Many Network In Action Locations Are There?</h3>Network In Action was founded in Houston, Texas, by&nbsp;<a href="https://www.linkedin.com/in/scott-talleynia/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=network-in-action-franchise-costs-fees-profit-and-data-2727227" target="_blank" rel="nofollow">Scott Talley</a> in 2014. With a background in business networking, Talley sought to create a more modern and efficient approach to traditional networking groups, focusing on monthly meetings and leveraging technology to enhance member engagement.&nbsp;NIA began franchising in 2015, providing entrepreneurs with the opportunity to run their own networking groups under the NIA brand. Since then, the company has grown steadily and currently boasts&nbsp;<a href="https://www.networkinaction.com/index.php/find-a-group?utm_source=1851franchise.com&utm_medium=article&utm_campaign=network-in-action-franchise-costs-fees-profit-and-data-2727227" target="_blank" rel="nofollow">over 200 NIA groups operating across 25 states in the U.S.</a>, along with an additional nine groups located across Canada, Guyana, Latvia, Lithuania, India and Suriname.<h3>What Is Network In Action’s Business Model?</h3>Unlike traditional weekly networking groups, NIA's model allows members to maintain a better work-life balance while still gaining the benefits of consistent networking. The company leverages technology, including a proprietary app, to facilitate communication, referrals and business tracking among members, enhancing the overall effectiveness of the networking experience.For franchisees, NIA offers a compelling business opportunity with low overhead and flexible operations. Franchise owners are responsible for managing and growing their own local networking groups, supported by NIA’s comprehensive training and ongoing support. The franchising model is designed to be accessible, with no need for a physical office, allowing franchisees to focus on building relationships within their communities. NIA’s proven model and technological tools enable franchisees to operate efficiently, making it an attractive option for entrepreneurs looking to enter the business networking space with a strong support system and a scalable business opportunity.<h3>How Much Can Network In Action Franchise Owners Make?</h3>According to the brand’s&nbsp;<a href="https://www.franchimp.com/?page=pdf&amp%3Bf=103596_2022.pdf&utm_source=1851franchise.com&utm_medium=article&utm_campaign=network-in-action-franchise-costs-fees-profit-and-data-2727227" target="_blank" rel="nofollow">2022 Franchise Disclosure Document (FDD)</a>, franchises reported the following revenue for FY 2021 based on the number of NIA groups they operated:<figure class="table"><table><tbody><tr><td>Revenue</td><td>1 NIA Group</td><td>2 NIA Groups</td><td>3 NIA Groups</td><td>4 or More NIA Groups</td></tr><tr><td>Average Gross</td><td>$24,112</td><td>$39,096</td><td>$73,355</td><td>$126,532</td></tr><tr><td>Median</td><td>$23,167</td><td>$32,542</td><td>$73,879</td><td>$121,764</td></tr><tr><td>High</td><td>$37,146</td><td>$102,151</td><td>$101,435</td><td>$156,511</td></tr><tr><td>Low</td><td>$15,017</td><td>$15,841</td><td>$51,650</td><td>$121,764</td></tr></tbody></table></figure><h3>How Much Does It Cost To Open a Network In Action Franchise?</h3>The initial investment required to begin operation of a Network In Action franchise ranges from $27,710 to $32,700, according to NIA’s 2022 FDD. These costs break down as follows:<figure class="table"><table><tbody><tr><td>Type of Expenditure</td><td>Min</td><td>Max</td></tr><tr><td>Initial Franchise Fee</td><td>$25,000</td><td>$25,000</td></tr><tr><td>Business Licenses &amp; Permits</td><td>$10</td><td>$50</td></tr><tr><td>Computer &amp; Related Tech</td><td>$1,000</td><td>$1,500</td></tr><tr><td>Other Professional Fees</td><td>$1,000</td><td>$2,000</td></tr><tr><td>Insurance Deposit</td><td>$300</td><td>$450</td></tr><tr><td>Initial Inventory, Supplies &amp; Marketing Materials</td><td>$400</td><td>$700</td></tr><tr><td>Additional Funds (3 Months)</td><td>$0</td><td>$1,000</td></tr></tbody></table></figure><h3>What Is the Franchise Fee for Network In Action?</h3>The initial franchise fee is $25,000 to establish an NIA business, with the obligation of establishing a total of three NIA groups. The franchise fee is due upon the signing of the franchise agreement.<h3>Who Is on the Network In Action Leadership Team?</h3><ul><li><a href="https://www.linkedin.com/in/scott-talleynia/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=network-in-action-franchise-costs-fees-profit-and-data-2727227" target="_blank" rel="nofollow">Scott Talley — Founder and Franchise Director</a></li><li>Gerarda Sanchez — Manager</li></ul>What Helpful Articles Can I Read To Learn More About Network In Action?<ul><li><a href="https://www.entrepreneur.com/en-in/growth-strategies/network-in-action-will-continue-harnessing-technological/463458?utm_source=1851franchise.com&utm_medium=article&utm_campaign=network-in-action-franchise-costs-fees-profit-and-data-2727227" target="_blank" rel="nofollow">Network In Action Will Continue Harnessing Technological Advancements to Bolster Connectivity</a></li><li><a href="https://www.zawya.com/en/press-release/companies-news/network-in-action-and-franchise-india-knowledge-services-forge-a-transformative-joint-venture-eqcq1i0c?utm_source=1851franchise.com&utm_medium=article&utm_campaign=network-in-action-franchise-costs-fees-profit-and-data-2727227" target="_blank" rel="nofollow">Network In Action and Franchise India Knowledge Services Forge a Transformative Joint Venture</a></li><li><a href="https://www.franchise.networkinaction.com/blog/traditional-networking-versus-social-media?utm_source=1851franchise.com&utm_medium=article&utm_campaign=network-in-action-franchise-costs-fees-profit-and-data-2727227" target="_blank" rel="nofollow">NIA Daily Dose: Traditional Networking Versus Social Media</a></li><li><a href="https://www.networkinaction.com/index.php/videos/678scott-talley/video/5031-scott-introduces-my-minute?utm_source=1851franchise.com&utm_medium=article&utm_campaign=network-in-action-franchise-costs-fees-profit-and-data-2727227" target="_blank" rel="nofollow">Scott [Talley] Introduces “My Minute”</a></li></ul>Want to learn more about franchise opportunities on 1851 Franchise? Be sure to visit our&nbsp;<a href="https://1851franchise.com/power-rankings">Power Rankings</a> to read more on brands making moves.&nbsp;Every great franchisee had help buying a franchise. Want to learn more about how 1851 helps franchisees find the right franchise opportunity? Visit&nbsp;<a href="https://www.1851growthclub.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=network-in-action-franchise-costs-fees-profit-and-data-2727227" target="_blank" rel="nofollow">www.1851growthclub.com</a> and start your journey.Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.&nbsp;All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content. &nbsp;

Network In Action Franchise - Deep Dive - 1851 Franchise

Network In Action Franchise Costs, Fees, Profit and Data — 1851 Deep Dive

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