Franchising your business opens up at least 35 new ways to monetize your existing business.
STOP COMPETING on local sales alone. Its craziness.
- Franchise Fees: Charging an initial fee for each new franchise sold.
- Royalty Fees: Collecting ongoing percentage royalties from franchisees based on gross sales.
- Advertising Fees: Charging a national advertising fee to cover brand marketing and advertising efforts.
- Supply Markups: Selling proprietary products and supplies at a markup to franchisees.
- Training Fees: Charging fees for initial and ongoing training for franchisee staff.
- Equipment Leasing: Leasing essential equipment to franchisees.
- Technology Fees: Charging for access to a custom CRM or management software.
- Marketing Materials: Selling branded marketing collateral, such as signage, uniforms, and vehicle wraps.
- Exclusive Territory Fees: Offering additional territories to existing franchisees for a fee.
- Consulting Services: Providing paid consulting services to franchisees to boost performance.
- Real Estate Assistance: Charging for real estate assistance, location scouting, or lease negotiations.
- Lead Generation Fees: Offering a lead generation service to franchisees for a fee.
- Branded Products: Selling proprietary cleaning agents, tools, or accessories exclusive to the brand.
- Franchise Resale Fees: Charging fees on the resale of franchises.
- Supplier Rebates: Partnering with suppliers for rebates on bulk orders or referrals.
- Warranty and Support Plans: Offering extended warranty or support services for franchisee equipment.
- National Accounts: Earning revenue from securing national accounts that are serviced by franchisees.
- Field Support Fees: Charging for specialized field support visits or on-site training.
- Additional Training Programs: Offering advanced courses or certifications for an extra fee.
- Regional Conferences: Hosting paid regional or national conferences with training, networking, and workshops.
- Certification Programs: Offering certifications for certain services to improve franchisee skills and profitability.
- E-commerce Sales: Selling branded products online with a portion of sales benefitting the franchisor.
- Fleet Management Services: Providing fleet management or GPS tracking at a monthly fee.
- Employee Training Programs: Charging for employee onboarding and training for franchisees.
- Call Center Services: Offering a centralized call center to book jobs for franchisees.
- Financing Assistance: Partnering with financial institutions to offer financing, earning a referral commission.
- Data and Analytics: Charging a fee for advanced analytics or benchmarking reports.
- Co-Op Advertising: Offering local co-op advertising opportunities with shared costs.
- Performance Incentives: Charging an administration fee for incentive or rewards programs for franchisees.
- Licensing of Proprietary Software: Licensing specialized, branded software tools for service tracking.
- Brand Licensing for Products: Licensing the brand to third-party products related to home services.
- Mobile App Subscriptions: Providing a mobile app that connects customers directly to franchisees.
- Sales Training Programs: Offering in-depth sales training courses tailored for franchise staff.
- Enhanced Customer Support: Providing premium customer support services as an upsell for franchisees.
- Social Media Management: Offering social media and reputation management services for a monthly fee.