Franchise Business Distribution PlanAugust 25, 2021 2021-10-20 15:57
Franchise Business Distribution Plan
Start Your Franchise Business In India
We at, Wise and Rise, offer a comprehensive franchising plan, covering everything from strategic planning to Franchise network management. Our company provides thorough training to the franchisors and franchisees, including those running a startup and ones with an established franchise business.
Franchising is one of the most lucrative and effective ways to grow your company on a domestic and global level without having to raise a large capital. It’s become a popular expansion alternative for all types and sizes of businesses out there. There’s no doubt that franchising is an ideal method for distribution, but it may not always be suitable for every company. Basically, the most reliable and suitable way of product distribution depends largely on the type of products they offer.
Contrary to what’s shown in the media, modern franchising is definitely not the “cheap and quick” way of expansion. That being said, franchising has a high success rate without any critical regulations. The best part is it involves reasonable startup cost, saving you the time and hassle of getting started with a franchise business.
Common Types of Franchises
The speciality of franchising is that it’s pretty flexible, meaning any type and nature of the business can adapt to the franchises effortlessly. Below we have listed the five common types of franchises you should know about.
01 JOB FRANCHISE
It is for individual, ideally work-from-home people who plan on starting a franchise with a low investment. All that a job-based franchise needs are a vehicle for commute, a few pieces of equipment, and limited inventory. The examples are mobile accessories, lawn care services, real estate, transportation and shipping, children’s services, and more.
02 PRODUCT (OR DISTRIBUTION) FRANCHISE
Product franchise involves large businesses that are built on supplier and dealer relationships. In this franchise, the franchisor gives a license to the franchisee to get the products distributed to a large audience. These are usually the products that fall on the pricey side, such as bicycles, electrical appliances, and so on. A franchisor could also license the franchisee to participate in product manufacturing, in addition to distribution.
03 BUSINESS FORMAT FRANCHISE
When it is about franchising in general, we are most likely referring to the business format franchising – the most common type of franchising found in over 70 industries, including fast food, restaurants, fitness, business services, and so on. It is pretty similar to the product franchise, in a sense that the franchisee gets to distribute the product using the franchisor’s trademark. However, it involves the whole business in the distribution and marketing process. The franchisor trains the team for effective promotions and marketing and they lay out a comprehensive plan for the business.
04 INVESTMENT FRANCHISE
It involves large capital investment. The franchisor appoints a franchisee or a management team that’s responsible for conducting business. The job of the franchisor is done with the investment and the rest is managed by the franchisee.
05 CONVERSION FRANCHISE
In a conversion franchise business, the businesses within the same industry are transformed into franchise units. There is a great scope of growth for both franchisor and franchisee in this format of franchising. Examples of industries that adopt this format are home service providers, florists, real estate agents, and electricians.
Franchising: gaining independence through partnerships
Wise and Rise: Your Professional Franchising Consultation Company
Our purpose is to:
- Work closely with different types of companies to decide whether franchising could work as a reliable expansion plan for them.
- Support franchising as well as licensing as effective methods of business expansion.
- Assist clients in business growth through franchising
- Help people set up their own businesses with minimal risk involved
- Generate new jobs opportunities for the community to earn through franchise business
Our values show the purpose of our business and the way we operate.
Passionate: We are extremely passionate about helping others expand their business in India and across the world through an effective franchising plan.
Integrity and Trust: We deliver what we promise. Our team takes full responsibility for our actions and understands that a successful relationship requires the highest level of integrity.
Excellence: We maintain professionalism in every aspect of our job. We value your confidentiality and give our best to deliver excellent services.
Teamwork: The success of any project depends mainly on the team’s hard work and cooperation. We work closely with our clients to deliver premium services, catering to their individual requirements.
Franchising offers a plethora of unique and innovative opportunities for growth. However, it works when an effective franchising business plan is deployed and followed, along with strategic planning. In addition to that, it requires regular support from professionals and careful monitoring. Wise and Rise is known for generating a personalized franchising business plan for every business. Here is what we help you with –
Franchise Business Services we offer: for new franchisors
- Strategic and careful planning
- Feasibility studies
- Package development
- Developing effective financial models
- Offering support and training programs
- Trademark registration
- Detailed operation manuals
- Developing franchising contracts
- Handling pilot operations
- Relations and network management
- Producing a market plan