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Does anyone own a popular franchise?

by rushindo
9 replies
Do any of you own a popular franchise, such as Subway, UPS Store, etc?

If so, what do you own?
#franchise #popular
  • Profile picture of the author myob
    I own a Keller Williams real estate franchise. Although I maintain a real estate broker's license, I'm not personally involved in listing or selling.
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    • Profile picture of the author rushindo
      Originally Posted by myob View Post

      I own a Keller Williams real estate franchise. Although I maintain a real estate broker's license, I'm not personally involved in listing or selling.
      Do you continue to pay franchise fees even though you're not invovled in listing in selling?
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      • Profile picture of the author myob
        Originally Posted by rushindo View Post

        Do you continue to pay franchise fees even though you're not invovled in listing in selling?
        Selling and listing is only part of running real estate brokerage offices and managing teams.

        I pay the standard franchise royalty fees, plus ad co-op, professional associations, MLS, etc.

        Generating leads for my in-house brokers and agents is my primary focus.
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        • Profile picture of the author ewenmack
          I use to then went independent.

          It was a lawn care franchise.

          I learnt how to get and keep clients
          so I didn't need the franchise anymore.

          When I left them, 100% of the clients
          came over to me.

          So much for their branding pitch
          they give.

          Best,
          Ewen
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  • Profile picture of the author myob
    Franchises are also independently owned and operated, but the advantages of having a proven system, leveraging economies of scale, and networking can sharply reduce the learning curve. For example, teenagers can be trained to run a McDonald's franchise.

    I hate real estate, but it's easy money. As a KW franchisee, all the heavy lifting has already been done and I have professionals and consultants on call who have a vested interest to provide specialized insights on navigating the ever-changing marketing landscape.
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    • Profile picture of the author rushindo
      Originally Posted by myob View Post

      Franchises are also independently owned and operated, but the advantages of having a proven system, leveraging economies of scale, and networking can sharply reduce the learning curve. For example, teenagers can be trained to run a McDonald's franchise.

      I hate real estate, but it's easy money. As a KW franchisee, all the heavy lifting has already been done and I have professionals and consultants on call who have a vested interest to provide specialized insights on navigating the ever-changing marketing landscape.
      You feel like real estate is easy money? I assume you mean how someone is always looking to buy and sell and the only challenge is getting in front on those people and getting them to choose you as an agent - which isn't that hard.
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  • Profile picture of the author DURABLEOILCOM
    I was condering opening a UPS Store, is it still a great business or are there better franchises for less money?
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    Ready to Be The Bo$$!?!

    Start Your Own Business Today!
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    • Profile picture of the author myob
      Originally Posted by DURABLEOILCOM View Post

      I was condering opening a UPS Store, is it still a great business or are there better franchises for less money?
      In case you haven't heard, MLM is the best and least expensive franchise type business of all time.
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  • Profile picture of the author myob
    Originally Posted by rushindo View Post

    You feel like real estate is easy money? I assume you mean how someone is always looking to buy and sell and the only challenge is getting in front on those people and getting them to choose you as an agent - which isn't that hard.
    Yes, it's perhaps the easiest money-maker of all, and a powerful lead generator for my other enterprises. People need a place to live, and move somewhere else every 3-7 years on average.

    I have a content marketing system that drives massive quantities of buyer and seller real estate traffic and maintains daily contact throughout the buyer/seller transaction cycle. Most of this process is automated through article syndication in demographically targeted online/offline publications and autoresponders which is supplemented with extensive direct mail, telemarketing, seminars, open houses, trade shows, door-knocking, flyers, etc. It's easy money for me because there is hardly any competition that comes close in my marketing areas.

    P.S. I also make lotsa money from many of these same prospects who don't buy or sell real estate from me.
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