Hi Everyone,
I am looking for a bit of advice here.
We are an online print company and are looking to go down the virtual franchise route. Our main competitors are the likes of printing dot com however our prices are far more competitive than theirs and we aim to offer a much better and easier to use service.
In order to prove that our franchise network will be a viable business for people to make money from I have given the 1st six territories away however this is kinda got me thinking???
What if I were to give all our territories away throughout the UK within this year test period? As you all know we are in the middle of a recession and companies just simply don't have the money to invest that they maybe did a couple of years ago.
The way I see it, if you make it easy for the right person to get into the UK network and work hard to make sure everyone gets the right backup and support then the brand will grow much quicker and it means clients are then dealing with local representatives of the company which will in turn build confidence and trust.
I know it sounds crazy giving these away but surely when you look at the bigger picture of having 121 areas in the UK covered locally and each bringing in regular work it is worth it.
All we will ask of the test franchisees is at the end of 12 month trial period that they have to pay the fees for the transition to a formal Franchise. At present, I expect this to be in the region of £4000. Hopefully by this point the franchisee will have made more than enough money to justify this.
Our Virtual franchises will primarily be suited to businesses already buying print on a fairly regular basis (graphic designers/print managers/web designers) although all people who apply will be considered.
The franchisees will be paid on a weekly basis 20% commission on all net sales within their territories and they can operate from their home or existing premises.
I would really appreciate all of your thoughts as to whether this is a good idea or not?
Kind Regards
Colin
You can view our business via the url link in our profile if you would like to see more about us.
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