13 Franchise Businesses That Can Fetch You Good Money

#Business

The global business community is growing at a rapid speed. New and old companies are coming up stronger. These companies craze for expansion and thirst for profits create the opportunity for you to make yourself rich without much sweat.

In the blog, I’m going to educate you on how you can tap into this great opportunity created by this industry, despite the fact that this concept is not new in our country. I’ve discovered that a lot of people are not seizing this opportunity that can turn their life around for the better.

I’m talking about franchise. It’s one of the biggest businesses on the planet earth today, and a lot of people around the world have made fortunes in this money spinning business. And here the question comes, what is franchise?

It simply means permission to sell a company’s good or services which is given or sold to a business person. Franchise is the most successful device for small business ownership ever invented. One person invests his or her own capital and builds a retail concept using the trademark and proven business systems of the franchisor.

Look at this, a young oil tools supplier in Warri, the oil city in Delta State cashed on this opportunity many years ago, when he discovered that the conventional method of operations by the suppliers to the oil companies is gradually fading away.

The oil companies were tired of the Jack-of all-trade suppliers; majority of them were reducing their supplies to specialized ones that has direct links with the manufacturers.

This young businessman wrote to a professional tools and equipment company in America, asking them to grant him the right to sell their product in Nigeria. And they granted him the right and the deal was sealed.

Armed with this privilege, he approached some of the oil companies and was able to secure a major account with some companies. You could imagine what happened to him now. The young man has been raking in millions of naira from his supply business, with the help of the products from his franchisor. Hmmm… how do you like this? It’s cool.

Here are some of the franchising businesses you can tap into:

1.     Commercial Cleaning Services

Cleaning services is one of the biggest businesses that bring in good money. You can buy the right from the overseas companies that already involved in the business and start cleaning business. Here, you can order for equipment and machines for cleaning industries’ offices, street for government, buildings and offices for private organization.

2.     Food Waste Management Services

In the food waste management business, the foreign companies will supply you with information and equipment on how to handle food wastage and other things concerning food packaging. You can make good money in providing this service.

3.     Communication Services

with the advent of telecommunication, a lot of people are making real cool money in this sector. The overseas companies will give you permission to operate telephone services and mail services. They will back you up with telecommunication equipment and vital information to grow your business.

4.     Paper Shredding Services

This involves selling of paper shredding equipment and taking up contract from private or government organization for paper shredding. The foreign companies will provide you with this equipment and other information on agreement.

 5.     Rental Services

Since not all private organizations or individuals can buy industrial machines and equipment, some people tap into this rental business. Therefore, all the information on technical know-how and equipment concerning rental business will be supplied to you on agreed percentage.

6.     Science and Computer Education Services

In this sector, the foreign companies will supply you with equipment and vital information on science and computer services. This may include setting up a training Center on science and computer education and also supplying science and computers and accessories to private sector and various government organization.

7.     Electroplating Services

The target area include auto industries and other accessories, designing and decorating industries, gift items, household wares, jewelries and companies dealing on mental materials. Think of how much you can make providing these services.

8.     Traveling Agency Services

With franchising, the overseas companies will link you with all their branches throughout the world with well -equipped communication facilities and other viable information on agreed terms.

9.     Repairing and Refurbishing Service

This involved supplying you with all the equipment and technical know-how in repairing and refurbishing of houses, cars, equipment, furniture, garment, old leather goods and others.

10 Restaurant and Catering Service

The foreign partner will revealing to you all the secrets on how to prepare their food, drinks, and snacks, packaging equipment and other necessary instruments will be supplied for good and effective services. All these have a legal backing.

11 Mobile Clearing Services

In the mobile clearing, the foreign companies will supply you with mobile cars, equipment, and chemical for clearing cars, machines, buildings, equipment, garment and others.

12. Manufacturing Right

You can secure franchise right to produce some goods in your country which already exist in the overseas companies. They will supply you with the necessary machinery and technical know-how. All these are based on agreement with legal backing and you have to pay some percentage of the whole cost.

13. Distribution Right on foreign goods

You can get distributing right to distribute goods such as chemicals, foods, machines, equipment and other materials to companies or individuals who are in need of these goods.

Understanding the market

To succeed in this business, you first step is to assess your own skills and talents you bring to your work and think about the type of franchise business that would best suit theses skills. Go with your strengths, doing so can determine your success in franchise.

Having discovered your skills and talent, your next step is to find franchise and harmonize with your interest and make contact. You may ask where I can find these companies to contact for franchise. That’s no problem.

Presently, there a lot of servicing companies out there such as Telecommunication, Courier Services, and fast foods companies that is into franchise in the many countries. A typical example is G.S.M phone. The operators which are Airtel, MTN, GLO and Etisalat are offering franchise, the right to sell their products.

Also, you can write or browse via internet and contact foreign companies that suit your interest. All you need to do is to sit back at the comfort of your home, and make your contacts that are into franchise in international magazine like Income Opportunity and Entrepreneur. More so, you can check Franchise Direct here for international Franchise opportunities.

The third step is your finance. You should consider your financial resources in great details. You can bet they’ll be tested when you start any business regardless of whether you buy franchise. Look beyond your personal savings; consider what kind of support you might draw from your family, friends, and Angel investor.

Some franchisors do provide finance and technicalities of business to assist their franchisee. Many companies that are into products manufacturing offers their products to their franchisee free without paying any dime, but are usually made after sales and one of the main collateral for this business is your integrity.

My dear, don’t be scared of the finance for your take off, do the first thing first, that’s the detail investigation of the franchise, which includes your final agreement with the company.

Once you are through with this, then you can make your moves, the money for the take-off must surely come. If the business harmonizes with your purpose on earth, God will send in people that will support you.

Think fast…, act fast…, the time is now!