Home Based Business Franchise Opportunities that You Should ...

Home Based Business Franchise Opportunities that You Should Know About

Only a handful people know how many home based business franchise possibilities exist. When you think of franchises you think of the famous places that you have patronized for years. Names, logos and locations formulate in your mind.Just as the popular, public franchises exist, so do franchises that are home based and not so public.

Types of Private or Home Based Business Franchises.

Do you know of any franchise that is run from home? If so, they do not instantly come to mind.Of course, there are the tpypical home based business franchises like owning vending machine that you fill on a regular bases. However, these may require some huge up front expenditure since the vending machines must first be purchased.

Many people are now looking to find a network marketing home business opporutnity as they usually require a very limited investment and there is already a proven system to follow.

Franchise Facts for the Prospective Home Based Businessperson

1. There are an estimated 1500 franchise companies operating in the U.S.

2. 75 industries use franchising to distribute goods and services to consumers

3. Average initial investment is less than $250,000

4. Most franchise companies have fewer than 100 units

5. Average length of franchise contract is 10 years

Awareness of these facts by themselves, aid the prospective business owner in deciding on a home based business franchise. They merely spotlight information that will benefit in startup.

The Key to a Successful Home Based Business Franchise

If the home based business franchise is going to succeed, its services must satisfy its customer base well.

For example, if the business is vending, location and demographics matter. Where will the machine be placed and who will the selections inside the machine serve?

If the business is home health care, types of patients is important. Are the bulk of the patients old or ill, there is a difference. One may not qualify for the other. If they are old, what are their most serious needs? If they are ill, what are the sicknesses?

These types of questions must be answered. They will separate the good services from the bad.

If you want to have a successful home based business franchise, seek to answer these basic questions, and then search for more.

Source: http://rykawalkingshoes.net/blog/?p=146

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