Advantages of Franchising
Franchising could be good for you if you don’t know how to make money selling real estate, you want to recruit a bazillion agents and don’t know how, you don’t mind someone telling you how to run your business, and you have the financial capability to pay for the following things.
- $25,000 Initial cost to buy the franchise
- You don’t mind paying 2% to 6% of every sale you make to the franchisor.
- You can afford to rent or buy office space to house yourself and your agents.
- You don’t mind paying an accountant to audit your sales and report your gross sales to the franchisor
- You don’t mind paying a recruiter to build your agent count
- You don’t mind paying an experienced trainer to train the agents that you recruit.
There truly is a lot of cost to owning a franchise. However, It is definitely a good way to go if you want name recognition, a detailed business plan to follow, strict supervision and you intend to recruit and train lots of agents.
Advantages of Licensing the M.S.WOODS Trademark
Licensing the use of a trademark name can help with name recognition without draconian supervision, adherence to someone else’s business plan, the blood sapping drama of recruiting, high cost of start up franchise fees, the high cost of ongoing franchise royalty fees, high costs of office space, high cost of recruiters, and the high cost of accountants for financial reporting. Wow! The more I write about this the more I’m happy I never bought a franchise. What does it cost to affiliate?
- $495 per year. That’s it. Name recognition will become stronger as we obtain more agents that license the Trademark.
- No massive upfront purchase price to become an affiliate
- No royalties based on your gross commissions
- No accountants to audit your sales
- No office space required
- No intrusive supervision
- No 500-page business plan to adhere too.
Contact Mike Woods at 317-450-0805 if you have questions