The other day I was doing some research on low cost franchise opportunities. Why? Because I am an entrepreneur that earns a living making money online. I wanted to see what the competition is like out there.
As an experienced marketer I know that people look to be entrepreneurs for main reasons. Whether if its to be a franchise owner, be a network marketer, own real estate, or be an internet marketer like myself, the goal is the same.
We all want to make money doing something that is easy that will give us leverage so we can do what we want, when we want, with who we want. You’ll be hard pressed to find someone who will disagree with that.
Now as I was researching low cost franchise opportunities I came across of a Top 10 List Of Franchises To Own according to Forbes magazine. Now this list was from 2012 (I haven’t seen a 2013 version yet).
1. H & R Block
2. Stratus Building Solutions
3. Jazzercise Inc
4. CleanNet USA Inc
6. Vanguard Cleaning Systems
7. Cruise Planners -American Express Travel
9. Chem-Dry Carpet And Upholstery Cleaning
10. Heaven’s Best Carpet And Upholstery Cleaning
The start up costs range anywhere from $1,700 all the way up to $127,000. What I found interesting about this list is that 4 are some type of cleaning company and 2 are in the cruise (travel) industry.
I honestly was shock to see H&R Block as #1.
Here’s the reason that I’m bringing this up. As I was reading down the list, some companies I’ve heard of, others I haven’t. I was paying attention to the start up investment costs. I’d have to say the medium was around $15,000 – $20,000.
Now in the franchise industry that is low. It really is when you consider the fact that to own a McDonalds or Subway can start at 1 million plus.
But $15,000, anyone that is serious can afford that right? You would think so. However the #1 reason why most entrepreneurs don’t invest in low cost franchise opportunities is because of the start up cost, it’s usually too high for them to pay out of pocket and trying to secure a loan in this economy is extremely challenging with no collateral to put up. Bummer right?
So what is that person supposed to do that wants to be their own boss, wants to be in control of their own schedule, wants to go on vacation with the family, but because they don’t have the cash nor can get approved for the loan, what are they to do?
Well that’s why I am writing this article. I like to help people out by showing them other options they may not have thought of. Remember the goal is to get the end result. How you get there doesn’t matter right?
Source by Adrian Hines