The other day I was researching low-cost franchise opportunities. Why? Because I am an entrepreneur who makes money online for a living. I wanted to see what the competition is like out there.
As an experienced marketer, I know that people seek to be entrepreneurs for many reasons. Whether it’s being a franchise owner, network marketer, owning real estate, or being an internet marketer like myself, the goal is the same.
We all want to make money doing something that is easy and gives us leverage so we can do what we want, when we want, and with whom we want. It will be hard to find someone who disagrees with that.
Now, while researching low-cost franchise opportunities, I came across a list of the 10 best franchises to own according to Forbes magazine. Now this list was from 2012 (I haven’t seen a 2013 version yet).
Is it so:
1.H&R block
2.Stratus Construction Solutions
3. Jazzercise Inc.
4. CleanNet USA Inc.
5.System4
6. State-of-the-art cleaning systems
7. Cruise Planners – American Express Travel
8. Cruise One
9. Chem-Dry Carpet and Upholstery Cleaning
10. Heaven’s Best Carpet and Upholstery Cleaning
Startup costs range from $1,700 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 was honestly surprised to see H&R Block as #1.
This is the reason why I mention this. While reading the list, I have heard of some companies and not others. I was paying attention to start-up investment costs. I would have to say the middle was around $15,000 – $20,000.
Now in the franchise industry that’s low. It really is when you consider the fact that owning a McDonalds or Subway can start at over 1 million.
But $15,000, anyone serious can afford that, right? You would think so. However, the #1 reason most entrepreneurs don’t invest in low-cost franchise opportunities is because of the start-up cost, which is often too high for them to pay out of pocket and try to secure a loan at. this economy is extremely challenging with no collateral to put on. What a bummer, right?
So what is that person who 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 money and can’t get approved for the loan, supposed to do? what are they going to do?
Well, that is why I am writing this article. I like to help people by showing them other options that they may not have thought of. Remember that the goal is to get the end result. How do you get there doesn’t matter right?