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Internet Franchises - The Opportunities Are Endless
If it wasn't for the internet, many businesses wouldn't be as successful as they are today. The internet has removed the barrier of local businesses only being able to serve their local community - it now means businesses can serve customers around the world. Pretty much 99% of businesses in the UK will have a website, and if they don't, they'll need one in order to keep up with demand or face losing out to competitors.
Unlike 10 years ago, almost all teenagers have access to the internet on a daily basis. Whether it's for social media, vlogging or becoming an aspiring entrepreneur, the population is gradually becoming more and more tech savvy.
There is plenty of demand for internet related services, and there are many internet based franchises meeting these demands. Could you be the next franchisee?
What are Internet Franchises?
Internet franchises are any type of franchised business where the primary function will be to carry out day to day activities online. The franchisor will have set up their own internet based business and made the decision to franchise it. There are many reasons why a franchisor might want to franchise their business - maybe it's to keep up with demand or raise awareness and further grow their brand.
What Types of Internet Franchises Are Available?
Internet based franchises is one of the most diverse opportunities out there. Below are just some of the best internet franchises:
- Web Design and SEO - Having a website is easy, but having the website generate business is an entirely different ball game. Chances are, a business will be battling their competition for rankings on search engines, and to help them along the way will be web and SEO franchises. Building strong backlinks and web content are all part of good SEO and many web owners struggle to produce quality content which search engines love. Businesses pay good money to have good content and ultimately higher rankings. But don't worry if you know nothing about web design and SEO, because that's one of the benefits of franchising. Full training and support is provided to you.
- Dropshipping - An attractive franchise in the internet world is dropshipping, where you sell products online but never actually handle the goods. This could be via a Facebook Marketplace or Amazon store. You'll make money from the sale of goods whilst not needing to store any stock.
- PR, HR and Virtual Assistants - Through the provision of services like remote administration, payroll, accounting, there are many services which businesses and consumers simply don't have time to do. It can often be cheaper to find a virtual assistant to do your tedious accounting or paperwork once a month than employ a full or part time employee. There is considerable demand for virtual personal assistants and these are all home based, internet based businesses with low overheads.
Advantages of Internet Based Franchises
What makes internet franchises so attractive is their home based, low overhead nature. Home based franchises enable the franchisee to fit their work around their personal requirements. Such as taking kids to school and picking them up. Without the need for commuting or an additional premises, home based internet franchises are usually low in investment, and low in ongoing costs. All you really need is a laptop and phone.
Another benefit of internet based franchises is the number of opportunities out there. From online travel agents to estate agents and copywriting, the future of franchising could very well be online.