Exploring Franchise Ownership
Sara Waskow
Matching People to Business Ownership | Franchise Owner | Executive Transition Specialist | #DFWFranchiseExpert | #Oklahoma Franchise Expert
Are you considering buying a franchise but unsure if you need a retail location? It’s a common question, and the answer might surprise you.
Do You Need a Retail Location??
Many people associate franchises with retail spaces—those visible spots in shopping centers or on busy street corners. But the truth is, there are plenty of franchise opportunities that don’t require a retail presence. Depending on the franchise, you could operate from a small office, your home, or even an industrial space.
Alternative Franchise Setups?
Some franchises may require industrial space or even a vehicle to serve as your mobile business base. For instance, you might have a wrapped vehicle that promotes your brand as it travels through the community. However, if you live in a homeowner's association (HOA) area, it’s essential to check the rules regarding commercial vehicles. In some cases, you may need industrial space to park the vehicle or store supplies.
Marketing Considerations?
If your franchise doesn’t have a retail location, marketing will look different. Without drive-by traffic, you’ll need to rely more on personal outreach to build brand awareness. This means attending community events and networking to spread the word. If you're not a natural networker, you may need to hire someone to handle this aspect of the business.
On the other hand, retail locations offer visibility and convenience. With strategic social media marketing and direct mail, you can drive customers to your physical location. While this setup can be more expensive, it also takes some of the marketing pressure off the business owner.
Curious about which franchise model might be the best fit for you? Let’s talk and explore your options!
Getting business owners in front of their ideal prospects | Proven methods that increase engagement I Effective strategies to build loyal communities I LinkedIn Strategist I Social Media Manager | Servant Leader ??
2 周I find the concept of mobile franchises to be particularly fascinating Sara Waskow.