All About Franchising: Types of Business Services Franchise | business services

One of the profitable types of franchise you can choose is rendering a service. In this type of franchise, you don’t have to worry about manufacturing and marketing a product. What you have to focus on is the service that you must provide for the customers using the methods provided by the franchisor. There are different types of business services franchise available nowadays, namely: direct mail, cleaning, shipping, printing, staffing, and financing.Direct MailSimply put this type of business services franchise refers to the delivery of advertising materials through mail. Direct mail began in the 1950s and has survived the recession pretty well. Compared to other forms of advertising, direct mail is relatively more affordable. E-mail advertising can also be considered as direct mail which has lower costs than print advertisement. Franchisers of direct mail can make their business more cost effective by using recycled paper and employing cheap printing technology.

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CleaningThis type of business services franchise is considered labor-intensive, because it relies on the work of employees for success. Although you won’t be doing the mopping yourself, you have to supervise a team that will do the job. You have to train them according to the methodologies provided by the franchisor. As of July 2011, cleaning services franchisors can earn as much as $36,000 per year.ShippingBusinesses who require shipping of products are the usual clients of a shipping franchise. This type of business services franchise uses carriers for picking up the goods and bringing it to its destination. Shipping franchisers may negotiate with existing carriers to give their customers better rates on shipping.PrintingAlso known as commercial printing or quick printing, this type of franchise became popular since the introduction of quick printers in 1960. Printing franchises use large printing technology to print commercial photos and graphics mostly used for advertisement. As of 2010, there are 6,640 quick printing franchises in the United States, generating annual revenue of $2.9 billion.Staffing

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Considered as the largest sector in business services franchising in the United States, staffing generates $170 billion as its total annual revenue. It usually comes in three types, namely: temporary help services, professional employer organizations, and placement agencies. Among the types of staffing franchise, temporary help services account for 40% of the total revenue.FinancingAlso known as cost reduction franchise, financial service franchise may cater to individuals, small businesses, or large corporations. One of the services offered by a financial service franchise is financial planning for retirees. The franchise employs a team of financial advisors who will provide financial information to customers regarding different types of investments.

Explore Three Online Business Tips That Will Help You Succeed

I don’t envy new internet entrepreneurs looking to make money online. There are so many business opportunities it is overwhelming which system to select. However, after careful consideration you have finally decided on a business system and you are ready to get started. Where do you begin? Let’s take a look at three online business tips that have their roots in Corporate America, but are relevant to online businesses.

Many times online business opportunities are not viewed and managed like a corporation, and for good reason. Unreasonable deadlines, greed, unruly bosses, and long hours are reasons for the mass exodus from Corporate America to the green pastures of online businesses.

While Corporate America is inherently flawed, there are a few online business tips that can have a significant impact on the success of your home based business. When constructing your online business don’t overlook these important tenants, usually reserved for Corporate America. You will be surprised at how powerful these three business elements can be.

Business Tip #1: Leadership

A determining factor in the success of your home based business is leadership. When starting out, you are not going to have all of the answers right away. That is why it’s critical to surround yourself with industry leaders that can help guide your business. Make sure you listen, read, and follow influential leaders within the online marketing community that are currently getting the results you desire. These leaders are people that are going to help mold you into a successful leader who will create the necessary results that are essential for your business’s growth.

Business Tip #2: Mission Statement

Most likely your internet business is going to be just you; however it’s still important to have a well groomed mission statement that invokes inspiration. You want people to be attracted to you and your business and a mission statement is a great way to build your online brand. It’s an extension of your beliefs and needs to resonate with people. An effectively communicated mission statement helps you stay in the forefront of your customers mind and creates your business identity.

Business Tip #3: Collaboration

The competition in today’s business world is fierce. That is why it’s essential to partner with key subject matter experts. You can learn a lot from people within a team environment. That’s why it is critical to align yourself with other online entrepreneurs. Together you can learn what people within the industry are doing to get results. Join network marketing groups, listen to podcasts, participate in events, and attend live webinars. This type of collaboration will foster new ideas and spawn business growth.

Whether you are an industry veteran or new to the online marketing world make sure you carefully consider integrating these three elements into your online business. While these three online business tips are deeply rooted in Corporate America, you may find them beneficial to the success of your online business.

Key Small Business Tips for Success

Small business tips for starting your own business can put you on the path to financial success.

The SBA says that the term small business includes concerns that are organized to make a profit and have fewer than 500 employees. In this post, small business includes work at home, affiliate marketing, network marketing and online home based businesses, and I will explore small business tips to help you achieve your business goals. These tips will help you get customers and generate more sales quickly.

Here are key small business tips and questions to consider:

1. Why do you want to start a small business? Starting your own business requires commitment. So, don’t proceed to do so unless you are prepared for long hours and frustration while you are establishing your business. For many, enduring this is well worth the potential of financial security.

2. Will you market a product or service? A service business is one where you offer your expertise to clients. For a product business, you will need to offer a tangible product. Typically, a product business is more expensive to launch than a service business.

3. Do you have a simplified business plan? The thought of writing a business plan is intimidating to most aspiring entrepreneurs. However, it is possible to write a one-page plan that tells the what, who, how and where of your business. You should keep it simple. You can add details as you go. Just get it started.

4. Who is your customer? Describe your target customer in as much detail as possible. Know their needs and wants. Know how you can provide a solution to their problem. This profile will help you create a targeted marketing message and save you time and money in reaching prospects.

5. What is your pricing? Pricing is an art and a science. You need to cover your costs and generate a reasonable profit. Doing research to see what your competitors are charging can help.

6. Are you watching your costs? Many entrepreneurs tend to underestimate how long it will take for their small business to turn a profit. Don’t burden your business with too many costs too quickly. To keep costs to a minimum, hire interns and outsource or barter for services.

7. What’s your plan for getting customers? One of my coaches says the secret to business success is spending 85% of your time doing things that will lead to sales and 15% of your time doing everything else. You’ll need a marketing plan. How do you plan on attracting prospects and converting them to paying customers? Design your advertising to generate sales. Your advertising should always include an offer and an easy way for prospects to respond.

8. Are you using social media? More and more businesses are moving to social media because their prospects are on social media. Only about 25% of small businesses are using social media to build their business. So, creating a presence on social media will give you an edge. This typically means building a fan page on Facebook. There are many resources you can use to build a fan page.

Here are some small business tips to attract more customers online:

1. Be sure to add local content targeted for your specific area.
2. Make sure prospects can find you online and offline.
3. Be very clear about what your business offers.
4. Participate on social media consistently.
5. Watch what your competitors are doing. See what is working and what is not working.

These small business tips require you to be consistent. It takes persistence to establish a social media presence.