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Benefits of Owning a Franchise By Sean Flanagan Benefits of Owning a Franchise Franchises are popular amongst small business owners as well asentrepreneurs and people looking to get out of the corporate"grind". There is good reason for this, as franchises offer thebenefits of business ownership along with the support system andbusiness model of an already successful business. When you takea close look at the benefits that go along with franchiseownership, its no wonder franchises are becoming increasinglypopular. A franchise can be an especially good idea if you want to breakinto an industry that is extremely competitive, high risk, takesa decent amount of start up capital and definite industryknowledge. One such industry is the real estate industry,specifically real estate investing i.e. home buying or"flipping" houses. This industry is one that almost everyone hasthought about getting into at one point in time or the other,but for whatever reason haven't done it successfully. More thanlikely that reason (or reasons) is that the field either a)requires to much up front investment b) they don't have the"know-how" c) its to risky to take on alone or d) they haverealized it is HIGHLY competitive and most of the mom and popinvestors get eaten alive. However, by purchasing a real estate investment franchise you can virtually eliminate or at least minimize the challenges you face when entering into the real estate investing industry. Real estate investing has probably made more millionaires than any other industry in the world. By following a proven system and having access to the type of support system franchises offer, you have a good chance at following in the footsteps of successful real estate insiders.Real estate franchises offer a proven business model Most, if not all, new real estate investors, "flippers" etc.suffer from being overzealous with no proven game plan. Abenefit of purchasing a home buying franchise is that you get aproven strategy and business plan. Everything is mapped out foryou step by step, for the most part. You actually own your ownreal estate investing business but enjoy the day to day coachingand insider knowledge that could only otherwise be enjoyed fromyears and years of experience, brain picking and relationshipforming (not to mention falling on you face several hundredtimes). Plus, franchisors only survive if they make therefranchisees successful, which is a definite benefit in and ofitself to the prospective franchisee. Franchises offer name recognition Real estate investors do not have the huge benefit of namerecognition like an established company would. So, someone whowants to go out and start attracting prospective sellers willhave a much harder time as a mom and pop type investor who isgoing at it alone than they would if they had the powerful nameof a successful company behind them. Think about.....if you hada $300,000.00 house for sale and you needed to sell it quickly,would you be more likely to sell to Joe Blow mom and popinvestor or someone who was with a reputable, establishedcompany? Obviously, you are going to go with the reputablecompany on such an important decision. Franchises offer proven marketing systems The lifeline of a real estate investor lies in finding gooddeals. There is no easy way to find good deals, especially withthe industry competition that has flooded the market these days.With franchises, you get the benefit of a proven marketingsystem. Some franchises, such as those offered by FlanaganProperties, LLC at http://www.luckybuysyuckyhouses.com marketthrough mass media i.e. 30 minute infomercials on majortelevision networks, billboards, :15 and :30 second televisioncommercials, radio spots, billboards, direct mail and more. As aprivate investor it is very hard to compete with that! Sales training and support Real estate franchises (and most other franchises) offerthorough sales training. If you are good at sales anyways, thatis a definite bonus. With the help of the trainers you can adoptyour life learned sales skills to the home buying industry andexcel quickly. A home buying franchise offers you the one on onetraining that could only otherwise be found by spending tens ofthousands of dollars on mentoring programs. Also, with afranchise that mentorship type of program never really ends.Most franchises are offered for 5 or more years, so you arepretty much guaranteed these types of benefits during that wholetime. Franchising makes a lot more sense than just trying it on yourown When you really put the pencil to the paper and figure out yourrisk vs. reward for starting in the real estate investingbusiness, franchises make the most sense. Ask yourself, how muchdo I stand to lose by doing it on my own? Franchise fees are notthat much and what do you think the likelihood of you succeedingis if you have the benefits of a franchise in your corner? Thefranchise costs only a small fraction of what it would cost ifyou just make one or two mistakes on your own. Franchisingdoesn't guarantee mistakes wont be made, but it certainly doesminimize the risk and hopefully maximize the rewards! About the author:Sean Flanagan has been succesfully buying and selling realestate for years in the Central Florida area. He is thePresident of Flanagan Properties,LLC, a company offering uniquereal estate and home buying franchise opportunities. Therewebsite can be viewed at http://www.luckybuysyuckyhouses.com
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