How Franchise Opportunities are Closer than You Think
It’s widely known that opening a franchise store is a highly effective way to become an entrepreneur with relatively low risks. You become your own boss and can receive continuous and efficient support from your franchisor. Opening a franchise store is not as complicated as starting your business all by yourself, and profits can be more stable in the long run.
However, as you might expect, not all franchise brands are the same. Before starting your journey in international franchising, you should always consider the pros and cons of all the franchise opportunities you encounter. Take your time in assessing the industry and the products that can bring you higher earnings and lower risks. Evaluate each option with pragmatism and realism.
Considering all of that, is working for your boss the best choice or is it all about starting your own franchise business that can bring you lots of satisfaction and a higher income? If you’re reading this article, it might be because you are considering the second option or because you have that gut feeling telling you can achieve more than what you currently do. Let’s see together some of the aspects you should consider when choosing which one is the best option for you.
Working for someone or opening your franchise store: the differences
- High profitability and low entry barriers: being franchising still a type of business model, it’s clear that you will have to invest a certain amount of money for implementing your franchise business. Considering this, it’s obvious that the fees you might have to deal with are much lower when you work as a subordinate in someone else’s business. You get your average salary every month and you can’t expect to improve your way of life one month from the other. But when considering the possibilities of high earnings, here’s where a franchise business brings all its advantages to the plate. If you choose franchise brands with a level of initial investments, you can expect to earn high profits already after a couple of months. By then you will be able to cover all the initial costs you had to face and to gain high percentages of commission.
- Support and training: no doubts you might be receiving the best trainings from your current employer, which might be having years of experience in your desired sector. However, in many cases you will find yourself having to gain more knowledge and experience independently from the company you are working in. And you will easily find yourself in a continuous path riddled with attempts, mistakes, and corrections. We don’t doubt the fact that self-learning can be an effective way to improve one’s abilities. The point is how and where you will apply the expertise you gained. When working to achieve someone else’s business goal, all the efforts you put in becoming better at what you do won’t necessarily bring you the same in terms of satisfaction as to starting your own project.
- Experience and expertise: concerning this point, there’s no other way to put it. Opening your own franchise store means capitalizing on your experience while gaining deeper knowledge in new aspects of entrepreneurship. Besides the expertise you already have in your field, you can become better at marketing and at managing your own resources.
Where to start when opening your first franchise store
As we mentioned earlier in this article, you should do your research before jumping into a new business activity. Some sectors can offer better opportunities than others, and that’s the case of consumer goods sold at an affordable price range. Take for example XIMIVOGUE, a leading lifestyle brand and one of the best franchises to own. Their international franchising network can already count on more than 1400 franchise stores worldwide. A new XIMIVOGUE franchise store is opened every week, at a total rate of 80/100 stores per month. That’s how they were able to gain more than 2 billion RMB (approx. 300 million US$) in 2017.
The first step you can take is to look for empty places with an area of 100 square meters and a door width of more than 8 meters, better if located near shopping malls and other crowded areas. After finding a suitable place for your next XIMIVOGUE franchise store, you can contact them to start a franchise agreement. They will provide you with their know-how, expertise, intellectual property, brand, as well as the rights to sell their products on their name.
Becoming their franchisee means that you will have direct access to more than 7000 products, which are updated at a rhythm of 800 items per month. Their Korean products have an eye-pleasing design and are supplied by some of the biggest players in the consumer goods industry, including San Fu, Sassoon, Gialen, Watsons, Muji, and many more.
And what if something goes wrong with your franchise business? What if your franchise store business isn’t going as smoothly as expected? In that case, you can still rely on their professional after-sales team, which is ready to serve you 24 hours a day. Besides, their senior supervisors are at your service for any emergencies you might encounter.
So if you’re looking for putting into practice your true potential while earning a stable and growing income in the near future, you should enjoy the franchise opportunities provided by XIMIVOGUE. It’s not by chance that is considered one of the most successful franchises and one of the best franchises to own.