There are many low investment franchises available for those looking to get started in business. While the initial investment may be low, it is important to do your research to ensure you are choosing a reputable franchise. There are many top franchises out there that offer low investment options, so be sure to consider all your options before making a final decision.
The case for low investment franchises.
The best low investment franchises are comprised of a few key elements. First, they are low investment (duh). Typically under $100k investment and do not require a lot of employees. Second, they have a proven model with a successful track record and a great team behind them to support you. The last key element is that they have an opportunity for much higher margins/returns vs investment.
Now, let's look at each of these key elements in more detail so you can make an informed decision about whether or not a low investment franchise is right for you.
1) Low investment franchise vs traditional brick and mortar franchise.
The low investment franchise offers several advantages over the traditional brick-and-mortar franchise. The first, and most obvious, is that it requires less money to get started. This is important because it allows you to keep more of your money in your pocket and reduces the amount of risk you are taking on.
The second advantage is that without the overhead of employees and rent, your margins will typically be higher allowing for faster ROI.
The last advantage is that low investment franchises are often easier to scale. This means that you can grow the business faster and potentially achieve a higher return on your
investment.
2) A proven model with a successful track record.
The second key element of identifying a low investment franchise that will be successful for you is that it has a proven model with a great support team to provide you with everything you need to get started and grow.
The proven model means that the franchisor has already worked out the kinks and has a system in place that you can follow to be successful. This is important because it takes the guesswork out of starting a business and gives you a roadmap to follow.
The great support team is important because they will be there to answer your questions and address speed bumps that may arise that are new to you but not to the franchisor.
3) Opportunity for high returns.
The last key element of low investment franchises that will be successful is that they offer an opportunity for high returns. While there is no guarantee of success, if you choose a low investment franchise wisely, the potential rewards can be great.
Remember, with a low investment franchise you can mitigate a lot of the typical headaches that a brick and mortar franchise has like rent and employees, putting the profit in your pocket and enabling you to enjoy a profitable lifestyle business that can grow with you.
Now that you know the key elements to look for in low investment franchises, the next step is to identify some of the top franchises in this category so you can start your research and due diligence.
Here are a few of our favorites:
These are just a few of the low investment franchises that we think have great potential. Do your research and talk to the franchisor to get a better understanding of the business model and what it will take to be successful.
If you'd like our help in identifying a top low investment franchise that is your best-fit click here or call 800-445-6382.
Best of luck in your journey to financial freedom!
Jack and Jill Johnson | The Franchise Insiders