These days many new entrepreneurs want a business that can provide them with flexible hours, being their own boss, having more free time and making the big bucks. That is why most entrepreneurs prefer to start a franchise style business, such as a Subway or McDonalds. A franchise business opportunity gives an entrepreneur a chance to try to be his own boss and add more free time to their schedule. However, starting a franchised business is a daunting task because it requires a huge up front investment and a lot of personal time. Most franchises don’t see a profit until there 5 year anniversary, if it lasts that long. One should really consider the risks before becoming a franchiser.
The risks of buying a franchise opportunity are there will be rules that must be adhered to in regards to how you run your business. In fact, most franchise agreements have stipulations that the franchisee gives. You have to play by their rules, what location is best, the size of the location, restrictions on autonomy because you’re buying the rights to participate in a system and more. You will have to pay huge up front costs and franchise fees for the whole time your business is up. You will need to know if buying a business franchise opportunity is the right course of action for you. Most franchise agreements are for ten year terms. This locks you in even if you fail. Some other disadvantages are high overhead, Workers Compensation, insurance on the property, hiring and firing. When all is said and done, financing is one of the most confusing, and often frustrating, aspects of opening a franchise. You also need to run marketing campaigns that are approved by the franchisee. There is a lot of money and time spent only to see if you make it past 5 years. Most franchise owners spend 60-80 hours a week running their businesses. The hope of adding free time is a distant memory. The only thing that you have added is a higher stress level. What if you don’t make it? How much debt will you be in if you fail? Putting up a franchise business is more costly than putting up an online business.
There is a better way to make money, add more free time to your life and be your own boss. That better way is starting an internet marketing business. Anyone can easily make money, add more free time and be their own boss with an internet marketing business, but you have to know how to do it. Internet marketing refers to the promotion of products and services over the internet. The internet is a rapidly growing medium which has also become one of the most successful avenues of making a good deal of money.
The pros to becoming an internet marketer are getting paid today and not having to wait 5 years to see a profit, having up to 80% profit margins, no employees, no leasing or renting space, and no overhead, just to name a few. This also means no hiring and firing, and no workers comp. An Internet marketing business can be done from anywhere in the world. All you need is a computer and cell phone to do business. With an internet marketing business you can work from the comfort of your home full-time or part-time and still advertise to the world through the internet. Another great benefit is there is no huge up front investment and no contracts to lock you in. Also, with an internet marketing business, you will build a team that you can leverage their efforts to give you more free time.
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