First Franchise - How to make a fortune with the right model

Before making the decision to purchase the franchise first, you may be interested to understand why so many dealers and business owners regret buying the old business model.

Just so, the new business model makes sense especially if you consider buying a franchise.

Old franchise and traditional business model
To take ownership of a franchise, you could invest anywhere from $ 250,000 to $ 2,500,000. For example, let's look at what it would cost McDonald's franchise. The company McDonald requires a minimum of $ 250,000 of personal resources, even taking into account their opportunities. To begin the process with McDonald 's, you would need $ 250 000 in cash on hand.

Most of the new McDonald's franchisees start their relationship with the purchase of an existing establishment, choosing from various franchises.

Franchising old model concerns
In a traditional franchise, it can take up to five years or more before being profitable. Normally, you operate on a profit of 15% or less. As the owner, you could work 16 hours a week and most owners are paying on average $ 40,000 a year salary. Some franchises may require you to employ adolescents, which could be good or bad depending on your personal feelings. You may be required to maintain an inventory of all days.

Old Overhead Model Franchise
We must also remember that you may need to devote more resources to advertising franchise. Rent could be very expensive depending on location. Insurance is another responsibility of a franchise owner must take into account. It could be very expensive and there is always the possibility of more taxes.

More critically Old Issue Franchise Model. Do you really want to have freedom of time you are looking at this model? Or, you're just buying yourself a job? Think seriously about this.

New Internet Business Model
Rather than buying a traditional franchise, you may want to explore the new Internet business model.

To start an Internet business, you could invest $ 2500 to $ 25,000. Instead of years to become profitable, you might turn a profit within weeks or months. The profit margins with an internet business could easily be 75% more, especially if you're selling a product based on information and service than a tangible product.

As an Internet entrepreneur, you could work three hours or less working days once your business is running on autopilot. Instead of the salary that the town pays the old franchise business, successful Internet entrepreneurs can afford to pay them a multiple of 6 digit salary.

Internet Business Model Benefits
Most companies on the Internet can be operated with no or only a few, employees. It is not necessary to have a physical inventory. Because you can run this business from a home office, you do not need to be concerned about the rent.

Generally, there is no need to be bothered with insurance and you will certainly pay less tax through this model. Above all, you can enjoy the freedom with a generous time Internet business. You can work from anywhere you have access to a computer and the Internet. Many owners of the Internet are able to monitor their activities while traveling or on vacation.

Determine what type of income that you want to generate and what kind of lifestyle that would want to live. Then, choose the model that is more enjoyable with your goals .......