Franchise,Network,Marketing,Ni business, insurance A Franchise Or Network Marketing? Nigel Mayne Discusses
As we all know to live in this world we have to perform some activity by which we can earn money. There are many activities by which we can earn money and meet the standards to live in this society. And from one of them is franchise. Franc Small offices have unique needs, and thatincludes document shredding. Designed with the smaller business inmind, the Dahle 20314 is a cross-cut shredder that offers Level 3security and brings you into compliance with federal regulations. The
For any number of reasons,small business entrepreneurs look for an investment opportunity to make it intheir own business venture as opposed to having one or more income streams fromsalaried positions in the workforce. Mostlikely have to borrow to finance not only start up and initial fees costs, butalso to cover working capital requirements for some time. Those new to self employment know they need aproven business model. Friends may havesuggested network marketing options, and yet the very public front of asuccessful franchise system is more attractive. How does the investor you best steer clear of the unethical practises,moral traps, get rich quick scams and other fraud practised by a few bad applesin any business? Multi-level marketing (MLM)is a system of retailing by independent distributors, often in consumer homes,and compensation is a percentage of the sales made by the business owner`ssales force. There is oftencomparatively less money required for the start up investment, but theinvestor/owner has to manage a large network of wholesalers that he or she mustbuild from scratch and develop their own growth and management strategy goingforward. MLM carries the taint ofbeing a front for pyramid schemes, illegal scams, and other fraudulentactivities. MLM is a legitimate businessin the US; there are a few illegitimate, fraudulent schemes and variations thatcollapse and leave all suffering. Ponzischemes are an example of this - remember Bernie Madoff? Beware if first meetings focus more onrequirements to purchase high cost inventories and on recruiting otherinvestors than on the product or service to be sold. What should the new investorknow before taking the decision to look for a franchise that is the best fit?Be very comfortable that themodel suits their skills and knowledge.Successful franchises arerun rigorously. The small business ownerruns the local business with the support of the franchisor. The franchisor wants success. They have themap, the tried and true plan, the how to manuals, the expert trainers, thesavvy and focussed marketing teams. Thefranchisee concentrates on well mapped operations. The business focus is clear, so well defined. On the other hand the MLMcompany will encourage the new owner to find, manage and motivate and pay theirown sales force.With a franchise model thefranchisee abides by the contract with the franchisor business partner.The network marketing modelallows the business owner to be more entrepreneurial, more creative which isntalways a good thing especially if a proven business plan is the betteralternative.All would be investors areadvised that either of these options aren`t get rich quick schemes, and thereis likely up to 5 years real commitment of capital, energy, time and focusbefore the entrepreneur can pause and say they have successfully built abusiness.Whichever path is chosen,the new business owner should focus, focus, focus on the product or servicethey are marketing. The success inbusiness will depend on how much product or service is sold, and howefficiently. The best advice offered atthe outset is that they decide on the business option that best suits them andavoid wasting time on offers that carry even the faintest taint of con schemesand fraud.MatchPointFranchise Consulting Network was founded in 2006 with a mission of helpingcompanies expand their franchise networks and improve their system Advice is offeredfreely to franchise buyers on the web site and by MatchPoint consultants in thefield and is vital to the buyer for abetter, prudent, buying decision. Theadvice offered by our consultants does not make us lawyers; it is there to helpthe investor with a high quality due diligence process. It is an effective hedge against misrepresentationand fraud sometimes propagated by less than reputable business opportunitymarketers. MatchPoint consultants trained by Nigel Mayne know the red flags offraud in the investment field. It takesthe very few promoters that practice business fraud to taint the dream of thefranchisee and their family. That`swhere seeking the independent advice of an expert franchising consultant isprudent and invaluable.
Franchise,Network,Marketing,Ni