franchises Business

7 Low Cost Franchise Ideas to Build Wealth FAST

welcome in this blog we're going to go over the seven low-cost franchise ideas that build your wealth and take your franchise game to the next level

Online franchises - A Cool Way to Make Money

Comparing Different Online Franchises:

Type of Business	Examples	Starting Costs
Teaching	TutorMe, Kumon	$10,000 - $50,000
Health and Fitness	Orangetheory, Planet Fitness	$50,000 - $250,000
Online Ads	WebFX, Switch	$10,000 - $50,000
Sell Products	Shopify, Amazon	$0 - $10,000
Business Services	Accountants, Website Help	$10,000 - $50,000

Number one is commercial cleaning.

Commercial cleaning can be an interesting franchise business to get out there and especially after the pandemic and what's going on, yes there are offices closed. But I think the commercial cleaning industry that balances out is because of the reality of all these businesses that really need to make sure they keep things clean and sterile. So I think the commercial franchise business opportunity is as big as it's ever been and there are some really, really important players in that space that have been around for a long time.

home healthcare

Home health care is basically it.

There are two different types non-medical and then medical

Going to non-medical seniors or even possibly someone's home.

Just like a disability or they are completely unable to work at home.

They need help. It's a fast growing industry. Check out this stat it's a.

Interesting statistics about the 28.6 million baby boomers in the third quarter of 2020

reported that he was out of the labor force due to retirement and remains there.

3.2 million more baby boomers than 25.4 million who retired.

The same quarter of 2019 means that any such business domestically

Healthcare businesses are going to be a really great opportunity to move.

Next there are some great names like Visiting Angels Acticor and

Take a look at some of the key names in the transitional healthcare space.

Home healthcare franchise industry because it will be the one that really helps you.

Number three is a travel agency

We're still recovering from everything that's happened with the pandemic and travel has been, you know, really impacted and hurt, but it's great to be able to get into the travel business and get something. Could be a really great opportunity. That market especially if you don't plan to do it full time if it plans to be something you do part time or something you make while transitioning outside of your full time job eg. For example there are many clients. Who contact me for advice or coaching on transitioning into the franchise world or the world of entrepreneurship and owning their own business and they actually plan to do it part-time and then build up their full-time work and make the transition and then I get a lot of people coming in where they're just trying to make the transition right. Stay away and find the best opportunity in the travel care space that you know can be a great opportunity if you just want to supplement your income or do it at a different time from some of the named cruise planners. As well as dream vacationers. Two of the most popular ones you will see again. Yes the industry has suffered at the moment but I imagine the industry may take some time to recover. Give it a look if you are really passionate and interested in travel.

Property management

WOW Property Management represents an approximately $88 million market, up nearly $10 billion from the previous year. When people rent more, property management is in demand. Property Management Grows Men This is a great variety of business opportunities especially if you are a professional or you are a real estate agent or you have bought houses before renting and you have basic knowledge about real estate. Like information and how it works or you live in an area.

While the real estate market is really competitive and there is a lot of rental property management can be a really great business opportunity that can be successful in any market condition, the great thing about property management is that you are a Know as a landlord and have owned their property for years and years. Year and you not only have repeat clients.That if you have a client who has sold their rental property, they can sell it to buy another rental property and they still need your services because one property manager is two real property management or property management companies. Management Inc. So revisiting the property management space can be a really great opportunity.

tax franchises

Check out this interesting stat so 60 of the millions of tax returns filed each year are filed by someone who used a tax preparer. Man this is a really competitive space although. This can be a really low cost franchise opportunity. It's a challenging one to get into because there are so many brands and names out there although there are a lot of resale opportunities and keep in mind this is a very seasonal business. you make basically all of your money four months out of the year in this business. So again this could be a really great opportunity for someone who's looking for some sort of part-time business or just doing it to supplement or if you already own another business the tax franchise space could be really interesting. you've probably heard of some of the names out there h r block jackson hewitt liberty tax those are some of the main tax franchises that are out there all right.

direct mail

So direct mail is an interesting low-cost franchise idea. So the direct mail space generally is typically targeting small business owners and with everything that's going on right now small business owners need customers now more than ever. Some small business owners may be cutting back on their marketing if things are tight for their business but it's counter intuitive if your business is hurting right now you actually need to market more. So in this sort of business the direct mail franchise business, one be ready to hit the ground, be ready to hit the ground and have to prospect and cold call and really get out there get involved in the community and sell small business owners your services. So if you don't like sales, if you don't like talking to people, if you're afraid of rejection, direct mail franchise is not for you. But if you like selling or you like talking to people or you're very passionate then a direct mail franchise could be a very interesting opportunity for you where you can build recurring revenue streams. Because oftentimes some of these small business owners continue to do business with you over and over again. What I can say is having owned multiple juice bar locations. We've used direct mail service providers multiple times and actually the franchisor has a relationship with a direct mail company and that direct mail company does all of the direct mail for the franchisees that actually opt in. so if you can start a direct mail franchise and then land a franchise company or small business that has multiple locations you could really potentially start building up a really great business. some of the popular direct mail franchises town money saver and money mailer all right the last low-cost franchise idea is!

kids coaching franchise

Now this is a really interesting one. if you like kids or if you have multiple kids and you've spent a lot of time at camps and at baseball games and football games and soccer games or if you've been a teacher an educator or if you just like kids. overall this could be a really great franchise opportunity for you. Some of these franchises are as low as fifteen thousand dollars to get into so they can be some really great affordable franchise options and some of those franchises are happy feats international soccer shots premier sports some some of the low-cost franchise.