Internet Business versus Franchising

 In today’s economy needing online presence, is much like needing a property to build your business.

Is the internet business model stronger and of higher value than the original franchising model, and how can you reap the benefits of this new way of doing business?

They call it internet real estate, or a domain name. This is what you need to host a web site. But it’s gone much further than that within the last decade. We are at a point now where we can run an entire business online. I’m talking marketing, e-mail, support, call centre, product, licensing, corporate setup, security, insurance, business planning and compensation, merchants, tax, and so on. There are a few differences between the new and old ways of doing business, but I have to tell you that more and more people are moving away from the traditional ways and towards the new system.

Why do people actually do this? Let me list the reasons for you:

Franchise

-          High Investment from $250,000 to $2,500,000

-          Five years before you can expect any kind of profit

-          15% profit or less

-          16 hour work days as being an owner

-          $40K a year salary as an owner

-          Teenage employees required

-          Large daily inventory with hassles and even delays

-          Expensive Rent

-          High Insurance Costs

-          More Taxes

-          Less Freedom

Internet

-          invest $2,500 to $25,000

-          15 days until profit

-          75% profit or more

-          3 to 4 hour work days as owner

-          $250,000 + a year salary as owner

There are 6 more and even greater advantages that I will list for you when you visit my blog!

I don’t know if you are an entrepreneur or if you want to be in control of your own enterprise, but I have found that the internet is becoming more secure, higher in volume and more orientated to do business. If you do not have a good online presence in another 10 or 20 years, I do feel sorry for you and your business, this is where the economy is headed!