If you’re actively searching for the most profitable franchises to buy, this section of The Franchise King.com has the information you need.
You’ll learn exactly how to choose and research franchise opportunities, and how to make sure they’re a good fit for you.
But first, have you spent time on this webpage educating yourself about franchising? I hope so.
That’s because starting a search for a franchise without knowing enough about how franchising works would be a mistake. (Potentially, a huge financial mistake with major consequences.)
The information that follows will help you avoid the mistakes that most people who are looking to buy a franchise make…and more.
Where To Search For A Money-Making Franchise
As tempting as it may be, starting your search for a profitable franchise on one of these franchise opportunity websites is not how to do it.
Instead, you need to start your franchise search in your head. (And, on a notepad.) Here’s how.
Grab a pen and couple of sheets of paper.
On the first sheet of paper, list your top skills.
For example, are you great at managing people? Are you a sales-superstar? Are you an expert number-cruncher?
Whatever your top skills are, write them down. All of them. And don’t be shy about asking people who know you well what they feel you excel at.
On another sheet of paper, list what you feel your dominant personal traits are.
For instance, are you outgoing? Or, are you more of an introvert? Are you a leader? Are you competitive? Fiercely loyal? Environmentally-conscious?
Please Take Your Time
In other words, don’t speed through this step in the process. Doing so will kill your dreams of becoming a successful, money-making franchise owner.
So, once you feel you’re finished with your two lists, check them over.
Are the skills you wrote down your top ones? If so, great. If you missed something, now’s the time to add it to the list.
What about the personal traits you wrote down? Are they your most dominant ones? Have you included all of them? If not, add them to the list.
How To Search For A Profitable Franchise
I just taught you where to start your search for a franchise. Now, I’m going to show you how to do a proper franchise search. And yes; you’re going to be using the two lists I had you create to do it-so make sure they’re in front of you now.
Go to a top franchise opportunity website like this one, and start searching for franchise opportunities that will allow you to utilize the things you’re really good at. (Your top skills.)
Tip: You may have to really dig into the franchises you find to figure out what the exact role of the franchise owner is. Once you find out, see if the role is a match for your dominant personal traits.
For example, if you find a retail franchise opportunity you’re attracted to, make sure your traits are a match for what a retail franchise owner does.
In other words, if you’re friendly, organized, and good-natured, retail is probably a good fit for you.
When You Find An Opportunity
When you find a franchise opportunity that looks interesting and matches your top skill sets and personal traits, don’t stop there. Look for one or two more in the same franchise sector that are similar. Spend some time on their websites. Compare.
Then, request information from them. (If there are three similar ones, choose two to contact so you don’t get overwhelmed.)
FYI: Requesting information is easy. There’s usually a web form for you to fill out on the franchise opportunity website you found them on, or on the individual franchise website.
After you hit “send” wait to hear from the franchise development representative. (Franchise salesperson.)
The Short Version Of Searching For A Franchise
I just gave you the short version of where and how to search for a franchise. The articles I’ve linked to below go into a bit more detail.
First off, before you begin, read my article on the 4 words to memorize before you search for a franchise.
Next, I want you to read about searching for franchise opportunities you can actually make money with.
P.S. Only click the link above if you want to make stacks of cash as a franchise owner.
There are two things you’ll face (when searching for the right franchise) that will change everything. Read about them here.
I could link to dozens of other articles I’ve written about searching for the right franchise. But, I’m not going to-because I don’t want to overwhelm you in what is an already overwhelming process. The articles I linked to above will give you a terrific head-start on how to search for a franchise you can make-money owning.
FYI: Did you know you can work with me, 1-on-1?
I offer personalized franchise ownership advice and guidance.
More On Making Money With A Franchise
Can owning a franchise business help you create wealth for yourself-and your family?
My answer: Absolutely! But you have to do a lot of things right.
I wrote an article about becoming rich by choosing the right franchise, that I really want you to read.
Now, let’s continue with the next step in the process.
Just so you know, I’ve been at this for 20+ years.
During this time period, the internet has exploded with information on franchise ownership. Some of it is good. Some of it is lousy. (To say the least.)
But someone with average internet search skills should be able to find some pretty good information on franchising-including how to do franchise research.
Important: Most people don’t do their franchise research correctly-because they don’t know how. And because of that, they end up making poor franchise choices which lead to major financial headaches. (Like having to close their franchise businesses up and losing a lot of money in the process.)
If you’d like to avoid the kind of financial problems that will make you wish you’d looked for a new job instead of buying a franchise, check out the 3 tips on researching a franchise I share in this article.
Next, spend 5 minutes watching the franchise video I produced. It has to do with the one thing you really want to find out about as you research franchise opportunities.
Please use the tips I shared with you on how to do great franchise research. They’ll help you get the answers you need. Would you like more?
“What the wise do in the beginning, fools do in the end.”
– Warren Buffett
In other words, the time to learn how to choose and research a profitable franchise is before you buy one.