Day: January 30, 2020

What Are The Best New Franchise Opportunities For 2020?

Kona Ice Franchise Opportunity – Newer Founded In 2007

Kona Ice is a lot more than just an ice cream truck business. Over the years it has come up with many flavorful products while also making sure to cut down on sugar and promote healthy eating. But this franchise started out in Florence, KY just a little over 10 years ago but has now grown into 43 states and has become one of the most successful ones in recent years. They have been acclaimed by Entrepreneur magazine, and as one of the fastest growing new franchises, the opportunities are plentiful for aspiring franchise owners. According to Entrepreneur, they have the following startup costs:

$119,850 to $140,350 in initial startup investment

A fixed royalty cost

Relatively low overhead costs

Kona Ice has more answers at their Own-a-Kowna website.

BirthdayPak Franchise Opportunity – Newer Founded In 2010

BirthdayPak is another new franchise type of business that basically functions as a marketing service for local restaurants, jewellers, boutique shops and other special niche businesses. Local franchise owners here are responsible for partnering with these local clients and through their services offering gift card mailing services that give customers gift cards for birthday occasions. The idea behind this company is to provide clients a solution for retaining customers. Franchise owners need personal marketing skills and need to be persuasive, but there are a few benefits that come with becoming one:

Startup costs are $29,500 to $144,700 which are fairly low

Also, real estate isn’t a necessary startup cost because you can work based from home though you will be out in the field sometimes.

The initial franchise fee starts at $24,000, but BirthdayPak does offer financing to help cover it.

Class 101 Franchise Opportunity – Founded 1998

Class 101 is a little older, having been founded back in 1998, but this continues to be a great business opportunity for those who not only want to be independent business owners but also want to make a difference in the lives of young students. The idea behind this business was to offer a support system for young high school students who are looking to get accepted into prestigious universities or notable colleges but need some financial assistance to do so. Franchise owners are able to provide support such as ACT or SAT training, scholarship applications, college program applications and essays, and so much more. This franchise opportunity definitely fits well with those who have some background in teaching, counseling, or other personal mentoring programs, but really anyone with good communication skills and a drive to help others could succeed as a franchise owner. Other things to know include the following:

The initial investment is $40,400 to $57,600

The franchise fee is $29,900

The ways you can establish a local franchise is as a single owner in your local area, a two-person franchise team or partnership, or as a multiple person ownership known as an education center. But with less than 100 franchises established around the … Read More...

How to Get Your First Clients as a B2B Business

The failing point of many startups in their first year in business tends to be the struggle to find clients. Which can, admittedly, be more the case when you are attempting to run a B2B (business to business) structure. This is because people find it hard to buy into a new brand and can be quite wary, which is only more the case when it comes to a B2B client.

From this, you can start paving the path to acquiring your first B2B client. Simply follow some of the next points:

Create Connections

Existing connections are the biggest asset that you have as a new B2B company owner. You need to create a list of all the people you know and their business connections. As this will, inevitably, give you a number of different avenues to potentially get your new business in front of the right people.

You can meet these people for coffee and give them a soft pitch. If they’re not interested then try not to push it, as you can always ask them to pass it along to someone more relevant.

Blog More

Blogging is incredibly important as a business. It can help establish your expertise, give your business a platform and improve your searchability for certain long-term terms or issues. For some businesses, it is proven to be one of the most established forms of client acquisition.

Of course, blogging isn’t just about populating your own blog with good content. You need to start outreaching to people throughout your industry with similar blogs or publications, as you can set yourself up as a prominent voice in your own niche. It gives your startup some much-needed exposure.

Try to Avoid Cold Calling

Cold calling and emails can be very annoying. You probably get multiple cold calls and emails a day, so you know how painful these can be to receive on a daily basis.

But, not only that, you often cannot reach the people who actually matter in the business in question. You will get third-tier or salespeople contact details rather than decision-makers. Which, on the whole, isn’t ideal for your business or finding the right B2B clients. Therefore, you need to ensure your cold calling and emailing is of premium quality before actively pursuing this strategy.

Host Functions

One of the key ways you can help get yourself more B2B clients is via functions. Host an event and you could bag yourself many new B2B deals, which can be much more lucrative than other sales tactics. As many of these people may already be interested in your brand or service already to accept an invitation in the first place.

Hosting these events, of course, requires a good space to make the right impression. If you don’t have a commercial space that works right now, then you need to pursue a more professional space. Get a commercial property management team on your side and you will be able to find a space that is both functional … Read More...

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