Franchise is defined as a business linking between franchisee and franchisor. The franchise agreement consists of training in the functioning of franchise business and existing of franchising concept in aspect of activities like marketing campaign, sourcing stock, implementing sales contract etc. MultilinkWorld is a franchise business that provides various business models and has been operating with numerous of agents throughout the country since ever established. There are various benefits of franchise.
1) Management Training and Support:-
Incompetent management causes business to fall towards loss. Franchisors are familiar to this and thus, provide training programs to franchisees before they come into operating as the major success of business depends on franchisees or agents.
2) Regiment Quality Goods/Services:-
A franchisee affiliates a license to sell the product/ services of franchisor or franchise business and has a right to use associated brand name, and the quality of goods/services describes the reputation of business and franchisor.
3) Territorial Protection:-
Franchisors (MultilinkWorld) offer franchisees or agents a territorial protection which privileges the franchise to distribute brand name goods/services within a particular geographic area. The size of franchise differentiate from industry to industry.
4) Enhance Probability of Success:-
Franchising is less risky than creating a business, the appropriate success rate of franchising is reference to wide range of services, assistance, guidelines provided by franchise business owner/franchisor. Many franchisors accept that franchising plays huge role in success of their business.
5) Brand name Appeal:-
Franchisee privileges to use globally known and advertised brand name for goods/services and this is why franchisee/agent holds the benefit of using widely recognized name to identify his business and generally it offers a great deal of selling power.
These were various advantages of being a franchisee/agent other than depending wholly upon full time job or building a new business. It enhances one’s skills, experience and learning in the field of marketing and does not require any great investment but just numbers of assets like laptop/computer system, printer, internet connection and hard work.
MultilinkWorld 