If you have a passion for helping small to medium-sized businesses grow and become profitable, you may want to consider a B2B (business-to-business) franchise.
In this article, we’ll take a look at eight of the best B2B business ideas and concepts available in the franchise world today.
Simply put, B2B franchises provide products or services to other businesses, whereas B2C franchises offer products or services to consumers (individuals).
While B2B franchises may not seem as glamorous as B2Cs like the constantly busy Mcdonald’s or KFC, they offer a great opportunity for franchisees to make money, help other businesses, and avoid some of the large capital outlay of B2C franchises.
B2B franchises can help fill the void of many of the services and products that businesses need and that’s why investing in the right ones make sense.
There are two primary types of B2B franchises:
Since there are so many B2B business opportunities, it’s a good idea to filter some out by selecting only those you would enjoy working with.
If the Covid pandemic has taught us anything, it’s crucial to own a business that can keep going when others are struggling. In the case of the pandemic crisis, while other businesses scrambled to make ends meet, many B2B franchises were listed as “essential services”.
In addition, the best B2B franchises:
To soar in a B2B consulting franchise, you should have a passion for helping other businesses succeed.
P3 Cost Analysts help business owners save money by analyzing their bills to find ways to reduce costs. To succeed as a franchise owner for P3 Cost Analysts, you won’t need auditing skills because you’ll have a team of experts behind you to do the heavy lifting. All you need is sales experience, and your team will perform the core services so that you get your clients the best results possible, every time.
Owning a P3 Cost Analysts franchise does not require a heavy investment, and they provide everything you’ll need to succeed.
Succentrix has a solid 50 years of experience in tax, accounting, and business advisory services. The company uses a 21st-century cloud-based franchise model to assist small businesses across America.
As a franchisee, your work would be to teach, facilitate, and coach small businesses across the nation, empowering entrepreneurs to become financially strong and stable.
Your investment gives you the trusted brand name, branded supplies, all the training you’ll need to get going, digital marketing materials such as landing and social media pages, and access to ongoing one-on-one support and knowledge.
As a Hommati franchisee, your clients are real estate companies to whom you offer much-needed innovative solutions which they need to increase their revenue. Examples include: virtual reality tours, aerial HD video and stills, floor plans with measurements, augmented reality services, and free automated brochures.
There are a number of benefits to offering innovative solutions to the real estate market, such as having large unrestricted territory; there is only one franchisee per 200K population. In addition, statistics show that 68% of homes are sold faster with aerial images than with standard, and 73% of homeowners say they would prefer to list their homes with agents who utilize video, but only 9% do[*].
American Business Systems is the quickest way to begin a medical billing business. As long as you offer services in the US, you are able to offer solutions for every practice management aspect as well as cash flow optimization.
For $27,990, you’ll receive web-based billing and electronic medical records systems, professional marketing materials, live workshops, video training, lifetime technical and marketing support, ongoing live webinars, and conference calls.
The one great benefit of becoming a franchisee for ABS is that you won’t need to pay royalties or work under territorial marketing restrictions.
You don’t need experience in this field as training is provided and you’ll receive the relevant certification during training.
Small to medium-sized businesses pay TeamLogic IT a monthly fee for ongoing IT support, so the company becomes their IT department. The franchise minimizes downtime if the client’s equipment fails, and it also offers advice on the steps needed to grow and protect its internal technology.
TeamLogic IT has a mix of franchisee owners; some are tech-savvy while others have no technical experience at all. However, both groups succeed because the franchisor is selective about who they bring on board as franchisees.
TeamLogic IT needs to know that its franchise owners have a passion for technology as well as for their community, and understand that running their business must be done like a CEO.
Ideally, you are already a B2B service professional with existing B2B relationships, because this will help you succeed as a franchisee in the IT domain.
An interesting and affordable concept, SocialOwl offers franchisees a business they can start immediately. Instead of spending a fortune building your own platform like SocialOwl’s, for $149 a month, you can use theirs.
You’ll own a modern and ready-made website on your own domain name, make use of a platform to manage a week’s worth of social media per client you secure, get access to content and marketing materials, control client portals, analyze results, and have access to ongoing training.
It’s probably advisable to have a bit of a marketing background, but you don’t need to have social media experience. One client earns you $300, and 50 clients will get you over $15,000 per month.
An award-winning franchise company, Town Money Saver is a performance-awarded B2B franchise opportunity; in other words, no fees are required to become a franchisee. All that’s required is that you generate enough sales to cover the costs of your first Town Money Saver publication.
This franchise opportunity is structured to provide franchisees with the tools and knowledge to profitably and effectively produce a monthly community publication. The opportunity comes with a website, mobile app, and Facebook page. Nothing else is necessary to start your own franchise.
Town Money Saver does all your accounting, graphic design, printing, and mailing, enabling you to focus on customer relationships and growth.
Fastsigns is the leading signage and visual communications company in nine countries, with 700 independently owned and operated Fastsigns centers. For ten years, the company was recognized as a World-Class Franchise (2006-2016) by the Franchise Research Institute as a result of its franchise model.
Fastsigns provides effective training and support to franchisees. It says that its franchisees average upwards of $789,878 in revenue annually, with top-quartile centers earning 34.5% in discretionary profit[*].
These eight ideas provide some good examples of the types of B2B franchises available, and what’s required to get going.
We recommend taking this a step further and conducting your own research to find out what B2B franchises would either be a match for your skills, or which concepts most excite you, bearing in mind that many opportunities don’t require the franchise owner to be skilled in the core service.
For example, P3 Cost Analysts require low investment, provide training, and offer a core service that is done by experts. All you need to do is find the clients and have a passion to help them reduce business costs.