For those looking to start a lucrative business while having the freedom to work from home, starting an online franchise is a great option.
Starting an online franchise not only brings more work-life balance, but it gives you the opportunity to run a business without many of the headaches that brick-and-mortar franchises often come with.
In this article, we’ll explore the benefits of starting an online franchise and provide examples of some of the best online franchises you can start this year.
Instead of being tied down to a physical location, starting an online franchise allows you to essentially work from anywhere that has an internet connection. This could be a home office, coffee shop, hotel room, or any other destination you wish to work from.
Some franchises will require you to work in the field or meet up with clients from time to time, but you’ll have the flexibility to schedule these meetings on your own time.
This freedom of designing your schedule can be quite liberating. Whether you are a parent, caretaker, or simply have other responsibilities outside of work, starting a home-based franchise will allow you to create a life that fits your needs.
Most online franchises require minimal employees for you to manage, while others can be run completely by yourself. Some may allow you to start out as the only operator and, once you scale and get more comfortable with the business, it would make sense to bring on the employees that you need. In all cases though, online franchises typically have management training or systems to help you manage these employees effectively.
Additionally, most online franchises have little overhead in comparison with their non-online counterparts. When you think of how employee- and cost-intensive retail or food franchises are, it makes sense for most people to run an online business.
For a lot of work-from-home franchises, the clientele you work with will be recurring and therefore allow you to bring in predictable income. Also, depending on the type of service you offer, it might not take a ton of clients to actually meet your profit goals. Franchises with recurring revenue are especially great for those that want to work part-time while still retaining clients month after month.
With many online franchises, you’re able to pull clients from all across the country or even the world. This allows you to scale much bigger and quicker than if you were tied down to a physical space in your local community. Furthermore, since your online business can be open 24/7, people can reach out or purchase services even while you’re sleeping.
Starting a cost reduction franchise with P3 Cost Analysts is a great opportunity to do rewarding work in a booming industry. As a franchisee, you’ll be able to take advantage of a proven cost reduction system in order to help businesses uncover savings and improve their bottom line. You’ll have access to P3’s industry experts that have over 150 years of combined experience to help with deep auditing, while you get to focus on the growth and development of your business.
Furthermore, you’ll undergo comprehensive training to learn all of the operational and consulting tactics needed to successfully handle your responsibilities as a franchisee. And you don’t need to worry about how you’ll get clients, as you’ll be able to leverage P3’s proven marketing system and assets. Additionally, you’ll be provided with a fully integrated suite of software that organizes and facilitates all aspects of your business.
By starting a franchise with Chem-Dry, you’ll be joining the world’s largest and most economical carpet cleaning franchise. An estimated ten billion square feet of new carpet is installed every year and 52% of all residential floors are covered with carpet, so there is a massive opportunity for revenue in this industry. You also have the award-winning name of Chem-Dry backing your efforts.
As a franchisee, you’ll run a territory or territories and manage a team of carpet cleaners equipped with proprietary cleaning systems and supplies from the comfort of your home office. You’ll have access to Chem-Dry’s marketing collateral which includes an SEO-optimized website, social media materials, pay-per-click advertising campaigns, and digital marketing training. Furthermore, you’ll be provided with professional CRM and analytic tools to run your business effectively.
With many staffing and compensation challenges, outsourcing dental and healthcare billing is increasingly becoming a popular choice for small to midsize practices. For these reasons, now is a great time to start your own medical and dental billing franchise with ClaimTek Systems. You’ll be entering a recession-proof industry while being able to work from anywhere in the world. With this low overhead business model, you’ll be able to start a profitable business without breaking the bank.
Franchisees don’t need previous experience in the healthcare or dental industries and will be provided with the training needed to build credibility and a lucrative franchise. With this turn-key opportunity, you’ll be given the resources and equipment needed to service many types of practices including family medicine, internal medicine, urgent care, cardiology, mental health, dental, and more. Furthermore, ClaimTek gives you access to business development resources, marketing materials, software solutions, and 1-on-1 consulting.
Ranked as the #1 IT franchise by Franchise Business Review and Entrepreneur Magazine, TeamLogic IT is a proven model you can leverage as a franchisee. You’ll need a passion for technology and IT, as you’ll be serving the managed IT needs of small and medium-sized businesses. Many small to midsize businesses don’t have the time or resources to handle their IT needs effectively, which means there is much opportunity for growth in this industry.
On a day-to-day basis, you’ll learn about your clients’ businesses and their needs, manage a team of technicians, and continue to grow your business by leveraging TeamLogic IT’s sales/marketing infrastructure. You’ll have world-class support, access to business management tools, and be able to attend annual conferences designed to help you succeed with your managed IT business.
Businesses need to innovate in order to keep up with their competitors and the changing digital landscape. By becoming a franchisee with FullPivot, you’ll be able to assist businesses of all sizes to enter the digital age by helping them implement a variety of digital transformation solutions. The services you’ll offer include SEO tactics, website development, mobile app development, online stores and ordering systems, and business communication consulting.
This business model is highly scalable and allows you to serve clients all across the world. Additionally, with many streams of revenue, there’s much profit potential for your virtual business. As a franchisee, you’ll have access to FullPivot’s team of experts, a complete business-in-a-box solution, marketing materials, and 1-on-1 business coaching.
If you aspire to help businesses grow and succeed, starting a franchise with The Growth Coach is a great option. You’ll be given the training needed to help businesses level up and also learn how to manage other coaches. Sometimes you’ll be coaching individuals and other times you’ll be in charge of coaching groups.
The coaching industry is on the rise and now is a great time to refine your skills and build a lucrative business in this industry.
If you’re serious about business ownership, starting an online franchise is a great option. Not only will you be able to choose where and when you work, but you’ll be able to start your business with less overhead than other types of franchises. Furthermore, you’ll have the ability to scale your business more efficiently than if you were to start a franchise requiring a physical location.
With many types of online franchises to choose from, it’s up to you to decide which franchise will be the best fit for your skills and interests. For those of you that enjoy helping other businesses succeed, cost reduction consulting could be a great opportunity. It’s also an industry with much growth potential.