Website Franchise – How Does It Work?
Having a website franchise business is probably one of the smartest ways to make money online. If you could understand how a popular fast-food franchise works, you could then understand how to make thousands, maybe even millions from your home computer.
Let’s take a look at the McDonald’s franchise system:
Ray Kroc bought the McDonald’s name and restaurant from two brothers and revolutionized the world of business. As his restaurant became more and more popular and started becoming a brand name around town, he thought of ways how he could expand his business. The only problem was, he didn’t want to be running multiple restaurants at once. It’s too much work. So he thought, maybe if he could open another restaurant on the other side of town, but have an independent owner operate and run it. All Kroc would do is keep about 4% of that restaurant’s revenue because after all, it is his company. The independent owner could keep 96% of the profit.
After he opened the 2nd and saw that it worked, he went on and opened a 3rd, 4th, 5th, and so on. Today there are over 30,000 franchises world-wide. What does this mean for him? Let’s take a look and use hypothetical numbers to examine the power of franchising:
Say each McDonald’s is only open 10 hours a day. There are 30,000 stores in the world. That would be 300,000 hours of work going into Ray Kroc’s business everyday! Now let’s say each 4% from every store is only $100 a day. That would mean he makes $3,000,000 a day! That’s smart work.
The downside? To buy a McDonald’s restaurant, you need about $1 million dollars. Also, as an independent franchise owner, you can’t sub-franchise your business. Only the McDonald’s corporation can. But with a website franchise business, it’s different.
So how does a website franchise work?
It’s very simple. The best thing to do is get your own income-generating website through a good system. You can host this website for about $20 a month which is really nothing. You also don’t need to build the website as usually there is a tech support team that will do it for you, in less than 24 hours.
Next, you learn how to promote and market this website. As you start driving traffic to it, you will create accounts and begin forming a network. The more franchises you have in your network, the bigger the paycheck each month. So if each website is worth $10 a month, all you need is 1,000 accounts and you’ll be making over $10,000 a month.