You’re looking for a new adventure to fulfill the next journey in your life. You want to leave a legacy. The entrepreneur inside of you is screaming and waiting to be released.
But wait. Where do you even start?
What if you have no ideas, not enough money, and you have no clue how to get started?
Since you’re reading this, I’ll assume that you have been thinking about the franchising business. Franchising can be extremely rewarding for entrepreneurs that want to run a business but don’t want to build one from scratch.
This is an opportunity for you to run a business and receive the benefits (and challenges) without growing your own brand. Today, we’ll talk about a pretty awesome company that offers franchising opportunities to the public. AVIS.
What is AVIS?
This company provides automobile rentals that are luxury vehicles, available to the public for up to 180 days. Luxury cars? There has to be some major profit and growth to be earned through this type of industry, right?
I’ll be going through the major details for franchising AVIS and the requirements that are expected of you. I’ll also go through a few of the disadvantages of going through this company.
Ready? Let’s go!
Contents
AVIS Luxury Rentals
Not everyone has the money to shell out for their favorite luxury vehicle. But that doesn’t mean they can’t pretend, or even enjoy riding in luxury every once in a while.
AVIS provides the public with the opportunity to rent these luxury vehicles at a very respectable price. They not only give the public a wonderful chance to rent and drive the car of their dreams, but they also give back to the community.
The company claims that they give back 5% to the Make A Wish Foundation. What an incredible heart this company seems to have. Their pricing is very reasonable for everyone to have the chance to get in the driver seat of that luxury car that they normally wouldn’t imagine ever getting on their own.
The deals and discounts that AVIS provides are pretty awesome as well. There are not only regular discounts and great pricing, but they offer business discounts. Which this comes in handy for corporate events and traveling.
But we’re not here to just talk about how great the company is, right? You want to know about the franchise opportunity that they offer and how it can benefit your life.
Well, keep reading!
Franchising Details on AVIS
Deciding on a franchise business can be extremely overwhelming. There are thousands of options out there to choose from and it’s hard to even decide where to start.
Well, once you’ve narrowed down to the industry you want to work in, next you need to do your research. When it comes to research, there are a few things you’ll need to consider.
Whether or not the company has had a good rate of growth can determine whether or not there is interest in the franchise or if people were even getting any profit from the experience.
When we take a look at the growth of AVIS, it’s not too extreme. In fact, there is actually a decrease in the number of outlets that are running. In 2010, there were a total of 292 operating outlets. That number decreased to 286 in 2016.
Now that we know the growth rate of this company, we need to check into the turnover rate. Since the growth decreased, we’re hoping to see this turnover rate as low.
If the number is too high, that could indicate that there were a lot of terminations of the agreement. This could mean that the franchisees may not have gotten much profit from the business.
And you wouldn’t want to get into a business that would waste your investment. Fortunately, the turnover rate is 5.9, which isn’t too bad. Depending on the reasoning behind this number, it could go either as a positive or a negative.
Your best bet would be to ask the company certain questions such as how many outlets terminated or transferred their agreement.
Is the cost of investment worth the risk? You tell me. The initial franchise fee for AVIS is $25,000, but the total investment will be between $750,000 and $1.6 million.
It’s a pretty big range. Especially since you are only signing into a 10-year agreement. Yet, the initial agreement term is a required 10 years and you can renew the agreement for another 5 years.
During those 10 years, you’ll also be responsible for paying a 7.5% royalty fee that is based on your gross revenue. That royalty rate is pretty high compared to most other companies in this industry.
Heck, it’s high compared to any industry. So that’s an important factor to keep in mind when making your final decision.
Concluding the Opportunity
The fact that franchising is an incredible opportunity is no secret. But it’s also no secret that it comes with challenges and a list of responsibilities that you may or may not be up for.
You have to really want it, and you have to be in it 110%. So you’d better make sure that the company is one that you fully believe in and adore with your whole heart and mind.
When considering AVIS, you now have a better understanding of what the company is and what’s required of you. You should also understand a little more if this is something that you can actually see yourself getting into.
The next step is to write down all of your questions, and don’t say you don’t have any more questions, because you better have more! Then, contact the company themselves and get those answers right away.
Find out the top-secret formula that they use to hypnotize their customers. Ok, maybe not that, but really, figure out the ins and outs of the entire opportunity.
Go into this franchise opportunity with a fully educated mind and clear thought of what you’re getting into.
Why I Prefer Lead Generation Business Versus Franchising Business Plan As A Jump Start In 2019
In business, it is very important to consider the income. This is vital because it is the blood just as you need air to breathe to live. In this industry, it is a must for every small business owner, just like you, to consider a few details—but with most significance.
In a franchising business, as I’ve mentioned earlier, needs an amount of money reaching at least $100,000 to as high as million dollars as an initial startup. It’s part of the franchisor’s terms apart from the training and intense market research you need to do before they give you the franchising authority.
These alone entail a lot of work. Yet, you aren’t assured you own a 100% of the income because you’re borrowing someone’s brand to earn. It’s not solely your own business. Proof of that is the royalty fees and other miscellaneous fees you need to pay monthly such as the advertising or any other promotional fees.
As an average-income earner like I was four years ago, spending that kind of money is too much for me. This is where the lead generation has the biggest advantage among other business models I’ve come across with.
With a few hundred dollars for the lead generation coaching program my mentor, Dan, introduced to me, I was able to put up a successful lead gen business that until now I am earning a lot. I earned my first $2,800 after a few months while I was working full-time and as high as $10,000 7 months after I quit my 3-year job.
Why is earning 6- to 7-figures possible in lead generation?
Nowadays, more and more customers lurk around the web in search of something to buy or to spend for a certain service. Be it cleaning to plumbing or any crazy service available out there.
Because they hang out most of the time on the internet by the use of smartphones, the small businesses are aware their potential market is there. However, the problem is most of them don’t know what to do besides spending some money to put up a website and on ineffective online marketing strategies that don’t work.
Approximately 30 million registered and operating small businesses across the US with at least 50 niches, that’s a lot of competition between these groups, targeting a percentage of the market they want to bull’s eye.
This is the real situation, a dire situation to most local business owners. They want the bread and butter we produce, the leads. Once you get into the business I am doing, you’ll realize how much help you’re contributing to these struggling group of people.
How?
In the lead generation business, you’re creating virtual billboards for the same company you’re working on. And in each billboard you erect on Google, there are amass number of leads you’re generating—the customers—to deliver to the specific service provider, which is your client. In exchange for these leads, they pay you every month to gain access and take advantage of these as their source of income.
This is what I experienced when I had my first lead gen site for a Limo company in Lansing, MI wherein I made the simple website for around 6 hours.
Because it’s ranked well on the search engine and generating a huge amount of leads for the client, they don’t have doubts about paying me $750 per month for 4 years now.
If we do the Math, that’s $750 x 12 months = $9,000 in 2014
$9,000 x 4 years (in 2019) = $36,000
The figures go on in the next 10, 20, 30 years.
That’s for one client alone. To date, I have 88 operating lead gen sites with 45 clients I serve this year. Every single month, I receive $45,000 to $50,000 per month in residual income.
That’s 90 to 95% profit margin because it’s a digital product. So, there’s no hassle on handling physical products unlike in a franchising business (you’re planning to go into).
This is what makes our lead generation program amazing because it delivers you the following with a 100% success rate:
- The High-Income Skill. We don’t just teach you how to build a successful lead generation site but the financial confidence you need to develop and boost as a businessman. Once honed and mastered, it will pave the way to your first million passive income. It’s a lot of work. In fact, REAL HARD WORK. However, there’s nobody who will this skill away from you because you own it a 100%.
- The EXACT blueprint to your 6- to 7-figure by building and running successful lead generation websites for your clients. This gives you the exact guide that I, as well as other successful online entrepreneurs, have learned all these years to earn our 6 figures.
Are you ready? Go here to get started.