Login Register

Online Franchises: Why a Business on the Net is Great for Your Net Worth

If you are looking to start a lucrative business while having the freedom to work from home, an online franchise is a great option.

Online franchises not only bring more work-life balance, they give 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 online franchises and provide examples of some of the top ones that are available.

What is an online franchise?

An online franchise is a franchise business that can be operated entirely online.  Instead of investing in physical business locations and staff, you operate a digital storefront.  This greatly reduces overhead costs and other pitfalls that other types of businesses have.

Half of all small businesses in the US are done via the internet.  Home-based online franchises operate in a wide range of areas, including consulting, business coaching, education, broker and IT.  Online franchises are good for entrepreneurs who are looking for a part-time job or flexible hours.

Benefits of Starting an Online Franchise

Flexible Location and Scheduling

An online franchise allows you to work from anywhere that has an internet connection, such as a home office, hotel room, coffee shop, or any other destination you choose to work from.  Some online franchises will require you meet up with clients or work in the field, but you will have the flexibility to schedule these meetings on your own time.

The freedom of having control over your schedule can be very liberating. Having an online franchise will allow you to create a life that fits your needs.

Reduced Staffing and Overhead

Many online franchises only require a few employees for you to manage, while others can be run completely by yourself.  Additionally, most online franchises have little overhead in comparison with other types of businesses.

Recurring Revenue

For many online franchises, the clients you will work with will be recurring.  This will allow you to bring in predictable income.  Online franchises with recurring revenue are especially great for those that want to work part-time while still retaining clients month after month.

Scalability

With many online franchises, you can 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 brick and motor space.  Additionally, since your online business can be open 24/7, people can reach out or purchase services while you’re sleeping.

Top Online Franchises

Transworld Business Advisors

As a Transworld business broker franchisee, you will provide guidance, solutions and advice to your clients to help them grow, buy or sell their businesses.  Transworld has a comprehensive training program and a national marketing campaign.  With their proven unique business model and multiple revenue streams, your earnings potential is limitless.

ActionCOACH

ActionCOACH is the world’s #1 business coaching franchise with franchise partners that are in more than 60 countries.  Becoming part of the ActionCOACH family will connect you to a global community of professionally certified experts.  With ActionCOACH’s library of proven systems and processes, you’ll be positioned ahead of your competition.

TeamLogic IT

TeamLogic IT provides outsourced managed IT services for small and medium-sized businesses.  Using a team of certified technicians, you will solve IT problems for your clients and act as an advisor for putting the right systems in place.  The parent company of TeamLogic IT, Franchise Services Inc. (FSI), has 40 years of experience supporting franchise owners and helping them succeed.

WSI

WSI is the world’s oldest and largest internet marketing company. With more than 1000 consultants in over 80 countries, WSI has helped thousands of small and medium sized businesses, along with Fortune 1000 corporations, to realize their internet marketing potential. WSI provides complete training, ongoing support, and has the world’s largest private marketplace of suppliers and production centers.

CMIT Solutions

CMIT Solutions offers IT solutions that monitor office computers, networks and systems round-the-clock.  CMIT Solutions has been in the tech space for 24 years and has more than 250 locations nationwide.  They partner with major tech vendors to provide lower costs to clients and revenue stability fort their franchisees.

Conclusion

To summarize, if you are serious about business ownership, starting an online franchise is a great option.  Not only will you be able to choose when and where you will work, you’ll be able to start your business with less overhead than other types of businesses.  You’ll also have the ability to scale your business more efficiently than if you were to start a business requiring a physical location.

Recent Articles

A Yoga Franchise Can Add Flexibility to Your Finances

Are yoga franchises profitable? The profitability of a yoga franchise can vary depending on several factors, including location, market demand, […]

Home Care Franchise: A Guide for Potential Owners

What is a home care franchise? A home care franchise is a business opportunity where the rights are purchased to […]

How to Sell a Franchise: What You Need to Know

Can I sell my franchise to someone else? Yes, you can sell a franchise to someone else, but the process […]

Why a Salad Franchise is a Fruitful Financial Opportunity

Are salad franchises profitable? Salad franchises can be profitable, but success depends on various factors including location, competition, quality of […]

Home-based Franchise: 12 Options You Can Run Remotely

Can you run a franchise from home? Yes, it is possible to run a home-based franchise, depending on the nature […]

Turnkey Business for Sale: What to Know Before You Buy

Are turnkey businesses profitable? The profitability of turnkey businesses can vary depending on various factors such as the industry, market […]

Featured Franchisors

Featured Franchisors

Featured  Resales

Play It Again Sports Winnipeg, MB
Great store and a great location
Floor Coverings International Resale
Great opportunity in Naples, FL!
Orange Leaf Frozen Yogurt Cypress, TX!
Towne Lake
Music Go Round Greensboro, NC
Music Store For Sale!
Three West Los Angeles, CA Territories
19 Years of Operation: Amazing Growth Potential
Floor Coverings International Resale
Great opportunity in Chicago!

Featured Resales