Question by Dave K: How much money do you make with your online business franchise like “Dollar Store Service”?
Having bought a $ 7,000 franchise in some big name online business. Can the profits per week be substantial- $ 70 to $ 100? Or are online franchises a little slow on the revenue generation?
Answer by Zarg222
if you paid $ 7000 for a “franchise” – you better hope you make more than $ 70-100 a week – that’s peanuts
never heard of an online franchise – you probably won’t make anything
franschises usually give you exclusive territories – online that is impossible – you are competing for the exact same online shoppers as every other online business in the world – you have no protected territory where people can only buy this company’s products from you – some other franchisee on the other side of the world could be selling to your next door neighbor
seems to me the only ones who will make any money with something like that are the ones selling the franchises ($ 7000 per sale)
Know better? Leave your own answer in the comments!