By Neil Patel

If you’re a new entrepreneur looking for profitable business ideas with minimal risks, a franchise business can be a great place to start.

A franchise business carries the success, credibility, and popular associations of established brands, reducing the need for extensive marketing and brand building for you as a franchise owner. This can save you much time and money as you focus on making your business more profitable.

A franchise business model can also help you scale rapidly because you inherit the operation processes and framework from the licensing company.

Think about it this way: What would be easier?

Starting a company from scratch, working on branding, operations, funding, and marketing—or buying a license for a pre-established company?

In most cases, it’s the latter. That’s why entrepreneurs are so eager to buy into franchise businesses.

What Is a Franchise Business?

A franchise business is a licensing model of business where a successful company allows you to run a version of its business using its logo, processes, and in-house resources.

Think of the many fast-food stores you see worldwide.

These “franchise” businesses exist in multiple locations, selling the same products under the same branding, which helps build loyal customers and instant brand recognition. Some examples of worldwide franchises include McDonald’s, Domino’s Pizza, and Subway.

Option #1: Start a “Home Services” Franchise Business

Home service franchises offer services related to moving and housing. These work best for regional companies as most people prefer using local home repair and renovation services to save time and money.

Painting Franchise Business

As more and more houses are built every year, the demand for painters keeps growing. You can cash in on this growth by launching a painting franchise business.

Companies like CertaPro Painters let you start your own business under their name, so you can begin offering painting services using the CertaPro branding.

Repair Services

No matter where you live, there is always a need for repairing services.

If you’re looking for a steady business with minimal market shocks, start a repair service franchise. This model is fairly stable because houses need recurring repairs—meaning you have the opportunity to develop long-term customers.

Some popular options include Paul Davis Restoration, Mr. Handyman, and 911 Restoration.

Moving Services

Another popular home service franchise business opportunity lies in the moving industry. Beyond moving series, these franchises offer temporary storage and junk removal services. You can find franchise business opportunities with companies like UNITS Moving & Portable Storage.

Although, it’s important to keep in mind that managing a moving business can be incredibly tricky because there’s a greater degree of responsibility involved.

House Cleaning Services

As the average citizen moves towards continuously busier lifestyles, the need for house cleaning services has grown significantly over the past few years. You can benefit from this …read more

Source:: Kiss Metrics Blog

Author: Aaron