BE YOUR OWN BOSS
FRANCHISE BUSINESS PROMISES GREAT RETURNS. HERE'S THE LIST OF IDEAS THAT WILL HELP YOU TO START YOUR OWN FRANCHISE
OVER the years franchise busi ness has matured. Now a days franchise modules are premised on simple, affordable and convenient innovations that use fewer resources and has an advantage over incumbent companies. Read on to know the current trends in franchise business.l HEALTHY AND HAPPY LIVING:
The need for healthy living has bought forward many new business concepts in food and wellness categories particularly Like cold-pressed juices, functional yoga, subscription based healthy meals, to name a few.
GRAB & GO CONCEPTS :
The time-pressed consumer is becoming a lucrative market for innovative business thinkers, from retail store makeovers to e-commerce offerings to out-of-the-box catering.
MICRO FRANCHISING :
Asset light business models where technology is integrated with existing assets is the order of the day where business models like Uber, OLA , Yo Rooms are about bringing more sweat to existing infrastructure.
ONLINE FRANCHISING :
It is about using franchising for executing business at the last mile where concepts like Dark stores; service models like My Glamm are finding value.
SPORTS LEAGUE :
Today not just global but local sports like kabbadi and body building are being re-packaged into sports leagues that are being franchised to create sporting and entertainment IPs.
TRAVEL RETAIL:
Brand Stores on highways, railway stations, metros ,airports have higher returns with a more captive and well-paying consumers.
EARLY LEARNING:
Early learning is becoming more objective with focused business models related to sports training, art, science, mathematics, etc.
LOCAL SPECIALTIES:
Indians are going back to their roots particularly in food and personal care with indigenous and lo cal specialty products making a comeback with contemporary packaging and wider distribution.
ORGANIC IS TRENDING:
Rising health consciousness among the consumers is one of the key factors for the growth of organic industry. Various types of conventional foods use chemical fertilizers and pesticides. This has led to the birth of this niche segment. Organic industry is the game changer for the new age investor and a positively bizarre profitable idea.
ONDEMAND RESOURCES:
Businesses like salons or schoos now work as business model where stylists or specialised teachers are treated as independent contractors, rather than fulltime employees bringing category specialisation in a business while reducing costs and benefits payouts.
CO-SHARED PLACES:
In co-working spaces, entrepreneurs share one big office and can benefit from a wide range of services depending on their membership, conference rooms, espresso machines or lounge.
PROFESSIONAL PERSONALISED SERVICES:
Services like matchmaking, job search, kids counselling are shifting from generalist to specialised as people need more objective and personalized advice.
BESPOKE TAILORING:
This is being seen as a premium business model catering more to men customers.
DIY CONCEPTS:
Do-it-yourself business concepts are coming in business sectors like laundress, furniture, etc., which offer cheap and convenient alternatives to consumers.
ONLINE TO OFFLINE:
Products that have found initial spurt in ecommerce are now building offline presence to establish their brand recognition and loyalty.
24X7 NOW OFFICIAL:
A lot of late night business concepts will emerge in retail and convenience foods, now that 24hour operations have been officially permitted by the government.
DISTRIBUTIONSERVICING HITECH PRODUCTS:
Wearable tech watches or jewellery or even IOT products would need to create a distribution set up along with servicereplacement centers through franchise mode.
MOBILE FOOD TRUCK:
The food truck business is about of business, time management, marketing and your passion for food that can bring profitability as high as 30 per cent and can be moved if one location does not generate enough business.
RENT A MODEL:
For the most part, people don't really care about buying products, as they only need to use them to get jobs done in their lives. This has given rise to rent a model that is becoming increasingly popular in categories like toys, books, luxury clothes, etc.
CLEANTECH & WASTE MANAGEMENT MODEL:
Waste management and clean tech businesses that can range from waste collection to recycling through small plants are a great business model.
LOGISTICS AND FULFILMENT:
The rise of ecommerce has created another start-up opportunity for building a logistics business to deliver goods from warehouse to the customer. The local franchise partner is the last yard of the fulfilment process.
CLEANING SERVICES:
With product aspirations for luxury and time becoming more expensive, cleaning services related to home cleaning, office cleaning, carpets, sofa are all in big demand.
The need for healthy living has bought forward many new business concepts in food and wellness categories particularly Like cold-pressed juices, functional yoga, subscription based healthy meals, to name a few.
GRAB & GO CONCEPTS :
The time-pressed consumer is becoming a lucrative market for innovative business thinkers, from retail store makeovers to e-commerce offerings to out-of-the-box catering.
MICRO FRANCHISING :
Asset light business models where technology is integrated with existing assets is the order of the day where business models like Uber, OLA , Yo Rooms are about bringing more sweat to existing infrastructure.
ONLINE FRANCHISING :
It is about using franchising for executing business at the last mile where concepts like Dark stores; service models like My Glamm are finding value.
SPORTS LEAGUE :
Today not just global but local sports like kabbadi and body building are being re-packaged into sports leagues that are being franchised to create sporting and entertainment IPs.
TRAVEL RETAIL:
Brand Stores on highways, railway stations, metros ,airports have higher returns with a more captive and well-paying consumers.
EARLY LEARNING:
Early learning is becoming more objective with focused business models related to sports training, art, science, mathematics, etc.
LOCAL SPECIALTIES:
Indians are going back to their roots particularly in food and personal care with indigenous and lo cal specialty products making a comeback with contemporary packaging and wider distribution.
ORGANIC IS TRENDING:
Rising health consciousness among the consumers is one of the key factors for the growth of organic industry. Various types of conventional foods use chemical fertilizers and pesticides. This has led to the birth of this niche segment. Organic industry is the game changer for the new age investor and a positively bizarre profitable idea.
ONDEMAND RESOURCES:
Businesses like salons or schoos now work as business model where stylists or specialised teachers are treated as independent contractors, rather than fulltime employees bringing category specialisation in a business while reducing costs and benefits payouts.
CO-SHARED PLACES:
In co-working spaces, entrepreneurs share one big office and can benefit from a wide range of services depending on their membership, conference rooms, espresso machines or lounge.
PROFESSIONAL PERSONALISED SERVICES:
Services like matchmaking, job search, kids counselling are shifting from generalist to specialised as people need more objective and personalized advice.
BESPOKE TAILORING:
This is being seen as a premium business model catering more to men customers.
DIY CONCEPTS:
Do-it-yourself business concepts are coming in business sectors like laundress, furniture, etc., which offer cheap and convenient alternatives to consumers.
ONLINE TO OFFLINE:
Products that have found initial spurt in ecommerce are now building offline presence to establish their brand recognition and loyalty.
24X7 NOW OFFICIAL:
A lot of late night business concepts will emerge in retail and convenience foods, now that 24hour operations have been officially permitted by the government.
DISTRIBUTIONSERVICING HITECH PRODUCTS:
Wearable tech watches or jewellery or even IOT products would need to create a distribution set up along with servicereplacement centers through franchise mode.
MOBILE FOOD TRUCK:
The food truck business is about of business, time management, marketing and your passion for food that can bring profitability as high as 30 per cent and can be moved if one location does not generate enough business.
RENT A MODEL:
For the most part, people don't really care about buying products, as they only need to use them to get jobs done in their lives. This has given rise to rent a model that is becoming increasingly popular in categories like toys, books, luxury clothes, etc.
CLEANTECH & WASTE MANAGEMENT MODEL:
Waste management and clean tech businesses that can range from waste collection to recycling through small plants are a great business model.
LOGISTICS AND FULFILMENT:
The rise of ecommerce has created another start-up opportunity for building a logistics business to deliver goods from warehouse to the customer. The local franchise partner is the last yard of the fulfilment process.
CLEANING SERVICES:
With product aspirations for luxury and time becoming more expensive, cleaning services related to home cleaning, office cleaning, carpets, sofa are all in big demand.
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