Franchising Business

One way to becoming wealthy is to franchise a business. The good thing to franchise a business is that the business is already proven and successful. You'll just have to copy the business system. But before you get into franchising, be sure to have a feasibility study of the business your'e going into. Ask questions and if possible, consult a legal counsel.

Franchising in the Philippines began in the 1980s, with the sector predominated mostly by foreign franchise companies. From around 20 foreign and local franchises, the sector rapidly grew, with the figure reaching around 1,000 by 2008.

The growth of franchises has been helped by the various programs undertaken by the Philippine Franchise Association (PFA), which is a voluntary self-regulating governing body for franchising in the country. Established in 1995, the PFA now has 180 franchisors and allied members nationwide and is currently the country’s biggest franchise association.

PFA members are bound by the Fair Franchising Standards (FFS), a Code of Ethics which the Association developed, ensuring that they commit themselves to respect and to apply fair set of provisions in the conduct of the sale of their franchises, protecting both franchisors and franchisees.

With over 90% success rate, franchising has evolved as a business model primarily identified with minimal risk. This, in turn, makes franchising a most preferred strategy that guarantees countless opportunities for all entrepreneurs.

Through this booklet, PFA aims to help increase the level of awareness in the MSME sector, even the aspiring entrepreneurs, on franchising as the best strategy to achieve rapid business expansion, while maintaining high survival and sustainability rates. Recognizing the significant roles that MSMEs play in national development, PFA continuously links the franchise advantage to the MSME sector in the hope of retaining greater economic activity.


What is franchising?

Franchising is derived from the Old French word “franc” which means right or privilege. It refers to the method of practicing and using another’s perfected business concept. This duplication of a successful business involves two legally independent parties – the franchisor and the franchisee.

In a franchise relationship, the franchisee is granted the right to market a product or a service under a marketing plan or a system that uses the trademark, name, logo and advertising owned by the franchisor.

As a contractual agreement for the franchisee to use the franchisor’s business, operating and marketing strategies, franchising establishes a relationship with a successful business allowing entrepreneurs to use and capitalize on its proven system and name.


What are the different types of franchising?

There are two different types of franchising – product franchising and business format franchising.

Product franchising, also known as trade name franchising, is that type of franchising wherein a manufacturer grants a franchisee the right to sell its products, but with no method of doing business. Examples of this type of franchising are car dealerships and service stations. Product franchising usually peg royalty collection on a product basis and not on gross sales as compared to business format franchising.

A more complex form of franchising is the business format franchising. Also identified as a name and process franchise, this format features a broader and ongoing relationship between the franchisor and the franchisee. Aside from granting the right to use the name and market the products and services of the franchisor, the franchisee is also provided a complete plan for managing and operating the business – a transfer of the proven way of doing business that has been developed by the franchisor. This plan often includes a full range of services, including site selection, training, product supply, marketing plans and even assistance in obtaining financing. All of the franchisor’s operating systems, technical expertise, marketing systems, training systems, management methods and essentially all relevant information, are transferred to the franchisee.

Business format franchising offers franchisees the advantage of a proven trademark and formula of doing business, as opposed to having to build a new business and brand from scratch. Franchisors are also able to expand rapidly across countries and continents. Franchisees are offered significant training, which is not available for free to individuals starting their own business.

In this arrangement, franchisors typically control how franchisees conduct business to ensure uniformity. Though these controls may significantly restrict the franchisee’s ability to exercise its own business judgment, the end result is to the benefit of the consumers because certain standards are maintained. To this end, franchisors may require the franchisee to operate in a particular manner - operation during certain hours, using only pre-approved signs, employee uniforms, and advertisements, or abiding by certain accounting or bookkeeping procedures. The franchisor may also require the franchisee to purchase supplies only from an approved supplier, in order to ensure that the consuming public does not suffer from inconsistency in product quality.

With the means of distributing goods and services perfected, rapid expansion of a successful business concept occur more quickly. Modern day franchising is primarily in the business format mode, accounting for around 90% of franchise businesses worldwide. PFA is an association of franchisors who are into business format franchising.



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7 Easy Methods on Blogging for Wealth

There are many ways to become wealthy. Blogging for money is one of it. It is actually pretty easy and simple. If you love to write you can make a decent living with your blog. There are a few key points to focus on when considering the possibility of blogging for wealth, the first one is diversity. It is hard to make a decent amount of money on a regular basis with a blog if you only employ one method of monetization. Monetization Methods

1) Adsense: This is perhaps the most commonly seen form of blog monetization. It is easy to start, you don't have to do anything at all after you have it set up, and it has the potential for earning you a reliable amount of money and is facilitated by a reputable company—Google.

2) Paid Blogging: This seems like a no-brainer but there are a few different ways to make money creating paid posts. There are several companies online that will have opportunities for you to write posts for pay. The two main differences to look for when considering this type of work are the form posts need to take when doing the opportunities from those companies: freeform, or advertorial. Freeform type posts are easier to do because you can write about any subject that interests you so long as it includes a particular keyword or phrase with a link. Those types of posts also keep your blog from looking like one big billboard and that will make your readers happier, and your traffic up.

3) Affiliate Links Programs: These are gaining popularity amongst blogging for wealth community because they allow bloggers to choose the types of links they put in their posts or sidebars making them more focused on the subject of their blogs. You can usually find affiliate opportunities at any company selling items online, or one of the many affiliate 'brokerages' that will not only keep track of your link sales but pay you directly in a lump sum for all of your links at once rather than having money filtering in from various companies individually.

4) Asset Sales: If you know a subject well and can write about it consider developing your own eBook on the subject and selling it from your blog. Your readers already know you, like your style of writing, and are probably interested in the same things you are so will pay for the information you know about it. EBooks are easy to put together and sell online with, or without a publisher and you can often do the entire thing yourself saving you a great deal of money and earning you a good income from sales.

5) Paid Blogging Networks: This is a slightly different way to make a profit blogging for wealth. Instead of using your own blog or blogs you join a network that hosts a blog for you and pays you a portion of sales proceeds from links they place on your blog. All you do is post regularly and encourage readership and receive a tidy check on a regular basis for the effort. It is one of the simpler forms of blogging for money.

6)Donation Buttons: Don't want to advertise or sell banner space on your blog? Just ask for money. How simple is that? Set up a PayPal 'donations' button and get money sent to you by appreciative readers. It works, and it is just one of the many ways to start blogging for money.

7) Blog Flipping: This is one of the more unusual methods of blogging for wealth as it doesn't actually involve advertising anything at all. People who flip blogs are much like people who flip houses, they open a blog, build it up, make it pretty, and then when it is in a good position to make money, that means it is old enough to join companies that will pay the owners to blog, popular enough to sell banner ads, or link ads, they sell it to someone who wants a blog that is ready made to do the work.

So, the steps are laid out to you in plain english. Now you can start on tracking the path to become wealthy.


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Work at Home Business Income Program: the Shortcut to Financial Security

Do you have a work from home income program that you currently promote?

Are you doing any affiliate program?

Have you achieved any meaningful success in the work from home internet program which you’re doing?

Do you desire a financial security, freedom and success?

Read on, to discover how to succeed in any make money from home business program and create true wealth.

Most people are like the hound dog which lies on its back and howls all day because of pains and feels lazy to get up and do something about it.

They waste their time and lives in dead end jobs that they hate.

Some dabble in various work at home business income programs.

They seem to think that their lives are like a TV show which will have a happy ending.

So they stay in the same job for years, waste their lives and whine.

Like a hound dog.

Some of them will retire, but will walk around for the rest of their lives wounded and miserable because of the stress they accumulated from their jobs.

The others will get downsized, and end up in the skid row, where they will continue howling and whining for the rest of their lives, unable to figure out where their happy ending went.

You don’t have to be a hound dog because you can do something about your current financial situation.

Most people desire to earn money from home for various reasons.

Some people are tired of working hard at their jobs and desire to earn money from home in order to escape from the 9-5 job rat race.

Other people desire a work at home business income program so as to earn extra incomes to supplement the money they make at their jobs.

Other people desire work from home income opportunity because of the comfort and freedom of working from their homes and the power it gives them to control their financial destinies.

There are some people who have bought a work from home business program because they are retired and need something to keep them busy.

When the internet gold rush happened about 7 years ago, millions of average people all over the world rushed into different types of work from home business programs because they bought the internet hype of get rich fast.

Millions of companies were born overnight and they began to offer free affiliate programs.

Millions of people signed up with the mistaken notion that just by signing up and getting a free website to promote a work at home business program will make them rich over night.

This gave birth to various internet promotions and marketing.

One of the most annoying internet promotions was spa-mm-ing.

This in turn gave birth to anti-spam activism which has almost wiped out spamming.

After 1 or 2 years, most of these millions of people who rushed into work at home business income program had to admit failure because they were not making any money.

Their dreams of fast internet wealth were shattered.

As a way to console themselves, they started labeling every work from home business opportunity as a scam.

Most of these people will buy a work from home business program or e-book and after they download or receive it will claim that the work from home business program is a sc-am (even though they have not tried it yet and have no proof) and apply for a chargeback and a refund so as to eat their cake and have it also.

By so doing, they ripped off the sellers of these work from home business opportunities.

While some of the companies who promote work from home business opportunities may sometimes engage in deceptive advertising, it is not true that all work at home business income opportunities are scams.

Most work from home business income opportunities are valid and can make the buyer a lot of money.

The problem is that most people who buy work from home business opportunity are not capable of doing them because they are not business oriented.

Most of them don’t have a clue about marketing and internet promotion.

Most of them buy the programs or sign up in free affiliate programs and after they get the websites they don’t do any serious marketing.

A lot of these people don’t even know the difference between selling and marketing.

Some don’t even know how to write a simple business letter or e-mail.

They write an e-mail without beginning it with a salutation and at the end of the e-mail, they don’t include their names or phone numbers or physical addresses.

When they phone you and leave a message on your answering machine, they don’t even know that they have to state their names, the reason why they called and their own phone numbers and the best times you may call them back.

Most don’t even know how to create a folder or save or upload a file or install a software and yet they had signed up in 100 different affiliate programs and work from home business opportunities and had dreams of making a million bucks overnight!

Is it any surprise that these people fail miserably?

The least that any serious business person should know how to do should be how to write a business letter.

Most of the people who fail to earn money from home business internet program have no discipline and are disorganized.

They have the mistaken notion that working from home and doing a work at home business opportunity program means that they can wake up anytime they like and that they can choose whether to work or not and when to work or not.

They fail to realize that doing a work from home business program can be more demanding than doing a regular job.

Doing a work at home business program requires more discipline and competence than a regular job because you may have to do many different chores all by yourself because at the beginning, you probably will be working alone and may not be able to hire helpers.

This means that you may have to play many roles and do so many things all at the same time.

You may be forced to become a website designer, a copy editor, a sales person, a customer service person, a spokes person, an attorney, a book keeper, an accountant and a publisher all at the same time.

This is one of the biggest reasons why most people fail in work from home business opportunity because they are unable to play all these roles at the same time.

Another reason why most people fail in work from home business program is that they don’t spend enough money to promote it.

To attain success in any work from home business program may require that you spend thousands of dollars.

But most people spend $25 a month to place an ad and if they don’t make any sale, they conclude that the work from home business program doesn’t work and give up.

To succeed in any work at home business program may require that you do different types of marketing and internet promotions.

Your website must be optimized and competently submitted to both the major directories and the search engines on a regular basis.

You must have a link exchange program that is effective.

You may have to do pay per click campaign.

You may have to do both online and offline marketing.

You may have to do many press releases in order to get free publicity and generate free traffic to buy your work from home business program.

You may even have to do direct marketing to drive traffic to your websites.

This depends on what type of product or service that you promote.

You may have to go offline to find the targeted customers who need what you promote.

To succeed in doing this, you must know how to locate a targeted mailing list and how to test it.

You may have to do magazine and newspapers advertising too.

Above all, depending on the type of product or service that you’re promoting, it may take time for you to start seeing a return on your investment and to become profitable.

Unfortunately, most people that get into work from home business opportunity lack patience because they are looking for quick ways to make money.

For that reason, they don’t do enough marketing and internet promotion and don’t network and don’t spend enough money to generate traffic and so consequently they fail.

But when they fail, they are unable to admit that they are at fault.

Instead they blame the work from home business opportunity and the company who sold it to them and label all work from home business opportunities as sc-ams.

May these insights about work from home business internet income business programs open your eyes to the possibility of infinite wealth and success which can be yours.



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How to Get Wealthy and Achieve Financial Freedom

If you think that you can not get wealthy during your lifetime, then you have some serious thinking to do. That is because it is highly possible to grow your personal riches, become wealthy and achieve financial freedom. All you have to do is to understand how money can work for you and look for ways to grow the resources available to you now. So here are some practical ideas that you may find useful so you can become rich, wealthy and financially successful.

The first thing that you have to do in order to get wealthy is to understand the dynamics and the real meaning of money. For most people, money is a material thing that you can earn easily and spend easily. This mind set will not help you to grow your riches. You will just end up working as a typical employee all your life struggling to overcome perennial financial difficulties. You have to understand that money is not just a simple thing that you can spend. It is a tool that can work for you. You have to treat money as your employee that can bring you great riches. So the more you save money, you are also building up your own army of employees that will work for you unquestionably. Every dollar you save is one additional employee for you. This should be your mindset so you can truly appreciate the value of money.

Investing is also a key to get wealthy. However, you need to understand that before you can invest big, it is important that you start small. You should not discount the power of starting a small investment in order to grow your riches. Remember, everything in this world started from number one. And every massive army that conquered many territories started from one soldier. This is also true when you start investing. Do not overwhelm yourself with big ventures that you do not have the capacity to sustain. You must start with a venture that you can easily manage and afford. From these small beginnings, you can now work hard to grow your business one steps at a time. If you do this systematically, then it is just a matter of time to see the fruits of your success.

Lastly, you need to maintain strict financial discipline at all times. Even if you are starting to see great profit from your business, it is not a license for you to spend like there is no tomorrow. You still need to save so you can accumulate more capital to expand your investment. You must reinvest your money and forego lavish personal spending. If you have a debt, then you need to use your profits to wipe out all your financial obligations. Once you develop strong financial discipline and continue to practice wise financial management, then it would be easier for you to grow your riches and get wealthy in no time. These are the essential ingredients to grow your money, get rich, and attain financial freedom for the rest of your life.


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You can be Wealthy - Self Control

Self-control is what you need to cut your expenses to just one-tenth of your earnings while at the same time go into a venture which makes your money work for you and multiply itself on a continuous basis.

However, you must be careful to invest in a secure business that will not disappoint your objective. Be smart. plan on what investments or businesses you are going into. Do your homework. Investigate and ask questions.

Self-confidence is what a loaded credit card should do for you first and foremost, just like putting money in your purse. However, do not treat such money like a loss money, money you are simply holding to give away for one reason or the other. Because sooner or later you must give all or some of the money out, it is very important that you have a source of reoccurring income, not only for reloading your credit card, but to act as a money bearing tree - as source of wealth unlike wages.

You may be struggling at first on how to grow your money or how do you plant a money tree so you can achieve your financial freedom you always dreamed of. Think, open your mind, imagine and you will find the answer.

Okay, think of what is it that the banks do to have so much money. I will tell you. Banks take deposits for safe keeping and collect interest on them for their services. Now, can that alone make banks as rich as they are? No. The real source of bank profits are not mainly from the little interests they accumulate but from the multiplier effect generated when the interests accruing to the banks are lent out to borrowers who in turn pay interests to the banks for loans. The profits from this source is uninterrupted for every bank, because lending money to customers is an on going business for banks.

As a bank deducts interests from its customers it gives same out to other eager customers and the stream of interest for the bank becomes a powerful current, not only increasing the bank's capital base but always increasing the bank's earning power. Credit card companies also get wealthy collecting little interests which they in turn invest wisely for the same multiplier effect discussed above.

Imagine also how much you will be worth now if at birth your parents had signed up with a foremost multi level marketing company where you now have a huge network of down lines on whom you earn bonus for the purchases they have ever made and still make.

Money for use is not wealth. Wealth is the aggregate source of income that continually flows into your account such that your expenses never catches up with it and depletes it. This is the kind of income everyone should aim for, an income that does not stop because you are ill, on holidays or engaged in other activities of life - Affilliate marketing is one such business, because one calculated action can bring recurring in come for a long time.

Think about an investment that will without fail generate a sustained and considerable turnover and income stream like interest do for credit card companies and banks. Little steady income from a particular investment will soon grow into a huge reservoir of cash…and if you are able to create multiple income streams then your status as a wealthy person will be eventually realized sooner than later.

I have surely in my years spent considerable amount of money. Now consider how rich I would be today if I had applied the principle I propound here by just investing one-tenth of all the millions I have so far spent, in a business or businesses that continuously bring back to me, no mater how little, return on my investments.

The incremental effect on money wisely invested is so dramatic even when the income comes in trickles. So also is the effect of regular commission checks from affiliate programs.

Remember to invest wisely though, not all investments bring about gain. Men have invested huge sums of money that got lost in business. Invest your penny wisely and it will soon bear pounds. In the case of affiliate marketing, be careful, all that glitter are not gold.

Paid employment yield predetermined short term income, but since you were appointed the tendency is that you will one day be disappointed for one reason or the other. Think about it and make an investment that will continuously funnel income your way. Have you heard that a stitch in time saves the shirt? It sure does.


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How to Become Wealthy - The Secrets to Become Wealthy

How Can I become wealthy? This is holed up in everyone's mind. Many people daydream, fantasize and even plan their action on how to obtain wealth. What do the wealthy know, and how can you use that to help you to become wealthy? The fact is majority of people did not create their wealth by winning the lotto, kidnap someone or stumbling across a long lost relative that left them a fortune. Those that created their wealth, created it by having the right mindset, attitude and finding the right opportunity to create that life style.

You want to become wealthy; it all starts with evaluating your values, and up bringing. Our parents taught us from a young age to believe you go to school, get a degree and find a job. What is wrong with this philosophy, it is the rule of thumb we all use, but ever wonder why a small population is wealthy. Education is critical in all markets of life, but most will not teach you how to create a rich life style. They will not give you the critical elements and teach you how to build a business to create your own wealth. You don't hear of a Wealth Building Class, on the high school class list, your core values start as young as pre-school. You can see the challenge with many to start thinking and creating that millionaire mindset.

Become Wealthy - Your Action Game Plan

You have to work on your core values. The rich did not become rich without stepping out of the ordinary. They stepped out of their comfort zone, eradicated the nine to five rule. Majority of the high income brackets are not working for someone else rather they are creating their own businesses, their own products and services to prosper in order to get wealthy.

Your Action Guide To creating wealth:

1.) Wealth Building Mindset Change - It all starts with you, and your thought process may have to change a little. This is not often an easy task; as for many they have the work ethic of a nine to five job. What the rich know is that majority of the time that job is not going to make you rich. Start saying today, that I want to stop working for someone else and want to make a change to improving mine. Understand as of this moment the only one in charge of your financial situation is you.

2.) Where Do The Wealthy Start From - Some were born with a silver spoon in their mouth, but lets face the fact that the silver spoon is not for everybody. Think of some of the most wealthy men, for example Donald Trump, trumps the list. What does he do, how did he create his millions? If you examine the trends you will notice the majority of the wealthy, are entrepreneurs.

3.) Where You Are And Where You Want To Be - Okay nine chances out of ten what you are doing now is not working. Where are you now, is their open possibilities in your position that you are not exploring. What do you have to change in order to become wealthy? Now most are going to fire their job, until they are showing real profits and change. But maybe it is time to look in different directions.

4.) Internet Wealth - Becoming an entrepreneur and starting a successful business was more difficult years ago. In modern times there are more platforms and avenues to create your wealth. The worldwide web, and Internet Business start-ups are changing people's financial services. Compared to starting a bricks and motor business, there are lower start up with higher returns. For thousands each the Internet Business, or home based business industry is giving many a road map to success, without large overhead, and large set up fees.

5.) Online Mentoring and Coaching - Anybody who is wealthy did not achieve those results without finding a mentor and training platform. This is not the type of training you can get in school, rather life methods and business building methods needed to create wealthy. In order to obtain your wealth, you need to align yourself with successful people. Seeking out a mentoring or coaching team to teach you how to build a successful business, and how to get that business to start creating your wealth is critical.

6.) Take Action - The wealthy did not just sit on there hands and wait for the day there life changed. They started to take action steps to become wealthy. Start researching different avenues. Start researching Internet Business, look for a mentoring team that can teach you how to build a successful business.

If you want to become wealthy it has got to start with you. The formula to changing your lifestyle goes beyond wishing and wanting for a better life, it goes toward changing your thought process, and then aligning yourself with successful people and getting the right training towards reaching your goals. The first step to getting wealthy is to step out of your comfort zone, and reach for those goals. Are you meant to become wealthy, I do not know and neither will you unless you start changing your mindset and breaking out of your safety bubble to seek your own wealth.


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