Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!
Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!
Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!

Banish The Fear of Selling... Forever

We know that potential franchisees are attracted to entrepreneurship because they like what the business concept represents. A potential franchisee buys into a pet concept because of their affection for animals, or a wellness concept because they're committed to health. We like that our franchisees are passionate about our concepts. But we want them to be able to sell these concepts, too! And that's a whole lot tougher.

Most prospects come with a firm belief in the product or service…but a limited strength in sales and marketing. Yet sales and marketing skills are the very skills they need to sell themselves and their services…the skills they need to keep the business alive! If your potential franchisees and existing franchisees are like most…they are lacking the "selling gene".

Here are 2 steps guaranteed to give your franchisees the courage they need to begin getting comfortable with selling…immediately.

Step 1: Be sure your franchisees know exactly who they're selling to, what it is they're selling, and what problems they solve for their target markets

The elder-care services sector presents a booming example. It's obvious that franchisees in this sector are selling affordable and quality health and housing services to senior citizens. In reality, they are also selling viable and comforting solutions to the baby-boomer children of these seniors. So, in the bigger sense, franchisees in this sector are really selling emotionally- laden promises to boomers and their aging parents. These are two very diverse target markets. And each of these markets has its own set of problems.

They each have the typical problems that we all have…problems with time, money, and relationships. But on top of that, these groups are dealing with the more immediate problem of finding suitable living and/or medical arrangements, and the even bigger problem of dealing with death and dying. It doesn't get much tougher than this! Wouldn't it be smart if these franchisees could articulate exactly what problems they solve and why they do it better than the rest? So that when they are contacted by a prospect, or attend a networking event, they will be able to quickly and effectively say what they do.

Take the Coaching Challenge

Help your franchisees to clearly identify their target markets. Have them make a list of every single problem they are solving for their target markets, from the obvious to the less obvious. Then have them write the answer to these 2 questions: What does their business do? How does it do it better than the rest?

Step 2: Help your franchisees to re-define the word "selling" so that it is comfortable for them and for their customers.

As mentioned, many franchisees do not come to the table with sales and marketing skills. Some of your franchisees will be born extroverts, but just as many will be introverts or somewhere-in-between. It's scary enough being the new owner of a business without having to approach prospective customers and sell them on the business too. It is a fact that many franchisees are uncomfortable with the notion of selling their concept to others. Especially when the business is their own, because then rejection feels more personal.

Wouldn't it be great if franchisees could understand that selling is nothing more than the creation of a new relationship? And that this is something they already know how to do. Franchisees can be armed with positive solutions to the selling dilemma. Help them to locate resources such as books, seminars, and audio programs dedicated to relationship selling. And watch their confidence grow!

Take the Coaching Challenge

Have your franchisees look up the definition of the word "selling". Notice that there is nothing nasty in that definition at all. Now have them list every quality and characteristic that contributes to a positive sales experience. Help them to take on the challenge of creating a sales process that is comfortable for both them and for their customers.

About the Author:

Flo Schell, EdM, is a Certified Sales Coach and Founder of Franchise Coaching Systems, a firm dedicated to co-creating strong bottom lines with franchise companies worldwide. Flo is former VP Franchise Development, Sylvan Learning Systems, Inc. Flo can be reached at www.FloSchell.com.

Before Buying a Franchise Identify Your TRUE Investment

Your approach as a potential franchise buyer is to identify the real investment dollars you’ll need to get the franchise to profitability. The initial source of this information is Item 7 in the FDD. Item 7 is a schedule that details the estimated investment in the franchise. This schedule includes the cost of various items, including: the initial franchise fee, training related expenses, rent, insurance, professional fees for legal and accounting services, supplies, equipment, licenses and permits and additional working capital. Depending upon the specific franchise, there may be added categories. When reviewing the Item 7 schedule it’s important to know that franchisors are not required to list every type of fee or expense that might be part of the investment in the franchise but rather the likely investment needed to start the franchise. As you work to establish your investment number keep in mind the words “estimated” and “typical.” Item 7 is a guide, and as such, you should use this information accordingly.

18 Perfect Businesses for The Modern Day Man

The Krystal Klear Water franchise specializes in providing clean, mineral-rich drinking water to their customers through specialized water filtration systems. Franchisees provide water contamination testing, preventive maintenance, and in-home, naturally purified water. The health and fitness nut will love this franchise because Krystal Klear's water systems have less pollutants than the competition. The systems are also low maintenance and do not add salt to the water like other water softening systems. This residential water filtration supplier targets an annual market size of approximately $2.6 billion, with sales growth projected to grow at rates of 6-8% per year. Sounds like the same amount some gym rats spend at GNC each month.

1-800-JUNK-USA Acquires College Hunks Hauling Junk Franchise

Looks like the College Hunks are graduating to the Penthouse.