Jumpstart your Franchise Business with Our Proven to Convert Franchise Marketing Services in King
Running a successful franchise in multiple locations and optimizing each one for maximum engagement and recognition in their local markets is definitely one of the most difficult tasks for a business leaders. Yes, you should trust your franchisees to do a stellar job and manage their branches in an efficient and effective way, but only if you have done your part of the job beforehand.
So, what is your job? As a franchisor, your job is to create a strong overarching marketing strategy that will help every branch maximize its marketing potential while ensuring brand consistency every step of the way. To that end, here are the most effective ways you can create a winning franchise marketing strategy.
Understanding Franchise Marketing
When making your decision as to which franchise will work best for you, it is vital that you explore the trends impacting the investments you are considering. Shifts in consumerism both nationally and regionally can have a heavy impact on the market in general and on your franchisor specifically. No matter how solid you feel your plan for you business may be, if your intended product is falling out of public favor you have little chance of success. If you don't have a clear concept of what trends will impact your business, then you may want to begin your research there.
Once you have developed an overall perspective of the market aspects that most impact your franchise, take a look at the big picture. Investigate how your business, and those similar, have fared in the recent political and economic climate (and in the past). Review back issues of national business journals for articles related to both your specific franchisor and your potential competitors to develop a clear perspective of how the market has fluctuated and why. Dig deep. Consult statistics from census data and the Bureau of Labor Statistics and try to determine which demographic groups have most impacted the market for your product.
Brining it Home
Now that you have at least a general concept of what factors have made the greatest difference in your market, it is time to examine what factors are impacting the local market in your area. It is necessary to determine how those factors that have played a role nationally are represented in the area you intend to do business. If at all possible enlist the aid of a private research firm. This will ensure that the data you base your decision on is factual and up to date. Your franchisor may also be able to assist you in your search, as can your network of franchising peers.
Compare the Competition
Once you have a firm concept of the market and how it will most likely impact your new business, it is time to see if your franchisor has what it takes to overcome the competition in your area. Even if you are the only franchise representing your brand in the area, chances are good that you've got competing brands offering similar products or services in your intended sphere of influence. Compare your franchising organizations growth with that of these competitors and try to gauge whether or not your franchisor's growth plans are sufficient to give you an edge against competitors who already have established presences in your area.
Taking the time to research the viability of your intended franchise in the area you wish to do business is a critical step in the development of your business. Overestimating the marketability of your product of the growth potential of your franchise in your specific location could have disastrous consequences. An ill-informed decision could prevent you from seeing the returns you anticipate on your investment and severely cripple your business goals. It pays to take the time to make a smart and fact-based decision that will allow you to make the wisest financial decision in selecting a winning franchise.
Inflatables Give Extra Lift to Franchise Marketing Efforts
Franchise Marketing Plan
If you are an internal or external small business consultant for a franchise organization, you are constantly looking for ways to help your clients improve their marketing efforts in order to increase revenues.
The value of marketing efforts for franchises should be measured by both their cost-effectiveness and their results in terms of increased sales for the organization. Improved cost-effectiveness can be achieved by implementing better marketing systems. Such systems need to be designed to minimize the time required by the corporate office to oversee the management of local franchisee marketing campaigns, while at the same time they need to contribute towards an increase in the corporate office's visibility into the campaigns and towards increased brand consistency across the organization.
Here are 5 tips for small business consulting franchise marketing made easy:
Tip #1: Unify your brand image across all franchise locations by using consistent collateral: Fast-growing franchise organizations often find themselves quickly outgoing their own marketing systems that worked so well during the early stages of growth. The modus operandi for marketing within a franchise organization must necessarily change when the organization goes from 10 locations to 50 or more, but unfortunately many organizations fail to keep pace with their own growth. One of the riskiest consequences of this type of rapid growth is the loss of control over the organization's brand image due to individual franchisees taking on the task of managing their own campaigns using inconsistent marketing collateral. Therefore, it is important to advise your client to find ways to unify the company's brand image across the entire organization.
Tip #2: Put the power of ordering direct mail and promotional goods directly into the hands of franchisees: By letting individual franchisees control their own, independent direct mail campaigns, you give them the power to mail to whom they want, when they want. However, at the same time by doing so you may be giving up the economies of scale associated with centralizing your direct mail and promotional goods sourcing. The best bet for your client's growing business, then, is for them to continue to empower their franchisees to remain in control of their own direct campaigns, but at the same time you need to help your client find to streamline the fulfillment of direct mail through a single source.
Tip #3: Contract directly with vendors at the corporate level in order to leverage volume buying opportunities: By advising your client to contract directly with vendors who will fulfill promotional goods and print-related orders, you are helping your client to lower operational costs by giving them the ability to leverage volume buying opportunities.
Tip #4: Centralize mailing list generation for maximum quality control: Many individual franchisees have very specific ideas about how and to whom they want to mail coupons and other offers. And, by all rights, they should retain control of this process. At the same time, franchisees tend to have varying degrees of aptitude for list management. And, often mailing list data that is locally sourced is of poor quality, full of errors and outdated. By centralizing the generation of mailing lists but at the same time allowing franchisees to choose their list quantities and demographic selects, your client's organization will enjoy better ease of list generation and higher response rates.
Tip #5: Automate the entire ordering process to minimize the delays and errors associated with human interaction: Finally, your client will also benefit from setting up an Internet-mediated, automated system that enables franchisees to execute customized direct mail and promotional goods campaigns the features only corporate-approved collateral. Such a centralized system gives your client's corporate office full control and visibility into the ordering habits of individual franchisees, but it also safely leaves the decision-making authority about the specifics of each local campaign in the hands of franchisees.
When conducting small business consulting for franchise organizations in the area of marketing, it is important to advise your clients on how to improve the efficiency and cost-effectiveness of organization-wide marketing. At the same time, your recommendations should find ways to empower franchisees at the local level to run their marketing campaigns on their own terms.
Is Your Franchise Marketing System Turning Profits Or Running You Out of Business?
Businesses are realizing that they require a marketing agency that takes a holistic approach to their online web presence and digital marketing strategy.
Contact us today to learn more about Marketing your Franchise Business.
Franchise Web Design Deals King