Work-from-home scams are a dime a dozen on the Internet these days, yet people are still falling for them because their desire to earn their living while working from home is so strong.
Luckily, home-based franchises fill that void legitimately for thousands of people every year, and are currently one of the fastest growing segments in the franchise industry. In fact, the popularity of home-based franchises has never been stronger – so no surprise that there are more than 100 home-based franchises from which to choose.
The poor economy and great technology spurred a surge in home-based franchising in the last few years. Since investment capital for startups was scarce, the lack of a large upfront cost is one of the most attractive factors about investing in a home-based franchise.
While cleaning services were early entrants into home-based franchising, there are many other options, including fitness, pet services, travel agencies, sports leagues, photography, dry cleaning delivery, tutoring, children’s activities, custom closets, blinds, shelving, window cleaning, moving, painting, business services, lawn care and many more.
Most home-based franchises require a total investment of under $100,000, which includes the upfront franchise fee, equipment, inventory and working capital. Some opportunities cost less than $10,000.
Some of these low-cost options may be offered by new home-based franchises, but be careful before you invest and make sure you are comfortable with the risk of being a pioneer. Most franchisees pay for brand recognition and a track record of success; an experienced franchise broker can guide you through the decision-making process at no cost to you.
To learn more about all the different types of franchise opportunities, attend our free August 23 webinar, Franchise Ownership as a More Stable Career Path. The webinar is free, but you need to pre-register, which you can do online by clicking on the linked seminar title.
You may also register by calling 866-246-2884.