What are some good franchising marketing strategies?
- May 9, 2020
- Posted by: admin
- Category: Business plans, Franchising
In order to have a successful franchise business, a franchisee must follow certain basic marketing strategies to promote their franchisee at the local level and to expand your business at the national and international level
“Best Marketing Strategies Lead to Good Franchise Business”
Taking up a franchisee is a profitable way of venturing into the business arena. A franchisee besides getting the freedom to own and run his store also gets to avail the support system rendered by the franchisor.
Very often, the debutant franchisees depend only on the marketing strategy employed by the franchisor at his level. This marketing policy carried out by the franchisor is done for the whole company and not for any particular outlet. Thus, marketing the outlet at a local level is often ignored by the franchisee and thus it should be considered one..
In this fierce competition, where unique franchise concepts are available a franchisee merely standing behind the counter and serving the customers is not going to fetch handsome returns. Irrespective of the marketing assistance provided by the franchisor, franchisee must start promoting his outlet at the local level also. Like visiting other successful businesses, participating in an event, or organising a promotional affair in order to gain a competitive edge. Even big and popular companies can benefit from marketing at a local level.
“Top 3 Marketing strategies at the local level to grow your small business into a large business”
One of the marketing strategies of the franchisee is to identify his target consumers. Firstly, it is a must to understand whether the service or product you are providing will be appealing to the children, teenagers, working professionals, women, or men etc. After you have identified them, consider what marketing messages will resonate and attract them to your outlet.
2.Media-still the right choice
Franchisees need to evaluate all the communication channels. Evaluation should be done in terms of their effectiveness for the target market. If the target consumers are youngsters it would be better to advertise on television or on website rather than in newspapers. But remember not to put all your money on a single medium. Multi-channel marketing performs better in the long run. Distributing pamphlets can also help.
3.Offering discounts and free gifts:
Franchisees at the local level can initiate discounts, coupons and free gifts to their patrons to make their store popular. This can only be done with the franchisor’s permission. So always refer to him in case you want to employ such strategies.
And this marketing strategies can be more useful for
● FINANCIAL SERVICE FRANCHISE
● JOB CONSULTANCY FRANCHISE
● RETAIL FRANCHISE
● TAX CONSULTANCY FRANCHISE
● HR CONSULTANCY FRANCHISE
● EDUCATION CONSULTANCY FRANCHISE
Therefore all franchisees need to go through this article to get maximum insight on marketing techniques. Relying only on the parent company to promote your franchise store is not the only way to popularise your outlet. So start marketing your own franchisees at the local level to gain profitable margins.