For franchise owners it is important to continuously be growing your business. By expanding your business, you are coming into contact with more patrons and potential franchisees. Unfortunately, in economic recessions this task can prove to be more difficult. This is the reason you should always be watching for new franchise marketing techniques to pique the interest of new franchisees and increase your franchise sales. Eye catching franchise marketing can prove to be an important part of your business model. Below are five techniques to help grow your business.
Although it may seem simple, you can use your own stores to broadcast your business. Franchise owners are able to use the popularity of their stores and the frequent visits from customers to promote new franchise locations. Each new store has the opportunity to further promote future franchisees, while bringing your products into the lives of new patrons.
Typically, when people think of networking, many think of finding a job. But in franchise marketing it is the opposite, you are seeking individuals who you can offer jobs to. By networking, you will be able to connect with new franchisees, while promoting your business and helping to create a larger employment pool. There are many different types of networking, ranging from email, to in person, to online on LinkedIn and other social networking sites. Knowing the right people can cause an increase in your franchise sales.
The media provides another option to increase your franchise sales. Although different strategies apply, you can use both the local and national media to expand your business. The local media is an important tool for lead generation and allows you to target geographic areas where you would like to grow. National exposure provides the largest scope and can attract large amounts of attention.
One of the largest and most powerful franchise marketing tools is the Internet. Franchises are able to utilize online marketing tactics both through advertisements, social media and email campaigns. Companies can utilize both paid and organic marketing to connect with users.
Tradeshows are another way to meet prospective franchisees. The event will provide an insight for potential franchise owners, while promoting brand awareness and product visibility. Tradeshows also provide an opportunity to promote new and current products and drive sales.
For a franchise business to be successful, it is important to continuously work to find new leads and increase franchise sales. Franchise marketing is a proven way to generate new leads and expand your business. For more information, contact Upside Group Franchise Consulting today!