Franchise Q&A with Karl Schmidt, President & Founder of RETAIN

By Staff Writer

Posted : June 13, 2017

Category : Interviews

Franchise Q&A with Karl Schmidt, President & Founder of RETAIN

How was your franchise/opportunity originally conceived and started? 

Seeing a need for businesses to do more than just spend money to get customers but rather do more in a personalized way to Retain. Customer Loyalty with personalized follow up.

What was your original vision for your company? How has that changed overtime? 

To see our service used in both industries we serve. The vision to see this happened: has grown stronger.

What do you believe is the single most important factor when choosing a franchise? 

Passion and belief in the product or service.

Why should someone choose your franchise over other similar franchises? 

We are unique with very little if any competition.

What makes your industry attractive? 

Retention is important to the industry and they need our help.

What types of qualities do you look for in potential franchisees? 

Passion, go-getter, sales skills, industry experience and contacts.

What do your franchise fees and royalties cover? 

Ongoing training and support invoicing and receivables, product production, Customer support, custom supplies and samples and much more.

How do territories work for your franchisees? 

We are offering a limited number of large protected territories in the USA.

Why has your franchise model been successful? 

Great product that fills a need.

Where do you see your franchise in 5 years and 10 years? 

25- 50 franchisees.

What is your favorite advice for new franchisees to help them succeed? 

Have passion, persistence and belief and never give up.

What would you tell potential franchisees that may be nervous about the financial burdens of starting a franchise? 

Starting any business is a risk. There is proof of concept so if you can sell to our industry you will add customers.

On average, how long does it take to start a new franchise from the franchisees point of view? 

2 weeks.

What was your background and experience before founding this franchise? 

Selling advertising to car dealers.

Do you have any franchisee testimonials or success stories that you would like to share? 

Yes. One of our franchisees started less than a year ago and they frequently get a weekly gross profit check with a comma in it.

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