Social5 Development Group - Franchise Q & A
Qa With Social5 Development Group President Chris Kenney
How was your franchise/opportunity originally conceived and started?
Social5 has been around for 4 years now. To capture the market it was felt that a business opportunity model was the best way to get more people selling quicker throughout the country.
What was your original vision for your company? How has that changed over time?
Sell licenses and provide training and support for the licensees. The amount of training, support, and other resources that are needed.
What do you believe is the single most important factor when choosing a franchise?
Fit.
Why should someone choose your franchise over other similar franchises?
Earning a monthly residual income selling social media and digital marketing services to small and medium sized businesses.
What makes your industry attractive?
Social media is starting to inundate all aspects of our lives both personal and business.
What types of qualities do you look for in potential franchisees?
People with sales and marketing background that are willing to prospect and close deals. Also, companies with an existing product/customer based looking to add a new suite of products.
What do your franchise fees and royalties cover?
Initial set-up and training; as well as; on going training and support.
How do territories work for your franchisees?
There are no territories.
Why has your franchise model been successful?
Flexible, quick start up, growing market
Where do you see your franchise in 5 years and 10 years?
Covering the globe.
What is your favorite advice for new franchisees to help them succeed?
Get out and work and take advantage of the resources we provide you.
What would you tell potential franchisees that may be nervous about the financial burdens of starting a franchise?
Budget for time to start and ramp up your new business.
On average, how long does it take to start a new franchise from the franchisees point of view?
We are almost immediate.
What was your background and experience before founding this franchise?
20+ year managing in high-tech companies.