{"id":9284,"date":"2017-06-13T10:19:44","date_gmt":"2017-06-13T14:19:44","guid":{"rendered":"https:\/\/www2.franchisegator.com\/articles\/?p=9284"},"modified":"2022-03-03T15:02:50","modified_gmt":"2022-03-03T20:02:50","slug":"franchise-qa-with-karl-schmidt-president-founder-of-retain-12652","status":"publish","type":"post","link":"https:\/\/www.franchisegator.com\/articles\/franchise-qa-with-karl-schmidt-president-founder-of-retain-12652\/","title":{"rendered":"Franchise Q&A with Karl Schmidt, President & Founder of RETAIN"},"content":{"rendered":"

How was your franchise\/opportunity originally conceived and started? <\/strong><\/p>\n

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.<\/p>\n

What was your original vision for your company? How has that changed overtime? <\/strong><\/p>\n

To see our service used in both industries we serve. The vision to see this happened: has grown stronger.<\/p>\n

What do you believe is the single most important factor when choosing a franchise? <\/strong><\/p>\n

Passion and belief in the product or service.<\/p>\n

Why should someone choose your franchise over other similar franchises? <\/strong><\/p>\n

We are unique with very little if any competition.<\/p>\n

What makes your industry attractive? <\/strong><\/p>\n

Retention is important to the industry and they need our help.<\/p>\n

What types of qualities do you look for in potential franchisees? <\/strong><\/p>\n

Passion, go-getter, sales skills, industry experience and contacts.<\/p>\n

What do your franchise fees and royalties cover? <\/strong><\/p>\n

Ongoing training and support invoicing and receivables, product production, Customer support, custom supplies and samples and much more.<\/p>\n

How do territories work for your franchisees? <\/strong><\/p>\n

We are offering a limited number of large protected territories in the USA.<\/p>\n

Why has your franchise model been successful? <\/strong><\/p>\n

Great product that fills a need.<\/p>\n

Where do you see your franchise in 5 years and 10 years? <\/strong><\/p>\n

25- 50 franchisees.<\/p>\n

What is your favorite advice for new franchisees to help them succeed? <\/strong><\/p>\n

Have passion, persistence and belief and never give up.<\/p>\n

What would you tell potential franchisees that may be nervous about the financial burdens of starting a franchise? <\/strong><\/p>\n

Starting any business is a risk. There is proof of concept so if you can sell to our industry you will add customers.<\/p>\n

On average, how long does it take to start a new franchise from the franchisees point of view? <\/strong><\/p>\n

2 weeks.<\/p>\n

What was your background and experience before founding this franchise? <\/strong><\/p>\n

Selling advertising to car dealers.<\/p>\n

Do you have any franchisee testimonials or success stories that you would like to share? <\/strong><\/p>\n

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.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 … Franchise Q&A with Karl Schmidt, President & Founder of RETAIN<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-9284","post","type-post","status-publish","format-standard","hentry","category-interviews"],"yoast_head":"\nFranchise Q&A with Karl Schmidt, President & Founder of RETAIN - Franchising Blog<\/title>\n<meta name=\"description\" content=\"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. 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