If you’re interested in the business of franchise development, you may want to consider becoming a business broker and buying into a business consultant franchise, such as our Transworld business advisors franchise. As you begin researching ways that you can get into the business consulting and franchise development game, one of your top concerns is probably going to be how much you can make.
Making money running any type of franchise is going to depend heavily on the existing and future demand for the services or products your franchise offers. As a business broker, you’ll be working as an intermediary between business owners and buyers. Small and mid-sized business owners that want to sell or expand into a franchise typically have no idea where to start and will need all the help that they can get.
As a business broker with a huge amount of resources at your fingertips (courtesy of Transworld’s own network and resources), you’ll be offering an essential service. Franchise development is also a lucrative industry to be in. In fact, it’s currently a $4 trillion industry—and it’s only continuing to grow.
Making Money as a Business Broker
The amount of money you can make as a business broker is highly dependent on a number of different factors. The first thing you should keep in mind is that money is made from consulting fees and commissions. This means that in order to make money, you’ll not only need clients, but you’ll need to help your clients actually achieve their goals—whether it’s buying a business, selling a business, or franchising their business. The more capable you are of doing this, the more likely you are to make more money.
That said, you should also keep in mind the amount of work you will put into your business consulting and franchise development business. You can work from home and make your own hours as a business broker. This can be a bit dangerous for individuals that aren’t driven, since it can be a lot easier to work less when you work from home than when you work at an office. If you don’t work as much, you aren’t going to make as much money—it’s as simple as that. This doesn’t mean you have to work 90-hour weeks to turn a profit, but business brokers who put in more work do tend to make more money.
Making Money With a Transworld Franchise
Transworld Business Advisors has a unique business model that allows investors to maximize their profits in a number of ways. This can translate to a number of different revenue streams and includes franchise consulting, business brokerage, and franchise development. While you’ll be making commissions on business sales, you’ll be given a flat fee by Transworld for every franchise concept you develop. This fee is $15,000. As you can imagine, there’s a lot of opportunity there to make a substantial amount of money.
Although it is entirely possible to make a lot of money as a business consultant, you might be wondering about the actual costs of investing and running a Transworld franchise. Well, the initial costs are much lower than typical franchises. The franchise fee is only $49,500 and there’s no equipment, store, or staff to invest in. This means that you can begin turning a profit relatively quickly.
For more information on how you can make money as a business consultant in the franchise development industry, be sure to contact us at Transworld Business Advisors today.