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Have you ever had a dream of owning a franchise but find yourself hesitant because of the initial investment? You’re not alone. Many people worry about franchise ownership because of the amount of money it takes to get started. But, many people don’t realize that there are plenty of low-cost franchise investment options available. Here are just some of the industries you should consider if you’re looking to reduce the entry fees.
Food Service
Another industry that’s long been known for requiring large up-front investments is the food service industry. However, with new technology and new business models, people who are passionate about grub can open a business in this industry without forking over a lot of cash from the onset. Companies, such as Time To Eat Deliveries and Coffee Business offer an alternative route to franchise ownership.
Business to Business
Looking for a way to put your business savvy skills to work? A business-to-business franchise, such as BeaconEdge, My Business Venture, or SocialOwl can help you put your skillset to work for others. These franchises don’t require a lot of capital and the minimum cash required is less than $20,000.
Children and Family
If you’ve always loved working with younger generations, but want more control over your schedule and income levels than you’d get as a teacher, opening a franchise directed toward children is a great solution. Snapology, Kinderdance International, and Lil’ Angels Photography are just three of the lower cost options available to you in the children and family oriented industry.
Medical
Surprisingly, you don’t need to go deep into debt at medical school to enter the medical industry. There are plenty of franchises that allow you to get started in this demanding field without paying a high price tag. Mobility Plus and VascuWave Home ED Medical Device let you deploy a team to deliver medical devices to people who need them in their own home. Or, you can enter both the children and family industry, as well as the medical industry, by opening your own Little Medical School.
Cleaning and Home Improvement
There’s something about the comfort of home. If you want to help your clients and customers feel more comfortable in their home without spending a fortune on franchise fees, a cleaning or home improvement might be the best option for you. There are many options and facets to choose from too. For example, Garage Dreams offers a garage floor coating business. HomeStory lets you work on home improvement projects. FireMaster helps create safer homes. And, ANB Clean lets you keep these homes looking their best.
High potential doesn’t have to mean high price. These low-cost franchise options are open to you in a variety of industries, and each comes packed with possibility. Which path will you pursue?
Susan Guillory is the President of Egg Marketing & Communications, a marketing firm specializing in content writing and social media management. She’s written three business books, including How to Get More Customers With Press Releases, and frequently blogs about small business and marketing on sites including Forbes, AllBusiness, The Marketing Eggspert Blog, and Tweak Your Biz. Follow her on Twitter @eggmarketing.