Why now is a great time for computer franchises
While the news is full of doom and gloom, it is not all bad news. Reports from across the media have shown the success that many new businesses have had during challenging times. There are lots of opportunities for you to buy a franchise and turn it into a successful venture.
With so many options available, it might be hard to know what to invest in. However, if you’re looking to buy into one of the computer franchises, then you can certainly find good value. Here are some of the top reasons why these franchises are a great option.
1. You can work from home (for some)
Space to rent isn’t going to be hard to find. Some businesses have shut down and the latest reports from the ONS state that there has been a decline in the number of self-employed and small businesses. But just because there are spaces available, this doesn’t mean that you have to rent an office to run a computer franchise, as many of them can be home-based. You need to consider whether or not leasing an office is going to be profitable for your business, as in many cases, it is not.
For instance, you could work in the web security sector where you’re working at your client’ offices. This allows you to reduce costs and offer you a better profit margin. You’ll also make more money to invest in marketing/sales to help you grow quicker.
2. Technology is very much in demand
There has always been a significant demand for technology services but there have always been enough people to meet that demand. The latest events have changed this. Now demand has increased further with more people relying on technology to help them work from home, do school work or keep in contact with friends and family.
You can make a career out of just one aspect and the demand is only going to get higher as more people are forced to isolate, businesses realise the benefits of home working and more schools close/partially close. Therefore, you could find yourself in a position where there isn’t enough time in the day to service everyone.
This means that you may want to consider hiring more staff to help you, work longer hours or just pick and choose your contracts. Whatever option you choose, you’ll be in a good place to ensure the success of your new business venture.
3. Computer franchises require skills that are hard to come by
When it comes to demand for technology, it is not a stretch to say that the best have skills that are hard to come by. Not everyone can build a website, repair a computer or set up a communications hub. Therefore, you aren’t going to have a significant amount of competition in your area.
There are also advantages of you setting up a new computer-based business under the umbrella of a franchise, one being branding. With a franchise, you get all the credibility of the franchise’s brand and you also get their support. Therefore, establishing your business can be quicker and easier than going solo.
Because your skills aren’t common, or can’t be taught in an afternoon, there aren’t going to be many people able to invest in your franchise. Therefore, you might get larger territories. This can yield more customers and greater revenues.
4. You can set your own hours
For many computer franchises, the work is not always done between the hours of 9-5. For instance, website upgrades need to be done at low traffic periods and buying into a franchise like ComputerXplorers, you can work in the evenings and weekends. Therefore, you can start a new business around your current commitments or your lifestyle.
This is one of the great aspects of being your own boss.
5. Investment costs don’t have to be too high
Another great thing about computer franchises is that some of them don’t require an expensive amount of equipment. If you bought a dog grooming franchise, for instance, you might need to buy a van, washing equipment, uniform and more.
With some computer franchises, all you need is a computer. This can already be in your possession. And if you’re a computer expert, then you probably already have the latest technology, so you don’t need to invest in any upgrades. The less you have to spend in getting your business up and running, the quicker your time to profit will be.
Therefore, your biggest expense will likely be the upfront cost for investing in the franchise, which can sometimes be taken care of through finance and other types of funding.
When it comes to choosing which franchise opportunities is best for you, don’t overlook computer franchises. They’re currently in high demand, whether you’re looking at computer repairs or teaching children about technology. And with the benefits listed above, you can have a profitable business and career as a business owner.