Challenge the Pros
Franchise sales and development professionals answer topical and challenging questions here. These include issues related to franchise brand growth, using new technologies, building sales teams, and recruiting top franchisees and supporting them in the field by providing ongoing education, training, and new products and services.
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To measure the ROI, you have to really know what you're looking for. At Franchise Whales, instead of focusing on cost per lead, which is the standard among most franchise development executives, we focus on the cost per closed sale.
- Franchise Update
- 4,912 Reads 1 Shares
When working with current and prospective franchisees, a great deal goes into recruiting and development efforts. A major obstacle for many franchisors is identifying the right franchisees who will help grow the brand.
- Franchise Update
- 3,546 Reads 5 Shares
Social media is a regular function of our franchise development team. We use it to generate leads, nurture existing prospects, and validate that the franchise candidate is right for our brand.
- Franchise Update
- 3,501 Reads 3 Shares
We believe in utilizing many different marketing channels to reach our candidates, and more importantly, in targeting those in the right markets and for the right category or model.
- Franchise Update
- 3,540 Reads
The process of hiring, training, and retaining qualified individuals for sales and development is a necessary company practice that should not be taken lightly.
- Franchise Update
- 3,484 Reads 4 Shares
Unit franchise growth is the fuel that supplies life and sustainability to every franchisor's existence.
- Franchise Update
- 3,942 Reads
It's really incredible how much technology continues to evolve! There are so many tools available to assist franchisors with their development plans today, and at CruiseOne integrating technology is an essential part of our development strategy.
- Franchise Update
- 3,989 Reads
At Pancheros, interviewing prospective franchisees who fit within our brand's culture is a lot like dating.
- Franchise Update
- 3,627 Reads
What do you look for in a salesperson, and what are the critical elements to building a great sales and development team?
- Franchise Update
- 7,506 Reads
How are you using technology to identify, reach, and track prospects?
- Franchise Update
- 4,636 Reads
Essentially doubling in size since 2010, Toppers Pizza is one of the fastest-growing pizza chains of the past 3 years.
- Franchise Update
- 3,420 Reads 9 Shares
How do you set standards and measure performance in your brand's sales and development department?
- Franchise Update
- 4,976 Reads 1,023 Shares
At Checkers and Rally's, we've been in the business of Big, Bold Flavor for more than 27 years.
- Franchise Update
- 3,043 Reads 2 Shares
Over the past few years, The Lube has been able to reap the benefits of technology, using it to gather feedback from prospective franchisees and fans in real-time, which has helped further our development nationwide.
- Franchise Update
- 3,394 Reads 53 Shares
Silos are good for one thing, and one thing only: holding stuff back.
- Franchise Update
- 4,366 Reads 3 Shares
How can you help prospects with questions to ask and what information they should be seeking from franchise development people and franchisees?
- Franchise Update
- 4,762 Reads 124 Shares
Massage Envy Spa has always been transparent when it comes to sharing its franchising opportunity with prospective franchisees.
- Franchise Update
- 4,039 Reads 95 Shares
To better position us to reach our 2012 goal of doubling franchise awards, we recently revamped our lead follow-up processes to increase the speed and effectiveness of our prospect follow-up.
- Franchise Update
- 3,280 Reads 12 Shares
Franchisee satisfaction is a pillar of our business. It is both a point of emphasis and a source of great pride for the our executive team and support staff.
- Franchise Update
- 4,454 Reads 240 Shares
With 2011 winding down, how are you leveraging people, budgets, brands, and resources to meet development goals?
- Franchise Update
- 3,530 Reads 32 Shares
What are you doing to create a compelling, response-driven recruitment website for your brand? Things are moving fast in new technologies and the ways people are using them to communicate.
- Franchise Update
- 4,031 Reads 3 Shares
"How important is a conversion strategy to your development plans?" Conversion franchising is the foundation for The Dwyer Group development plan. A franchise conversion program has allowed us to be proactive in generating leads for our franchise development team, rather than hoping enough leads come in through normal lead generation channels.
- Franchise Update
- 7,017 Reads 132 Shares
How are technological changes affecting how you recruit, and how are the latest tools changing how your development department does its job?
- Franchise Update
- 6,958 Reads
As a franchisor, what are some things you are doing (or considering doing) to help give your franchise development people enriched selling opportunities in today's economy?
- Franchise Update
- 6,274 Reads
These days, social media is one of the key ways brands nurture relationships with their loyal customer bases. In a lot of ways, a brand's social media presence serves as an overall indicator of the health and strength of a brand. For a brand like Denny's, which has nearly 97 percent brand awareness and a 57-year history, most franchise candidates come to us with some experience with and affinity for the brand.
- Franchise Update
- 5,621 Reads 206 Shares
"Explain your development strategy as it relates to recruiting single-unit versus multi-unit franchisees. Do you look for both? Why or why not?" During the past five years, most franchisors have changed their concept of the ideal franchise candidate. Today larger franchisors are focused more exclusively on recruiting multi-unit/multi-brand players, rather than the single-unit operators most systems were built on. As an established, nearly 40-year-old brand, Popeyes Louisiana Kitchen markets franchising opportunities toward the top-tier multi-unit/multi-brand category franchisees, while simultaneously considering single-unit candidates. We currently have more than 1,900 locations in 44 states, the District of Columbia, Puerto Rico, Guam, and 27 foreign countries.
- Franchise Update
- 6,449 Reads
"In light of the current job market, how do you attract and retain top talent in your corporate office/sales development department?" As the leader of a franchise company, attracting, retaining, and motivating our team are among my very top priorities. After all, franchisors are service organizations and service organizations are only as good as their people.
- Kerry Pipes
- 6,277 Reads
"Are you using social networking (MySpace, Facebook, YouTube, Twitter, blogs, etc.) to recruit new franchisees?"
- Kerry Pipes
- 3,943 Reads 1 Shares
I'm amazed at the resiliency I see in the franchising industry. While so much of the business world is whining over the daily reports of the latest economic upheaval, I look around this industry and I see calmer, cooler heads prevailing. Take franchise recruitment and development, for example. This is no time to panic.
- Kerry Pipes
- 3,711 Reads
Unfortunately for many business owners, the economic forecast looks gloomy for this year and perhaps next. At Clix, we have taken an active approach toward understanding the state of the economy and planning our development for the next 12 to 36 months.
- Franchise Update Magazine
- 7,975 Reads
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