What is a franchise business?
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In very simple terms, when you buy a business from the franchisor or business owner, you have the right to use its brand name for selling products or services and to be part of a network through which training and support are provided by the franchising firm.
A franchiser offers entrepreneurs a pre-existing brand, business model and quality control system. In return, the franchiser gets royalty payments and can increase market share and expand operations to nations where they may not have any presence yet.
Franchising is a way for a business to expand its operations and reach more customers by using independent owners to sell its goods and services. In return, the owner of the franchise is given help and support in running his or her company as well as access to business knowledge and information needed to run a successful business.
How to select low-cost franchise businesses and why?
Franchising has become the most used business model in India, ranking second only to Project-Based Businesses in terms of investment and growth. With over 70% of entrepreneurs in the country owning at least one franchise, this model is helping a lot of people achieve their desired lifestyles. For those looking for a proven business model, an established brand name they can associate themselves with, and a lucrative business that’s also low-cost, franchising is an ideal option. However, did you see the dominos franchise cost in India or the KFC franchise cost in India and got worried about how expensive it is to get a franchise? Click here for more info.
Don’t worry not all franchises are expensive and infact some may be extremely affordable.
Low-cost businesses don’t mean low-profit and these businesses are great sources of income.
The following are the most popular and inexpensive franchises to open in India:
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Archie’s
If you are looking to start a home-based business and like to work with people, then maybe becoming an independent Archie’s franchise owner would be the best decision for you. Not only will you have the opportunity to make hundreds of your products but you will also love the variety of products this company offers because shopping for gifts is a wonderful experience that gives immense pleasure whether it’s done online or in person.
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Amul Ice cream
When you think about ice cream, one of the first things which come to your mind is Amul. Amul is one of the most trusted, reliable low budget franchises in India with products that are loved by the people. Another reason for choosing an Amul ice-cream franchise is because it is a very profitable business and people adore Amul for the taste and quality it provides.
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Khadim’s
If you are looking for an exciting lifestyle and a great investment opportunity, Khadim’s Shoes franchise could be just the right fit for you! This extremely popular and highly sought-after shoe brand has a reputation for the finest quality and style of footwear, available at reasonable prices that everyone can afford.
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Cheops
Cheops Chai Point is one of the largest chain points in India and is one of the great multi-brand franchise businesses. They offer the best tea and coffee in different flavors and areas accompanied by snacks. They are popular among customers for a high quality of service at an affordable price. Hence, if you want to get a franchise that is popular right off the gate this one might be for you.