Franchising is a cost effective alternative to investing in a start up. When you purchase a franchise, you basically use the business model of another company to sell their products and reap the profits. The franchisee, or the person who buy the franchise, has to pay the owner or the franchiser a startup fee, as well as royalties, as they will be using their trademark and brand name to make a profit.
The franchise cost of various businesses may vary, depending on the value of the company. Some franchises cost as low as few hundreds of dollars, whereas others might easily be worth hundreds and thousands of dollars. If your budget is tight, and if you wish to get into franchising at an affordable cost, try to find franchise opportunities at a low cost using these tips.