By

Kelsey Smith
A male and female in business clothes look at a tablet

10 Marketing Tips for Franchisors

Franchise development marketing involves growing a company’s sales and business through several activities, such as digital advertising or online marketing. Its purpose is to help companies increase their profits while retaining customers and reaching new audiences.

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FranConnect Shines with the Prestigious 2023 CARE Award

Written by Kaleigh Wells

We’re thrilled to share that we have been graced with the honorable 2023 CARE Award from Northern Virginia Family Service (NVFS). Notably, this is not the first time FranConnect has been honored with the CARE Award. This year’s recognition , a demonstration of our outstanding organizational culture and employee engagement strategies, further motivates us to maintain our position as one of the most rewarding places to work in the D.C area!

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Troublesome Transactions: Understanding the Top 4 Challenges Facing Initial Franchise Fee Collection

As a franchisor, collecting an initial franchise fee can be a critical factor in your success – yet it isn’t always as straightforward and simple as you might expect. Despite planning to collect all relevant fees at designated intervals, there are common issues that arise during the process of collection – packet delays, delayed payments, or non-payments by some franchises. To help equip you for managing these challenges efficiently and effectively, here we discuss the 4 most problematic issues franchisors face with initial franchise fee collections and how best to approach them.

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FranConnect Appoints Austen Asadorian as Chief Revenue Officer

Hospitality and restaurant technology executive joins the company to fuel its next phase of growth

HERNDON, Va., September 27, 2023 – FranConnect, the leading provider of sales, operations, and marketing technology to franchises and multi-location businesses, announces the appointment of Austen Asadorian to its executive leadership team as Chief Revenue Officer. Asadorian will oversee FranConnect’s global go-to-market and revenue organization, including new customer acquisition, customer expansion, new market development, pre-sales consulting, and revenue operations, bolstering FranConnect’s continued year-over-year growth.

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Defining Your Franchise’s Unique Selling Points and Showcasing Them to Potential Franchisees

Owning a franchise is an exciting opportunity to apply your business acumen and take your career in a new direction. While many franchises come with built-in brand recognition and buying power, you will still need to grow your business and attract new potential franchisees. Defining your unique selling points is the best way to accomplish these goals. 

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How Are Franchise Royalty Fees Calculated?

When you franchise a business, you’re offering many different services to your franchisees to help them get off the ground, like your recognizable brand name and business strategies. Of course, these resources have a cost, and royalty fees represent one of the ways that franchisees pay for those resources. Determining how you’ll charge these fees will play a significant role in your earnings from franchisees.

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