Franchise Spotlight: Internet
Work from home and exploit the inevitable growth of the online economy.
The future of the internet industry is bright, with statistics showing ever-growing levels of economic activity online.
While the global coronavirus pandemic supercharged this trend, the online economy had a high industry growth rate long before Covid-19 hit.
It contributed $2.1 trillion to the US economy in 2018 and accounted for about 10% of GDP – up from $966.2 billion and 6% respectively in 2014, according to analysis from the Internet Association.
Internet franchise industry trends
As well as being potentially lucrative, franchises in the internet sector can be run from home with flexible working hours and low start-up costs and overheads.
The good news for technically limited digital enthusiasts is that technical knowledge and experience is seldom a prerequisite for buying an online franchise. This is usually because the franchisor provides the training, support and tools necessary or the role requires no such skills.
Internet franchises in the US include Armaan ReSales, which helps clients build drop shipping businesses – meaning they can sell products online without stocking items themselves.
GetintheLoop franchisees help local businesses attract and retain customers via mobile applications, emails, push notifications and social media, with franchisees generating monthly recurring revenue and potentially earning more than $150K annually.
Promising a high margin, competition-free niche, Bridge Internet brings reliable, fast, secure internet connections to rural areas and sells internet TV and smart security products.
Digital marketing franchises include The Savvy Owner, which promises a return on investment within weeks; Launch My Biz (LMB), which guarantees a monthly income of $10,000 from 8-10 hours’ weekly work; and IOB Business, which offers more than ten revenue streams around improving websites, social media content and other digital assets.
Finally, sister brands Eazi-Sites and Eazi-Apps provide franchisees with a return on their investment after building just four websites or mobile apps using a ‘drag and drop’ platform.