There are countless benefits to starting a home based franchise – you won’t need to commute, you can wear comfortable clothing, and you’re responsible for your own schedule. If you’re not entirely sure of your options, we’ve put together a guide that explores home-based franchise ideas so that you can make an informed decision and choose the one that most interests you.
What’s a home-based franchise?
A home-based franchise allows you to manage and operate a business from the comfort of your own home. While you might leave home for some client meetings, a home-based franchise frees you from having to rent out office space as you can do most of the work over the phone or virtually.
One of the biggest differences between a regular home-based business and a home-based franchise is that the latter requires you to have regular interaction with the franchisor, who is involved in key decisions and offers support and guidance.
Types of home-based franchises
Education franchises
If you have a passion for education, then a tutoring franchise might be the perfect home-based franchise for you. As most franchises don’t require a qualification, degree, or any experience in the education sector, you’ll have the perfect opportunity to show your entrepreneurial skills while maintaining a good work-life balance. Education franchises could be the way to go if you’re good with children, like organising events, enjoy teaching or consulting, or you want to help nurture the future generation.
Pet franchises
There’s a lot of profit to be made by running a pet franchise – It’s predicted that the global pet care market will reach $358.62 billion by 2027 (Source: PetPedia). If you love spending time with animals, want to work flexible hours, and enjoy the outdoors and nature, then don’t hesitate to look into home-based pet franchises.
Home maintenance and improvement franchises
There’s significant profit to be made from running a home-based plumbing or home maintenance franchise. This could include electrical services, plumbing, painting, renovation services, restoration services, furniture repair and floor refinishing, among others. If you’re someone who loves managerial roles that still allow you hands-on experience, then home maintenance and home improvement franchises are the way to go.
Property franchises
Do you want to help people find their dream homes? If so, why not manage your own home-based property franchise? Whether it’s the residential or corporate real estate sector, you could choose from a range of property franchises. If you’ve got a passion for anything property-related, want to run a franchise with low overheads, would like to be based in a specific geographical area, or want to benefit from a property business model, then consider investing in home-based property franchises today.
Other Popular Home Based Franchises
Senior care franchises
Senior care services are rapidly growing – whether it’s cleaning and cooking or transportation and medical care, you could successfully run your own senior care and services franchise to support the elderly. If you’re someone who wants to support the elderly or aspires to help senior members feel like they’re an integral part of society, then consider senior care home-based franchises.
Computers and technology franchises
With technology continuously evolving, it’s taking a more prominent role in all of our lives. Despite this, many people still need help to manage it. This could include IT services for residential or commercial properties, designing and creating websites, making after-school classes, or appliance repair. If you’re a tech fanatic and have a flair for the world of business, then computers and technology home-based franchises could be perfect for you.
Qualities to look for in a home-based franchise
As you can see, there are a number of home-based franchise options for you to choose from. So, we suggest that you consider the following factors as you decide which option is right for you.
1. Affordable initial investment
You need to be realistic about whether you can afford the franchise fees and initial investment. As there are many franchise financing options, you don’t have to depend entirely on your own savings.
2. Suits your needs
If you’re looking for a home-based franchise opportunity that offers a flexible schedule and requires a low initial investment, then don’t pick a franchise that requires an expensive upfront sum and long working hours.
3. Growth opportunities
Does the home-based franchise you’ve chosen offer training and growth? If you’re someone who is inexperienced in the industry, then you need to make sure that the franchisor is giving you all the training you need to successfully run the business.
Here at Franchiseek, we have a range of home based franchises available for you to join today! Our friendly and professional team of franchising experts are ready and available to answer any questions and to help you find the perfect home-based franchise opportunity.
