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Overcoming Common Franchise Challenges Cash flow management Maintaining brand consistency Recruiting the right talent Managing competition Ensuring customer satisfaction #franshiselive #FranchiseSuccess, #FranchiseTips, #FranchiseGrowth, #FranchiseBusiness, #FranchiseOpportunities, #FranchiseOwner, #FranchiseAdvice, #FranchiseLife, #FranchiseJourney, #FranchiseSolutions, #BusinessGrowth, #EntrepreneurLife, #BusinessAdvice, #StartupTips #FranchiseSelection, #ChooseWisely, #BusinessChoicesCarousel#OvercomingChallenges, #BusinessSolutions, #FranchiseChallenges

Long-term success in business doesn’t come from a quick transaction but from building relationships. I’ve worked with franchises that focused solely on hitting sales targets, only to watch them struggle with customer retention. On the flip side, those who prioritize the customer experience create lasting partnerships that fuel consistent growth. Building trust is the foundation of any franchise that thrives. When customers trust your brand, they don't just make a purchase—they return, refer others, and become loyal advocates. Want to create a franchise that builds loyalty, not just quick wins? Let’s get you started on the right path. 📩 pgilfillan@hireyourself.com #CustomerLoyalty #FranchiseGrowth #RelationshipBuilding

As with most things in sales, persistence is key. Call your leads quickly. Follow up often. Nurture them to close. You can do it own your own. But we can help you do it faster so you can concentrate on closing your franchise sales. www.helloresults.com #PersistenceIsKey #FranchiseLeads #CloseMoreFranchiseSales #AwardMoreFranchises #FranchiseConsultants

Customer lifetime value (CLV) is the total revenue or profit generated by a customer over the entire course of their relationship with your business. It's something that should be considered by those looking at purchasing a franchise. The benefit in the COMMERCIAL or B2B space, is that customers tend to make multiple buying decisions every year at larger average tickets, and the CLV rockets up. 2 examples to consider - Residential Painting Vs. Commercial Painting (repaint) In residential painting, the average ticket is around 5k and customers on average (between exterior and interior) paint every 3 years. So doing the CLV math of a 10 year business relationship means that CLV for residential is 15k. In commercial painting, our average ticket is right at 20k and we have many customers who buy multiple times per year, but for the sake of this example, let's say they only buy every 2 years to be conservative over the same 10 year business relationship. That would be a CLV of 100k! This is a very rudimentary example based on super simple math over a short period of time, but what it does is highlight the importance of relationship in B2B franchises, but also show how they can scale much quicker than most residential service franchises. Interested in having a discussion? Check out our website at https://lnkd.in/d5XC_Fpt or reach so we can chat. #franchise #CLV #performancepainting

**Key Metrics for Franchise Success** 1. Sales growth 2. Customer retention rate 3. Profit margins 4. Employee turnover rate 5. Franchisee satisfaction Track these metrics to measure and drive your franchise's success! #FranchiseSuccess #KeyMetrics #SalesGrowth #CustomerRetention #ProfitMargins #EmployeeTurnover #FranchiseeSatisfaction #BusinessPerformance #FranchiseManagement #FranchiseGrowth #BusinessStrategy #OperationalExcellence #FranchiseDevelopment #BusinessSuccess #FranchiseLeadership #BusinessMetrics #FranchiseSupport #FranchiseOperations #PerformanceTracking #FranchiseImprovement

⚖ Do you have the right balance of new business and customer retention activities? The old saying goes that new customers provides the lifeblood of any business. While that is certainly true, always focusing on customer retention can have a profound impact on your business. For example 💲 A 5% increase in customer retention can have a favorable impact on profitability by as much as 25%. Why? 👨💼 Finding new customers can cost between 5x and 25x more than retaining a current customer. Why Explained It is a matter of the investment in both time and money. It takes less of both retaining current customers because they already know, like, and trust you. Conversely, gaining new customers takes material investments throughout the sales funnel not to mention the time spent by the sales and marketing organization. We're not downplaying the importance of finding new customers. It’s more a matter of fully understanding the lifetime value of your customers, the full cost of acquiring new customers, then using that data to strike the correct balance. If you like this post please: 👍Follow me at Karl H Elken 🎯Hire me for fractional sales leadership or training 🎯Book a call with me: https://Inkd.in/et5pZEc4 #salesgeek #smallbusiness #franchising #franchiseopportunities

Got to talk about a most of my history in franchising with Tariq Johnson If you want help with your business or you are thinking about getting into business but don’t know where to start, drop me a message. https://lnkd.in/g_UJ_cJd

Franchise Sales Tip 101: Mastering Two-Way Conversations 🗣️ What separates good salespeople from bad ones? It’s all about the art of listening. Here’s the key: 1️⃣ Bad salespeople often dominate the conversation, talking too much and forgetting to listen. 2️⃣ Good salespeople know that sales are a two-way conversation. To excel in franchise sales, focus on: • Asking your candidates the right questions. • Actively listening to their responses. • Taking notes to understand their needs better. 📓 Remember, it’s not just about delivering a great pitch; it’s about engaging and understanding your prospects. #FranchiseSales #SalesTips #ActiveListening #JantizeAmerica

When we work with clients, part of our franchise execution is to focus on rejection. Passion drives creativity and pace, but understanding rejection gets you over the go-to-market hurdles. As a former buyer, I was trained in rejection; What problem do you solve? Why now? Why is it different? Who’s the team? What’s the audience? What are the engagement levels? One of the world largest retailers uses a 10 step list of rejection questions, and they are scoring you on it during your entire pitch. Few people know this! But buyers aren’t just retailers. They are licensees, partners, brands, collaborators - even internal stakeholders. That’s why we construct pitches that not only paint your vision with passion, we answer the essential rejections together before they are even asked. Creating a rejection mindset within your sales force as part of your sales plan, moves you from an internal reliance on self-belief, to an externally facing position of authority and credibility to close high quality deals. Maria Ancieta-Risher Ann Buckingham Darren Lee Phillipson Vince Brick Michael Kelly Marc Low Eva Steortz

We understand that month-end is critical for any dealership, and we're fully prepared for it because, ultimately, customer experience is the top priority. CAP Solutions Detailing Department Management. #Detailing #management #dealerships #franchise