Franchising Creator Led Business, A Good Idea? · High-Ticket Synthesizer School

Nov '23 (edited) in Other

Franchising Creator Led Business, A Good Idea?

I was listening to My First Million Pod (https://youtu.be/HVAQa0j-bUc?si=FJjqmfW1suBHLN4P) and they were talking about Franchising an online service based business.

This is how it works:

Let's say Andrew is a fitness creator who has a unique approach to coaching that ppl love and he has a strong brand around it. But he's constrained by the time he spends on coaching.

So Andrew creates a training program teaching his special workout methods, coaching style and philosophy. People who join his franchise get access to this training, his workout plans, and ongoing support.

Since Andrew has a traffic, he could hand these franchisees some customers and make them fulfill the demand he generated.

Assume Andrew is smart and he also has a community of clients, he can also use these franchisees to promote his community and add more value.

Now, Andrew's income streams look like: