Red Box Franchise? Think You Could Make Money With One Of Those?
Red Box Franchise? Are you looking for one to buy? Unfortunately, they don’t exist as McDonalds is pretty much running the show with them. Still, the idea of having a business as simple as a movie vending machine is a very attractive proposition.
If Red Box Franchises were available, you can bet that those machines would cost a pretty penny. They would also likely require you to pay a significant sum of money to the franchisor and when a new technology comes along or a manufacturer makes a better machine, your investment would go up in flames. Perhaps you remember people that spent $25,000 for internet access machines that could be placed in public places. Within months of their purchase, they became obsolete for many since we can now get the internet on many of our cell phones! Investment lost!
The best businesses to start in a difficult economy like the present is one that requires very little capital and doesn’t require a huge time investment. Most franchises purchasors discover that they have basically bought themselves a ton of stress and a 60 to 100 hour per week job.
Other people turn to traditional MLM type businesses as many of those will promise the moon and stars and have the lure of the free lifestyle. The reality is that 95 to 98 percent of the people that start a MLM business fail. The successful MLM marketers have to build huge organizations of nominally successful people and keep the recruiting pace going faster than the attrition rate to maintain their income. Many of the most successful MLM recruiters do so by tapping in to the incredible power of the internet. Unfortunately, most people do not understand how to truly use the internet to build a business.
While a franchise may cost anywhere from $10,000 to millions of dollars and have a better success rate than most small businesses, they still often struggle with attracting customers, especially in a bad economy. In this day and age, even traditional franchise owners would benefit from knowing how to market effectively on the internet.
When I was looking for a new business, I looked at a number of franchises and soon realized that the negatives out weighed the positives and I decided it was not worth the risk. I then looked at many different internet businesses and realized that no matter what business I purchased, I had to know how to market it online.
Learning how to market on the internet not hard, but it requires a knowledge of many different areas of online marketers that are not readily available at one source. Successful marketers online could market virtually any product or business as most of the techniques can be adapted for any product or service. Working online is way better than buying a Red Box Franchise………..even if they were available.
Successful online marketing requires knowing how to brand your business and to attract people to it. It forces you to convey credibility and competence in just seconds. Marketing online requires a knowledge of how to drive targeted traffic to your website and then converting that traffic into either immediate customers or future customers.
While many franchises have a solid brand and an image recognized by the public, franchise owners who are successful increase the value of the franchisor’s brand. Successful online marketers learn now to create their own brand and thereby create value for themselves that will continue to generate profits for years.
Learning how to market online does have a learning curve, but many can gain significant competence within weeks or months and the investment required is normally a tiny fraction of the cost to purchase a franchise and get it to the point of profitability.