(And Leveraging Them Into Even More Lucrative Opportunities!)
by now who hasn’t heard the phrase, “creating multiple streams of income?” And who in business. Who’s serious and dedicated to growing their revenue.
Could possibly be against do so? Let’s have a look at an iconic worldwide brand. Who has literally mastered the concept. Are you ready?
You Have To Be Able To See Beyond The Initial Front End!
You recognize the iconic, worldwide fast food giant, correct? 😀 And most you appreciate the fact. The franchisees pat to license the franchisors name and business model.
It seems pretty straight forward, does it not? What may not be so obvious in the case of Mickey D’s. They also own the plot of land the franchise sits on!
Plus the franchisees pay monthly franchise license fees to parent company to! so in essence. As long as th franchisee operates their franchise. The parent company generates monthly revenue from them.
And with a successful, iconic fast food chain sitting on a plot of land. The real estate itself becomes more and more valuable, right? And of course the taxes keep going up too! 😀
Start Small! (But Build To Be Or Become Extremely Large!)
You also throw in the ongoing royalty fees of 4-8% per annually. The occasional renewal or the potentially transfer fee. Whenever the franchisee(s) want or wish to transfer ownership of their business to someone else.
Be it friend, family and or stranger. Hopefully you can see and appreciate how this iconic fast food franchise. Go about creating multiple streams of income!
Stop Denying Yourself The Opportunity To Grow Your Income Producing Opportunities!
P.S. Now as is customary during this part of our show. Please share your extremely valuable comments (in the comments section below) that you can apply to your business, product or service in the next 30 days or less!
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