DO YOU KNOW ABOUT ONLINE FRANCHISE?
Online Advertising was very popular early in 2000, but since the Internet and Google in particular providing safe and useful information’s, many franchises went obsolete and bankrupt when other continue to fraud their franchisees.
There is many definitions of online franchise, but the most relevant one is in Wikipedia, https://en.wikipedia.org/wiki/Franchising
where technically, it’s mention that Franchising is the practice of the right to use a firm’s business model and brand for a prescribed period of time.and a fixed fees.
Usually three important payments are made to a franchisor (a) a royalty for the trademark, (b) a fees for set up the franchise online website and sometime for the training and advisory services given to the franchisee, (c ) a percentage on all advertising sales of the individual franchisee business (here for online franchises). The first two fees are usually pay in front or sometimes in 2 or 3 payments until the model website of the online franchise is ready to be online.Then after launch of the web site and few advertising sale, the franchisor will receive usually every month, 30% or more of the advertising sales.
A franchise usually lasts for a fixed time period (broken down into shorter periods, which each require renewal), and serves a specific territory or geographical area surrounding its location. There is also risk for the people that are buying the franchises; failure rates are higher for franchise businesses than independent business startups.
Franchisor rules imposed by owner franchising authority are becoming increasingly strict. Some franchisors are using minor rule violations to terminate contracts and seize the franchise without any reimbursement. Online franchise like Angloinfo.com and My Destination.com appears to fail in the category of worst franchises according to their franchisees testimonies all over the Internet (here Angloinfo and here My Destination).
START A FREE FRANCHISE
Why we calling ExpatScope.com a free franchise?
As per the franchise definition, the expansion of ExpatScope.com is similar as any franchises, as the franchisor (here the admin management of Expatscope) distributed new web site according to specific city or region for a fees. Comparaison with any existing online franchise stop here as the fees request by ExpatScope is not a franchise fees but annual membership for website maintenance and marketing.