Keep a Hometown Feel in Your Franchise
Doing business in a big city where everyone knows about you is very easy, but the real challenge is to take that franchise in places where a hometown approach matters. By their very nature, franchises aim for uniformity in all their locations, but sometimes, you have to “do in Rome…”
Pricing may be an issue. One of the most common problems that big brand names face when they franchise in small hometowns is comparisons. While it won’t be easy to sell below the price that is fixed by the franchisor, but if you can make proper justifications, the franchisor may allow you to modify the price or the items being sold. Make the customers see that the products/services that you are offering are of high-quality and are far better than local companies and they come with the back-end support of a nationalized company. Once you have established that, the people will not mind paying a little extra.
Visibility is a big factor in small towns. People patronize local establishments, because they know the persons behind the counter. So, never miss an opportunity of joining the local fund raisers or events where half the town will be present. It will be a good way to advertise your franchise. Check with the franchisor to see about provisions for donations and community involvement.
Every business loves the loyal customers. Hence, find out what is your franchisor’s loyalty program. Then tweak it (in consultation with the franchisor, of course) to the local condition and offer personalized gifts for loyal customers. For instance, you can give them incentives on their birthdays or free home deliveries and so on.
One advantage of opening a franchise of a nationally recognized brand in a small community is that, they will look up to you in terms of guidance. So, position yourself as an expert in the field of your franchising. Learn about your business yourself and not only through the business manual. Then only you can guide the locals well and gain trust.
If you’re considering a franchise in a small town, check with brandEXPANSION. Our associates can help you find franchise opportunities that will work best.
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