What can I earn?
Franchise Earnings
The great thing is that, with this business, what you can earn is entirely up to you.
Your earnings will depend on a number of things, like your work ethic, the time you devote to the business, (and how effectively you spend that time), the amount of marketing activity you undertake, the way in which you deploy the techniques we give you and, of course, your existing skills, experience and contacts.
Your core income will be from the monthly membership payments made to you by local businesses. You are free to set your own prices but our recommended prices range from a minimum of £29 per month, upto £150 per month plus – depending on the services that you are providing.
In addition, you will charge a set-up fee when each customer first comes on board. This will normally be £97.
A site Owner with 100 clients each paying an average of £50 per month would bring you £5,000 every month.
At the higher end of this opportunity a site with 300 featured businesses would be worth £15,000 a month to you. There are several sites in our network now at this level of income and beyond — after less than three years of trading.
But remember — thebestof is NOT just a website business. There are plenty of other income opportunities for you in addition to the core monthly membership.
One of the truly great things about thebestof is that you are building what we call ‘residual income’; Your customers will remain with you month after month. The results they get from thebestof will ensure that, for the vast majority, once they start, they won’t want to stop – and they’ll pay you each month, usually by Direct Debit or Standing Order. This means that your income comes in whether you are sitting in the office, or taking a month out to relax and see some of the world. Residual income is one of the most powerful aspects of this amazing opportunity; it’s what truly sets thebestof opportunity apart from all of the other franchise businesses.
As with any business it’s not just income but overheads that are important, because that determines the bottom line profitability of your business.
Your franchise fees and monthly payment to us covers the costs of your server, hosting, website and on-going development. So overheads remain small, and profits are maximised.
You will incur some other costs, for instance travel and telephone, and there’ll be marketing elements that you’ll want to provide as well like, for instance, newsletters to your clients, certificates, monthly awards, door drop etc. However, all these costs are variable and linked to client growth and revenue.
The monthly Licence Fee that you pay to us is fixed over time so every time you bring in a new paying customer, you’ll know exactly what profit that client means to you over the coming months and years.
In short it’s a simple business, with very simple book keeping – and huge potential!
For more information about the earning potential and the other offline revenue streams that we now have, give Cat a call in 0121 765 5556
