Franchising is one of three business strategies a company may use in capturing market share. The others are company owned units or a combination of company owned and franchised units.
Franchising is a business strategy for getting and keeping customers. It is a marketing system for creating an image in the minds of current and future customers about how the company’s products and services can help them. It is a method for distributing products and services that satisfy customer needs.
And if you think you’re ready to open a franchise, We’ve listed 8 Most in Demand Philippine Franchises in the philippines to help you decide choosing your own franchise business.
Water Refill Franchises
The reason why most businesses succeed and others not, is because they focus on the needs of the people. Water, is a basic need. That’s why, water franchises are all over the place and they make money. Water is a basic necessity.
Education & Training Franchises
With millions of graduate students finishing their studies on a quarterly basis and expected to rise even more every year, review centers and educational training schools are a good way to franchise. These franchises never go out of style because you can also target the market such as undergrad students who wants to take vocational courses and preschools for toddlers, which are all profitable when done right. Also to note that there are a lot of people wanting to go to vocational nursing schools and care giving courses. It is a good safe investment. Also for Fresh graduates reviewing for licensure exams, vocational courses & preschools.
Bakery & Food Store Franchises
Bakery and Food Store Franchises is another necessity. There’s a reason why there are still a lot of Bakeries up to now, they are profitable and time and time again, Filipinos just like to eat. Your morning breakfast just wouldn’t be complete without a pandesal or a bread together with a nice cup of coffee.
Bar & Cafe Franchises
Bar’s are always been a go getter. If you own a bar, especially a reputable franchise, you can always assume you will get the return of your investment. Now on the other hand, Cafe franchises are good. Filipinos love coffee. Remember the time when Starbucks first opened their shop in the Philippines? It’s a so much hit that even the socialites go starbucks all well dressed just to drink coffee in the late afternoon. Cafes signifies class and your market will be those that can afford to pay more for every cup. Customers plus high buying potential is equals to more profit.
Personal Care Franchises
Celebrities took part in the popularity of this franchise industry. Personal care franchise are easy to promote simply because celebrities are already promoting them. If local stars & celebrities are talking about them rampantly, you know that the followers and fans are going to go after that franchise. Also, spas and sauna has become a weekly habit for some people that became a part of their routine.
What are these service-type franchises? Car wash franchises, printing shops, and the most popular call centers these are all profitable franchises under this category. We know how many people wants to work in call centers. And call centers are in demand outside the Philippines because of our ability to talk in English clearly. One of the best in Asia. Picture this, Americans paying you, the franchise owner, dollars and you are paying your employees pesos. This is a lucrative franchise indeed.
Fast Food and Restaurant Franchises
Yet again, we see the proof that Filipinos really love to eat. Who doesn’t know Jollibee, McDonald’s & KFC? Fast food franchises are almost all the time will never fail. Though the return of investment will be somewhat long, the fruit of long term income is certainly obtainable. Jollibee, McDonalds and other fast food franchises maybe a bit too much for people that are starting up, there are other choices as well. Small fast food franchises are out there and you can still earn from them.
Food Cart & Kiosk Franchises
When you’re talking about necessity, food cart has it. When you’re talking about accessibility, food carts, they are everywhere! Standing and waiting at a small corner of the street or a mall waiting for you to buy a piece of something to eat. When you’re talking about price, food carts can cost at around 20,000. A very small investment. There’s nothing bad to tell about this type of franchise and highly recommended for people who are starting up and even those who already have the money.