A Tip to Increase Your Revenue – Robert Bennett

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If you are a business owner and are considering franchising as a way to expand, let me share with you how franchising increases your topline.

Once you’ve formed a franchise, you as the “franchisor” can now offer your opportunity to potential investors who will become “franchisees.”

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You will be able to add to your topline primarily in two ways, franchise fees and royalties.

Franchise fees are charged to franchisees to enter into the franchise agreement. The fees range and are entirely decided by the franchisor. The market does ultimately decide what the franchise fees are though.

Royalties are the other income stream to increase your topline. Royalties are normally a percentage of the franchisee’s gross monthly revenues. As a franchisor, you would collect that percentage from each of your unit franchises, thus adding to your topline.

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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.