Turnkey Online Business For Sale
In the past, being your own boss and working from home sounded too good to be true. However, this dream scenario can likely become a reality in today's digitally dominated business atmosphere.
Almost all trends indicate that remote work is here to stay—one recent report predicted that 25% of all professional jobs in North America will be remote by the end of 2022. Remote opportunities will continue to increase through 2023. Additionally, 50% of U.S. businesses are considered to be home-based. In short, if you’ve been toying with the idea of starting a remote business, now is the time to act.
One of the easiest and most successful ways to open a home-based online business is to buy a franchise. With low startup and overhead costs, these turnkey operations are an excellent option for individuals looking to start their first business.
If you’re interested in learning how to start an online business as a franchisee, you’ve come to the right place. Franchise.com put together this comprehensive guide to answer some of the most commonly asked questions about home-based online franchises, including:
- Are you ready to run a home-based franchise?
- Which online franchises make the most money?
- Which is the best online business to start?
- Which online franchises are the most affordable?
- How do you find a home-based franchise business for sale?
What Does it Take to Run a home-based Franchise?
Before making any big decisions, it’s essential to determine if you are truly ready to run your own business from home. Although franchisees receive a fair amount of support from their parent company, running a home-based franchise takes a lot of independence. To help you decide if home-based franchising is the right choice, ask yourself the following questions:
Do I have the funds needed to start and run a franchise from home?
Just like any business venture, home-based franchises come with significant startup costs. Before committing to your decision, you should enlist the help of a personal financial advisor to conduct a complete audit of your financial situation. This will help you determine if owning your own franchise is the right financial decision. Additionally, you should consult your financial advisor and a lawyer when reviewing all documentation related to purchasing a franchise, including your franchise disclosure document (FDD) and franchise agreement.
Am I self-motivated and able to operate without direct supervision?
When it comes down to it, managing the day-to-day operations of a franchise is a solitary experience—especially when running a home-based business. If you are comfortable operating with limited direction and feel confident in your ability to make sound business decisions on your own, home-based franchising is an excellent career choice.
Am I willing to merge my home life with my work life?
Working from home in any capacity can blur the boundary between home life and work life. If you have never worked from home before, this transition could take some time. If you can focus on work at home while setting healthy boundaries during non-working hours, then this likely will not be an issue.
Am I comfortable with having limited creative control?
Although operating a home-based franchise business is a largely independent affair, you are still held accountable to regulations and standards set in place by the parent company. This means you have limited control regarding overarching corporate business decisions. If you are okay with letting others take the reins from time to time, then this lack of total creative control should be an easy adjustment.
Do I have enough prior managerial experience to run operations on my own successfully?
Running any franchise requires strong business and people skills—building lasting relationships and partnerships are vital, even in a remote working environment. If you have never been in a management role, working on your leadership skills may be worthwhile before starting your own franchise.
What Kind of Online Business Is Most Profitable?
Now that we’ve discussed what it takes to be a home-based franchise owner let’s take a look at some of the most financially successful types of home-based franchises.
E-learning and Digital Training
Because people are always looking to improve their professional and personal lives, home-based franchises that offer online courses and training are consistently in demand. In fact, the entire E-learning industry is forecasted to reach almost 400 billion U.S. dollars by 2026—making it one of the most popular online franchise options in today’s market.
Franchise Consulting
Remote franchise consulting was one of the lucky industries to benefit from a significant boom during the COVID-19 pandemic. Many workers are eager to exit their corporate jobs and start a franchise. However, most of these individuals will be new to running a franchise and require some guidance. That’s where a franchise consultant comes in. Franchise consultants can help their customers understand the unique ins and outs of the franchise industry before the customer commits themselves to invest in a business. Most franchise consulting opportunities require little to no experience in the franchise industry, and offer extensive training to get people up to speed. Although some may choose to work for a franchise consulting company as an employee, you can also purchase your own consulting franchise.
Business Services
The business or professional service industry is vast, giving potential franchise owners many opportunities to explore. Regarding the financial outlook of this franchise sector, FRANdata and the International Franchise Association found that approximately 99,296 business services franchise establishments were in operation in 2021. Additionally, the estimated output of U.S. business service franchises in 2021 was $95.3 billion. This good fortune has persisted throughout 2022 and is expected to continue well into the future.
What Are the Most Successful Small Online Businesses?
When investing in a home-based franchise, you ultimately want an online business that pays for itself. To help narrow down your choices, we’ve compiled a list of the fastest growing online businesses that are worth the investment.
Top Five Online Businesses
Commercial Capital Training Group
This COVID and recession-proof franchise is the perfect option for individuals who have a knack for finance. Commercial Capital Training Group is dedicated to connecting business owners with the loans they need to fund their future. With no restrictions on how to run the business, Commercial Capital Training Group offers you complete control over the destiny of your career.
ClaimTek Systems
Medical and dental billing solutions will always be in demand. ClaimTek Systems’ extensive expertise in billing, software development, and business development make them one of the most trusted billing solutions in the medical industry. For their franchisees, ClaimTek Systems offers:
- Comprehensive training
- Professional marketing items
- Unlimited support
FranServe
FranServe is a great opportunity if you have prior experience with consulting or are interested in learning more about franchising. At FranServe, you will learn how to help guide your clients through the franchise selection, financing, evaluation, and buying processes. No prior sales or broker experience is required, making this a great option for someone who is just starting out.
ActionCOACH
If you have a passion for business and helping others succeed, then business coaching could be the right career path. ActionCOACH has been an industry-leading business coaching franchise since 1993, which gives you access to some of the best minds in the industry. With minimal employees and overhead costs, ActionCOACH is a completely affordable and sustainable home-based franchise option.
Restaurant Heroes
If you have experience in the food industry, or are simply interested in helping restaurant owners improve their operations, consider a Restaurant Heroes franchise. Restaurant Heroes created this unique franchise model to help restaurants leverage new technology to adapt and grow as the food industry evolves. As a restaurant advisor, you will work with various customers to ensure that their adaptation to new restaurant technologies will positively impact their business.
Finding a Cheap Online Business for Sale
Although starting a franchise is never cheap, home-based online franchises are often much more affordable than investing in a traditional franchise or starting a business from scratch. Additionally, the overhead costs associated with running a home-based franchise are much lower than the cost of opening and operating a brick-and-mortar location. If you are looking for an online business for sale under $20,000, here are just two of the many examples that might interest you.
This franchise helps provide financial literacy and other training to business owners across the US. Unlike other franchises, Global Financial only requires a one-time fee of $19,950 without additional royalty fees or caps on potential earnings. These franchises also provide comprehensive marketing and training resources to help their owners get off to a good start.
Cash Required: $19,950
The Loan Consultants help their franchisees become successful financing specialists. They provide extensive training to help you build the skills you need to attract clients and establish your respected position in finance.
Cash Required: $13,800 ($9,800 for newly separated veterans)
Finding a home-based Online Business for Sale
Searching for home-based online stores for sale should be the uncomplicated part of your franchise journey. For example, at Franchise.com you can easily narrow your search by location, investment level, and category type.
Let’s say you’re looking for an online business for sale under 25,000 near Illinois. Head to the Franchise.com homepage, choose Illinois as your location, select “up to $25,000,” and click “Find the Best Franchises.”
From there, you can view all of the available franchises that meet your criteria!
To learn more about each franchise, select their name and comb through their short bio on our website. If you’ve found an opportunity that interests you, simply click the red button that says “Get Free Info” to request additional information from the franchise.
You can also browse by category instead—just scroll down on our homepage until you see “Browse Franchises by Category.” For home-based franchising options, select the green button that says, “Work From Home.”
And there you have it! If you’re ready to start exploring your options, visit our directory and see what opportunities await.
