To know this you should have adequate knowledge of what franchising in the philippines is all about. In brief it is a contract between two people who have been given the right to promote a product or a service using the trademark of another company. It is very difficult to say exactly how much you can earn because it depends on various aspects.
The earnings in franchise business depend on how much you invest. If you were a passive investor, the general returns from your investment would be 10 to 15 percent. In franchise business where you are ready to invest both your money and time the returns are significantly higher.
You can earn more in this business by selecting proper franchise company. It is very important to know the reputation of the company and the demand for the product in the market. A high quality franchise company gives training programs thereby using the most successful methods. There will be marketing people to assist you with established strategies. And of course their brand adds value to your franchise.
There are some industries like hotel, fast food joint, education franchise, computer support, IT usually offer higher returns. Subway, McDonald’s, are few to name where franchise has really showed good returns. This is because of the track record of profitability, easy and inexpensive to operate.
To make good money in franchise business it is important to select well-known established brand, good location, experienced franchisor, quality product etc. Make certain so as to make a knowledgeable decision in franchise and you can be a winner in franchising in the Philippines.