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FIB - Scams 101
Re: SMC corp
Posted By: Dennis Bevers In Response To: Re: SMC corp (jeff)
Date: Tuesday, August 19, 2008, at 9:59 p.m.(pst)
In Response To: Re: SMC corp (jeff)
>> McDonalds are still going up all over and I don't here them saying that the >> hamburger market is saturated.
Contrary to what you may believe, McDonald's has had a number of franchises that failed. In some cases, the franchise holder was bought out and the new owner was an existing McDonald's franchisee who is already successful. In other cases, the building color and exterior is altered to disguise the fact that it was once a McDonald's. The corporation doesn't want anyone seeing a former store that has closed.
>> From my experience and I don't care what business you are in if you
>> have a decent product with fair demand and you provide good customer
>> service you can be successful.
Tell that to all the gas station owners who sold one of the top 10 gasoline brands in the U.S. From the smallest city to the largest, there are less service stations per square mile than there were 10, 20, or ever 30 years ago. Market saturation is a reality.
Chevrolet dealerships now have a 25 mile minimum distance when you want to open a new location. The big 3 automakers realize it can be very difficult to make a profit if just 2 locations are with 30 miles.
Allstate and State Farm agencies are usually restricted from opening or moving their office with one mile of the nearest location.
People are still getting in and making a ton of money.
>> OK. I'm done rambling now. My point is don't let anyone steal your
>> vision and your dream. If you find an opportunity that you know will work
>> for you GO FOR IT and give good service.
If they haven't sold that specific product before, especially in their present market, how can they "know" it will work for them. Many of the better franchises will send in a specialist or team to evaluate the market, traffic flow, and other factors before approving a new franchise. And some will only approve a franchise if it is in one of the top 3 traffic spots pre-selected by their market analyst.
There is a very important step in starting any new business, whether MLM, a company franchise, agency, or a distributorship selling products. It's call "due diligence", which means examining the product, company opportunity program, and locations. If it doesn't measure up to the investigation, then it may be time to abandon it and look for greener pastures.
I don't look at it as stealing someone's dream. I consider it helping them avoid the pitfalls that lead to a 90% failure rate for new business start-ups with 10 years. And the loss ratio for MLMs is even higher, with as many as 97% quitting without breaking even on their initial investments, plus their additional expenses for leads, mailing materials, autoship or minimum purchase required, etc.
A helpful list of criteria for checking out that next business opportunity.
Messages In This Thread
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