ELEMENTS Inc.’s executive team, Jeremy LaDuque (CEO), Michael Boyer (CMO) and Steve Bridge (CFO), participated in six roundtables at this year’s International Franchise  Association’s (IFA) Annual Convention in San Diego. The roundtables covered lead generation, online marketing and optimizing follow-up on online leads.

As we spoke with franchisors we discovered these invaluable strategies for increasing franchise sales:

1. Market within your own franchisee network:

Using what you have at your immediate disposal is always the most efficient and cost effective way of marketing amid an economic downturn.  Contact your franchisees to discuss any possible marketing opportunities that you may have in their respective regions.  This type of marketing can be a sensitive matter as you would need your franchisees’ cooperation and possibly customer lists. Make any campaigns of this nature symbiotic; it is essential to initiate a “win-win” scenario for both the franchisor and the franchisee.

A simple but effective example of this would be to arrange a marketing plan in which you send postcards or coupons to customers of the franchisee.  Your coupon offering could say “Franchise opportunities in your area” on the back. This type of initiative will not only promote the brand, but will provide customers with motivation and incentive to visit the franchise location as well.

A secondary benefit of this type of marketing is that you are establishing an “exit plan” for franchise owners. By courting interested parties looking to purchase franchises you are providing opportunities for franchises looking to exit. This also helps create a level of trust between the franchisor and the franchisee. This method of marketing was brought up time and again at IFA this year as one of the first and foremost ways to increase franchise sales.

2. In Store Advertising:

You can gain great advertising opportunities by harnessing the popularity and frequency of visitors to your franchise locations.  Again, find “win-win” scenarios for you and your franchisees and work with them to expand your lead generation opportunities.

3. Networking:

Networking is still one of the most important marketing solutions available in your arsenal. As the saying goes, “It’s not what you know, but who you know.”  There are several ways that you can use this method sell more.  Anything from opening up the old-school rolodex to email marketing, and social networking sites (LinkedIn) are all effective strategies proven to lead to more franchise sales.

4. Local Media:

Local press is an important tool for creating lead generation.  In today’s precarious economical state, any publication of new business is hailed as a positive step for the economy and will be welcomed by all factions of media.  Be sure to announce that your franchise is interested in expanding locally, but emphasize the benefits and positive impact that a franchise will have on local consumers and economy.

5. National Media:

If you have the means, national press will provide your franchise with the highest exposure possible, however this is something that only a few franchises at the IFA convention were able to leverage. One innovative example of this case is the 10 Till 2 Part Time Placement Service company, which was able to attract national attention with their novel idea of providing part time work to people whose family obligations do not allow for a full time position. This type of creative thinking can lead to exciting results.

6. Internet Marketing:

The internet is an obvious and powerful tool which can be used in a myriad of ways to promote your franchise.  In fact, everyone at IFA attested to owning a website while working aggressively to refine their internet marketing strategies.  The majority of internet marketing strategies for franchises involved pay-per-click advertising scenarios. Pay-per-click marketing strategies are favored because advertising with the most popular search engines directly (Google, Yahoo, MSN…etc), still provides faster positive results while also supplying detailed and track-able information to help you optimize your marketing campaigns.

Yet another important aspect of internet marketing is catering to organic or natural search results, and many franchise companies were interested in further developing their organic marketing campaigns.  We introduced our ElementsLocal solution that directly addresses this growing need for organic results. ELEMENTS launched the ElementsLocal software last year to answer the three-fold need franchises have:

• Reduce pay-per-click costs
• Increase leads
• Protect brand identity

Simply put, the ElementsLocal software does all three of these by providing each franchisee with their own unique website. This larger network increases organic search results and provides the franchisor with BrandSecure tools to protect the brand.

7. Portal Websites:

Web portals present information from diverse sources in a unified, streamlined fashion and provide yet another powerful lead generation tool at your disposal.  Portal websites such as Franchise Gator or MatchPoint provide prospective franchises with multitudes of information about franchising as well as powerful search capabilities to further explore potential franchising opportunities.  These systems have been specifically designed to help franchisers, overcome many marketing hurdles.

8. Tradeshows

Tradeshows are a great way for current or prospective franchise owners to learn a great deal about the industry through face to face interactions with many other franchise owners.  Tradeshows also provide a significant opportunity for existing franchise owners to enhance brand and product visibility, promote new and existing products, generate leads, and drive sales.

These strategies and techniques should help you give you some ideas for marketing your franchise and franchisees. Attending the IFA Convention opened our eyes to the exciting opportunities we have to better market your businesses online. We truly enjoyed the time we spent with franchises, discussing what works and what does not work for them. Remember that significant results to your online marketing and advertising takes time and energy, but it’s worth the effort when you can measure that investment and see a return. Employing even a few of these strategies should help decrease your costs and increase your success.

Written by: Jeremy LaDuque

This entry was posted on Tuesday, February 24th, 2009 at 6:58 pm and is filed under ElementsLocal, Franchise Local Marketing, Lead Generation, Online Marketing, Tips & Tricks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.