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Outside forces and new technologies dramatically affect what happens to your Franchise. You don’t have to respond on a whim, but keep your eyes wide open when major changes occur.
Here are some marketing and business trends that are important to Franchises:
The Cloud – Although social media and mobile get more buzz, the great change-maker for franchises comes from the cloud. Using Internet-based applications to run your business rather than locating those applications on your servers or hard drives sounds pretty liberating, doesn’t it?
Going to the cloud is transformative. You gain powerful functionality, you can spend more of your time on your business and less on your infrastructure. Now that YOU are mobile, you can access your applications and data from virtually anywhere. Having your customer contact management, email marketing and document storage is essential.
Social media – Social media is hot. With good reason, Franchises are entranced with the idea of it. Social media offers the possibility of inexpensive ways to reach and interact with customers, but it seems like it takes up a lot of time with a very uncertain return on that investment.
Keep watching because this year will see the emergence of more easy-to-use tools that help you reach highly targeted customers. More franchises will embrace a wide variety of social media platforms, and Google+ will become a significant player.
Mobile -The mobile juggernaut continues in 2012, both for running your business and reaching customers. Look for greater embrace of mobile marketing, such as offering deals when people check in via Mobile.
Smart Franchises increasingly will use mobile solutions for a raft of business functions. One technology that will explode: accepting payments on smartphones, with tools such as Square (squareup.com).
More companies will embrace the power of being untethered from an office, being mobile and able to run operations on the go, especially when using cloud-based applications and tools.
Hiring – The past couple of years, workers have been “on sale” because of high unemployment, making it possible for franchisees to land great employees at lower costs. As the workforce recovers, consider college graduates from the past three years who have been underemployed. They can make great entry-level employees, and big corporations focus mostly on current graduates. Anticipate your needs for expanding your work force.
Credit – Credit for franchisees has been tough for years now. But it will get slightly better this year, making it a bit easier for healthy companies with strong customer demand to expand. Work with community banks that are receptive to local businesses.
Analytics – Knowledge, as they say, is power. One of the great things about cloud applications is they not only give you data, they give you reports. You can see response in real time to actions you take. For example at ElementsLocal, we send monthly newsletters. From our E-Marketing Manager analytics, I am able see exactly how many people opened it, which articles they read, which products interested them and more.
Global – You may not be a global franchise yet, but I’m guessing you may be soon. I’ve been pleasantly surprised to meet many American franchises who have grown their businesses by going international. I’ve even heard of someone who exports miniature golf courses. ElementsLocal represents CurvesME, the middle eastern franchise of the mega company Curves. Think outside the box by thinking outside your borders.
ElementsLocal is your answer to adaptive Franchise Online Marketing software: Comprehensive and easy to use.










