An advantage of purchasing a franchise
An advantage of purchasing a franchise is that the marketing plan
is provided by the franchisor. While this saves you the time and
energy it takes putting together a marketing program, it doesn't,
however, ensure that you will attract customers to your
franchise. How well your advertisements and promotions draw
customers will ultimately determine how effective your marketing
strategy is.
While a reputable franchisor will not sell you a franchise in a
territory where there is not a market, or where the market is
declining, it is your responsibility to cultivate your designated
market. Whether you are independent or a franchise, one of the
easiest ways to do this is through advertising and promotions.
Remember the aim of the advertising and promotional strategy is
to create awareness of your product or service, to arouse
customers' needs and expectations to the point of consumption and
to create a loyal stream of satisfied customers who continue to
patronize your business.
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