Home-based franchises have proven to be some of the most recession-resistant franchises you can start in times of economic uncertainty. Here’s why.
Low Overhead Costs
One of the most significant benefits of joining a work-from-home franchise is the lower overhead costs. You don’t have to pay rent on an office, showroom, or storefront as an owner. The expense of those types of spaces can skyrocket during tough economic times.
Operating as a service AND a home-based franchise means no product supply. It can be expensive to purchase a bunch of products up front that you’re then in charge of selling. But, as a service franchise, you’ll only need to keep your own supplies on hand. For example, you’ll reuse your sprayers or other application tools at Mosquito Authority. This means you’ll only need to keep your solution on hand, which is much cheaper than keeping a for-sale product in stock. Plus, manufacturers will increase the prices of products, forcing you to pass the increase along to your customers.
Another cost-saving benefit to service and work-from-home franchises is the low staffing needs. When first getting started, you can perform the services yourself. Then, as you grow, you can bring on employees to increase production.
So, let’s take a look at the startup costs for Mosquito Authority, a service- and home-based franchise:
- Initial Franchise Fee: $25,000 to $45,000
- Opening Inventory and Supplies: $2,500 to $5,000
- Opening Marketing Package: $5,000
- Customer Vehicle Outfitting: $4,000 to $5,000
- Total Initial Investment: $54,000 to $127,700*
*See full details in Item 7 of our most recent Franchise Disclosure Document
Convenience of the Home Office
Don’t forget about the convenience of working out of your house, a concept many of us became used to during the pandemic. Working from home gives you flexibility with your time. If you need to take the kids to school or soccer practice, you can! You can easily work in different time increments to get all your work completed. Or even take your work with you to practice, find a coffee shop, and get to work.
During economic downturns, many people stress over the thought of significant layoffs within their companies. Am I next? These thoughts can add immense pressure. By owning your OWN business, you don’t have to worry about that. While the responsibility of keeping your business afloat does fall on you, it allows you to be the driver of your destiny.
Joining a well-established franchise system, like Mosquito Authority, to guide you can ease your nerves about owning and running a business. Franchises come with a proven process that has worked in other markets, but when considering which one to buy into, you’ll want to research what support they provide. That’s why many brands say no experience is required, because it genuinely isn’t. At Mosquito Authority, our 9 days of initial training includes guidance on setting up your office, hiring employees, using our sales, technology, and marketing methods, and building a business plan.
Forbes recommends studying the way a brand handled the Great Recession in 2008. Analyzing what they did to help their franchisees thrive from 2008 to 2010 will show how they might respond to another possible economic depression.
Benefits of Service-Based Franchises
Service-based businesses typically provide customers with a service they can’t perform themselves — for example, auto repair, plumbing, or pest control. Many people might be able to figure out how to complete some of these projects, but having a professional perform them is more efficient and effective.
These types of businesses thrive on servicing customers routinely. For example, lawn care, cleaning, and mosquito control companies typically service their customers weekly, monthly, or annually. This factor allows owners to scale and grow their businesses efficiently. Through exceptional service, you’ll keep your current customers and grow your customer base every year.
How Can Mosquito Control be a Recession-Resistant Franchise?
No matter the state of the economy, pests are out there, annoying people, and infesting their yards. Pest control experts say that while other businesses struggled to stay open during the pandemic, the pest control industry remained solid. When people tighten their budget, they tend to trim areas like going out to eat or traveling; because of this, they spend more time at home. So, they look for different ways to enjoy their homes, including their yards. Then, they’ll turn to mosquito control companies when the pesky bugs encroach on that slice of happiness.
Build Success With Mosquito Authority
What’s better than being in charge of your own destiny? That’s why almost anyone looks to start a business. Enjoy the advantages of a work-from-home AND a recession-resistant franchise by joining a mosquito-spraying franchise.
As a Mosquito Authority franchisee, you’ll have overhead costs with an initial investment ranging from $54,000 to $127,700, the convenience of working out of your home, and support from a well-established brand. That support includes training to help put you on the path to success as well as financing opportunities. From 401(k)/IRA business funding to equipment leasing, we help our qualified applicants find funding to achieve their dream of owning a business. All we ask is that you’re willing to work hard and follow our proven system to help rid your community of bothersome mosquitoes. Ready to get started? Contact us today.