Let a Franchise Put Money in Your Pocket


If you're an inventor with a product to sell, or a man who wants his own business, franchising could be your way to wealth.
BY JAMES JOSEPH
WHETHER you're an inventor who has brainstormed a marketable product, or a fellow yearning to plunge into a business of your own, experts nowadays are apt to prescribe the same means of success: franchising.
Franchising your brainstormed product or service and you lease its use—and marketing —to dozens, even hundreds, of in-business-for-themselves franchisees, dealers who pay you a use fee or royalty, or both, for the privilege of cashing in on your success-laden idea. (Franchise fees range from $10 to $100,000, with the average from $6000 to $10,000; royalties run from 1% to 10% of gross sales.)