1.00 Indian rupee ₹ How Franchise can help collect Prospects Data? Mumbai

Published date: June 30, 2020
Views: 4
  • Location: Mumbai, Mumbai, Maharashtra, India

How Franchise can help collect Prospects Data?
About Franchise-
A franchise is a type of license that a party (franchisee) acquires to allow them to have access to a business's (franchisor) proprietary knowledge, processes, and trademarks in order to allow the party to sell a product or provide a service under the business's name. In exchange for gaining the franchise, the franchisee usually pays the franchisor an initial start-up and annual licensing fees. There are 4,600 franchisors in India (50 percent regional brands, 34 percent national brands, and 16 percent global brands). India has nearly 200,000 franchise outlets operated by almost 170,000 franchisees. Nearly 60 percent of franchise locations are in unit franchise format. (BBGV30620)

Who needs to reach out to Franchise?
For all the customers to whom the franchisees cater to is important. Also all the others like raw materials provider, ISP’s, etc needs to reach the franchisees. But franchisees are not just about selling products and services but it also serves as a data rich source. Hence all the companies and organizations who are looking for such data or consultancies needs to reach franchisees. Companies can use this data to analyse different aspects like retention rate, market need, etc.
How to reach franchisees?
Franchisees are easy to reach as they are famous brands. There are 2 ways online and offline. The offline ways are TV advertising, Newspaper advertising, Magazine advertising, etc. But the drawbacks of such channels are they don’t facilitate data collection. The online channels involve Mail, Websites and Social Media channels like Instagram, LinkedIn, Facebook and others. Other ways to reach the franchise is personal contact like Call and SMS.
Prospect Solution-
Franchisees can gather data on customer frequency and keep track of the products they purchase most and what days and times they prefer to come in. What was once confined to localised databases is now in the cloud, so any store can download customer data. This has can help franchisees retain business. Franchisees can keep track of how many times customers come in (who has been in once this year, who’s been in four to six times, who’s been in seven to 10 times or more). Then figure out how to market to these different buckets of customers. This way they can eliminate spending a disproportionate amount of marketing on people who already come in many times per year. They can focus on customers coming in one to three times and help move them along.
Contact Us:
Address: Unit No.450, Mastermind One - IT Park, Royal Palms, Aarey Colony, Goregaon (E), Mumbai, India 400065
Phone: +91 8097027355, +91 9137256150, +91 9222086563

Youtube video

Share


Useful information

  • Avoid scams by acting locally or paying with PayPal
  • Never pay with Western Union, Moneygram or other anonymous payment services
  • Don't buy or sell outside of your country. Don't accept cashier cheques from outside your country
  • This site is never involved in any transaction, and does not handle payments, shipping, guarantee transactions, provide escrow services, or offer "buyer protection" or "seller certification"

Related listings

  • How Prospect Marketing can help reach Mobile Application Users?
    Other Services - Mumbai (Maharashtra) - June 29, 2020 1.00 Indian rupee ₹

    How Prospect Marketing can help reach Mobile Application Users? About Mobile Application Market – India is the second-largest mobile market, ahead of the US with over 400 million smartphone users. India has emerged as the fastest growing app market i...

  • How Book Agencies can help in collecting Prospect Data?
    Other Services - Mumbai (Maharashtra) - June 27, 2020 1.00 Indian rupee ₹

    How Book Agencies can help in collecting Prospect Data? About Book Agents- Book agents or literary agents—also known as book agents, play an important role in the careers of book authors. They act as representatives of the authors and their written w...

  • How Prospect Marketing can help reach Corporate Employees?
    Other Services - Mumbai (Maharashtra) - June 26, 2020 1.00 Indian rupee ₹

    How Prospect Marketing can help reach Corporate Employees? About Indian Corporate Sector- Indian Corporate sector is a subset of the domestic economy, excluding the economic activities of general government, of private households, and of non-profit o...

Comments

    Leave your comment (spam and offensive messages will be removed)