With technology making it possible for industries to make in-ways into all parts of the country, the companies are finding it difficult to set up shop in all cities they want to.
After all, finding the right location to enhance sales, finding the right people who can speak the local dialect o ensure a constant growth of consumer satisfaction, is no weasy task.
That is where, franchisees come into the picture. Franchisees are companies willing to provide the brands an outlet, the management and the infrastructure to work on in lieu of an association with the brand name.
India offers vast openings for a franchisor to set up its business; create awareness for his products or services and exploit the enormous market offered. As a result, it comes as no surprise that India has recently been declared as the second most attractive destination for retailers among 30 emerging markets.
Om Prakash, VP- Marketing of shaadi.com explains, “It is about a business partnership, the company provides a brand and the franchisee manages the work.”
Om Prakash, VP- Marketing of shaadi.com explains, “It is about a business partnership, the company provides a brand and the franchisee manages the work.”
Avenues
“Indian food and it training are the big players in franchising business in India today, while furniture, other forms of training and globalised marriage portals are coming up steadily,” says Om Prakash.