Saturday, March 20, 2010

Average Salary of a Franchise Consultant

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The franchise consultant's earnings are comprised of commissions paid by franchisers as the consultants send qualified franchisees to them. The average payment per match is usually around $10,000 to $15,000. However, it is possible to earn up to $50,000 if an entire territory is placed with a franchisee.

Full or part-time

A franchise consultant has the flexibility to decide whether to operate his or her consulting business full or part-time. The time available as well as the desired financial results will dictate how much effort is put into reviewing potential leads. This in turn translates into the possible income to be made.

As franchise consulting is the consultant's own business, consultants have the option to run the business on a part-time basis while still maintaining another job. There is great potential to earn a nice second income from this business. Also, many professionals such as Financial Planners, include franchise consulting in their portfolio of services for existing clients.

Salary possibilities

As a franchise consultant, it is very possible your business will take in a six figure annual gross income, even if only one deal per month is closed. This can be achieved remarkably while still in the first year of business.

One franchise consultant reported in a recent testimonial that by working an average of 20 hours per week over a period of 9 months he earned $136,595 in commissions.

Another franchise consultant stated that he sold 4 franchise units within 45 days after participating in the training provided by the franchising organization.

It is clearly achievable to bring in quite a comfortable income through franchise consulting. How much is earned is not only the result of how much time and effort is put into the business, but also by the wise management of time and resources. It is important to note that taking advantage of the training and support provided by the franchise consulting organization can be very beneficial in running a successful business.

Peter Casey is a well known franchise professional who consults with franchise systems and franchise seekers. As an author, public speaker & franchise consultant Peter has educated thousands of people about their options in the franchise industry. Peter is also the Managing Director of the Franchise Alliance. If you have questions or want to become a franchise consultant visit FranchiseAllianceSupport.com.

Article Source: http://EzineArticles.com/?expert=Peter_Casey

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