There hasn’t been a time, better than today for doing business.
These 5 franchise trends of 2020 will prove that!
Think about the soaring purchasing power. The ever-growing population. Increasing brand awareness. Aspirations for a better life. All these things have charged up the demands.
Let’s look at the other side. Simple business processing. Easy loan approvals. Access to business insights. Proper government support. These factors indicate the golden success of franchise in 2020.
The sparkling market of India is very well reflected in the influx of big business brands. Many brands have penetrated the Indian market in recent times. Be it the luxury of lingerie or the savor of food flavours, India is embracing the global brands in its mighty land.
Entrepreneurship earning big
Today, almost every Indian dream about entrepreneurship. Either as a full-time profession or as a part-time investment. The lucrative market lures the gutsy millennial. This has resulted in some of the most incredible brands born in India.
Indian brands are rising the ladder in every sector.
Barista is ruling the coffee world.
OnebiteIndia is bringing India together on a plate.
Zuvius is changing the fate of cancer.
SurgimedCart is redefining the supply chain of pharmaceuticals.
Samocha is rewriting the stories around chai.
RcInc is bringing the global RC car races to India
Name any sector and there is an Indian brand emerging high. Giving tough time to the global brands.
Are you thinking business?
If you too are ready to plunge into the pool of entrepreneurs, then you must check out these 5 hot franchise trends in 2020.
But why franchise?
Franchise are low-risk high return business models. In franchise, you get a proven model, business assistance, shared responsibilities and high probability of profits.
So, if you are still waiting to crack that path-breaking idea, then starting with a franchise is a great idea!
Also, 2020 belongs to the model of franchise!
Start-ups are full-time jobs. Often moving along the lines of financial crunch. Whereas, franchises are comparatively less work. The ROI for franchises come sooner. Their proven business model, established brand name and constant guidance makes a smooth move towards success.
Along with the added advantage of easy loan and shared load, franchise brings the best balance of employment and entrepreneurship.
In 2020, a single job might not be the sufficient for survival. Plus, the fluctuating markets and insecurity of jobs, makes it even more important to have a second source of passive income.
But the trick is choosing the right franchise.
Check out these 5 hot franchise trends to earn big in 2020
5 hot franchise trends of 2020
1. 2020 Franchise Trends: A Delivery franchise
Delivery franchises are driving the wheels of businesses.
Shopping has become simpler than ever. Just click it, pay for it, and get it!
Everything gets delivered at doorstep.
This facility has emerged as a gamechanger. ‘Delivered at doorstep’ is one of the biggest sales pitches. It is the greatest convenience a consumer can ask!
U.S. Pizza. Dinnos. Mac Donalds. Amazon. Every business in town offers the facility of delivery. And the rest are sure to add it soon!
‘Home delivery’ is the word that makes or breaks a sale. Be it food or fashion, groceries or home décor, consumers want everything delivered at doorstep. Convenience is a big factor in uplifting the sales.
Being able to deliver at doorstep gives an added advantage over the competition. It boosts both online businesses as well as local shops.
It is certain that more businesses would want to add the facility of delivery.
This makes the delivery franchises the most lucrative business in the locality.
They are cheap. The are in demand. They earn big!
2. 2020 Franchise Trends: Fitness Industry
There isn’t a day that passes without coming across the word fitness. Such is the craze of this trend.
With the increased awareness about the importance of fitness and the ugly side of obesity, people are crashing the gates of the gym.
They are joining jumba and aerobics, yoga and pillates.
As such, the market is ripe to launch your fitness franchise in the locality.
Fitness franchises are popular. They are high in demand. They are not a seasonal thing. They assure quicker returns on investment.
The only thing about fitness franchise is the cost. You need check franchises that offers maximum facility in minimum budgets.
3. 2020 Franchise Trends: Healthy Eats
The fondness for food is not going away anytime soon. This makes food franchises a great option.
But beware it’s 2020!
Consumers know better about what to eat and what not to!
The awareness about right eating, nutrition and associated diseases is spreading like wildfire.
As such consumers make an effort to opt for the healthy option.
This creates a great gap for the food franchises that offers a healthy bite.
OnebiteIndia is one such franchise that offers the diverse nutrition of India served in a single plate!
If you are passionate about health and wellness then this is where you should bet your money in 2020.
4. 2020 Franchise Trends: Healthcare Industry
The need for healthcare facilities in more than ever.
Sedentary lifestyles, unhealthy diets, chronic stress and low physical activities have spurred a cyclone of diseases.
Thus, a healthcare facility is the necessity in every locality.
Apart from owning a healthcare franchise that comes at a hefty price, you may also go for healthcare apps and other associated businesses.
LogonDr is one such app that’s going great!
If you want a business that assures sure shot returns, then this is for you!
High investment. Bigger returns. Quicker results.
5. 2020 Franchise Trends: Entertainment Franchises
Entertainment is another requirement going big!
In the mundane and stressful life, it’s the entertainment that brings the moments to relish.
Today, unconventional gaming zone and entertainment section are budding businesses.
Every mall has a gaming arena. Every resort has an entertainment section. Even most offices, colleges and houses today have this facility of entertainment.
RCInc is one such franchise that we are hooting for!
Owning an entertainment franchise is the best of all!
Low investment. High returns. Quicker results. Low maintenance.
One more hot franchise trend to look out for is the coffee culture.
This has been going strong for the past couple of years. And the demand is about to see an escalation.
Go for an established franchise like Barista and enjoy a smooth ride of entrepreneurship!
2020 franchise trends: What’s hot!
2020 is the year of franchises. Particularly in India. A place with so many consumers and such high demands.
Think about these hot franchise trends. Weigh in your skills and requirements. And pick the right franchise that fit’s you in!
Also Read: 11 Best Franchises to Buy in 2020