Working from home has become the new norm of 2020 due to the COVID-19 pandemic. According to the think-tank Global Workplace Analytic, 25 to 30 percent of American workers will be working from home by the end of 2021, an increase of over 20 percent since the beginning of 2020.
As such, online franchise opportunities will likely grow exponentially over the course of this decade. There are numerous online franchise opportunities that are both feasible and flexible. Many of these franchises include e-commerce, billing, payroll, and other fields that offer healthy margins for dedicated franchisees.
An online franchise is a type of franchise that an entrepreneur can operate from the comfort of their own home or office space. Although they may be required to meet with clients from time to time, most online franchisees are required to have impeccable phone and organizational skills.
Online franchise owners also benefit from low overhead costs because they do not need to pay rent costs, equipment costs, or staffing costs. Online franchise owners can pick their own hours and have complete control over procuring clients and earning revenue. Check out the best online franchises of 2020 and tap into this growing franchise industry today.
The Top 5 Online Franchises
Here is a list of the top 5 online franchises. These franchises were chosen for their relatively low fees, excellent growth opportunities, and overall brand-recognition.
Cruise Planners is an online franchise that caters to the travel industry. Cruise Planners franchisees help connect clients to their dream cruise vacation. As world-class travel agents, Cruise Planners takes care of everything from trip planning, accommodations, and finding the right deal. Cruise Planners has even expanded to land-based travel as well. This online franchise does not require past experience in the travel industry as they provide comprehensive training to ensure their franchisees have every chance to succeed.
GymGuyz is a revolutionary online, fitness franchise that has rapidly expanded over the last half-decade. GymGuyz provides expert personal training in various fitness styles. Franchise owners can perform all of the administrative work of running their franchise from the privacy of their own homes. All personal training sessions are performed at the clients home. As gym memberships have faltered over the last few months, personal training has rapidly grown.
Bricks 4 Kidz
Similar to GymGuyz, Bricks 4 Kidz is an online franchise where franchisees can perform all of the administrative work from their homes and then travel to the customer’s home. As such, Bricks 4 Kidz franchisees save thousands on overhead costs. Franchisees provide fun and interactive projects for children of all ages to learn from. Kids learn valuable engineering, math, and creative skills through building projects. Bricks 4 Kidz offers a comprehensive training program to ensure that its franchisees’ succeed.
Apex Payroll is a popular billing franchise that makes it easy for employers to pay their employees. Apex Payroll franchisees procure clients over the phone and then perform billing tasks in a timely manner. This franchise’s proprietary cloud-based system can also handle all human resource services, workforce management, and much more. Apex Payroll is the perfect franchise for an entrepreneur who truly wants to work from home. This online franchise has low overhead costs and has excellent brand-recognition.
American Business Systems
Similar to Apex Payroll, American Business Systems is a completely online franchise that handles all aspects of payroll services. American Business Systems is the fastest growing medical billing franchise in the nation. This franchise prides itself on providing expert, life-time support to all of its franchisees. Franchise owners do not need to have any experience in the medical billing industry to succeed. American Business Systems franchisees typically obtain their first client with the first 30-60 days of franchise ownership.
Get Started on the Path to Your Ideal Online Franchise
As more Americans choose to work from home due to the global pandemic, online franchises will only grow in size. Many online franchises are already successful as they require a relatively modest investment and provide critical services for employers and customers alike. Choose from a wide range of online franchises on AskMrFranchise.com.