{"id":12981,"date":"2014-06-09T22:05:31","date_gmt":"2014-06-09T22:05:31","guid":{"rendered":"https:\/\/www.thefranchiseking.com\/?p=12981"},"modified":"2024-01-11T09:58:16","modified_gmt":"2024-01-11T14:58:16","slug":"3-things-franchise-brokers-prefer-keep-wraps","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps","title":{"rendered":"3 Secret Things Franchise Brokers Would Prefer To Keep Under Wraps"},"content":{"rendered":"

\"franchise<\/p>\n

For over 10 years, I was a franchise broker (with a franchise brokerage franchise<\/em>). I played matchmaker to people who were interested in pursuing franchise opportunities<\/a>\u2026in being their own bosses.<\/p>\n

And…<\/p>\n

Most of the time, I referred to myself as a franchise \u201cconsultant<\/i>.\u201d It sounded better than franchise \u201cbroker<\/i>\u201d back then, and correct me if I\u2019m wrong (don\u2019t even think about it<\/i>) I feel it still does today.<\/p>\n

But, make no mistake about it: a franchise consultant* is a franchise broker<\/b>. So is a franchise “coach<\/em><\/strong>.”<\/p>\n

*There’s actually another type of franchise \u201cconsultant<\/i>.\u201d They\u2019re the ones who are in franchise development. They work with individuals and companies that want to turn their businesses into franchise businesses. Right, Michael<\/a>?<\/p>\n

Things Franchise Brokers Don\u2019t Want You To Know<\/h2>\n

There are at least 3<\/strong> things franchise brokers won\u2019t tell you. I\u2019ll reveal the first one in a moment.<\/p>\n

But first, there\u2019s something I need to share with any franchise broker<\/a> who is reading this post, or the two blog posts that will soon follow.<\/p>\n

Here goes:<\/strong><\/p>\n

Try not to be angry with what I\u2019m about to disclose to my readers<\/a> about your segment of franchising.<\/p>\n

A Guarantee:<\/strong> You will<\/em> be mad at me if you don\u2019t read these posts in their entirety.<\/p>\n

That\u2019s because there may<\/i> be a few pearls of wisdom for you-for every franchising broker, included towards the end of each blog post in this 3-part series. Wisdom that can help you become a lot more successful in your business.<\/p>\n

3 Things Franchise Brokers Would Prefer To Keep Under Wraps<\/h2>\n

Back to you-future franchise owner…<\/p>\n

The first thing I\u2019m going to share with you is something that you couldn’t possible know unless you\u2019re already working with a franchising broker-or, and this is important, franchising brokers<\/b>. Plural.<\/p>\n

Here goes:<\/p>\n

Most franchise brokers work with the same franchisors, and most franchisors work with all of the same brokers.<\/strong><\/p>\n

If you\u2019d like to read that sentence again, it\u2019s fine. I\u2019ll wait.<\/p>\n

Got it?<\/p>\n

Here\u2019s why:<\/strong><\/p>\n

Only a small (but growing?<\/i>) percentage of franchisors work with franchise brokers.<\/p>\n

For example, Great Clips<\/a>\u00ae and Sport Clips\u00ae, two popular franchise business opportunities that appeal to people who would like to keep<\/i> their (mostly<\/i>) high-level jobs while they start their businesses, pretty much work with every<\/i> franchise broker in the US.<\/p>\n

Franchisors generally don\u2019t and won\u2019t have exclusive<\/em> relationships with individual franchise brokers or franchise broker groups. That\u2019s because today\u2019s franchisors want as many chances as they can get to sell their franchises. They want leads. Period.<\/p>\n

I\u2019ll go even further.<\/p>\n

My Dad Told Me This<\/h2>\n

Early on in my career as a franchise broker, my Dad-who was one of the first franchise brokers<\/a> around, told me something I\u2019ll never forget. It had to do with the franchise brokerage we were with and brokers in general<\/p>\n

\u201cJoel, the franchisors don\u2019t give a shit where their leads come from. They just want leads<\/i>.\u201d<\/p>\n

And, of course, I didn’t believe him.<\/p>\n

I thought franchisors would be picky. I thought they\u2019d only work with the top brokers and brokerage groups.<\/p>\n

I was wrong.<\/p>\n

Selling franchises-awarding franchises to individuals-is a numbers game. The more leads coming in, the better the chances of a few of them converting into new franchise units.<\/p>\n

Make sense?<\/p>\n

Franchise Brokers Will Now Like Me<\/h2>\n

I\u2019ll make some friends now. That\u2019s because of what I\u2019m about to suggest.<\/p>\n

Here goes:<\/p>\n

Don\u2019t Work With More Than One Franchise Broker.<\/strong><\/h3>\n

Did you feel that? Well, I felt it here<\/em>…in my Castle.<\/p>\n

It was a group sigh. And, it may someday turn into a massive franchise broker-Franchise King-group hug<\/strong>. Who knows?<\/p>\n

If you work with two different franchise brokers, you\u2019ll probably end up looking at the same franchises\u2026or at least get some of the same suggestions. Probably.<\/p>\n

But, worse than that, if you work with different franchise brokers-especially at the same time, you\u2019ll turn into a ball of confusion<\/b>.<\/p>\n

Please keep reading.<\/p>\n

You\u2019ll start losing track of the franchises<\/a> you\u2019re supposed to be investigating. You\u2019ll forget which broker referred you to which franchisor. And, let\u2019s not forget about the franchises you\u2019re finding on your own-C’mon, I know you\u2019re looking at a few opportunities without the help of a broker, too<\/i>.<\/p>\n

Don\u2019t do it. It\u2019s not like the franchises you\u2019ll be presented with will be all that different anyway.<\/p>\n

Choose a franchise broker you like. Choose a franchise broker who you feel is trustworthy.<\/p>\n

And it\u2019s up to franchise brokers to differentiate themselves. They<\/em> have to do enough online marketing and offline marketing to stay top of mind-so you<\/em> can find them. Once you do, ask them some questions. Find out about their backgrounds. Ask them to share some success stories with you. Get references. You have a lot of choices-there are a lot of franchise brokers around.<\/p>\n

So, now you know.<\/p>\n

Update:<\/strong>\u00a0Click Here For Part 2!<\/a><\/p>\n

Franchise Broker FAQ’s<\/h3>\n\n\n
What is a franchise broker?<\/strong>

A franchise broker (sometimes known as a franchise consultant) is someone who is paid by specific franchisors to sell their franchise opportunities.<\/p> <\/div>

How much do franchise brokers make?<\/strong>

Franchise brokers are paid a commission of 40%-50% of the upfront franchise fee. That normally translates into at least $20,000. <\/p> <\/div>

Are franchise brokers licensed?<\/strong>

Franchise brokers are not licensed, because there are no are no licensing requirements at the present time.<\/p> <\/div>

Should I become a franchise broker?<\/strong>

You can, as long as you are good on the phone and can live off an unpredictable income stream.<\/p> <\/div> <\/div>\n","protected":false},"excerpt":{"rendered":"

For over 10 years, I was a franchise broker (with a franchise brokerage franchise). I played matchmaker to people who were interested in pursuing franchise opportunities…in being their own bosses. And… Most of the time, I referred to myself as a franchise “consultant.” It sounded better than franchise “broker” back then, and correct me if […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[2122,252],"tags":[1630,1458],"class_list":["post-12981","post","type-post","status-publish","format-standard","hentry","category-choose-a-franchise","category-franchise-brokers","tag-franchise-consultants","tag-top-franchise-brokers"],"yoast_head":"\nFranchise Brokers Don't Always Tell You Everything<\/title>\n<meta name=\"description\" content=\"According to The Franchise King\u00ae, Joel Libava, there are several things franchise brokers don't want you to know. Find out what they are now.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Secret Things Franchise Brokers Would Prefer To Keep Under Wraps\" \/>\n<meta property=\"og:description\" content=\"According to The Franchise King\u00ae, Joel Libava, there are several things franchise brokers don't want you to know. Find out what they are now.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps\" \/>\n<meta property=\"og:site_name\" content=\"The Franchise King\u00ae\" \/>\n<meta property=\"article:published_time\" content=\"2014-06-09T22:05:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-11T14:58:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/franchise-broker-secret.jpg\" \/>\n<meta name=\"author\" content=\"Joel Libava\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps\"},\"author\":{\"name\":\"Joel Libava\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#\\\/schema\\\/person\\\/b560fd324f6df9be52ac875e631beb66\"},\"headline\":\"3 Secret Things Franchise Brokers Would Prefer To Keep Under Wraps\",\"datePublished\":\"2014-06-09T22:05:31+00:00\",\"dateModified\":\"2024-01-11T14:58:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps\"},\"wordCount\":961,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.thefranchiseking.com\\\/wp-content\\\/uploads\\\/franchise-broker-secret.jpg\",\"keywords\":[\"franchise consultants\",\"top franchise brokers\"],\"articleSection\":[\"Choose The Right Franchise\",\"Franchise Brokers\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2014\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#organization\"}},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps\",\"url\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps\",\"name\":\"Franchise Brokers Don't Always Tell You Everything\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.thefranchiseking.com\\\/wp-content\\\/uploads\\\/franchise-broker-secret.jpg\",\"datePublished\":\"2014-06-09T22:05:31+00:00\",\"dateModified\":\"2024-01-11T14:58:16+00:00\",\"description\":\"According to The Franchise King\u00ae, Joel Libava, there are several things franchise brokers don't want you to know. Find out what they are now.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#breadcrumb\"},\"mainEntity\":[{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795598468\"},{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795619784\"},{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795638645\"},{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795655933\"}],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#primaryimage\",\"url\":\"https:\\\/\\\/www.thefranchiseking.com\\\/wp-content\\\/uploads\\\/franchise-broker-secret.jpg\",\"contentUrl\":\"https:\\\/\\\/www.thefranchiseking.com\\\/wp-content\\\/uploads\\\/franchise-broker-secret.jpg\",\"width\":1000,\"height\":750,\"caption\":\"franchise broker secret revealed\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.thefranchiseking.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Choose The Right Franchise\",\"item\":\"https:\\\/\\\/www.thefranchiseking.com\\\/category\\\/choose-a-franchise\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"3 Secret Things Franchise Brokers Would Prefer To Keep Under Wraps\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#website\",\"url\":\"https:\\\/\\\/www.thefranchiseking.com\\\/\",\"name\":\"The Franchise King\u00ae | Get Franchise Buying Advice\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.thefranchiseking.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#organization\",\"name\":\"Franchise Selection Specialists Inc.\",\"alternateName\":\"The Franchise King\u00ae\",\"url\":\"https:\\\/\\\/www.thefranchiseking.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.thefranchiseking.com\\\/wp-content\\\/uploads\\\/headshot-2023-the-franchise-king.jpg\",\"contentUrl\":\"https:\\\/\\\/www.thefranchiseking.com\\\/wp-content\\\/uploads\\\/headshot-2023-the-franchise-king.jpg\",\"width\":230,\"height\":319,\"caption\":\"Franchise Selection Specialists Inc.\"},\"image\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.instagram.com\\\/thefranchchiseking\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/joellibava\",\"https:\\\/\\\/www.pinterest.com\\\/franchiseking\\\/\",\"https:\\\/\\\/www.youtube.com\\\/user\\\/JoelLibava\\\/videos\"],\"description\":\"Franchise Selection Specialists Inc. is owned and operated by The Franchise King, Joel Libava. Joel is the author of \\\"Become a Franchise Owner!\\\" (Wiley) and \\\"The Definitive Guide to Franchise Research\\\" (Self). Joel's blog, The Franchise King Blog, is the longest-running blog in franchising. Joel also owns and operates The Franchise Attorney Directory. Joel Libava works 1-on-1 as a Franchise Ownership Advisor, and is a prolific writer on all things franchising. Finally, he's been in franchising close to 25 years.\",\"email\":\"joel@thefranchiseking.com\",\"telephone\":\"2168312610\",\"legalName\":\"Franchise Selection Specialists Inc.\",\"foundingDate\":\"2002-01-20\",\"taxID\":\"20-1184045\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"1\",\"maxValue\":\"10\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#\\\/schema\\\/person\\\/b560fd324f6df9be52ac875e631beb66\",\"name\":\"Joel Libava\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg\",\"caption\":\"Joel Libava\"},\"description\":\"I\u2019m The Franchise King\u00ae, Joel Libava. I'm the author of two helpful books on researching and buying a franchise. In addition, I'm a Franchise Ownership Advisor with 20+ years of experience working 1-on-1 with people interested in buying a franchise, safely. Subscribe to my free VIP Franchise Newsletter.\",\"sameAs\":[\"https:\\\/\\\/www.thefranchiseking.com\",\"https:\\\/\\\/www.instagram.com\\\/thefranchchiseking1\",\"https:\\\/\\\/linkedin.com\\\/in\\\/joellibava\",\"https:\\\/\\\/in.pinterest.com\\\/franchiseking\\\/\",\"https:\\\/\\\/www.youtube.com\\\/JoelLibava\"],\"knowsAbout\":[\"Franchising\"]},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795598468\",\"position\":1,\"url\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795598468\",\"name\":\"What is a franchise broker?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A franchise broker (sometimes known as a franchise consultant) is someone who is paid by specific franchisors to sell their franchise opportunities.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795619784\",\"position\":2,\"url\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795619784\",\"name\":\"How much do franchise brokers make?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Franchise brokers are paid a commission of 40%-50% of the upfront franchise fee. That normally translates into at least $20,000. \",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795638645\",\"position\":3,\"url\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795638645\",\"name\":\"Are franchise brokers licensed?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Franchise brokers are not licensed, because there are no are no licensing requirements at the present time.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795655933\",\"position\":4,\"url\":\"https:\\\/\\\/www.thefranchiseking.com\\\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795655933\",\"name\":\"Should I become a franchise broker?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You can, as long as you are good on the phone and can live off an unpredictable income stream.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Franchise Brokers Don't Always Tell You Everything","description":"According to The Franchise King\u00ae, Joel Libava, there are several things franchise brokers don't want you to know. Find out what they are now.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps","og_locale":"en_US","og_type":"article","og_title":"3 Secret Things Franchise Brokers Would Prefer To Keep Under Wraps","og_description":"According to The Franchise King\u00ae, Joel Libava, there are several things franchise brokers don't want you to know. Find out what they are now.","og_url":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps","og_site_name":"The Franchise King\u00ae","article_published_time":"2014-06-09T22:05:31+00:00","article_modified_time":"2024-01-11T14:58:16+00:00","og_image":[{"url":"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/franchise-broker-secret.jpg","type":"","width":"","height":""}],"author":"Joel Libava","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#article","isPartOf":{"@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps"},"author":{"name":"Joel Libava","@id":"https:\/\/www.thefranchiseking.com\/#\/schema\/person\/b560fd324f6df9be52ac875e631beb66"},"headline":"3 Secret Things Franchise Brokers Would Prefer To Keep Under Wraps","datePublished":"2014-06-09T22:05:31+00:00","dateModified":"2024-01-11T14:58:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps"},"wordCount":961,"commentCount":0,"publisher":{"@id":"https:\/\/www.thefranchiseking.com\/#organization"},"image":{"@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#primaryimage"},"thumbnailUrl":"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/franchise-broker-secret.jpg","keywords":["franchise consultants","top franchise brokers"],"articleSection":["Choose The Right Franchise","Franchise Brokers"],"inLanguage":"en-US","copyrightYear":"2014","copyrightHolder":{"@id":"https:\/\/www.thefranchiseking.com\/#organization"}},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps","url":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps","name":"Franchise Brokers Don't Always Tell You Everything","isPartOf":{"@id":"https:\/\/www.thefranchiseking.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#primaryimage"},"image":{"@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#primaryimage"},"thumbnailUrl":"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/franchise-broker-secret.jpg","datePublished":"2014-06-09T22:05:31+00:00","dateModified":"2024-01-11T14:58:16+00:00","description":"According to The Franchise King\u00ae, Joel Libava, there are several things franchise brokers don't want you to know. Find out what they are now.","breadcrumb":{"@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#breadcrumb"},"mainEntity":[{"@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795598468"},{"@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795619784"},{"@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795638645"},{"@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795655933"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#primaryimage","url":"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/franchise-broker-secret.jpg","contentUrl":"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/franchise-broker-secret.jpg","width":1000,"height":750,"caption":"franchise broker secret revealed"},{"@type":"BreadcrumbList","@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.thefranchiseking.com\/"},{"@type":"ListItem","position":2,"name":"Choose The Right Franchise","item":"https:\/\/www.thefranchiseking.com\/category\/choose-a-franchise"},{"@type":"ListItem","position":3,"name":"3 Secret Things Franchise Brokers Would Prefer To Keep Under Wraps"}]},{"@type":"WebSite","@id":"https:\/\/www.thefranchiseking.com\/#website","url":"https:\/\/www.thefranchiseking.com\/","name":"The Franchise King\u00ae | Get Franchise Buying Advice","description":"","publisher":{"@id":"https:\/\/www.thefranchiseking.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.thefranchiseking.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.thefranchiseking.com\/#organization","name":"Franchise Selection Specialists Inc.","alternateName":"The Franchise King\u00ae","url":"https:\/\/www.thefranchiseking.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.thefranchiseking.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/headshot-2023-the-franchise-king.jpg","contentUrl":"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/headshot-2023-the-franchise-king.jpg","width":230,"height":319,"caption":"Franchise Selection Specialists Inc."},"image":{"@id":"https:\/\/www.thefranchiseking.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.instagram.com\/thefranchchiseking\/","https:\/\/www.linkedin.com\/in\/joellibava","https:\/\/www.pinterest.com\/franchiseking\/","https:\/\/www.youtube.com\/user\/JoelLibava\/videos"],"description":"Franchise Selection Specialists Inc. is owned and operated by The Franchise King, Joel Libava. Joel is the author of \"Become a Franchise Owner!\" (Wiley) and \"The Definitive Guide to Franchise Research\" (Self). Joel's blog, The Franchise King Blog, is the longest-running blog in franchising. Joel also owns and operates The Franchise Attorney Directory. Joel Libava works 1-on-1 as a Franchise Ownership Advisor, and is a prolific writer on all things franchising. Finally, he's been in franchising close to 25 years.","email":"joel@thefranchiseking.com","telephone":"2168312610","legalName":"Franchise Selection Specialists Inc.","foundingDate":"2002-01-20","taxID":"20-1184045","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1","maxValue":"10"}},{"@type":"Person","@id":"https:\/\/www.thefranchiseking.com\/#\/schema\/person\/b560fd324f6df9be52ac875e631beb66","name":"Joel Libava","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","url":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","caption":"Joel Libava"},"description":"I\u2019m The Franchise King\u00ae, Joel Libava. I'm the author of two helpful books on researching and buying a franchise. In addition, I'm a Franchise Ownership Advisor with 20+ years of experience working 1-on-1 with people interested in buying a franchise, safely. Subscribe to my free VIP Franchise Newsletter.","sameAs":["https:\/\/www.thefranchiseking.com","https:\/\/www.instagram.com\/thefranchchiseking1","https:\/\/linkedin.com\/in\/joellibava","https:\/\/in.pinterest.com\/franchiseking\/","https:\/\/www.youtube.com\/JoelLibava"],"knowsAbout":["Franchising"]},{"@type":"Question","@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795598468","position":1,"url":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795598468","name":"What is a franchise broker?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"A franchise broker (sometimes known as a franchise consultant) is someone who is paid by specific franchisors to sell their franchise opportunities.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795619784","position":2,"url":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795619784","name":"How much do franchise brokers make?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Franchise brokers are paid a commission of 40%-50% of the upfront franchise fee. That normally translates into at least $20,000. ","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795638645","position":3,"url":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795638645","name":"Are franchise brokers licensed?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Franchise brokers are not licensed, because there are no are no licensing requirements at the present time.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795655933","position":4,"url":"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps#faq-question-1614795655933","name":"Should I become a franchise broker?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"You can, as long as you are good on the phone and can live off an unpredictable income stream.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/12981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/comments?post=12981"}],"version-history":[{"count":7,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/12981\/revisions"}],"predecessor-version":[{"id":45792,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/12981\/revisions\/45792"}],"wp:attachment":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/media?parent=12981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/categories?post=12981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/tags?post=12981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}