CMOs and other marketing leaders must help franchisees understand how investing in marketing builds their location and the brand as a whole.
As brands such as Property Management Inc. (PMI) roll out new technologies and programs to promote their brand, a comprehensive marketing plan is critical to secure franchisee buy-in to a brand’s marketing spend. In an ever-changing marketplace, growth comes from the need for transparency among franchisors and franchisees.
“It’s all about setting up your franchisees for success,” says PMI. “Even though there is no one-size-fits-all approach to certain challenges when it comes to marketing, there are systems and processes we can put in place with marketing operations that can help drive a business. The goals are to be strategic with that and make sure everything ladders up to the parent brand.”
Marketing fees typically range from 2% to 5% of a franchisee’s gross revenue, so owners want to ensure they get what they are paying for.
In this story
This story was originally published in 1851 Franchise on August 20, 2022. Burnaze summarizes and links to the original reporting.
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