WHAT IS A FRANCHISE DEVELOPMENT MANAGER (REMOTE) JOB?
A franchise development manager (remote) job refers to a position in which an individual is responsible for managing the development of franchises within a company, but does so remotely. Franchising is an effective way for companies to grow their business by allowing other individuals or businesses to use their brand name, products, and services in exchange for a fee. The franchise development manager is responsible for finding prospective franchisees, pitching the benefits of the franchise model, and negotiating the terms of the agreement.
WHAT USUALLY DO IN THIS POSITION?
As a franchise development manager (remote), your job typically involves identifying and approaching potential franchisees, presenting them with the benefits of the franchise model, and negotiating the terms of the agreement. You will also be responsible for creating marketing materials and strategies to attract potential franchisees, conducting research on the market and competition, and maintaining relationships with existing franchisees.
TOP 5 SKILLS FOR POSITION
- Strong communication and interpersonal skills
- Excellent negotiation and sales skills
- Ability to think strategically and analytically
- Good organizational and time-management skills
- Knowledge of franchising laws and regulations
HOW TO BECOME THIS TYPE OF SPECIALIST
To become a franchise development manager (remote), you typically need a bachelor's degree in business, marketing, or a related field. However, some employers may accept a combination of education and relevant work experience. A background in sales, marketing, or business development can also be beneficial.
You will also need to have a good understanding of franchising laws and regulations, as well as the franchise model and its benefits. Some employers may require you to have specific certifications in franchising or business development.
AVERAGE SALARY
According to Glassdoor, the average salary for a franchise development manager is around $85,000 per year in the United States. However, salaries can vary depending on the company, location, and level of experience.
ROLES AND TYPES
The franchise development manager (remote) role can vary depending on the company and industry. Some franchise development managers may specialize in a particular industry, such as food and beverage or retail, while others may work for a franchising company that offers a range of industries.
There are also different types of franchises, including single-unit franchises, multi-unit franchises, and master franchises. Single-unit franchises involve one franchisee owning and operating one franchise location, while multi-unit franchises involve one franchisee owning and operating multiple locations. Master franchises, on the other hand, involve a franchisee owning the rights to develop a specific region or territory and then selling or managing sub-franchises within that area.
LOCATIONS WITH THE MOST POPULAR JOBS IN USA
Franchise development manager jobs can be found across the United States, but some locations may have more opportunities than others. According to Glassdoor, some of the top cities for franchise development manager jobs include New York, Los Angeles, Chicago, Dallas, and Atlanta.
WHAT ARE THE TYPICAL TOOLS
As a franchise development manager (remote), you will typically use a range of tools and software to manage your work and communicate with colleagues and clients. Some of the most common tools include:
- Customer Relationship Management (CRM) software
- Project management software
- Video conferencing software
- Email and messaging platforms
- Social media platforms
IN CONCLUSION
In summary, a franchise development manager (remote) is responsible for managing the development of franchises within a company, but does so remotely. To become a specialist in this field, you will typically need a degree in business, marketing, or a related field, as well as skills in communication, sales, and strategic thinking. The average salary for a franchise development manager is around $85,000 per year, and there are opportunities available in a range of industries and locations across the United States.