Franchise Update Magazine Issue II, 2013 | Page 68
Grow Market Lead
Speed of Delivery
Highlights from the 2013 AFDR
The 2013 Annual Franchise Development Report (AFDR) is a comprehensive guide to sales and lead generation
performance in franchise recruitment. The report drills down to industry categories, investment levels, and recruitment
budgets; provides data on marketing costs; reports the top-producing sales and lead sources; analyzes current
The only franchise sales and lead generation
and historical industry growth trends; and reveals performance evaluations of franchise websites and follow-up
benchmark report available in franchising.
to prospect inquiries. The data and analysis in this 150-page report can help you accelerate your system growth,
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increase selling performance, and make11/15/2012 for for only $299!
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I
n this issue we look at speed—speed in reaching the cepts is not an apples-to-apples exercise. Some concepts are
prospect, speed in recruiting the prospect, and speed in simpler and less expensive to start up and operate, while othHOW DO YOUR SALES MEASURE UP IN TODAY’S ECONOMY?
assisting existing franchisees. A quick response
ers require many months of due diligence by both
Franchise Update’s 2013 Annual Franchise Development Report is packed with
timely information and benchmarking a distinct edge. For example,
can give you data that can help your franchise system grow
parties, followed by site selection and construcfaster and close more deals.
tion. An important number to look at is whether
do you know how quickly you reach prospects?
This in-depth report features results from more than 110 organizations actively
expandingshould. And how are your competitors doing
You their franchise systems. The thoroughly researched report spotlights the
respondents were improving in their own eyes.
latest trends and reveals franchise success drivers that are sure to boost the octane
at that? These are
For example, when asked if their average closing
rating in your sales department. important questions to ask, and
the AFDR provides useful benchmarks to making
period was longer, shorter, or the same as in previSmart franchise organizations are watching lead-generation and sales trends,measure
adjustments, and selling more deals. And you can stay ahead of the curve with this report.
your development team against.
ous years, 15.8 percent said it was shorter; nearly
Own the most comprehensive sales and lead generation data available in franchising!
Consider what eMaximation’s Jeff Gooch
two thirds (64.4 percent) said it was the same;
Target top sales producing sources
Save in this development costs
wrote thousands in year’s AFDR about speedy response
and one in five (19.8 percent) said it was longer.
Report organized by industry categories and investment levels
by Ideal benchmarking for building budgets and media plans
franchisors:
The middle chart correlates investment levels
Insiders complete survey to sales and marketing trends, costs, and budgets
As the datacompanies totaling over 50,000 franchisemarket- industry categories
suggests, companies with units and 42 No. of Weeks
with the median number of weeks it took
Report represents
% of Total
ing programspremier selling tool for to candidates quickly and weeks ormarketing suppliers.
that respond franchisors, development consultants, 3 advertising & less
franchisors to close deals with qualified prosThis report is a must buy
0%
are poiseddigitally delivered end of November 2012 inof PDF format. Please allow 5 business days for delivery.
to reap the benefits: 61 percent a ap- 4–6 weeks
pects. For investment levels from $50,001 to
10.7%
Reports will be
plications are submitted within the first 24 hours 7–9 weeks
$500,000, there is no significant difference;
14.3%
Order now – contact Sharon Wilkinson: (800) 289-4232 ext. 202, [email protected]
following ahttp://www.franchising.com/franchisors/afdr.html 10 weeks
brand’s quick response.
it’s around 12 weeks. For investment levels
Order online at:
7.1%
above $1 million, that understandably jumps
To orderAdditionally, to: significant number of20547, San Jose, CA 95160
by mail, send check a Franchise Update, Inc., P.O. Box applica11–12 weeks
21.4%
If paying by credit card, complete the following information and fax to (408) 402-5738:
tions are being completed within the first week. 13–15 weeks
to 16 weeks.
17.9%
Card Number
Companies would do well to establish lead nur- 16–18 weeks
The survey also queried franchisors on
7.1%
Expiration Date
Amount to Charge
turing campaigns that reach candidates several 19–21 weeks
how their average closing times compared
0%
Visa
MasterCard
Discover
times within the first seven days. A Americanemail 22 weeks
drip Express
with those of previous years. Results here are
3.6%
Billing Address
campaign that sends out relevant content at pre- 23–24 weeks
mixed and vary by investment level. However,
3.6%
Signature
Date
defined intervals can help a franchise build trust 25 weeks or more
there are definitely signs of improvement in
14.3%
and credibility and can serve to keep a company
reducing the average time from initial conEmail report to: First Name
Last Name
“top of mind” so that a potential franchiseeTitle
will Investment Level
tact to closing.
Company Name
Median
be motivated to take the next step.
Email Address
Telephone Less than $50,000
8 weeks
We analyzed survey responses from more $50,001 – $100,000
Next year’s AFDR
11 weeks
Right Market. Greater Results.
than 106 franchisors representing 43,497 $100,001 – $250,000 12 weeks We continually seek ways to further raise
units. We asked respondents the following $250,001 – $500,000 12 weeks franchisor awareness of development stanquestion: From first contact with a franchise $500,001 – $1 million 12 weeks dards, and to create additional benchmarks
to help speed the adoption of best practicprospect, what is your curre