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Projected and current industry data for Online/Tech businesses and franchises

The online and tech industries are growing at an unprecedented rate. This growth is having a significant impact on franchise businesses. Not only are traditional franchises utilizing tech for system operations and local marketing, but many businesses are now thriving with an exclusively online presence. And with each technological advancement, new opportunities arise for franchisors & franchisees alike. The 5 factors that are causing this industry growth are:

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  1. Increased internet use: The number of individuals surfing the net, worldwide, is projected to reach 4.9 billion by 2025. That is roughly 60% of the global population. This means that more people are going online to shop, search for information, and connect with others, creating a vast market favoring franchise businesses making the best use of advancing  technologies.
  1. Growing e-commerce market: The e-commerce market was projected to approximate $5 trillion in 2021 - a significant milestone -, and growth is expected to continue beyond 2030. Online and tech franchises that optimize their e-commerce offerings can tap into this market and benefit from the increased demand.
  1. Rising mobile usage: The number of mobile phone users worldwide is projected to reach 7.33 billion by 2023, and the majority of internet users access the web via mobile devices. Online and tech franchises that best embrace a “mobile-first” user experience can reach a wider audience, capitalizing on this trend.
  1. Advancements in technology: The rapid advancements in technology are creating new opportunities for online and tech franchises. For example, franchises in the AI industry can offer new services such as chatbot development, and those in the VR industry can offer immersive experiences.
  1. Flexibility and scalability: Online and tech franchises can be run from anywhere and can easily scale to meet demand. This makes them more flexible and adaptable than traditional brick-and-mortar franchises, which can be limited by location and physical resources. And reach, online, is greater than it would be locally. 

Is now the right time for you to capitalize on this growth? Yes. Every day, the world is becoming more dependent upon technology. By understanding and identifying the unique advantages of online and tech franchises, business owners can get ahead of the curve and set themselves up for success long into the future. Here are some tech/online franchises that you may be interested in:

SiteSwan

Start your own web design business with SiteSwan. Create & sell websites to small businesses in your area with our easy-to-use, private label website builder. Set your own prices - keep 100% of the sales. Our turnkey platform is designed for anyone looking to…

Cash Required: $199

Minuteman Press International

Serving the business community for over 50 years, Minuteman Press’ customer service driven business model provides digital print, design and promotional services to businesses. Today we are much more than just print, we can provide anything you can put a…

Cash Required: $50,000

Batteries Plus

Over 30 years of consistent growth. Ongoing support. Multiple revenue streams. Whether you’re looking into owning your very first store, or you’re interested in adding to your existing franchise portfolio, Batteries Plus is here to help. Learn more about…

Cash Required: $100,000

American Business Systems, LLC

American Business Systems has been America's Leader in Medical Billing with Unparalleled Training, and Support for over 25 years. $100k Potential working from anywhere, full-time or part-time. Learn more about this great opportunity!

Cash Required: $30,000

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