Franchise Forecast 2006
Looking for a franchise forecast? Your search ends here, as we predict what will break on franchising's horizon in 2006.
eBay Consignment Stores
We predicted that eBay consignment stores--businesses that assist individuals by selling their merchandise on eBay--would grow last year. Well, they certainly delivered the goods. Some prime examples are iSold It and QuikDrop, both of which started franchising in 2003 and have already managed to rank in this year's Franchise 500®.
Offering a simple model that requires no inventory, along with the potential for great profits, franchisors are finding eager buyers. Meanwhile, franchisees don't have to worry about a lack of customers. "While there are 168 million people worldwide who are registered eBay users, there are a lot more who aren't," says Hani Durzy of eBay. "If these stores give people the opportunity to participate in the eBay marketplace, then we say 'great.' It's a win-win situation for everybody."
As for eBay, it's only growing bigger and better. According to Durzy, during the third quarter of 2005, a total of $10.8 billion in goods were traded on eBay, and eBay International's net revenue hit $408.9 million. With a force this strong backing the industry, it's no wonder a growing number of franchisees are clicking the "Buy It Now" button.
eBay Consignment Stores
We predicted that eBay consignment stores--businesses that assist individuals by selling their merchandise on eBay--would grow last year. Well, they certainly delivered the goods. Some prime examples are iSold It and QuikDrop, both of which started franchising in 2003 and have already managed to rank in this year's Franchise 500®.
Offering a simple model that requires no inventory, along with the potential for great profits, franchisors are finding eager buyers. Meanwhile, franchisees don't have to worry about a lack of customers. "While there are 168 million people worldwide who are registered eBay users, there are a lot more who aren't," says Hani Durzy of eBay. "If these stores give people the opportunity to participate in the eBay marketplace, then we say 'great.' It's a win-win situation for everybody."
As for eBay, it's only growing bigger and better. According to Durzy, during the third quarter of 2005, a total of $10.8 billion in goods were traded on eBay, and eBay International's net revenue hit $408.9 million. With a force this strong backing the industry, it's no wonder a growing number of franchisees are clicking the "Buy It Now" button.
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