How to Become a Franchisee: Asking the Right Questions

woman leaning on tree, lake behind her thinking how to become a franchisee

Investing in a franchise offers you the flexibility that comes from being your own boss, alongside the support and name recognition of an established brand. Determining how to become a franchisee – someone who owns and operates a business using the model licenses by the franchisor – involves conducting research and asking the right questions. It is a major commitment, and you want to make sure it is the right path for you. 

Determine the Right Franchise Industry 

The first question to ask of yourself: What type of industry do I want to work in? 

Owning a business works best when you combine your professional career with your personal passions. For travel enthusiasts, a travel and tourism franchise is the best route when choosing what type of business to start. This business is the perfect fit for anyone who enjoys traveling as well as planning and organizing vacations for themselves and others.

What makes Dream Vacations the best travel agency franchise to own is the fact that you can work your business into your daily schedule. Owning a Dream Vacations Franchise means you choose when you work, where you work and how much you work. This might be part-time, full-time or somewhere in between. Since you’ll be operating a home-based travel agency, you can operate your business from anywhere in the world as long as you have an internet connection – at your home, your favorite coffee shop or even a beachfront resort. 

Determine the Right Level of Support

The second question to ask yourself: What level of support do I need?

Making the jump to franchise owner is an exciting step, and it comes with challenges to overcome and goals to set. Even the most passionate entrepreneurs need assistance when building their businesses. At Dream Vacations, we want to set you up for success, which is why your investment comes with support – tips, tools, tricks and encouraging words! 

Franchisees have access to our extensive library of promotional materials, their own website, an expert technical support team, a network of seasoned travel advisors to guide them and more. This support helps you achieve any goal you set for your business.   

Determine How Much You Want to Invest

The third question to ask yourself: How much can I afford?

Investing in your own franchise requires an upfront cost and is something you must consider. In this growing industry, travel agency startup costs vary. In 2022, Entrepreneur Magazine ranked Dream Vacations as a Top Low-Cost Franchise.

The initial investment to be a Dream Vacations Franchise can be as low as $3,500. Plus, we provide a wide range of discounts to offer select prospective owners unbeatable value when starting their business. This includes a 20% discount for active or retired first responders, medical professionals and educators. In addition, as a thank you for their service, we offer discounts to veterans and active-duty immediate family on their Dream Vacations investment. 

Establishing Trust with the Franchisor

The fourth question to ask yourself: Do I trust the franchisor?

This is a big one! You want to make sure the franchisor has a model that sets you up for success, and has your best interests at heart. Establishing trust can be easier when you know that other franchisees have similar life circumstances. For example, Dream Vacations is known as one of the best franchises for women. Whether you or your immediate family are an active-duty service member or if you’re a stay-at-home parent, Dream Vacations Franchise Owners experience the freedom and flexibility of being self-employed. At Dream Vacations, you’re in business for yourself – but never by yourself! You’ll have a growing network of enthusiastic travel entrepreneurs by your side.

The Next Step

The final question you ask yourself: Are you ready to take the next step? 

Once you’ve researched the different franchise opportunities in front of you, it’s time to move along in your journey to becoming a franchise owner!
Learning how to become a franchisee involves asking the right questions, but then, you’re ready to take action. To learn more about becoming a Dream Vacations Franchise Owner, fill out this form or give us a call at 800-892-3928.