The balance in potential business income is easy to understand, but hard to nail. If you provide a service that only requires one visit per customer or one visit every few years, you need to charge a rather high price just to keep yourself out of the unemployment line. But if you have a service or product that customers will constantly want or need, you can charge low because you know they will be back the next day or the next week.
The best franchise opportunities to get into are the ones that can possibly serve each customer every day. Fast food vendors top the lists every time. Subway, McDonalds and the like actually have repeat customers on a daily basis. Janitorial services are also rather regular repeat business transactions. An office might require your services once a week and you might have ten offices a week. My art workshops are great for regular repeat business because my students come back weekly for a workshop and they go from workshop to workshop. This provides me with the chance of getting to know them on a more personal level.
Construction and real estate top the lists for one stop customers. A big time tycoon might need more than one house a year. But, the individual home owner might average a house per every seven years. Construction and real estate are great businesses to be in when the market is good, but you will rarely work with the same customer on a monthly or even yearly basis. Tax consultation is another great business to be in, but you will only work with your customers once a year. These types of businesses can be very lucrative if you position yourself in the right place at the right time and are on top of your game.
So, when you are looking for that perfect entrepreneurial opportunity, I suggest you narrow your search down to the type of business that pulls customers back in your doors more regularly. Low overhead, minimum inventory business opportunities get you into business with little start up capital. And there are great opportunities in place that meet that criterion.
What is actually required to start an art workshop center? You need a location. I’ve seen plenty of art workshops run out of the home until enough money was generated to move the location. Actually, it helped promote and attract my students. Starting one in your home is a more welcome atmosphere to get to know your initial students. Plus, they feel more at ease about taking your workshop.
Students can easily be required to bring their own art supplies unless you actually want to add a small supply shop so that students have supplies readily available to them just in case they need something during the workshop. You can also add bonus supplies that come with signup to any of your workshops. It’s easy to cover if you just add the cost to tuition. You can get the supplies fairly cheap when you order in bulk and you can require students to pay in advance so that you are not coming out of pocket for anything.
Now, all you need are the students. My art workshop franchise has everything in place for you to get started from marketing to training. It’s a step by step process that comes with constant support. I’ve even personally walked several of my students through the process of starting their own workshop. But, we have so many more resources in place since those beginning days.
Related Articles
The Art Business: a Great Opportunity
By: RivkyShimon | 20/01/2007 | Business
Searching legitimate business opportunities, you'll find a few signs along the way. Bad business deals. Good business deals. There are things to look for and you should know about them.
The Perfect Franchise Opportunity: the Factors of the Art Workshop
By: RivkyShimon | 22/01/2007 | Business
Every year, you can expect lists to come out about everything. This year’s top 10 lists include some of the most enlightening revelations about business and the direction business is going. In a recent report, fast food, janitorial services and delivery services seem to be the peak of 2006. How does Rivky’s Art Workshop stand up to those?
High Transaction Value: the Cost of Time and Effort
By: RivkyShimon | 23/01/2007 | Business Opportunities
High transaction value is maximizing your income potential through time and effort. Work hard get paid less does not compare to little effort, high income potential. Learn how to make it happen for yourself!
Low Overhead Business: Big Business Low Cost
By: RivkyShimon | 30/01/2007 | Entrepreneurship
The hardest part about getting into business is the startup capital that you need. Most businesses require a high initial investment that keeps many starting entrepreneurs from being able to get into business in the first place. But, the truly ingenious business ideas are the ones that allow for low startup costs and high potential income.
Bringing Life to your Workshops: Avoiding the Grave Mistake
By: RivkyShimon | 31/01/2007 | Entrepreneurship
You can't just wing a workshop. There are some strategies that make for a sure fire preparation for your workshop. Don't flop and lose your business.
Art Entrepreneurship: Showing you Care
By: RivkyShimon | 29/12/2006 | Business
Art entrepreneurship is a lucrative business proposition for the artist and the business person. But, where do you take it? Where can it go? The wave of the future is in art workshop centers and you can take it virtually anywhere.
The Art of Art Workshops: Growing your Business
By: RivkyShimon | 03/01/2007 | Business
Artists and entrepreneurs alike can enjoy the benefits of running an art workshop center. Artists have to learn the business side of running an art workshop center and they have to stay on top of its demands. Entrepreneurs already understand the business side and only need to invite a good artist to partner and attract students. Either way, you have to maintain focus on your goals and review them from time to time.
Art for Baby Boomers: Business and Pastime
By: RivkyShimon | 27/12/2006 | Business
Lucrative and fun, art workshop centers are the answer to baby boomers who are approaching retirement. Mainly, they’ll look for an enjoying pastime that can turn a hobby into a supplemental income. In comes the art workshop center as the answer.
More from RivkyShimon
Workshop Scripts: Developing the Art of Public Speaking
By: RivkyShimon | 02/02/2007 | Presentation
Often the more energetic and inviting speaker will attract the audience, not necessarily the person who actually has all the answers. Get the scoop on how to transform your informational workshop into something also interesting.
Bringing Life to your Workshops: Avoiding the Grave Mistake
By: RivkyShimon | 31/01/2007 | Entrepreneurship
You can't just wing a workshop. There are some strategies that make for a sure fire preparation for your workshop. Don't flop and lose your business.
Low Overhead Business: Big Business Low Cost
By: RivkyShimon | 30/01/2007 | Entrepreneurship
The hardest part about getting into business is the startup capital that you need. Most businesses require a high initial investment that keeps many starting entrepreneurs from being able to get into business in the first place. But, the truly ingenious business ideas are the ones that allow for low startup costs and high potential income.
High Transaction Value: the Cost of Time and Effort
By: RivkyShimon | 23/01/2007 | Business Opportunities
High transaction value is maximizing your income potential through time and effort. Work hard get paid less does not compare to little effort, high income potential. Learn how to make it happen for yourself!
The Perfect Franchise Opportunity: the Factors of the Art Workshop
By: RivkyShimon | 22/01/2007 | Business
Every year, you can expect lists to come out about everything. This year’s top 10 lists include some of the most enlightening revelations about business and the direction business is going. In a recent report, fast food, janitorial services and delivery services seem to be the peak of 2006. How does Rivky’s Art Workshop stand up to those?
The Art Business: a Great Opportunity
By: RivkyShimon | 20/01/2007 | Business
Searching legitimate business opportunities, you'll find a few signs along the way. Bad business deals. Good business deals. There are things to look for and you should know about them.
Personal Revelations: the Magic of Art
By: RivkyShimon | 16/01/2007 | Health
To discover more about yourself, pick up a brush and visit your nearest canvas. Some people choose therapy. Some people roam the world trying to find their “self.” But, using art to work through self exploration is much more effective.
Building Self-esteem: the Magic of Art
By: RivkyShimon | 15/01/2007 | Art and Entertainment
The most phenomenal aspect of art is how it builds character. In more ways than one, it can actually help you know more about yourself and it can help you feel better about yourself as well. It is not widely discussed or even widely known, but art actually builds great self-esteem.
Business 
