Franchise Development Benchmarking

Franchise Prospects Report Improving Contact Attempt Rates In Recent Months

November 26, 2024 – Initial contact attempts by franchisors to inquiring prospects rose substantially over the last six months  as reported by the latest FranchiseInsights.com “mystery shopping” surveys from June to November 2024.  In November 2024, over 60% respondents reported that they were contacted by all of the franchises they inquired about.

With Lots of Options to Choose From, How Do Prospects Find Your Franchise Brand?

August 28, 2024 — Only about seven percent of aspiring franchise owners are already “very familiar” with the franchises they inquire about on franchise portals, and another 19% are “already somewhat familiar” with them, according to recent surveys of interested franchise seekers on the FranchiseVentures lead generation platform in July 2024.

Two Strong Months of Prospect Contact Attempt Rates Precede a Dip in June

July 17, 2024 – After two successive months of higher prospect initial contact attempts, rates dipped  as reported by the latest FranchiseInsights.com “mystery shopping” survey in June 2024.  More than half of respondents say they were contacted by all of the franchises they inquired about in April and May, at 50% and 57.1% in April and May, respectively. 

Do You Know Where Lead Referrals to Your Franchise Development Website Are Coming From?

May 29, 2024 — Cost per lead is often a key decision factor when evaluating franchise directory websites (portals), assuming quality standards are met. But leads submitted at franchise  directory websites also result in substantial referral visits to franchisor websites, in addition to being a significant source of leads submitted at development websites…

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