The telecommunications industry in the U.S. grew considerably in the first half of 2016. According to a report from NASDAQ, the average stock price of four major national wireless carriers went up almost 22 percent. Given the high growth potential, some individuals have thought of riding on the success of the industry by owning a telecom IT franchise. Apart from the industry’s good trajectory, there are other excellent reasons to start operating your very own telecommunications franchise.
Telecoms businesses are attractive these days due to their ability to provide recurrent earnings. When customers sign up with a telecom business, they will pay for the services on a monthly basis, usually over a 12, 24, or 36-month contract. It means that collecting a regular income just by selling to one customer is possible. It will be great to see your recurring revenue stack up when you increase the number of customers signing up under you per month.
Physical Store Not Required
Unlike other types of businesses, you don’t need a storefront to operate your telecoms franchise. You order the service directly from the supplier and “deliver” it straight to the client. Great news for you, as you don’t have to shell out cash to purchase or rent space. You can use the money you save for expanding your business.
Effectively Manage Your Work-Life Balance
Since there’s no need to have a physical space to operate your telecom business, you can work from home or wherever you want for as long as you have a good internet connection. Doing so translates to greater control over your work-life balance. Having better control means you can work the hours that suit your lifestyle, spend more time with your loved ones, and never have to commute to your work regularly.
Having your own telecom franchise is indeed appealing as you get to enjoy recurring income, the freedom to work anywhere, and better control of both your work and personal life. Even if you don’t have any previous experience, you’ll still be able to own and run a telecom franchise through proper training and support.