Franchising for a brand of fire safety products is a lucrative small business venture these days. Especially, in areas where there is plenty of residential and commercial building s around. In an emerging economy like India, there are plenty of opportunities to establish a loyal customer base and make money through services like recharging fire extinguishers. The market for fire safety products is quite large and the competition is not that stiff. All these factors together make fire safety products a profitable option for franchise business India.
One may ask, what are the unique benefits of franchising for a brand of fire safety products? To start with, selling fire extinguishers can help you to build a noble corporate image. You are actually helping people to keep their family and property safe while building up a profitable business for yourself. There cannot be any denial of the fact that everyone needs a fire extinguisher. This gives you an opportunity to narrow down your market and conveniently build a niche. What makes it stand out as the most comprehensive franchise opportunities in India or you can say, a model of the franchise business India is its universal appeal.
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It is easy to become legal
Making money from fire extinguishers is quite easy. You need to get them at low cost and sell them at a higher price for making a profit. All you need to do is obtain an EIN number, which you can get from the IRS for free. This will prove that you are commercial entity making you eligible to stock fire safety products directly from the manufacturer. Prior to making an investment in fire safety products, make sure to check the federal and state-specific laws. These days you may need a certification for selling fire safety equipment.
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You can select multiple target market
You can target multiple markets for your fire extinguishers. The best way out is to focus on one or two markets and builds a brand for your company. It is better to deter your financial reserves from spreading too thin. Since competition in this industry is relatively less you will have time to conduct a proper market research to find out where your products best fit. If you wish to become the industry stalwart then you can target the market of commercial buildings, residential apartments, manufacturers, boaters, restaurants, cafes, or automotive service shops. Moreover, new commercial construction projects like hospitality industry is a potential market too.
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You can flaunt a wide product line
In contemporary times, fire safety is not just about fire extinguishers. These days smoke detectors, fire alarm systems, sprinklers, fire blankets, hosepipes are all integral part of a fire safety package. If you exclusively consider fire extinguishers, even then you will have the opportunity to stock different variants capable of dealing with different kinds of fires. By types of fire, we mean the source from which it originates. Right from common combustible materials, to flammable liquids and gases, electrical equipment, and hardcore metals you can stock specific fire extinguishers capable of dealing with fires arising from these sources. Hence, you get to target, wide range of industries and domestic households as your market.
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You can promote your business easily
Instead of depending on electronic and print media you can simply add a label to your fire safety products that will be having your company name, logo, contact information so that people know exactly whom to call when in sheer need. All you need to do is create a sales sheet and order form that will give a compact description of the fire safety products that you will sell. Include photos and descriptions of each one along with the cost and class. With these, you can confidently make sales call and send them to prospective customers.
With these products around, it gives you enough rationale to get them displayed on your business website and enhance your market outreach. Further, you can easily make it clear to the target market about the products that you deal with.