How to Open a Vacation Rental Franchise — Don’t Let These 3 Common Myths Keep You from Doing So!
If you’re wondering about how to open a vacation rental franchise, you should know that doing so with the iTrip brand is a straightforward process that’ll have you capitalizing on our robust industry quickly and efficiently. The franchise model, in general, is a more streamlined way of getting into and doing business — so much so that today, there are over 750,000 franchise establishments in the United States. Three-quarters of a million franchises speak to the effectiveness of the model and the many benefits it offers. Unfortunately, however, there are also numerous myths surrounding franchised businesses that may keep you from delving deeper into how to open a vacation rental franchise. Let’s bust three of them right here!
1. It’s Too Risky
Starting any small business carries with it a certain amount of risk. But franchises are statistically less risky endeavors because of all the work the franchisor has already invested in it. Kinks have been worked out, best practices have been put in place, and the business model acts as a sort of roadmap for franchisees to follow.
Of course, no brand can guarantee a franchisee’s ultimate success. But when you partner with a name like iTrip to navigate the ins and outs of how to open a vacation rental franchise, you’re capitalizing on our comprehensive experience and our deep knowledge of the industry. Having access to our expertise and resources takes a lot of the work and worry out of starting your franchise, freeing you up to focus on what matters most — growth!
2. You Won’t Have Freedom
A common myth about the franchisor/franchisee relationship is that the former won’t allow the latter the freedom to run things on their own. Actually, nothing could be further from the truth. While all franchise brands do have specific guidelines and procedures that franchisees must follow (it’s what takes so much of the guesswork out of running your business), the fact is, our business model allows for a lot of individuality. You’ll spend time networking within your community, identifying properties to manage, creating unique marketing initiatives, and much more.
The fact is when it comes to how to open a vacation rental franchise with iTrip, allowing our franchisees to make important decisions on their own and run their businesses with minimal interference (but with our ongoing support!) contributes to our brand’s overall success.
3. You Need Industry Experience
Requiring investors to have a background in a brand’s industry is a common misconception and one that iTrip addresses head-on! When you partner with us, you don’t need experience in our industry; our comprehensive pre-opening training and ongoing support not only prepare you to leverage it to the fullest but will keep you on track toward success.
Some of the resources you’ll enjoy when opening your iTrip franchise include:
- A pre-opening training program that goes over just about everything you need to know to operate smoothly
- Our proprietary software and web hosting program
- Access to our operations manual that contains important information about procedures, standards, and best practices
- Webinars, live training calls, and an assigned Franchisee Trainer for the first year of business
- Our robust marketing support, including social media exposure, email campaigns, and newsletters
- And much more!
The fact is, franchised businesses are some of the most beloved and successful in the country, with thousands of them opening every year. They can represent a terrific opportunity to be in business for yourself but not by yourself — especially when you partner with a brand like iTrip!
To find out more about how to open a vacation rental franchise with iTrip, get in touch today!