Just about every entrepreneur will want to be confident in their business venture’s likelihood for success before investing the necessary time, finances, and other resources needed to get started. While there is plenty of opportunity in many markets, those who launch a B2B franchise in a growing sector like the mobile tools industry are experiencing positive results in recent times. Focusing on selling to other businesses typically provides these entrepreneurs with a better opportunity to realize a strong return on their investment.
While operating a B2B franchise can certainly be a lucrative opportunity, entrepreneurs should choose the franchisor they partner with carefully. Not every brand is going to offer a franchise investment with the same amount of potential, particularly in the mobile tools industry. At Cornwell Quality Tools, we structure our franchise opportunities so that every person who signs on with us to become a licensed Cornwell dealer has the best chance to get the most possible out of their new business venture. With over a century of experience as a leader among mobile tools companies, Cornwell has a decorated history and an experience level that can inspire confidence in the franchisees and companies we do business with.
Why Use the B2B Franchise Model
For some entrepreneurs, running a business that primarily sells to other businesses can present opportunities they have yet to experience. Selling to individual consumers can be rewarding, but there is a comparatively smaller chance they will return to do business with that business again for a variety of reasons. They may not live in the same area as the business, and perhaps only chose the business for a one-off purchase, or did so only to cover an emergency need. Whatever the reason, building a loyal consumer base can prove more difficult than one might assume.
By selling exclusively to other businesses, an entrepreneur has a better chance of finding a more viable source of recurring revenue – particularly with companies that operate in the same territory. A franchise that operates this way can generate tangible results for their customers’ businesses, leading to more authentic testimonials and a boost in the franchise’s reputation.
Selling to other businesses can also make life easier for a franchise owner, especially from an operations management perspective. Companies typically have more predictable hours to conduct business with and are more likely to make bulk purchases. Businesses also often become more familiar with franchises they regularly do business with, making them more likely to appreciate a brand’s reputation and quality of service or product. Further, regardless of the industry they now operate in, franchise owners can often utilize the business skills they built in prior roles more effectively when selling to other businesses over consumers.
What Makes Cornwell a Mobile Tools Leader
When it comes to building a franchise opportunity in the mobile tools industry, Cornwell Quality Tools is committed to offering one that will present few roadblocks in attracting other businesses as customers. This starts with the high standard that we maintain for our product quality. Each of our tools is crafted and produced in our Ohio-based factories, which provides a level of authenticity that few other franchisors can match. As a result, those in search of tools and equipment to help run their businesses as effectively as possible know that they can schedule a visit from their local Cornwell dealer and gain easy access to our industry-leading products.
A Cornwell Quality Tools franchise differs from other mobile tools businesses for more than just our products. Our training and support programs are designed to familiarize Cornwell dealers with everything they need to know about the rapidly innovating mobile tools industry. Many of our licensed dealers come from all sorts of different backgrounds but still feel comfortable taking on the responsibility of managing their own mobile tools franchise after completing our training. The training covers not only the mobile tools industry as a whole, but also best practices for selling to other businesses and the key operational duties these entrepreneurs will have to manage as Cornwell dealers.
Even after completing the training and opening for business, our dealers can expect the Cornwell team will stay in regular contact with them to offer the support they need. This includes access to a dedicated and experienced District Manager who can help dealers overcome most challenges they might encounter. We also regularly host events and gatherings where dealers can connect with their District Manager, share updates on their franchise business, and network with other Cornwell dealers to learn from each other’s experiences.
The growth potential that comes with starting a B2B franchise is often only as strong as the partnership between franchisor and franchisee. With the backing of a respected brand like Cornwell Quality Tools, entrepreneurs can feel confident in building a solid customer base of businesses in search of a mobile tools franchise.
Ask about our Cornwell B2B franchise and how we’ll help you make the most of your investment today!