How to Generate Passive Income Through Franchise Investing?

Money is never going to be as cheap as it is now.

That may sound like an oxymoron, but with the upward trend of rising interest rates coupled with heightened inflation, the cost of money has never been more expensive. Your dollar just doesn’t go as far as it once did – I mean, have you seen the price of eggs recently?

The impact of inflation is not going away anytime soon. The increased cost of living and mass industry layoffs have left many professionals looking for additional opportunities to supplement their current income. These business-savvy professionals, however, may not be so eager to give up their day job or may have other business endeavors that take up a substantial amount of time. This has resulted in an increased search for passive income opportunities.

In finance, passive income describes money from a one-time investment that continues to generate income flows without requiring the investor to monitor or regularly invest additional funds. Some traditional forms of passive income include a diversified stock portfolio and real estate, where your money tends to work for you over time.

Franchise investments, however, have the opportunity to achieve widespread wealth with a proven set of systems and processes and limited risk. Typical business ownership involves heavy operations and long hours. Depending on the model, there are franchise opportunities that are absentee or semi-absentee, which allows flexibility in how much the franchise owner is involved operationally. Investing in a low-maintenance or semi-absentee franchise provides the opportunity to run a successful, lucrative business without giving up your day job.

Phenix Salon Suites utilizes the semi-absentee model, so our franchisees don’t have to run the day-to-day operations with most of the work done remotely and one part-time employee. Essentially our franchisees are property managers, and the salon suites are rental spaces for independent lifestyle professionals who set their own business hours. In fact, many of our franchise owners have other jobs or manage multiple properties.

To learn more about our passive income opportunity, click here to fill out our inquiry form and connect with our franchise development team.