![]() |
You are signed in as guest Sign in now Logout |
![]() |
Plain Talk
|
||||
|
Unlocking Your Franchise’s Full Potential: The Power of Science and Analytics
From The Buxton Co Are you a franchisor looking to take your business to the next level? You already know that growth is crucial to your success, but how do you make sure it's sustainable? The answer lies in the power of science and analytics. At the heart of franchising is data. It's the key to making informed decisions about everything from where to locate your franchises to who to recruit as franchisees. By harnessing the power of science and analytics, you can collect and analyze this data to make smarter, more strategic decisions.
Make Informed Decisions The Buxton platform is comprised of essential data like competitive traffic, cotenant behavior and household psychographics. Once you've selected a location to grow your brand, you can use our data to optimize your operations. Transaction data can help you identify your most popular products and services, allowing you to tailor your offerings to the needs of your customers. Maybe your ideal customer base responds well to promotional mail or BOGO coupons delivered via text message. With data, you can fine‑tune your pricing and marketing strategies to ensure that you're reaching the right customers with the right message at the right time, using the right vehicle.
Avoid Risk Recruiting the right franchisees is another area where data and analytics are essential. By analyzing success rates, you can identify the traits and characteristics that are most likely to contribute to success as a franchisee. This allows you to target the right candidates and ensure that you're selecting franchisees who will help your business grow.
Measure Success At Buxton, we specialize in helping franchisors leverage the power of science and analytics to drive growth and manage risk. Whether you're just starting out or looking to take your franchise to new heights, we can help you achieve your goals. Contact us today to learn more about how we can help you harness the power of data and analytics to unlock your franchise's full potential.
If you have an opinion on the retailing or retail real estate industries, take this opportunity to share your thoughts. Articles should run between 400 and 800 words. Topics can, be general in nature, consumer observation or specific to retail concepts or practices. Articles will be posted for at least one week and will then be placed in the Editorial Archives. All articles submitted will be read and considered but we cannot guarantee publication. Each published article will carry the submitters byline (if desired) and is a free service to our community. Article ideas and suggestions are also always welcomed. Contact PVS@PlainVanillaShell.com
|