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Updated RecentlyReferral Institute Franchise
Referral training, coaching, consulting
You've heard it before. To grow your business, it isn't necessarily what you know, but who you know that can make all the difference. You can have the best product or service out there, but if no one knows about it, you can't expect your business to grow on its own.
That's why it is so important for any business to develop and maintain a strong network of professionals who can help spread the word about its products or services, and refer new customers to the business.
At the Referral Institute, we provide the training and tools to help business professionals gain financial success through relationship-based referral marketing. Our Referrals for Life� program is not a numbers game � it is not about spending hours making cold calls, collecting business cards, or developing a huge database of prospective customers. We don't want you to work harder to gain new business�we want you to learn how to work smarter. With the Referrals for Life program, business referrals do not happen by accident. They result from implementing, and then consistently monitoring, a well-organized referral marketing plan.
The Referral Institute is an international franchised referral training and consulting company with locations in Australia, Canada, Germany, Ireland, New Zealand, the United Kingdom, Norway, Finland, Denmark, Sweden, France, the Middle East and the United States. At The Referral Institute, we'll teach you how to make all your business relationships become more valuable to you and your business. As a result, you'll not only enjoy an increased quality of life because your business is flourishing, but you will also gain lifelong relationships: Referrals for Life.
If you are a motivated business professional serious about moving your business to the next level, don't wait to contact The Referral Institute headquarters near you.
It's time to give yourself permission to build your days around what's important to you! You're in Control!
For more information, complete our FREE FRANCHISE ADVICE form!
How much does it cost to open a Referral Institute Franchise?
The investment required to open a Referral Institute Franchise is between $21,300-$25,800. There is an initial franchise fee of $8,500-$10,500 which grants you the license to run a business under the Referral Institute name.
Individual Unit Costs
- Initial Investment:
$21,300-$25,800 - Initial Franchise Fee:
$8,500-$10,500 - Royalty Fee:
15% - Advertising Fee:
N/A - Term of Agreement:
5 years - Renewal Fee:
25% of then-current fee
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Referral Institute News & Press Releases
When did Referral Institute start Franchising? 2004
| Year | U.S.A. | Canada | International | Corporate |
|---|---|---|---|---|
| 2006 | 32 | 0 | 3 | 2 |
| 2005 | 24 | 0 | 2 | 3 |
| 2004 | 9 | 0 | 0 | 3 |
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | No | No |
| Startup Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Your income potential as a Referral Institute Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. Each month your operating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.
Legal Disclaimer: This information is not a franchise offering for Referral Institute and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Referral Institute franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
Referral Institute
Referral Institute LLC
151 Virginia Ave
Attleboro Falls,
MA
02763