Inner Circle vs Referral Institute Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Inner Circle vs Referral Institute including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Inner Circle Franchise
Referral Institute Franchise
Investment $21,150 - $34,400$21,300 - $25,800
Franchise Fee $14,900$8,500 - $10,500
Royalty Fee 15%15%
Advertising Fee --
Year Founded 19851999
Year Franchised 19972004
Term Of Agreement 20 years5 years
Term Of Agreement 20 years5 years
Renewal Fee Then current fee25% of then-current fee


Business Experience Requirements

 
Inner Circle Franchise
Referral Institute Franchise
Experience
  • General business experience
  • -

    Financing Options

     
    Inner Circle Franchise
    Referral Institute Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment No/NoNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

     
    Inner Circle Franchise
    Referral Institute Franchise
    Training Annual symposium & monthly conference calls-
    Support Newsletter, Meetings, Internet-
    Marketing National media-
    Operations Franchise can be run from home.

    Number of employees needed to run franchised unit: 1

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    -

    Expansion Plans

     
    Inner Circle Franchise
    Referral Institute Franchise
    US Expansion --
    Canada Expansion NoNo
    International Expansion YesNo

    Company Overviews

    About Inner Circle

    Inner Circle is a peer advisory group exclusively for CEO's and business owners of small to medium sized companies. Each peer group serves as an advisory board/advisory council that acts as an interactive think tank, a place where entrepreneurs come to challenge one another and be challenged. By tapping into the wisdom and objectivity of the Circle's business advisory board, members find they are able to overcome obstacles faster and with greater confidence due to the business coaching and small business advice they receive from their own personal peer advisory board.

    About Referral Institute

    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.