LMI vs Referral Institute Franchise Comparison

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

Start-Up Costs and Fees

 
LMI Franchise
Referral Institute Franchise
Investment $20,000 - $27,500$21,300 - $25,800
Franchise Fee $15,000$8,500 - $10,500
Royalty Fee 6%15%
Advertising Fee --
Year Founded 19801999
Year Franchised 19982004
Term Of Agreement -5 years
Term Of Agreement -5 years
Renewal Fee -25% of then-current fee


Business Experience Requirements

 
LMI Franchise
Referral Institute Franchise
Experience --

Financing Options

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

Training & Support

 
LMI Franchise
Referral Institute Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
LMI Franchise
Referral Institute Franchise
US Expansion --
Canada Expansion NoNo
International Expansion NoNo

Company Overviews

About LMI

LMI Canada is a leading personal, organizational and management development company with affiliate organizations around the world. We provide a PROVEN process that MEASURABLY increases performance and results in organizations. This typically guarantees a 10 times return on investment to clients in results measured through implementation of our processes that encompass leadership, management, productivity, communication, sales & assessments that deliver permanent attitude and behaviour changes.

Becoming an LMI franchisee offers a number of benefits: Low start-up costs, a proven people development system, time-tested products, no territorial boundaries and a support structure that is second to none. There are no royalties or franchise fees after the licensee fee is paid. Licensees must order product from the Canadian Head office, which takes on the currency, shipping, inventory, and customs risks so that the licensee can just focus on selling and servicing his/her clients.

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#189 in Franchise 500 for 2020.

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.