Referral Institute vs Expense Reduction Analysts Franchise Comparison

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

Start-Up Costs and Fees

 
Referral Institute Franchise
Expense Reduction Analysts Franchise
Investment $21,300 - $25,800$66,000 - $85,900
Franchise Fee $8,500 - $10,500$59,900
Royalty Fee 15%15%
Advertising Fee -3%
Year Founded 19991992
Year Franchised 20041992
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee 25% of then-current fee$5000


Business Experience Requirements

 
Referral Institute Franchise
Expense Reduction Analysts Franchise
Experience --

Financing Options

 
Referral Institute Franchise
Expense Reduction Analysts Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/NoNo/Yes
Start-up Costs No/NoNo/Yes
Equipment No/NoNo/No
Inventory No/NoNo/No
Receivables No/NoNo/No
Payroll No/NoNo/No

Training & Support

 
Referral Institute Franchise
Expense Reduction Analysts Franchise
Training - On-The-Job Training: Ongoing Classroom Training: 70 hours
Support -Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing -Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations --

Expansion Plans

 
Referral Institute Franchise
Expense Reduction Analysts Franchise
US Expansion -Yes
Canada Expansion NoNo
International Expansion NoYes

Company Overviews

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.

About Expense Reduction Analysts

Join Expense Reduction Analysts and become a fully trained procurement consultant with the ability to win business and deliver huge savings to your clients. As the UK and Ireland's leading Cost, Purchase and Supplier Management franchised consultancy, Expense Reduction Analysts offers you an exciting low risk business opportunity to grow a successful consulting practice, which can simultaneously meet your income goals and deliver the work life balance you desire. With cost reduction being the number one issue facing both the public and private sectors, there has never been a better time to take the step into self-employment and invest in your own ability. Your skills and ambition, combined with Expense Reduction Analysts' knowledge, tools, training and support brought together in our dynamic business structure, can provide you with the formula for success that you are looking for.

Veteran Incentives  $5,000 off franchise fee