Referral Institute vs Winmark Franchise Comparison

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

Start-Up Costs and Fees
 
Referral Institute Franchise
Winmark Franchise
Investment $21,300 - $25,800$100,000 - And Up
Franchise Fee $8,500 - $10,500N/A
Royalty Fee 15%-
Advertising Fee --
Year Founded 19992004
Year Franchised 2004-
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee 25% of then-current fee-


Business Experience Requirements
 
Referral Institute Franchise
Winmark Franchise
Experience --

Financing Options
 
Referral Institute Franchise
Winmark 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
 
Referral Institute Franchise
Winmark Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Referral Institute Franchise
Winmark Franchise
US Expansion --
Canada Expansion No-
International Expansion No-

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 Winmark

Online resource for FREE critical business information for small business owners, established vendor programs for business critical needs, and financing and leasing options for equipment.
For more than 30 years, Winmark has been at the forefront of the sustainability movement by guiding entrepreneurs interested in opening one of our retail resale brands: Plato’s Closet®, Once Upon A Child®, Play It Again Sports®, Music Go Round® or Style Encore®. We have made resale retail our business by selecting franchise partners that believe in the model of buying and selling locally sourced, quality used products that bring value to their communities.