There are so many business models that it is tough to decide which one is better (or which one is the worst decision you can make).
Therefore, don’t worry. It’s natural to feel overwhelmed when you’re looking for options and trying to determine what you want, need, and can afford. But here’s our recommendation: focus on a franchise in a field you might like.
Visiting Angels Franchise is one of the best investments out there that won’t take you too long to get revenue from since it’s all about the company’s reputation and the independence you’ll obtain by having one of its franchisees.
However, just like any other franchise, it requires money, time, and effort. Do you have what it takes? Is it perfect for you? Let’s find out the details and help you determine if this is a suitable business model for you.
Visiting Angels – USA’s Most Popular Franchise?
Before getting ahead of ourselves, you must know there are many franchises in the USA and the world that bring opportunities for those in the country.
In the case of Visiting Angels, the company was founded in 1998. But from where did the idea come?
Jeffrey Johnson was the Director of Social Work at a nursing home in Baltimore.
While fulfilling his role, he realized how people treated the residents of this nursing home and the very few resources available for them.
The residents weren’t adequately cared for, and many of the workers in the place didn’t care about most of them beyond the simple fact of helping them with basic needs (and sometimes, they didn’t even do this).
In addition to this, there weren’t many options in the area for those in need of a nursing home.
Johnson was worried by the situation and, fortunately, he met Jarry Meigs in 1998, a Franchise Developer looking to launch Visiting Angels with the vision of a national franchisor.
Together, they were able to make it possible and made sure to focus on care first; profits come later.
The company is franchising since it was founded. Due to the service and care, it has been offering to older adults and veterans and those who need it, Visiting Angels became successful in no time.
The company’s storyline is hard to provide, but we can guarantee you that its reputation has gone uphill over the last decades only, and it deserves it.
But where does this leave us in terms of becoming and franchisee? Is it a good option by the end of the day or really popular in the USA?
This franchise business is one of the best in the country and with over 600 locations to this date. So, before we focus on it as an opportunity for you, keep these details in mind.
What Services Do Visiting Angels Offer?
The company’s whole purpose is to offer personal-care services and make sure people can have fewer difficulties due to their age or special conditions.
Therefore, all the services are around it, and you can expect the franchises to provide:
- In-home assistance services, such as help with bathing and dressing.
- Meal preparation
- Assistance to clients with daily life tasks like cooking dinner or making phone calls.
- Caregivers can provide services between specific hours or according to your schedule.
- Hourly, overnight, and 24-hour care.
- Hygiene and laundry assistance.
- Running errands, medication reminders, companionship, respite care, and much more.
If you decide to invest in the franchise option and have your own, you’ll need to offer each of these services.
Making Money as A Franchisee
We believe Visiting Angels Franchise is a great business alternative for the records, especially for those who don’t want to start from zero.
However, it isn’t that simple to get started.
First, you need to make sure you are willing to work in this field since personal care can be time-consuming, and although you’re supposed to have a team, you never know what you might end up doing to keep the business running.
On the other hand, can you afford this investment? We all think about making money, but we don’t really stop to realize and determine if it is possible to bring the idea to life.
What we’re trying to say is: you must know the requirements and qualifications.
Any person who wants to become a franchise owner needs:
- $60.000 in cash. This is the initial expense but doesn’t include the total investment. However, this fee can increase depending on factors like location and required tools.
- $5.000 of insurances deposits.
- Worker’s Comp Insurance Deposits: $9.500.
- Expenses like printings, supplies, local Ads, computers, and logistics must also be paid during the initial investment.
Overall, you can easily spend between $123k to $160k in this business model, and this alone makes you think: “can I really afford it?”
Don’t be ashamed of saying “no” if you notice this is something that exceeds what you can do.
But this isn’t the obstacle for you, then continue with the idea.
Once you pay the initial fees, the company should provide you with training and support, access to the franchise system, grant a territory, assistance with financial details and leadership, and many other elements and components.
Training is crucial in this franchise and ensuring reliable workers will guarantee success for you.
That being said, it may take a while to establish the local franchise in your area since an establishment must be prepared, you have to complete all training and programs, and make sure your future caregivers meet the standards.
However, once you are all set and offering services, making over $800k per year won’t be difficult.
On average, expect to launch the franchise in 1 or 6 months, depending on your situation and specific preparations required.
Visiting Angels Franchise: Best or Worst Decision?
We want to make this clear: every business model comes with pros and cons.
Nothing is perfect, which is why the final decision will depend a lot on what you can handle or not and if the alternative is suitable according to your standards.
This is why we CANNOT decide for you but can help you in the process with the previous info and give you the details. You must keep in mind:
Pros:
- Starting from zero isn’t required. You pay for owning a franchise, and the company gets you started.
- They assign you a territory, which usually guarantees your success locally.
- Materials and equipment are provided.
- Training, support, access to the community, and services are available for you.
- The exclusive right to use the company’s name and offer its services.
Cons:
- It isn’t cheap. You have to spend over $130k in order to start the business.
- It isn’t an online business model, which brings a disadvantage: working outdoors.
- Launching the franchise can take over four months.
- If you decide to invest, your money won’t be returned 99% of the time.
- The franchise focuses on a high-demand yet challenging field.
Then, What Should You Do?
As we said, we can’t make this decision for you.
However, if you ask for our opinion, we believe Visiting Angels Franchise is quite expensive, and we don’t consider this amount of money to be necessary to start a business.
We have come to a long journey, and something is for sure: some businesses require less investment.
We don’t want to compare franchises, but some require a less initial investment and can be launched faster.
Now, are they as profitable as Visiting Angels? Probably not.
The thing about this franchising option is that IT IS profitable, and you should be able to earn thousands every year without any issues.
But if you don’t know what you will do, if you have a difficult time trying to handle it or believe it isn’t something you want to invest your time, just quit the idea and instead, bet on what we consider the best business model nowadays: digital real estate.
It sounds funny to call it this way, but the model works quite similar to the traditional real estate you’re used to, but, in this case, you will be selling/renting websites.
How Much Can You Earn? Is It Simple?
To begin with, digital real estate gives you the chance to quit your job totally or, at least, stop working in 5 different places at the same time.
Warning: you won’t become rich in ten days or anything like that, but working in a traditional place or being an employee for someone else won’t be required.
Besides, you can consider this digital real estate option more than just a business model alone. If you decide to invest in Visiting Angels, you’ll need it as well.
But what is it all about?
You basically act as a conduit to small businesses in order for them to grow by creating or building websites where you’ll offer their services.
The goal is to bring leads or just organic traffic for those businesses to gain clients. In this process, you earn a commission thanks to the clients they’re obtaining.
But what does this have to do with real estate? Just the concept of basically renting these websites since they’re not the owners but rather you.
It’s simple, and your income will be passive since it’s unnecessary to look after the websites after being built and ranked.
Based on the industry, a fair price per lead is between 10-20%, which means this is the percentage you can earn every time the company gets a client.
This means that you should have at least $1.000 per month in assets after the web is ranked correctly and generating leads.
To start in the business, we highly recommend this training program that takes making money online to another level.
You will be guided appropriately, and nothing will be missed.
Learn the importance of keywords and website names, send calls notifications via email, backlinking, and other details.
You can make passive income from digital real estate while most of your time is spent having fun.
But what if you decide to go for the franchise we were talking about earlier? Then, you can use the opportunity to bring your OWN leads without paying someone else.
Check this out to find out more!
Here’s Our #1 Recommended Online Business Model:
Interested in starting an online business to build passive income? Check out the local lead gen business model. Click here to learn more.
