Buying an eBay internet franchise

by Krystena Petrakas


Interview with...

Mark Curtis-Wood
Age:
42
CV:
Sales, business coaching, ran another business
Franchise name:
Bidding Buzz
Sector:
Internet franchise
Location:
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When bought:
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Investment:
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Buying an eBay internet franchise

With over 16 million registered eBay users in the UK alone, Bidding Buzz delivers training to create a successful, automated eBay business.

The internet franchise gives franchisees the ability to market various eBay education programmes and participate in a company that makes over £27k a month.

Bidding Buzz franchisee Mark Curtis-Wood talks about how his venture is going.

BusinessWings: What did you do before you bought your own franchise?

Mark Curtis-Wood: I spent the last 20 years in sales, ran my own business and was also a business coach. I feel my background experience in business advice was an added bonus when looking for a franchise.

BW: How did you go about looking for the ideal franchise? How did you decide which industry to go into?

I feel it's important to find an opportunity that corresponds to your needs, not the other way around

 

MCW: Initially I looked around on the internet at a couple of different options to find the ideal opportunity, and I also looked in a few magazines. I found the whole process relatively easy and the resources were informative. I think for many prospective franchise buyers there are easy pathways when buying a franchise.

Bidding Buzz effectively helps people create a lifestyle income for themselves – we’re selling home study courses that guarantee people more time and money. I enjoy helping and communicating with people and this is an industry that incorporated this.

BW: What was your main requirement when buying a franchise?

MCW: I think for me, the key aspect when buying a franchise was to make sure I found a proven formula and one that worked. Also, having a structure to work in was really important to me.

BW: How long did you take to find your franchise opportunity? Was it easy to find a franchise within your price range?

MCW: It only took a short space of time, once I saw Bidding Buzz I realised that was the right franchise for me – I literally made up my mind in a few minutes.

Another great thing about the franchise was it matched my price range – I feel it’s important to find an opportunity that corresponds to your needs, not the other way around.

BW: What motivated you to buy a franchise?

MCW: I think my main motivation was ensuring I could get a quick return on my investment. When I looked at different franchise opportunities I wasn’t looking at how much I was investing, but how quickly I could get the return back – that was important to me. Bidding Buzz was a proven formula, I realised I could get a return on investment in months, rather then wait years.

BW: What is your day-to-day routine?

MCW: A daily routine for me is really flexible, because I spend most of the day just chatting to people. It’s feels good to actually get paid for just having conversations with people.

BW: Do you think this franchise fits in well with your lifestyle?

MCW: Well, Bidding Buzz is a lifestyle business so it fits in perfectly – it gives me the flexibility to be able to take the kids to school, for example, and I also have the opportunity to get really stuck into work.

Overall being a franchisee makes sense at this stage of my life – I’m 42 and feel that I’ve found a job that fits in with my lifestyle.

BW: What advice would you give to entrepreneurs interested in buying a franchise?

MCW: I’d say to anyone looking for a franchise, make sure it’s a proven formula. It’s also a good idea to check the actual owner is still involved in the business – this was critical for me, it helped me learn from people that were really familiar with the business.

About The Author

Krystena Petrakas 
Krystena Petrakas read English and American Literature at Manchester Metropolitan University and graduated in July 2009. She provided content for the university magazine throughout her student years, and now edits BusinessWings for Dynamis.
 
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