Network In Action Franchise Cost
The following costs are excerpted from Network In Action’s Franchise Disclosure Document (FDD) and are estimated. Each Network In Action franchisee has the right to initially develop three groups for the franchise fee of $35,000.
The financial requirement to operate A Network In Action franchise in the United States:
- Investment Range: $35,710 - $42,700
- Royalty Fee: 15% of gross sales
- National Marketing Fee: Not Applicable
Initial Franchise Fee |
$35,000 |
$35,000 |
Business Licenses & Permits |
$10 |
$50 |
Computer and Related Technology (if needed) |
$1,000 |
$1,500 |
Other Professional Fees |
$1,000 |
$2,000 |
Insurance Deposit |
$300 |
$450 |
Initial Inventory of Equipment, Supplies, and Marketing Materials |
$400 |
$700 |
Training Expenses |
$0 |
$2,000 |
Additional Funds |
$0 |
$1,000 |
Total Estimated Fee |
$35,710 |
$42,700 |
Note:
The above costs are estimates only and will vary by location. Additional development costs may be incurred if you are engaged in developing multiple locations at the same time. Please refer to the Network In Action FDD for additional information.
At the end of the day, if Business Owners commit their limited resources to NIA it is our duty to deliver on our promises. When people are choosing a Business Networking Group they have a ton of options,” says Stacey Harris, who operates an NIA group North of Houston. “Our Franchise Owners set us apart. In this business, the vast majority of Networking Groups meet weekly and are run by Volunteers. The success of the group often is short-lived and always depends on Volunteers. With NIA the technology is so superior today’s business owners have every reason to want to Network Without Drama or Boring Meetings”. Thousands of Business Owners want to network but are just not able to either make a morning meeting or add another task that requires them to commit to over 100 hours in the next 12 months! They will, however, jump at the chance to join a professionally run group that meets monthly. Once they experience an NIA meeting they often times begin to refer other Business Owners or Friends to join as well. What they really care about are results and efficiency. We develop relationships and trust by offering a unique Networking Experience.
We also develop relationships by providing State-Of-The-Art Technology that can be accessed from any connected device. Members are encouraged to post business information during the month on their Community Site. This helps others in the group begin to see them as experts in their field and to keep them in mind. Our Franchise Owners are fully vested and trained to run efficient meetings with the focus totally on the Members and not the Guests. Our Franchise Owners are dedicated to helping businesses grow their relationships with other like-minded Business Owners. We want to help grow your business!
It’s never efficient to attend weekly meetings and hear the same reports read every week that do little to help you network. Whatever we can do to make it more efficient, we’re going to do. And providing a Professionally Run organization is what each Franchise is committed to. After all, when our Franchise Owners leave a meeting they go back to work on the group, not to some other full-time job!
So, the “real differences” include the Professional Leader, Monthly vs Weekly Meetings, Great Technology, Refer With Confidence with our Mandatory Background Checks, Monthly Free Coaching Sessions, and the secret sauce we cover in our training. The NIA Experience is just the way you have always wanted Networking to be. Who said you cannot have fun while you are Networking?
Our Franchise Owners are Friendly, Well Trained, Seasoned Connectors and are genuinely interested in the needs of their Members. When a guest comes into an NIA Meeting they are welcomed with open arms but the real attention stays on the Members. Our goal is to Partner with Business Owners who understand the value of helping others with Business Networking.
We also do everything we can to minimize the Roller Coaster Ride most Networking Groups go on. Traditionally today’s healthy group is just a few months away from a leadership change and who knows what happens then! With a Franchise Owner and a 10-year commitment, the ride is over. Our groups start out vibrant and just get better from there.
Network In Action thrives by focusing on Member satisfaction. That’s the business that we are in. We just happen to be better than others.
The “nice difference” isn’t just reserved for our Members, though. We’re also a business that focuses on the success of our Franchises. After all, we are in this together and we both benefit only when you bring on Members and take care of these Members. Our Franchises today are the only Trained and Certified People running For-Profit Networking Groups.
I am not sure what you would call this, but at NIA we call it a revolution!
You do not need past experience to be successful when starting a Networking Group with Network In Action. In fact, only about 30% of NIA Franchise Owners have a background in Business Networking. The rest follow in the footsteps of founder Scott Talley, who also lacked a background in networking when he started the first Network In Action group in 2014.
What Scott and our Franchisees do have is empathy for how challenging growing a business is, and a desire to ensure that our Members receive the best, most engaged, and most efficient Network Experience available.
“I had a basic knowledge of Networking Groups when I got into this but by no means was I an expert,” says Barbara Anne Konick, who operates a group in the Katy area and has been with NIA for just over a year. “I think that was a huge benefit for me.”
That’s because Barbara Anne and many franchisees are used to approaching Business Networking from a historical perspective. “Once I saw how easy it was to build a group of Business Owners I decided to purchase a second territory. I did not need to see all the things volunteers who lead other Networking Groups do, I just follow NIA’s curriculum”
While Business Networking is the industry in which we operate, our Core Mission is to “Help Build Relationships That Last A Lifetime". We act out our Mission by working hard to provide an exceptional customer experience. Our Franchisee Training is focused on learning the Networking side of the Business, we can show you how to properly build your group and provide the tools to keep the Members engaged.
“Some sales experience is helpful”, says Keith Duke, who owns a business networking location in The Woodlands just north of Houston. “Network In Action does a great job providing training and ongoing support for all Franchises.”
NIA helps Franchisees build out great groups of Business Owners — great people who the Franchise Owner wants to help in the upcoming years. We expect all of our Franchise Owners to become experts in their field and typically in short order are operating monthly meetings with our professional agendas. The NIA difference helps us recruit and retain excellent Customers who become lifelong friends.
What Does an NIA Group look like?
Our Network In Action Franchise is defined by its approach to Members and Franchisees and the way in which we seek to leave the world in a better place thru our Community Service Projects.
One of the things that make us different are the actual agendas for our monthly meetings. Each NIA meeting is professionally scripted, which ensures that every Member’s time is respected and appreciated, Members can still get what they need meeting monthly while saving over 80 hours a year from traditional networking. It’s a great convenience to our Members, but it’s a lot more. While giving Members a once a month meeting option we find that Business Owners who have traditionally passed "this networking thing" off to a subordinate will actually now join themselves. So, Members actually get what they want time to rub elbows and develop relationships with other Business Owners.
The scripted meetings are important to Members for another reason. Most Networking Groups are designed to impress the Visitor and not designed for the Actual Member. How many hours are wasted every week in their country in thousands of Networking Meetings hearing the Pest Control guy say "I kill bugs dead!" At NIA our Technology not only encourages every Member to post a video but this video is also passed electronically to a Prospect when a referral is passed on our Android or iPhone app. Often, Members will comment about just how different our meetings actually are. Most find an NIA meeting to be the fastest 90 minutes of their month. Our Members never have to worry about whether they will meet someone. 100% of our meetings ensure that will happen for all Members!
The meetings are just the beginning for our members. By offering monthly Coaching Sessions and encouraging one-to-one meetings, Business Owners can accomplish their goal of establishing meaningful relationships, completely taking the hassle out of boring meetings where Members sit while report after report is read, consequentially reducing the time for actual networking! A 90-minute monthly NIA meeting becomes more powerful than 4 weekly meetings with Traditional Networking Groups.
NIA members appreciate our community involvement-based approach to business. You won’t see us toot our own horn in our advertising. We prefer to let our actions speak for themselves. Our Network In Action Franchisees each choose an organization to give back some type of service to. After a few months of operating, the group will decide on a local charity to get behind. This could be an effort as small as volunteering at the Local Food Bank or as extensive as VetFest 2016 - A project that raised significant funds to help veterans integrate back into society quicker. Forty-One different companies donated their time, talent, or money to the cause. 100% of the proceeds went to Combined Arms, a 501C3 in Houston.
When enjoying the success that most of our area business is experiencing, as well as our NIA franchises, we feel it is only fitting to give something back to the community. We have so many gifted Business Owners these efforts are never a burden on any one person and often lead to greater Networking and definitely furthering our Business Relations.
“Formerly when I was running my Networking Group I was a Volunteer, and when I left a meeting I went back to work on my Video Marketing Business. Now as a Network In Action Franchise Owner, I am making six figures operating two groups when I used to get my annual dues paid! I was an Actual Ambassador of the Organization and I was putting a ton of time in for less than 500.00 annually!" Franchise owner Moose Rosenfeld says. “I am so much happier today, this was the best decision I have ever made. I did not realize just how much Kool-Aid I was drinking! My business has grown so much that I no longer offer my Marketing Service and strictly work full-time with my great members. They are happier and so am I.”
Network In Action is succeeding by partnering with outgoing people who love to serve customers and make a difference in people’s lives. While “networking” is the business we are in, our focus is on people and how we can help them grow their businesses. We welcome any Qualified Candidates who are looking to make a difference.
During the Franchise Application Process, we’ll want you to ask us a lot of questions, and we’ll have a lot of questions for you, too. That’s because we want everyone who is part of Network In Action to truly believe in our mission. We want people who desire to find success by running their own franchise business and fulfillment in all parts of their lives as well.
Network In Actions has put our core values at the center of the way we operate our business networking franchise.
There are several attributes we seek in our Franchise Partners, and the first one is a true belief that it is in giving where we receive! We pride ourselves on having a Company where Owners and Business Members recognize that there is a way to focus on giving first and knowing personal results will follow.
We also look for Franchise Partners who believe in giving back. We look for people who enjoy giving back and want that as a framework for their Business Network and Community. The savings needed to start a Network In Action franchise are modest for the industry — just $50,000 in liquid assets and $100,000 in net worth — and we look for people who will use their business to support their community as well as themselves.
We look for people who have experience building and leading a team of people. You don’t have to be a great networker to run an NIA franchise, but it is important to have good business networking and people skills to ensure your group is as strong as possible.
It is helpful to have sales or some customer service experience. To enjoy the most success in your business, it helps to know how to “wow” a customer and how to present information in a way that helps prospects understand what makes NIA work.
You should be a self-starter. While Network In Action will give you training, tools, and support, it’s up to you to grasp those tools and use them to grow your business. As Network In Action continues to improve its systems, you also need to be someone who is ready to learn new things and new ways of growing your Networking Business.
You need to be energetic and confident. Business owners are often looking for a person they can trust and want to follow. Remember, business owners are investing in you and your ability to build and lead a diverse and dynamic group. You should be able to either run or hire a person to conduct a monthly meeting. Calm confidence generates respect, and we want franchise partners who are respected by their members. We want servant leaders.
Do you match every description? If the answer is no, that’s OK. We’re not looking for perfect people, just people who are looking for a great business idea in their community and people who recognize the importance of these values and are willing to work hard to adhere to them.