With over one million people using drones for hobbies — and over 400,000 for commercial use — drone businesses are becoming more and more popular, especially when joining a drone franchise. It’s a $14 billion industry, so if you’re interested in starting a drone business for yourself, you can find various niches that fit your interests. But with any industry, there’s the debate between creating your own enterprise or joining a franchise. If you opt for a franchise, we’ll help you understand how to measure drone franchise cost and choose the best option for you.
Drone Business vs. Drone Franchise
Perhaps you’ve already settled on a franchise. But if you’re still weighing your options, let’s look at the difference between a business and a franchise.
Starting a Drone Business
Starting your own business might sound appealing. You have more control over every aspect, including marketing decisions, pricing, services offered, etc. But, at the same time, it’s a risky move, as you’re investing your own money into something that may or may not work. On average, the cost to open your own small business ranges from $2,000-$5,000. This is just the starting price for incorporating your company and includes basics like establishing your LLC, initial equipment purchasing, or the first month’s rent and deposit if you’re opening a physical location.
As your business grows, so do your expenses. And, once again, there’s no guarantee that your drone business will take off successfully. That doesn’t mean it won’t work; it just means you’re taking a risk.
Joining a Drone Franchise
To minimize the risk, many opt to join a franchise. Instead of starting your own company, you provide services under the name of an already established business in the field. One of the biggest perks of a drone franchise is that you get to skip a lot of the initial startup work, and you join a business that already has a strong customer base and reputation, meaning it’s easier to get jobs right away.
There are plenty of other perks to joining a franchise. You may not be the captain of your ship making all the decisions, but you have near-endless support from the business’s headquarters. They can help you determine a site location, provide training resources for your employees, understand systems and product ordering, produce marketing materials, etc. It takes the guesswork out of all those small business decisions that you may not even know exist, all with a large team to support you.
Measure Drone Franchise Cost
One thing that does deter entrepreneurs from joining a franchise is the initial cost. The startup costs for a small business are minuscule compared to those of a franchise. But that’s because you’re paying for everything you’ll need up-front. When you start a business, you have initial costs followed by all the expenses as you grow, expand, and continue your services. Eventually, those will add up significantly.
With a drone franchise, you’re paying those costs from the start. Let’s look at a couple of examples:
When you measure drone franchise cost, you must pay more at the start. But you get what you pay for: all your branding and advertising, a strong customer base, and support from the company headquarters.
Choosing the Drone Franchise That’s Right for You
When the time comes, you’ll need to choose the right drone franchise that works best for you and your situation. There are a couple of essential factors to consider: your preferred niche and your budget.
Your Preferred Niche
The first thing to consider is what kind of business you want to join. Do you like working with drones because you like to use them yourself, or do you prefer to offer others support? Do you want to be service-based or goods-based? Luckily, there are plenty of uses for drones and ways to get involved with a drone franchise. Here are some examples:
This is not an exhaustive list, as there are other ways to get involved with drone businesses and drone franchises. You need to think about your interests and decide what area of work fits your niche best.
As we already mentioned, the initial investment for a drone franchise is much higher than that of starting your own business. So you need to take a good look at your finances and determine what makes sense for you. We can’t put an exact figure on it because everyone’s situation is different. Please reach out to us or connect with an attorney who works with franchising if you need help.
Besides the two drone franchises listed above, let’s look at a few other options and consider the initial investment cost.
Pursue Your Drone Franchise Dreams
In the end, you want to choose a franchise that makes the most sense for you, your budget, and your interests. It truly doesn’t have to be more complicated than that! If your dreams include working with drones, then you can make that happen with a drone franchise.
For more information, check out our quick guide to drone franchises. If you have any additional questions, you can use our blog as a resource, read our FAQs, or send us a note!