|

How Much Can I Earn?
The great thing is that, with this business, what you can earn is entirely up to you.
The LocalWorm Franchise Opportunity provides every franchisee with several income streams, as opposed to just one with most other franchises, so the amount you earn varies. Below are several examples using just one of the income streams available - local business listings.
Tip: Check out our franchisee earnings calculator page to calculate an example of how much you can earn in real-time!
Example 1:
- 500 businesses take out free listings
- A tenth (10%) then upgrade their free listing to a Premium listing
- At an average fee of $35/month...
- You earn $21,000 annually
Example 2:
- 200 businesses take out free listings
-
A fifth (20%) then upgrade their free listing to a Premium listing
- At an average fee of $35/month...
- You earn $16,800 annually
Combine the two realistic examples above, and you will earn over $37,500 annually from selling business listings alone. Considering this can be run as a part-time business, the ROI is huge. Indeed, if you are spending 30 mins working on your website every evening and earned $37,500 (annual), you'd effectively be earning over $240 an hour! Remember that there are multiple income streams available in addition to selling adspace - as discussed in our borchure - and we are launching more all the time.
Example 3 (larger territories):
- 1,000 businesses take out free listings
- A fifth (20%) then upgrade their free listing to a Standard listing
- At an average fee of $25/month...
- You earn $60,000 annually
You can set your own fees to charge local businesses. Larger territories typically charge higher fees and also have the benefit of many more listings, therefore your earnings would typically be higher. An average-sized territory has 100s-1000s of local businesses. The first city we launched had over 1,200 listings registered in less than 12 weeks. Using this location as an example: if 25% of these 1,200 listings were upgraded to just the basic Standard Listing (at $15/month) - you would earn $54,000 annually.
One of the truly great things about LocalWorm is that you are building what we call ‘residual income’; your customers will remain with you month after month. The results they get from LocalWorm will ensure that, for the vast majority, once they start, they won’t want to stop – and they’ll pay you each month, usually by Paypal or Worldpay. This means that your income comes in whether you are sitting in the office, or taking a month out to relax and see some of the world. Residual income is one of the most powerful aspects of this opportunity; it’s what truly sets the LocalWorm opportunity apart from all of the other franchise businesses.
As with any business it’s not just income but overheads that are important, because that determines the bottom line of your business. Therefore you'll be pleased to know we do not charge any "management fees" regardless of how successful you are.
In addition, we have a very simple pricing structure: If at the end of the first year, you wish to renew your territory, you can continue to do so with a 50% discount on the original purchase price. An example: You paid $6,995 for the first year and you wish to renew for the second year, which will cost you 50% of the purchase price - $3497.50. At the end of the second/third/fourth/fifth etc year if you wish to renew again, it will cost you the same, $3497.50 every year from then on.
In short it’s a simple business, with very simple book keeping – and huge potential!
|