Q. What is the profile of an NIFM Franchisee?
Ans. An Individual or a Company who is well networked and has the ability to market the various training products, and want to earn fame and money.
Q. What is the Franchisee appointment process?
Ans. Please contact to Mr Abhinav Agarwal on mobile no. 8920242226
Q. What is the length of the Franchisee Agreement?
Ans. 3 Years. It can be renewed by mutual agreement.
Q. How long would it take after applying to open an NIFM center to get the approval for the same?
Ans. 7 days.
Q. What is the manpower required to open a franchise?
Ans. A franchisee needs 1 Center Manager(the franchise owner can be the center manager), 1-2 Counselors, 1-2 Faculty, and 1 Receptionist.
Q. Can the Franchisee fee be negotiated?
Ans. No.
Q. Can the royalty be negotiated?
Ans. No.
Q. What is the minimum available floor space required to set up a center?
Ans. The minimum available floor space should be between 1000sft to 2000sft.
Q. What is the minimum infrastructure required to set up a center?
Ans. The minimum infrastructure requirement varies depending on the classification of cities.
Q. Is it mandatory for someone to have experience in the Financial market/ training industry to set up a franchisee?
Ans. No. but if you have a teaching or educational background, it would be an added advantages to you. We would provide you the training to operate NIFM franchisee.
Q. What will be the KRA for the centre?
Ans. Quality of training and infrastructure should be the main KRA for the centers.
Q. How many centre are you planning to start in a geographical location?
Ans. The number of centers would solely depend on the demographics and the market potential. NIFM will decide on the number of centers based on various parameters.
Q. What will be the distance from one centre to the other centre?
Ans. At least 5 KM.
Q. What is the ROI from a franchisee's perspective?
Ans. 15-50% profit on the total turn-over can be expected from a well-performing center.
Q. What is the break-even point? How soon can a franchisee hope to break even?
Ans. Franchise will reach the break-even point of monthly expenses in 6 months and It will take 1 to 1.5 years duration to get break even of the total investment done to set up a Franchise.
Q. Will you help me in recruitment of staff and Faculty?
Ans. NIFM will guide & help the center in the recruitment of staff & faculty, the cost should be borne by the franchise if any.
Q What is the support system for the staff, faculty and other marketing person?
Ans. NIFM will provide training to all staff and faculty from time to time.
Q. As for my understanding, why is the XYZ partner is not performing well?
Ans. There could be several reasons for this. Maybe the center does not have the necessary resources (counselor, sales executives etc.) to drive more registrations. It could also be that the center might not have a proper lead tracking system in place to keep a track of the inquiries and leads and chase it up with them accordingly. It could also be that there is very little potential in that area. As I said, the reasons could be numerous, but mostly, it's all dependent on the geographical location of the center and its internal operations.
Q. Will the NIFM take the operational expenses of the franchise center?
Ans. No. This has to be taken care of by the Franchise itself.
Q. How will you help me in my day-to-day activities?
Ans. All day-to-day activities of the center will be managed by the franchise, However, NIFM will guide and provide training to do the same.
Q. Will the company take care of Ads? If yes, how? If not, what do we need to do?
Ans. In metros, if there are more than one branch, the cost will be shared by all the centers. The cost per center is calculated based on the total cost of the campaign divided by the number of centers. NIFM will take care of the major things like centralized buying of media. However, the cost incurred for the ads has to be shared by the centers.
Q. What kind of marketing support can a franchise expect from NIFM?
Ans. NIFM will be, periodically, providing marketing material designs of pamphlets, posters, and banners to all franchises, but it totally depends on the management's decision, NIFM is not bound to give marketing material to the franchise. The franchise will organize the seminar or workshop on quarterly basis and NIFM will send the speaker if requested by the franchise free of cost, however the cost of traveling, boarding, and lodging of the speaker. NIFM will do the digital market of the website nifm.in and send the leads generated through it to the franchise on daily basis if received.
Q. Why NIFM Franchisee?
Ans. NIFM Franchisee because of the following facts:
•Very significant and consistent market demand.
•Market space is not crowded and it is the right time to take advantage of this opportunity.
•Competition is weak and outdated.
•Strong training and ongoing support from the franchisor that is interested in your success.
•Opportunity to acquire exclusive rights and to become a dominant market player in your territory.
•Multiple markets and sources of revenue.
