Have you ever considered starting your own business (check out 5 skills to develop to succeed in business)? Maybe you have but are unsure because you may not want a franchise (see our post 5 Questions to the Right Franchise).
If not a franchise, or an original idea, then what do you choose? You may want to consider licensing a business.
Don’t be afraid if you don’t know much about licensing. That’s where we can help. Keep reading for everything you wanted to know about licensing a business.
Let’s start with the basics – the definition.
According to Entrepreneur.com:
A business arrangement in which one company gives another company permission to manufacture its product for a specified payment (find the definition here)
Although this definition specifies a “product,” the same applies for a service.
Let’s break this definition down.
A business arrangement (agreement, deal, pact, whatever you want to call it) in which one company (ECS for example) gives another company (you) permission to manufacture its product (utility bill auditing) for a specific payment (low, flat rate).
As an example, if you were to get a license from ECS, you would pay one flat fee (a licensing fee) and then be trained to audit all types of utility bills. There is also a low monthly licensing fee to cover standard items such as back office support.
Now we have a better idea what a license is. We also see how and what you would get with an ECS Business Model License. Yes, you are buying something from ECS but you are really gaining an invaluable skill set. Something that you will use for the rest of your life while running your own business. If you think of it like that, a license is a tool. A tool you get to use to market yourself to companies all over the country. Remember, with a license you are not bound by territory restrictions or limitation like you would be with a franchise.
A closer look at the ECS Business Model License.
What are the specifics of an ECS Business Model License?
Simple. Freedom. You decide how, where, and when to run your business. We give you the knowledge base to become a utility bill auditor. You can have as many or as few employees as you would like. You can work out of a storefront or out of your living room. Pay a low, flat monthly rate. Get rewarded for your hard work.
Utility Auditing Business Opportunity: Licensing a Business
Start your own utility auditing business with the ECS Business Model. We show all our licensees how to track and manage a client’s bills, and how to properly interface with prospective customers.
What are the benefits of starting your own utility auditing business with ECS?
- Low start-up costs
- Work from almost anywhere
- Create your own hours
- Make money dependent upon your efforts
- NO employees
- NO inventory
- Complete freedom
A utility auditing business using the ECS Business Model is the perfect opportunity for those looking for financial freedom. Your get paid when your clients recover funds—so YOU determine how much money you make, depending on your efforts.
Still have questions about licensing a business? Watch this exclusive video to get the answers about licensing the ECS Business Model.
*ECS reserves south Florida as its home base of operations.