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INTERNATIONAL<br />
International Franchise<br />
Expo: Prime Opportunity<br />
for Consummating<br />
International Sales<br />
Internet communications are great but they don’t replace face-to-face<br />
meetings. That’s what makes franchise expos valuable.<br />
BY DR. JOHN HAYES<br />
Four brothers visiting the 2015 International Franchise<br />
Expo glanced at a poster touting international sales at<br />
the Wayback Burgers booth and said to the franchisor,<br />
“No Pakistan?”<br />
“Not yet, but you could be the first,” responded an<br />
enthusiastic Bill Chemero, executive vice president. That<br />
answer initiated a 15-minute discussion, followed by a<br />
private sales presentation, and ultimately the sale of the<br />
master license for Pakistan.<br />
Meanwhile, the guys at the Sanoserv booth, first-time<br />
IFE exhibitors from Malta, were closing down five minutes<br />
before the end of the last day of the show and a prospect<br />
stopped to ask for information about their hygiene business.<br />
Several weeks and several discussions later that prospect,<br />
an engineer looking for his own business, bought the master<br />
license for Ecuador.<br />
HIGHEST QUALITY DOMESTIC AND<br />
INTERNATIONAL PROSPECTS<br />
These are just two of many examples that explain why<br />
franchisors rely on the IFE not only for their domestic<br />
expansion in the United States, but for international sales<br />
too. Through the years, most companies that exhibit at<br />
the IFE do so for the domestic opportunities because<br />
approximately 80 percent of the visitors come from the<br />
United States. However, as international attendance has<br />
grown, many exhibitors have launched their international<br />
expansion from the IFE simply because the right prospect<br />
showed up at their booth.<br />
What began almost 25 years ago as the only national<br />
franchise expo in the United States has since become a<br />
58 FRANCHISING WORLD NOVEMBER 2015<br />
springboard to franchise development worldwide. “The IFE<br />
attracts the highest qualified prospects from all 50 states<br />
and 122 countries,” explains show producer Tom Portesy,<br />
president of MFV Expositions.<br />
“In seven years of franchise development,” said franchise<br />
veteran Chemero, “we’ve opened 97 units and we have 350<br />
more in development in the USA alone. Fifteen percent of<br />
those sales are a result of the IFE and other expos” produced<br />
by MFV Expositions and sponsored by the International<br />
Franchise Association.<br />
“Ninety percent of my international sales came from the<br />
IFE,” explained Ray Margiano, who won an international<br />
franchising award from the IFE in 2005 for his vast<br />
productivity. He sold master licenses for Heel Quik, his shoe<br />
repair business, in 30 countries. At the first IFE, Margiano<br />
sold a master license for Japan to Duskin, one of the world’s<br />
largest franchise conglomerates. He eventually sold his<br />
interest in Heel Quik, but returned to the IFE in 2000 with<br />
a new concept, Foot Solutions. Since then he’s sold master<br />
licenses in Saudi Arabia, the United Arab Emirates, Lebanon,<br />
Germany, Ireland, England, Scotland, Malaysia, South Africa,<br />
Australia, and Singapore – all from the IFE.<br />
CELEBRATING IFE’S SILVER ANNIVERSARY<br />
In 2016, the IFE will celebrate its silver jubilee at the<br />
Javits Center in New York City. Plans are already in the<br />
works to produce a record crowd of visitors and exhibitors.<br />
MFV Expositions dedicates a multi-million dollar budget to<br />
advertising and promotion, and relies on dozens of strategic<br />
partners worldwide to produce aisles filled with qualified<br />
prospects for the three-day expo.<br />
(Continued on page 60)