4 secrets for building a successful child-oriented business model | Global Franchise
Global Franchise

Sunday 2nd October, 2022

Search Stay in the loop Sign in Join Global Franchise Pro
Logged out article
4 secrets for building a successful child-oriented business model

News

4 secrets for building a successful child-oriented business model

Bette Fetter, CEO of Young Rembrandts, on how entering the education sector can return long-term success

Bette Fetter, CEO of Young Rembrandts, on how entering the education sector can return long-term success.

Thinking back 30 years ago when I first began my childhood art enrichment business at my kitchen table, I never could have imagined that the children’s enrichment industry would become as popular or competitive as it is today.

Many child-oriented business owners are drawn to it because not only do they enjoy working with children, but they’re also pursuing a project that is both rewarding and lucrative. Personally, I chose it because as a mother, I loved investing my time in a program that helps children learn and as an entrepreneur, I wanted a business model that I could grow over time and leave as a legacy for my own children.

Now I am growing my business, I want franchisees who aren’t just looking for a casual way to get involved but also want a strong business, where they can make a very good living while doing good in the community and loving their job.

While developing and operating a business that specializes in working with children is rewarding, it’s not always easy. I’ve found that the key to differentiation in this burgeoning industry is leveraging the inherent characteristics within a child-oriented business model. You can use them as tools to highlight the strength of your business, whether you offer after-school art classes, sports activities or other enrichment programs.

Here are my four considerations to take into account when building up your child-oriented business:

1. Focus on your unique strengths
When competing in a market targeting a very niche customer base, it’s important to embrace and market your key differentiators. It’s also crucial to be aware of your competitors’ selling points and what characteristics other brands are using to distinguish their concepts. Use that knowledge to your advantage and finetune your concept to cater to your audience.

Plan your programs with customers in mind – choose convenience as a distinguishing factor for your brand. By associating your brand with convenience, which is a quality most parents seek out when choosing an enrichment program for their children, your concept will automatically appeal to busy parents who need a program that fits with their schedules and thus increases your chances of being picked.

The Young Rembrandts program makes it easy for schools to set up a class and parents to register. Our franchisees provide registration services, manage all classes, provide teachers and all the supplies. Making it an easy hassle-free program for schools to offer and parents to benefit!

2. When it comes to marketing, think local
In any business, it’s important to know your local market inside and out. Depending on your business’ market, your target audience may be smaller than you think, and using a narrow marketing approach can be the most efficient use of resources.

As the owner of a child-oriented business concept, you know the business and target audience, but when marketing to parents, there is a not a one-size-fits-all approach across markets that vary in size, location and demographics.

If you’re a franchisor, you should have the tools and strategies prepared to help your franchisees market their business successfully. But, the benefits of being a franchise system aren’t one way – learn from your franchisees, gather best practices from high performing areas and share them system wide.

3. Keep an updated tech toolbox
As technologies evolve, our goal as a franchisor is to create efficiencies for franchisees so they can remain focused on their business without redundancies. Franchisees want to know the quickest, easiest ways to use platforms and systems to drive sales. Also, advanced technology updates and support are huge perks in the eyes of prospective franchisees, especially for concepts that have been around for a while.

As a franchisor, I’ve found the best route when it comes to implementing new technology is to position them as additional tools, rather than as replacements. Sharing ways to use technology to train franchisees and support them in training their own staff frees up time and resources for franchisees to focus on the growth of their business ̶ and to spend time in their community and with their families!

Leverage technology as a value proposition to your customers, too. Regardless of what your child-centric business offers, parents are ultimately seeking convenient, streamlined processes to enrol and have all the information necessary for them to get on with their days.

4. Commit to quality and your values
In the modern age, there’s often pressure to experiment with trends. Stay committed to your concept’s foundation and values. As the saying goes: “if it ain’t broke, don’t fix it”. Over 30 years of running Young Rembrandts, I have found that the more we focus on our concept to make sure kids really understand and absorb it, the happier the customers (both parents and children) are.

At the end of the day, kids will always be kids, and they are inherently similar on a developmental level across generations and cultures. They are hungry – they want to learn, they want to be successful. And parents talk – positive word-of-mouth as a result of a clear commitment to children’s wellness will grow your business’s reputation.

ABOUT THE AUTHOR
Bette Fetter founded Young Rembrandts in Elgin, Illinois in 1988. Celebrating its 30th anniversary this year, Young Rembrandts has become a recognized leader in art education, offering a curriculum focused on teaching children to draw, using demonstration and a structured step-by-step process. Young Rembrandts teaches more than 40,000 students ages 3 ½ to 12 years old each week in 31 states and four provinces.

Start making informed business decisions. Join Global Franchise Pro for free today.

Latest trends and investment opportunities

Unlimited access to industry news and insight

Exclusive market reports and expert interviews