New Mexico is home to over two million people, almost one-quarter of them coming from its largest city, Albuquerque. You might have heard of a somewhat successful entrepreneur who was born there, Jeff Bezos. If you’re an entrepreneur questioning whether or not to start an insurance franchise in New Mexico, we’re going to show you why the answer is an unequivocal yes. You may not turn an online bookseller into a global superpower, but you could do some amazing things and help serve your community.
Let’s go over the reasons that this southwest corner of our country is an excellent choice for starting a business and what types of insurance franchise opportunities there are in New Mexico.
Why New Mexico?
Call it a section of the Four Corners Region, The Land of Enchantment, or simply a fantastic place to live and work; the area is full of reasons to explore New Mexico franchise opportunities.
Jobs Over Taxes
Unlike other states where new tax creation on small businesses is seen as a hobby for government officials, the people who run this region choose to incentivize companies with tax credits and even exemptions. The idea is a novel concept called job creation. When someone buys an insurance franchise or starts another type of business, they create jobs. And if people have jobs, they spend money. When they spend the money, capitalism flourishes. Help our country once again do what it does best — work.
Besides taxes, this section of the Four Corners Region also has one of the most diverse populations in the country. The highest percentage of Hispanics and the second highest percentage of Native Americans in the country live here. Diversity brings different ideas, approaches, and creative solutions to businesses. When more than one culture exists in an area, marketing, advertising, and promotions can be geared to appeal to people with those backgrounds.
No offense to all the other great states in our nation, but “The Land of Enchantment” might be the best (and most appropriate) motto of them all. People come from all over the country (and the world) to witness the natural abundance of this beautiful area. Of course, those people tend to bring money to spend at local businesses.
Many folks may see New Mexico as a state of red rock and not much else, but there is so much more to see. For example, if you’re into dinosaurs, the Bisti Badlands offers 60 square miles of fascinating fossils and scenery. Granted, you probably won’t want to start an insurance business next to a giant pre-historic bone, but you can have a location near the area where people will stop to spend tourism dollars on their way there or while heading home.
There’s plenty more, including a super volcano, a large white sand desert, and even the ability to see the Andromeda Galaxy with nothing more than your own two eyes.
The Land of Enchantment is a place that brings tourists from all areas. Buying a franchise for sale in New Mexico offers a wonderful opportunity to catch the eyes of the thousands of different people who travel here every year.
Four Already Thriving Franchises in New Mexico
Now that you know some of the best reasons to start and operate a business in this great state, let’s look at some existing New Mexico franchise opportunities that are already thriving.
The Ground Guys
Do you have a green thumb? Never mind, even if you have an ordinary thumb, you can still run a landscaping service as long as you have the knowledge and the neighborly social skills to provide excellent customer service.
The Ground Guys offers an existing customer base and plenty of resources to get you up and running. The only potential obstacle here is how saturated the market is. In most cases, franchising is a great option for a new owner, but lawn care is something so many individuals start independently. Consider the start-up versus franchise model carefully before going this route in landscaping.
Offering installation and repair services for electrical needs to residential and commercial clients, this company boasts over 200 locations worldwide. Mr. Electric is widely respected for setting up its franchisees for success, with plenty of clients and resources to choose from.
Of course, this industry is highly specialized, so it’s no place for those without experience and the proper licensing. If you’re entrepreneurial-minded but don’t know Ohm’s Law, you should look elsewhere for your investment dollars.
The Learning Experience
Making a difference in the lives of America’s youth is an impactful choice. The Learning Experience has a proven track record in the childcare education industry. Being great with kids helps, but so does having a somewhat high net worth. Although the franchise is rapidly growing and considered highly successful, financial barriers might present a problem. Expect a total investment of well over a half-million dollars to get started. Financing may be available but check carefully before signing anything.
Joining Freeway Franchise is the perfect way to kickstart your success as a franchisee. Even if you have no prior experience in the insurance industry, you can start selling home, auto, life, and other secondary products with the help of an established business model, customer satisfaction success, and ongoing support. The national brand provides training, marketing assistance, and additional resources to begin running your own franchise. Moreover, there is financing assistance available if needed.
There are many reasons to consider an insurance franchise in New Mexico and it can be an excellent opportunity for entrepreneurs looking to capitalize on the state’s growing population and economy. After all, the industry is about as safe a bet as death and taxes. Will you become one of the wealthiest people in the world, worth over $100 billion, like Jeff Bezos someday? Probably not. But by choosing the right franchisor, you might be surprised at how happy, satisfied, and financially secure you can become.
Contact Freeway Franchise at 1-877-822-3024 or fill out our quick online form for more information on getting started with an award-winning insurance franchise for sale in New Mexico; one that requires a low initial fee and no industry experience. We’re looking for entrepreneurs from all over the country to grow alongside our brand. Join the team and see why Freeway is the best way to make your dreams come true!