What was the first franchise in the world?

As with direct sales, armed with an innovative franchise for distribution of goods and services, this time with new technologies appearing in the late 19th century. The word franchise comes from French and originally meant “to free from slavery. ”
Isaac Merritt Singer, inventor of the Singer sewing machine was considered the creator of the franchise. Singer, a former American actor turned into an inventor, he borrowed $ 40 to make some technical improvements to an existing sewing device.

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In 1851, Singer has patented invention, the first sewing machine in the world. While the device has revolutionized the textile and garment industry everywhere, Singer’s company went further, re-inventing the way the World Product was distributed to the public.

In fact, Singer’s partner and lawyer, Edward Clark, was the one who designed a plan for contracting with independent distributors in various locations to sell the new car. By 1856, Singer and Clark have established relationships with 14 subsidiary stores, where they were employed attractive young women who demonstrated the qualities of new sewing machines. The sale price of such cars was $ 100 – a huge sum considering that in time the vast majority of Americans earned about $ 500 a year.

To boost sales of a product so expensive, Singer and Clark have created two new business innovations that have changed the business world: the first change (If you return your old sewing machine, the first reduction in $ 5 to buy new cars Singer) and installment sale (you took a car home and pay $ 5 per month until it covers the full-size car value). Both methods have revolutionized the business sale. In 1880, the Singer company has sold over 500,000 cars.

When they introduced the first electric model in 1889, sales reached 1 million per year – the vast majority of cars being sold through sales agents and Travellers commit. Singer Company became the first multinational corporation and created a product brand known in over 150 countries worldwide.

The franchise has completely changed the entire string appearance in world affairs. And now in the 21st century, the franchise is an amazing amount of business that is worth $ 1 trillion in the U.S.. There are over 2,500 franchisors, franchises nearly 600,000 employees and nine million in the franchise industry.

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