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To creative passive income via franchise investing, you'll want to go the executive ownership route. They bought their first franchise, a youth soccer program called Soccer Shots, in September 2018 and started profiting in their second year as owners. "I 100% think that it can be a lucrative passive income stream," Erika said of investing in a franchise. The Halls shared their top advice for creating passive income through franchise investing. "We knew from the beginning that the goal was to create passive income," said Kareem.
Persons: Erika, Kareem Hall, They've, , Kareem, , Jon Brock, Rachael Victoria Organizations: Shots, Emory, Soccer, Primrose Schools, Soccer Shots Locations: Atlanta
Ultimately, they went with Soccer Shots, a children's program that partners with local schools to help kids develop both soccer and life skills. The Halls bought their first Soccer Shots franchise in 2018. They also had to put together a PowerPoint presentation for Soccer Shots' executive team at the headquarters in Pennsylvania. Buying their first Soccer Shots for $29,500 plus additional start-up costsSoccer Shots officially offered the franchise to the Halls in September 2018. On average, they spend one to two hours a week working on Soccer Shots.
Persons: Erika, Kareem Hall, Kareem, they'd, that's, it's, Jon Brock, Rachael Victoria, Brock, they've, Erika Hall, That's Organizations: Soccer Shots, Emory, Bain, Accenture, Primrose Schools, Shots, Soccer Locations: Atlanta, Dekalb County, Pennsylvania, , Covid
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