Q. What does Enduring
Legacy Press Do? Q. How ELP Publishing Partners make money? A.
ELP Partners earn revenues from three sources: 1. Book sales; 2.
Advertising revenue 3. Referral income. A. There are two catches. First, you must,
in the opinion of ELP, have the qualifications to be a local Publishing Partner.
Second, you must go to work. After your application is approved and the
franchise agreement is signed, it's up to you to make your franchise profitable.
No one will look over your shoulder and force you to jump out of bed
and create great books. In order to maintain your franchise rights, you must
achieve agreed-upon revenue levels (see "Minimum Number of
ELP Books Sold" in the Franchise Agreement)). This number establishes the
minimum level of sales activity that is necessary to maintain an ELP Franchise. We
intend, but cannot guarantee, that these sales levels to be readably achievable by Franchisees. If you put in the sweat equity to create a profitable
franchise, then you will have created an important and ongoing source of income
for your and your family. Q. If I want to sell my franchise, can I do so? A. The answer is a qualified
"yes." At ELP, we hope that you can create value in your franchise,
and we seek to help you do so with an ever-expanding array of products. If you
seek to sell your franchise (or give it away to someone, or leave it to someone
in your will), the new franchisee must be approved by us. That approval, however,
will not be unreasonably withheld. A. You can, and in most cases should, start
on a part-time basis working from your home. Q. Can I enroll other Publishing Partners? A. Yes, and you probably should do so if
you can. If you refer a new franchisee whose application is accepted and
who signs a franchise agreement, you will receive continuing payments based upon
the current ELP Sharing Agreement. A. Advertising sales can create a significant
amount of revenue for Publishing Partners. Advertising is sold in two ways:
either directly by the Publishing Partner or indirectly by members of a
sponsoring organization. Q.
When it helps a Publisher create a particular book, how is ELP currently
paid: Q. How much is the
overall cost of a book? A. Typically two: one payment to ELP for the services described in #7 above, and a separate check to the printing company that will produce and bind the book. Both charges are normally Net 30. Q. What about referral fees paid to Sponsoring
Partners? Q. Is the Sharing Arrangement Subject to
Change? Q. Should my franchise be a limited liability corporation? A. It's up to you. Incorporating you business provides extra security, but it also adds cost and tax headaches. For the final answer to the question of if or when you will incorporate your franchise, consult your accountant. Q. Is the income stream I receive from other franchisees transferable? A. Yes. You can sell it, give it away, or make a bequest of it (a transfer fee of up to 2% of the sales price will be charged by ELP to cover accounting costs and setup expenses). Q. What about reprints? A. On occasion, out-of-print books will be
reprinted, either by individuals seeking single copies (over the Internet) or by
organizations (seeking to reproduce larger quantities). As long as you remain a
Franchisee, you have the right to reprint ELP books that pertain to your
territory by paying ELP $1.00 per
book. Conversely, as long as you remain a Franchisee, ELP will pay you $1.00 for every book pertaining to your
territory that ELP sells over the
Internet. See the Franchise Agreement for details. |
