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03/15/08
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Online Trading Academy Franchisees Reporting Rapid, Consistent Growth
From East Coast to West Coast, and even beyond U.S. borders, Online Trading Academy franchises report double-digit increases in enrollment, huge numbers of website hits and rooms full of highly motivated people checking out free introductory Power Trading Workshops. The current economic climate creates a swelling demand for financial literacy. Aging baby boomers and retirees have seen their asset values fall, and are seeking a financial education to take control of their money.
Bill Carthen, himself a former stockbroker, admits he did not learn trading while in that career. Bill became so impressed with Online Trading Academy’s education platform that he opened the company’s first Florida location in February, 2007, in Orlando. Enrollments have been growing steadily, encouraging him to open his second location in February, 2008, in Tampa. By the end of this year, he expects to open in South Florida.
Texas-Sized Trading
The story reads pretty much the same, wherever you look. Vince Rowe opened the first Texas location for Online Trading Academy in Dallas, back in 2004. By 2005, he opened in Houston; in 2006, he opened in Austin. This summer, he expects to open his fourth Texas center, in San Antonio. Vince proudly cites his centers for graduating more students than any other franchise location. Ecstatic, he credits the growth to “A powerful alumni group providing 40% of our student base from referrals.” With 450,000 weekly downloads of his pod cast, Online Trading Academy must be doing something right.
David Stanbridge’s San Jose, California center has fulfilled such an incredible pent-up demand since its February, 2008 opening that he already has plans to open in Walnut Creek in February of 2009. His center’s first two classes sold out, with a third at near sell-out levels in record time. David, an active trader himself for over seven years, finds the Online Trading Academy a great service to people—and a great company with tremendous support.
Chris Koomey opened the Washington, D.C. center for Online Trading Academy in September of 2007. They began enrolling business owners attracted to creating a second income stream—as well as well-to-do women who were more financially empowered. Chris happily points out, “Enrollments are up; we doubled our revenues over the previous quarter.” This summer, he expects to open a second, larger location in Baltimore, with even more resources to serve the advanced traders.
Take a trip north, and Online Trading Academy can still serve you. In February of 2007, Ed Kholodenko opened the Toronto center, sharing space with the on-line brokerage firm Questrade. In July, the center will move to its own larger space. Ed relates that students have traveled as far as 150 miles. With classes selling out, his growth is limited only by available space. Later this year, he expects to open a second Canadian center in Vancouver, British Columbia.
Just a ten minute train ride from New York City, John Bang opened the Secaucus, NJ center for Online Trading Academy in April of 2006. His year-over-year enrollments are up by 175%. Attendance at Power Trading Workshops are up 250%. His phone volume has increased by 400%. In June of 2008, John expects to open a location in New York City. John has also recently expanded into events with Bloomberg and is even holding special classes for traders on the New York Mercantile Exchange.
For more information about Online Trading Academy or for franchise information visit www.tradingacademy.com.
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