Start with a comprehensive business plan
For any business that you plan, it is always wise to prepare a business plan. No need to go to some extra expenses to have this done - you should be able to do it yourself. The purpose of your business plan is to see what kind of investment of money and time would be required to start your travel business, and more importantly, to figure out for yourself what particular travel niche do you want to explore.
There are numerous possibilities when deciding on the type of travel agency you wish to run and choosing the right niche for you. Examples of travel agency niches include: cheap travel, luxury travel, cruises, flights, holiday accommodation, travel packages, country-specific travel services, or worldwide travel options, etc. Travel offers so many possibilities that you really need to have relatively clear idea of what you want to do.
As with any other home based business venture, what you choose to do should be of interest to you and something that you have some knowledge about. That makes it easy to start and keeps you motivated to make it work. Figuring out these different angles of your upcoming business venture will make things clear in your head and help you put together a business plan.
Become a travel affiliate with an established operator
This is probably the easiest way to "get your foot in the the door". There's probably "dime a dozen" travel operators that offer affiliate option to work with them. There are those that operate worlwide and those that provide travel services for specific countries only. Depending on your chosen niche, this is where you start looking at available options.
Explore other affiliate sites and see what others offer and how they do it. For example, you might find that many affiliates offer online hotel room bookings. It's one of the most widely available travel affiliate options.
Online market is crowded with them, which means a lot of competition. But it also means this niche is well organized and works efficiently. You just need to find the right niche in it for you and work with it.
Learn from people in the same business
Online travel operators can provide you with their referrals and help you making an informed decision about your home based travel business. Ensure that you visit their websites and find out the type of support that is available and the offered benefits.
It is also important that you ask about their agency's licenses, affiliations and other important credentials. You can also check their credentials by contacting the Better Business Bureau. Ensure that you go through several of these home based agencies so that you compare them and come out with an informed decision.
Before you mae your choice about online travel operator that you want to work with, get in touch with other affiliates working for the same company. Ask them about their experiences and problems they might have experienced. This will help you better understand what it takes to run an affiliate travel business and how to deal with the potential problems that might arise.
Follow your country and state laws to register the business
Once you have registered, it is advisable that you open two different bank accounts for your business. Let one of the accounts be for holding all your business finances. The second one use it to keep money from your clients. Check also about other legal requirements you might have for running your business from home.
Join the travel agent associations
Register as a member of the travel agent associations, if applicable. This will help boost your online credentials. Membership also helps in raising the customer confidence in your business. Your business partners will also have more belief in you.
Enquire about the ongoing education
Some travel agenct associations offer free seminars on how to run your business. Try to find out about these seminars and attend them. This will help you learn from successful agents who are already in this business. You can also look for companies that offer online courses about starting home based travel agencies.
One of the easiest places to start a new business is Australia. If you are not a citizen of Australia, get yourself an Australian visa and visit the country. This will increase your travel knowledge and help you explore different possibilities, such as moving here.
Ruby Andrew’s author bio
Ruby Andrew, an avid reader and blogger and author by profession lives in Bristol, UK. Since her early years she’s had a passion for writing. As a writer, she could pen down on any topic that come across. Her areas of interest are Travelling, Fashion, and Lifestyle. She works as a guest blogger for different sites and currently writes on behalf of Australian visa and you can contact her through G+ profile - https://plus.google.com/u/0/+RubyAndrew/posts
Updated on 7. April 2020
Home Based Business Infonet