Welcome back to the blog ladies and gents. In this post I am going to be talking about a great business model you can run from your dining room table; a home based travel agency. More and more people are entering the industry as the demand for travel and package holidays increases dramatically year on year. So why not cash in on this unprecedented level of demand and enjoy the freedom of working from your own home, or even be location independent!

There are many effective ways to make money online from your home but a home travel business is by far one of the most tried and tested methods. You can start a home travel business and enjoy the freedom of the online lifestyle without ever having to worry about the rat race or the commute to work in the middle of winter ever again. I will put to bed and doubts you may have had about starting such a business. There is no getting away from the fact that is quite a big step to quit your job and go it alone. It definitely requires belief in oneself and dedication. I will endeavour to share the realities of running such business, warts and all, so you know exactly what to expect. You can find further info here: http://www.homebasedtravelagent.com/

Home-Based Travel Business

You can easily set up a home-based travel business by buying into a franchise or a company that offers branded white label website. But who really makes the money here? If you take up one of these deals it will be written into the contract that you must only resell the parent company’s products and services for a standard commission. You are not able to source or create your own products so you will never make the big money you have always dreamed of. You will effectively be working for someone else as an agent, not building your own business.

To be able to really make decent money in this industry, you have to “own the racecourse,” so to speak. You need to packaging your own unique travel products rather than reselling somebody else's. Doing this means that you are buying directly from the travel supplier on your own terms and under your own contract. You are cutting out the middleman and creating your own inventory of branded products. You can then sell these directly to the customer or at wholesale to other travel agents or operators.

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Traditional Business

The traditional bricks and mortar travel agency has been in decline for some years now. This is for a number of reasons. Firstly, the convenience of organising and paying for a holiday or travel online has a distinct advantage over physically going into a travel agency. Secondly, the traditional travel agencies were only re-selling existing products. The advent of the online travel industry has seen the availability of unique and bespoke travel products boom on an unprecedented scale. This has rendered the traditional travel agent obsolete. It is this ability to own and provide a unique and bespoke product that is the secret to the success of the online home-based travel business model. Thirdly, a bricks and mortar business has overheads to pay that are just not applicable when working from home, giving a home-based business a distinct advantage.

I.T. Equipment

Of course, if you are going to work online you are  going to need a solid I.T. system to conduct your business properly. This kind of business can, in reality, be ran from something as humble as a laptop computer. But when not traveling yourself, it is advisable to have good quality desktop computer system with a reliable backup system; either an external hard drive or the cloud. It doesn’t have to be state of the art. In fact you can probably find all the I.T. equipment you need to get up and running at a bargain price online. Just have a look at the second hand and used classified ads here: http://www.for-sale.co.uk/desktop-computer

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How to create and own a travel product?

There are two ways of doing this. You can create your own tourism related activities to sell or lease accomodation in your own property. However, this is both labour and financially expensive to do. A more efficient way to create your own travel product is to partner with two or more other travel suppliers and simply bundle their respective products together to resell as a newly packaged and branded product. Simple!

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If you love dealing with people then this could definitely be the career option for you. Not only does it give you the flexibility, freedom and financial rewards that you have always wanted, but also provided a level of job satisfaction that is rivalled by very few other industries. Creating and providing people with their dream holiday on a daily basis is indeed a gratifying endeavor. You will sleep well at night knowing you have added value to the world.

 

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