Every fantastic travel company has to establish what sort of travel company they wish to be. Below we go over the various methods travel is sold and also the associated business procedure name/description.
1. Trip Driver – Typical company that contracts hotel spaces, transportation, and also extra excursions/events for its visitors. Tour operators market straight to their visitors and enable travel agents to re-sell their scenic tour packages for a commission. The scenic tour operator is the supplier as well as the travel representative is the sales agent marketing to the public. Start-up resources needed – minimal $20,000.00.
2. Standard Travel Bureau – A traditional travel agency prepares travel for their visitors and also re-sell excursion drivers products. An instance of a holiday company model is Freedom Travel They re-sell deliberate resort as well as flight bundles arranged by scenic tour drivers. Conventional travel bureau generally sell face-to-face with their customers, over the phone, or via e-mail. Start-up funding required – minimum $6,000.00.
3. Online Travel Agency and/or OTA – These companies are 100% online. They contract resorts directly or with a 3rd party dealer. They then use a straight connection with the airline companies to package trips and resorts together. Generally they provide a contact/call facility to aid individuals scheduling online, nonetheless in many cases they book 75% of their service online. Instances of this model consist of Expedia.com, Booking.com & CheapCaribbean.com. These companies began really little as well as have grown to be large firms, as well as seem to be the biggest sale of travel related items worldwide. Start-up capital required – minimal $100,000.00.
4. Travel Associate Programs – This is the latest version, with the least quantity of capital needed to begin, as well as absolutely no straight consumer interaction. Online travel bureau and also excursion operators pay affiliate sites to market their travel deals/specials as well as when a possible consumer sees the associate travel site as well as clicks on an offer, the excursion operator or on-line holiday company pays the travel affiliate between $0.10 – $4.00 for the “click” when a prospective guest leaves the affiliate site to be taken to the scenic tour driver or online travel agencies web site. Some tour drivers and also online travel bureau provide to 10% commission if a guest reaches their internet sites by means of an ad they clicked on located on your travel affiliate website and also completes and pays for a booking. Start-up prices – $0 – $4000.00.
We’re not partial to one version over any other. Nevertheless we ought to mention that the affiliate version is the most effective means for someone with minimal resources, who wants no client service obligation, a simple (almost hands off) method, and the fastest method to make money. If money is your motivator as well as you want to earn it quickly, the affiliate version is the method to go.