Every terrific travel company has to establish what type of travel company they want to be. Below we discuss the different methods travel is sold and also the associated organization procedure name/description.
1.) Tour Driver – Traditional company that contracts resort areas, transport, as well as added excursions/events for its guests. Tour drivers market straight to their guests as well as permit travel agents to re-sell their scenic tour plans for a compensation. The trip driver is the vendor and also the travel representative is the sales agent marketing to the public. Start-up capital required – minimal $20,000.00.
2. Typical Travel Agency – A conventional travel bureau organizes travel for their guests and re-sell scenic tour operators items. An instance of a travel agency company version is Freedom Travel They re-sell prearranged resort and trip bundles set up by trip operators. Traditional travel agencies usually offer in person with their customers, over the phone, or via email. Start-up funding required – minimal $6,000.00.
3. Online Travel Agency and/or OTA – These companies are 100% online. They acquire hotels directly or through a 3rd party wholesaler. They after that make use of a direct link with the airline companies to package trips and resorts with each other. Generally they supply a contact/call facility to help individuals scheduling online, however most of the times they schedule 75% of their business online. Instances of this version include Expedia.com, Booking.com & CheapCaribbean.com. These firms began very small as well as have expanded to be huge firms, as well as seem to be the biggest sale of travel associated items worldwide. Start-up resources required – minimum $100,000.00.
4. Travel Associate Programs – This is the most recent model, with the least quantity of resources needed to begin, and zero straight consumer interaction. Online travel agencies as well as tour drivers pay associate sites to promote their travel deals/specials as well as when a possible consumer visits the associate travel website as well as clicks on a deal, the trip operator or online travel agency pays the travel affiliate between $0.10 – $4.00 for the “click” when a potential visitor leaves the associate site to be required to the excursion operator or on-line holiday company web site. Some trip drivers and also on the internet travel agencies offer up to 10% commission if a visitor reaches their websites via an ad they clicked situated on your travel associate site as well as finishes as well as pays for an appointment. Start-up prices – $0 – $4000.00.
We’re not partial to one model over any type of various other. However we should point out that the associate model is the best means for somebody with limited resources, that wants no customer service obligation, an easy (almost hands off) approach, as well as the fastest way to make money. If money is your incentive as well as you want to earn it quickly, the affiliate version is the means to go.