Yes, it is true. You possibly can make money online working at home and can produce a lot of money if you work hard, stay focused and execute. You can build a property travel business and live the Internet lifestyle you usually imagined by operating an on the web home travel business. This article will put to rest any misgivings you could have had about starting an on the web travel business. I won't sugar coat it cheap flights. Actually much of what I have to say will probably cause an up-roar in some areas of the online travel industry. I'm aiming to inform it like it is.
The TRUTH!
Who really Makes Profit Online Travel. The stark reality is that you can't really produce a lot of money reselling other businesses travel products. This statement is directed towards the home-based travel agent market. Yes, its easy to begin with as a home-based travel agent and the online travel agencies can offer you your own personal personalized white label branded website, including quality customer care but ultimately you're NOT building a small business, you're only paying yourself a salary.
Don't be fooled.
I'm amazed at the quantity of junk that there surely is online on the market catering to the make money online at home crowd, touting selling travel since the approach to freedom and riches. This the fact is probably the main fact anyone will ever tell you if you're just considering entering the online travel business. Allow me to continue this for you personally yet another time.
It's difficult to become rich and build a business reselling others travel products. You can be rich over time by building a small business that sells your own personal uniquely branded travel products. You may get rich and build a small business if you "own the travel product."
Owning the travel product means that you're contracting directly with travel suppliers under your company's own contracts, you're not just reselling a travel product owned by another travel business, tour operator, travel agency or travel consolidator. Your organization creates the travel product by doing deals directly with travel suppliers. Your contracts with the travel suppliers become your businesses own unique inventory for the travel products you will undoubtedly be selling. The newest travel product becomes your own personal brand. Your online travel business sells the travel product straight to consumers online or wholesales it too other travel agencies, travel agents, tour operators and resellers.
The Home based Travel Agent Dilemma.
I know I'm opening up a can of worms here by disclosing these details but it's actually the truth. My intent is not to knock anyone down but to provide insight into how the online travel business really works and showing you WHO is actually making the money and how you may make real cash by deciding from the start to actually build a business.
Yes, if you want to make $20,000-$50,000 working at home then reselling cruises or popular travel products will be the best choice for you but if you want to make real cash, six or seven figures and you want to build a small business that has real tangible value and can be sold later then you definitely need to develop and sell your own personal travel products.
The Internet is NOT causing Travel Agencies too shut down.
I think that the key reason that brick and mortar travel agencies are closing isn't because of the Internet but because all they're really doing is reselling others travel products. The Internet contributed to the destruction of the traditional brick and mortar travel agency but the largest aspect in the down fall of travel agencies and travel agents in the travel industry is as a result of fact that they are not selling anything unique or different from anyone else. It's really a small business model established to fail in the long run.
How do you own your own personal travel product? You can own your own personal travel product in two different ways.
1. Your organization acts as a travel supplier providing tours, guiding, travel and tourism related activities or you own a lodging property.
2. Your organization partners with several travel suppliers to resell their individual travel products under a unique package that you own.
What sort of Online Travel Business do I have to start where I could own my own personal travel product, sell packages and build a real business?
-Online Travel Agency
-Online Tour Operator
-Online Tour Guide
-Online Travel Broker
-Receptive Tour Operator
-the Hybrid
Let's discuss a little about each type. There are lots of directions you can go.
OTAs or Online Travel Agencies traditionally sell everything underneath sunlight; including lodging, air, cars, vacation packages, and much more. On a hierarchy level of all online travel businesses, this would be the priciest and most challenging form of online business to start. It's doable don't misunderstand me it'd simply take much longer and be more costly to startup.
In the event that you second tier niche and concentrate on contracting your own personal lodging deals and contracting with activity suppliers you may easily build a smaller more focused OTA. Another option would be for you yourself to make use of the Global Distribution System (GDS) for air, car and for lodging you could not contract yourself. I don't recommend this last option as you'll be just reselling product you don't own but so long as you can combine the non-owned GDS products with your own contracted travel products you may create a nice win-win for underneath line.
Online Tour Operator's sell dynamically packaged trips and pre-packaged trips to vacationers. I think building an on the web tour operator business is your very best option at developing a successful online travel business.
Now i'd like to first claim that the name is just a little miss conceiving because of the word "Tour." There's a positive change from a tour and a trip. On a tour there usually is just a tour guide or person leading the tour with the travel participants. On a journey the traveler is traveling on their own or with others but there is no tour guide involved. In the travel business they call this a FIT trip, Drive vacation or Fly-Drive package.
I favor selling trips, where in actuality the traveler buys a tour or trip product then attends the trip on their own by themselves time. The reason being for this is two parts.
1. You don't have to be the tour guide and you don't have to hire one either.
2. You've 100% more freedom by not actually participating in the tour itself. Consider of the time involved of actually going on a tour with an organization or individual people.
We operated tours when my spouse and I owned the Yellow Breeches House Fly Fishing Lodge and B&B. We ran fly fishing excursions with lodging and guiding. Guess who was simply among the guides? Yes, you got it. Yours truly. I wouldn't change yesteryear for anything. I learned so much from being truly a fly fishing guide and having a lodging property. I recently wouldn't want to run that form of business again. You will find much better travel business models out there. That's part of the beauty concerning this report is that I'm able to generally share some true life, realities for you.
Sell Trips not Tours. That is the main thing I could tell you regarding wanting to reside the Internet life-style and working at home enjoying the freedom that arises from owning your own personal online travel company. You won't be living any Internet lifestyle if every week you're giving tours.
Online Tour Guide's provide tours to individuals and or groups. If I didn't scare you faraway from above that's ok, the tour guide business is a superb business and it's easy to begin with with limited investment. This is a superb business to enter the travel business and starting studying how to create a business.
If you love working with people and spending much of your time outside then this is just about the best travel business for you. That is serious work, day-in-and-day-out, when you are always outside in the elements. This travel business is actually a stepping-stone for you yourself to then go ahead and build an on the web tour operator business. I have an excellent friend that owns a kayaking guide service. He runs eco-adventures that include island dreaming about three to five nights. He just loves it.
Allow me to share a little strategy with you that will totally change the manner in which you build or grow your existing tour guide business. Hopefully right now you'll already see it and be way before me but if not here it is.
Create packages for your tour guide business which includes lodging, meals and your guide or tour service. You probably sell trips, guiding and or tours being an hourly or day product. Take the next phase and package in lodging and meals and maybe a next activity. Sell packages to your clients and you'll super-charge your revenue really big way.
Example:
Take a current kayak guide that sells day trips for $250 for 2 people. Now create overnight packages. Create a new product line for your business cheap flights.
1. Contract with a lodging supplier to purchase lodging for your kayak packages.
2. Contract with two local restaurants to purchase dinners for your kayak packages.
3. Sell a 2 night, 1-day kayak excursion, with 2-dinners. Earn money off the lodging, dinners and a 3rd activity and you can seriously start adding more profits to your business.