In the days when the travel industry is booming, everyone wants to have a piece of that trillion-dollar pie. Baby Boomers want to travel, retire with having more money, and help their kids financially. Baby Boomers have been looking for ways to create retirement plan, and some of them choose travel industry. Companies promoting travel discounts, travel agent programs, or just travel clubs are swiping the nation.
Among dozens of travel business opportunities, what is the best way to choose the best travel business?
There are few tips I would love to give when you are searching for the best fit.
First of all, you have to decide if you want to build MLM business or direct sales business. It could be from a home-based travel agent program to selling timeshares or travel club memberships. MLM model takes time to build so you need to be prepared to dedicate your first 12 months to build the foundation. However, if you are looking for the way to get paid today, which I call it “GET PAID TODAY MODEL”, then you need to look at the companies that offer commissions from 500 dollars to 5000 dollars and more.
Secondly, make sure the management team of the company has a good reputation in the business field, and also it is very important to remember that they do have travel professionals who will train you and assist you in becoming a travel agent professional. Ask questions about what kind of vendors they work with, what discounts travel agents get being with that particular company. Vendor Trainings are very vital in the travel agent business. Usually they are free, and it is best if they performed virtually in the comfort of your home.
The last question I would ask is the commissions you will receive. Make sure it is at least 60% of the booking fees. Also ask what percentage certain vendor pay to that particular company. Some vendors like Caribbean cruises pay 5-15% to the Travel Company and you get paid 60-70% out of that.
Third, find out what type of marketing they offer. Times changed and not many people want to do belly to belly networking. The technology allows now creating various pages, webinars, and online presentations to bring message to the audience. If you are an online person, you would not want to work with someone who does hotel meetings or home parties. You need to find the team that meets your goals and requirements and a sponsor who will guide and train you. Ask the person who introduced you to the business if you can attend the training calls, so you will know at what level of the professionalism it is done.
Fourth, make sure there is a value in what you do and offer to people. You are in the business of serving others and not ripping people off. Travel is exciting, and it attracts people of all ages. There is no convincing here. Anyone can do travel business if they love traveling. Also no matter how much the start up costs for your travel business, care about your prospects and show them you are interested in them. They might build you million-dollar business! Invest your time in others and help them because it will pay off in the long run.