megabucks are significantly high if you will be persistent. In case you are willing and ready to venture into this lucrative industry, you need to be acquainted with the specifics on how to start and successfully operate your home based travel agency. This goes a long way in giving you an edge considering the fact that this is an industry that is characterized by massive competition.
How to start a home based business as a travel agent
First of all you
How to build Customer/Client
One way through which you'll be able to build a solid client base as a home based travel agent is by persistently spreading the word about your business. A good idea is to think of your friends, family and neighbors as well as your colleagues. You also need to go a notch higher and create contacts with special groups, associations, book clubs and other relevant groups from which you can find potential clients.
You also need to come up with a marketing strategy that will keep your business ahead of competition. This involves designing promotional materials such as business cards, brochures, newsletters and flyers and then distributing them to your prospects.
Setting up a home based travel agency does not incur substantial expenses firstly because you don't necessarily need to rent office space. All you need to start a travel agency is a computer, a good website, reliable internet connection, phone and marketing materials to keep the business
Other expenses that you may also incur in the process of setting up a home based travel agency are in terms of purchasing insurance policy. This is because you need to be cushioned from lawsuits or settlements that may arise in course of doing business.
Potential earnings as a home based travel agent
Your knack for attracting and retaining clients is what will largely determine the amount of money you will make in this business. If you are an experienced travel agent, you could end up earning an annual income of between $40,000 and $100,000. For a new travel agency, you stand a great opportunity of making $20,000 in your initial years of operation. This is in addition to discounts that you'll be getting once in a while if you
Permits and licenses required for this business
You need to be in possession of an employment identification number (EIN) as you start a travel agency. This is because it's is what proves to the federal government that your business is tax compliant. A sales Tax License may also be needed, more importantly if your services include selling tour packages and airline tickets. Another requirement is the IATA number, which is issued to travel agents after meeting a certain revenue requirements for running an agency. The IATA number is quite essential in giving you recognition within the travel industry and so it helps quite immensely in making your business grow.