How to Understand, Start, and Run a Profitable Online Homebased Travel Business
Looking for a Home-Based Business? Look no further.. or at least until you read this entire article. We think your perspective may be greatly broadened by why you learn here.
Are you searching for the Best Home Based Business? Recent polls show that over 70% of us are seeking such an opportunity. But does something like this really exist?
Here’s the problem: if you asked ten different people what the “best” home business was, you would probably get ten different answers. The truth of the matter is it really comes down to finding the best one for YOU.
We are all coming from unique backgrounds. Each of us first has different wants and needs, and want or need will determine what is best. Then we all have different abilities, and yes.. your abilities DO match up to what might be the best for YOU. What’s best for a friend or neighbor and might work for them might be a total mismatch for you. This article will give you a good insight and provide a direction on what is one of the most universally agreed upon as a “Best” business.
We all have different interests and personalities, interests, abilities, and personalities. We have different weaknesses and strengths. We also come from all sorts of different circumstances. So it makes sense that not all of us are going to be interested in the same home-based business opportunity.
If there was truly ONE business that was for everyone, can you imagine how competitive that field would be? It would be VERY hard for anyone to make any money!
You have probably seen advertisements all over the internet about THE #1 income-making opportunity. Don’t get fooled by all the so-called ways and opportunities to make easy money. There is no such thing.
That’s where this report comes in. This article is NOT a comprehensive list of reviews of the thousands of home-based business ideas out there. It’s an article that tells you some parameters of a good home-based business, then discusses the travel industry. We give you the pros and cons both of a job and being in business; we tell you the history of our industry, and then why it’s so good and the place to be right now as it rides two major trends: Travel and the Internet.
I have researched and tried (sometimes failing miserably) many of those businesses, both online and in the real world, BUT, I have found and chosen something that is a legitimate way to make a great income from home. That’s what this is about. It’s a great fit for me, but because you are NOT me and probably have a different personality (thank heaven!), it may not be for you.. and that’s ok. But if you see things as I do, and as is presented here…
The best home-based business for ME is a HOME-BASED TRAVEL BUSINESS. I know it will also be for many of you.
But other than the fact that I’m just a normal, ordinary guy with no special talents.. and in fact, I’m probably older than most readers at 69 and I started this just last year, this article is not about me. It only points out that anyone can easily get involved in the home-based travel business. This is about YOU and what YOU want from life and your “working hours”, whether you are a stay-at-home-mom, a retiree, or any other category.
So the question becomes, out of all the various choices: Why start an online travel business?
We are going to discuss first the “Why”, then a little about the various types, and then the “how”. This will take some time, so grab a beverage of your choice and read on. In fact, I suggest you print this out while the coffee is brewing so you can really digest it. Mark it up. Pencil in questions.. and let’s get going!
First and foremost, when choosing a home-based business, it’s really important to ask yourself “Why” are you doing this, and are you prepared to take it seriously and treat it like a business? That means regular hours of commitment of time and a commitment of money as any and all businesses you own are going to require some degree of investment.
This is probably as good of a time as any to differentiate between a JOB and a Business. ..
A job, including a home-based “job”, is one where you are going to essentially be trading time for money, and the assumption is that you have an employer of some sort who is going to pay you either on a dollar value per hour spent, or some dollar value for certain products.
That production could be sales production as it often is; it could be manufacturing production, or it could be service production.. so many envelopes stuffed; so many calls made, so many of about anything done. That person is going to pay you for that, but you know that person or company is only doing this because they are going to make a certain amount of money on you.
You are essentially paid what the job is worth; what the employer could get a replacement for you. Regardless of your skills, you are not being paid what YOU are worth, but what the job is worth. By accepting this, you get some degree of security knowing that if you do “the assignment” or “the job” you are going to receive a certain, predictable amount of money.
You may even receive some benefits. But “security” is a joke because everyone knows that there is very little security. First, the employer must remain in business. He must have a market for whatever it is you are doing, and markets change. Next, your value is relative! Maybe that employer has a cousin who would like to do your job, or maybe someone comes along willing to do your job for less money. How secure are you? People tell me every day, “I don’t want the risks of a business.” Guess again, everyone! You certainly have RISK as an employee as well!. And as to investment… well, many businesses have employee-borne expenses, and even the IRS recognizes this. It’s just that there are SOME “out there” that don’t require any CASH investment, but don’t kid yourself.. you ARE making an investment, only it’s hidden in the fact you’re paying it in work and in the sense that you’re not being paid as much as you might if you absorbed certain expenses yourself.
In contrast, a BUSINESS, including a home-based business, is one where you choose and control whatever it is your business makes or does. It could be virtually anything, and probably the best business is one where you control the product or service. Here on the internet, Information products are tops; these are followed by service products. Then comes those things you manufacture or make, and finally, there’s the category of items someone else controls but makes available to you for resale. Affiliate programs fall into this category.
But you really need to be aware that if you are going to have a BUSINESS you are going to have business expenses, even a home-based business. These are the expenses of the office first, and then you may need to have some product or have been a user of some of the services so you truly KNOW what you have and can do business from a credible point.
The product or service should be one of value that if you were the buyer, you’d consume yourself at retail. Watch the line though… you don’t want to get into a business where you are required to purchase X dollars amount of product every month, whether you can use this or not. That’s not a legitimate business.
Depending on your philosophy, you’ll probably agree that it is very important to choose a business that interests you. Pick one that you will enjoy doing, ideally something you are passionate about. Think about it, if you are going to start a business from home, it makes sense to choose something that you will enjoy. And if you enjoy it, then you’ll probably learn more quickly and have your heart more into it when the going is tough.
But we’d put just a few things ahead of this and put “enjoyment” as a luxury. Those things are market size and market growth. Where is your business product or service in terms of the life cycle? Is your market expanding and you can ride a wave, or is it declining. And what are the market size and potential? Will there be a business available for you in 5 years? Ten?
Then lastly, we’d probably mention that the business should be ethical and compatible with what you believe. Many people who research businesses, particularly Internet businesses, know that the porn and gambling industry meets the criteria of growth and market size. You may be tempted to look in those areas, and if you are, kindly close this report or article and tear up your paper copy. This is not a part of the business world we want anything to do with. Money and income are just not that important to us.
After evaluating many, many, many businesses and participating in several since 1969, including an early successful involvement with Amway, then Free Life, and a couple of others, including a few that just didn’t “go” for us, we became aware of the opportunities in the online travel business. This is a business model that has just evolved over the past few years and is now in full momentum.
Think of all the baby boomers that will be retiring in the coming years. And what do people like to do when they retire? What would you like to do when you retire? If you’re like me, travel is probably very near the top of that list.
That is why the travel industry provides the perfect business for opportunity seekers. It is simply taking advantage of a trend that is just starting to gain momentum. When looked at as a home-based business, it rides the second trend: the growth of the Internet as a business medium.
Let’s look at how and why this has evolved into a viable Internet-Based Travel Business.
People “booking travel” for others has evolved possibly in three stages. We also should consider the two major market segments: Business travel and personal or leisure travel, and in the latter category, we’d include as a very close association, travel and leisure, and recreational activities and lodging. We are going to focus on personal leisure travel and the recreational travel market.
How Do You Get Started?
First, you learn about the 3 major consolidator firms offering travel, and if you just let the word out that you are looking for a home-based travel agency or company, you’ll find that these people find you very quickly. Or you can do an Internet search using terms like that and find them. Most of the firms have a fairly similar makeup in that they are offering an entire travel package or membership for a fee. This entitles the purchaser to the inside track on deeply discounted travel services.
If they are essential all the same, what do you look for? We focus on a legitimate business first on the product, so we look for product value. We look for a company with the flexibility and a product mix. Not all people want to travel internationally, so is there just a domestic package? What is offered that you or your customer can do when they get to a destination? Are there name resorts and theme parks? Golfing? How about great meal discounts, as we all “eat out” when we travel? We know cruising is “big” but we know the cruise lines vary from very family-oriented to “swinging singles”. Is there a good mix? How about time limitations on the travel package?
As a business, what kind of support tools are available? Training is a must and is it real, and in real-time, with real live people, you can talk to and ask questions of? A solid, reliable website is a must. Does the firm you are looking to join provide one? None will do a good site free, but is this a fair and reasonable cost?
Will you have access to a personal mentor? Can you become a certified, card-carrying travel agent as well if you want?
These are but a few of the questions.
The “How Do You Get Started” in the home-based travel industry is best summarized by 3 words: “Do Your Homework”
Well, now that you know some of the histories, let’s look at a couple more things, starting with some of the advantages of this, particularly in comparison to other options you may have selling nutritional products, informational products, skin care, diet products, or many others.
Aside from the money-making potential in our industry, there are many other advantages.
It is easy to start. This facet never ceases to blow me away With the invention of the internet, businesses that have traditionally always been brick and mortar establishments are now available to all of us. The internet makes it easy for everyday people like you and me to start a small business online. We can reach people all over the world, 24 hours a day, 7 days a week from the comfort of our own home. People can be checking out your business while you are sleeping, on vacation, or whatever. Phone services like Skype let us actually talk to people all over the world (one of us might be sacrificing some sleep due to time zone differences, but technically, it’s possible!)
Your business is relatively inexpensive to start, particularly compared to a more standard travel agency business. Because you no longer need a regular office, insurance, employees, or businesses. In fact, if you set up a legitimate IRS qualifying home office, many of the costs you have at your current home now become tax-deductible (see your accountant, and if you don’t have one.. get one. Maybe you can even barter some travel services for HIS services).
Your potential clients include almost everyone. Who doesn’t like to travel or need a vacation? And if the economy slows, your business grows! Previous travelers who thought nothing of paying full price now start to look for discounts.
You can save a lot of money on your own travel. What’s the point of owning a business if you don’t get some fringe benefits? With a home-based travel business, you become eligible for some incredible discounts. And because you are your own boss, you will have more free time to go on vacation and take advantage of these discounts.
Is there a downside to a home-based travel business? Sure, there is in any business.
Travel is a very competitive industry. In order to have an edge, you have to differentiate yourself from the rest by branding yourself with a superior product. Those who read this article and find a specific interest and contact us as the author will be given some very specific knowledge on how to do this and succeed.
Other than that, I have not come across any other disadvantages to home-based travel business.
We hope you have found this article to be greatly helpful and look forward to seeing a few of you join us in this exciting industry soon.
ABOUT THE AUTHOR: Joe Leech has over 25 years of experience in the home-based business industry and writes about the most current and successful business trends.