A home-based travel club offers enormous opportunities to generate revenue and network with like-minded people. Starting a home-based travel business in comfort is possible now, thanks to the proliferation of mobile devices and high-speed internet technology. Contrary to popular opinion, it does not cost you a lot to start your own home based travel business. All you need is a well-orchestrated plan and a reputable club host platform to get started. With low start-up costs, discipline, and consistency, you can enjoy a flexible and profitable stream of revenue. So, here’s how to kick-start your entrepreneurial journey with a step-by-step guide.
Step 1: Create Your Business And Marketing Plans
The most crucial step is to create your business and marketing plans. Understand that you are a new home based travel agent in the market and you haven’t tested the waters yet. Therefore, it makes sense to make your business and marketing plans before you jump in too deep. Choose the direction you want to go in terms of finances and flexibility. Whether you want to partner with the travel club host platform or start from scratch? Also, as you are starting, make financial projections on your business’s revenue potential. This will largely depend on the model offered by the host platform and the level of services that they provides. Plan for a platform that offers proven customer and tech support. This will save you a lot of trouble going forward.
Step 2: Find The Right Travel Club Host Platform
The second step is to find a travel club host platform that offers a strong and reliable foundation to start your home-based travel agency business. You can scour the internet to get a fair idea about reputable travel club builders and providers in the industry. Make a list of the ones that resonate with your business plan and which can offer you a rewarding partnership.
Step 3: Develop Your Financial Strategy
Most people skip this step but it is highly important at the onset. Create a rough financial strategy and set funds aside that can support your travel club for a few months to a year. Additionally, check the initial cost of setting up the travel club host platform. Research thoroughly to know the yearly or monthly membership fees, renewal charges and other key financial aspects. Here’s a link to our ROI Calculator to help you with the process. This step will help you narrow down your choices to those that fit your budget. Set up your business accounts separately. This will make it easier to allocate funds accordingly and keep a tab on your budget.
Step 4: Check Out The Travel Club Host Platform’s Reviews And Expertise
A great way to zero in on the right travel club host platform is by gauging the professional expertise of the company providing these platforms. You can read through online reviews or research them on the internet to compare them. There is no point chasing rainbows. Make sure that you pay attention to details and look for a platform with tremendous professional experience and raving reviews about their member service (after all, they’ll be representing you). You should also check their professional affiliations to ensure that they adhere to the industry’s code of conduct and maintain a set standard to encourage best practices.
Step 5: Pay Attention To The Inventory
The inventory is of utmost importance for home based travel agents. It is what will set your business apart from your competitors. The inventory forms the backbone of a thriving business so make sure to choose a travel club host platform that fulfills this requirement. A seasoned host platform has solid partnerships with all the major airlines, hotels, car rental companies, and other travel brands to offer lucrative rewards and benefits. Do your research well to find out all these details before you sign up with these platforms.
Step 6: Launch A Convincing Marketing Strategy To Find Your Prospects
There is no room for halfhearted attempts while starting a home based travel business. Develop and launch a solid marketing strategy to find potential prospects in your targeted niche. Consider starting targeted campaigns to find potential customers. Work continually to establish it in the market and create brand value.
People also read: The Complete Guide To Online Travel Agencies
How To Quickly And Easily Start Your Travel Club
If you would like to see how Custom Travel Solutions can help you build your own travel club, then book a live demo with us, and we will further explain the process and guide you through the selection of benefits that you could offer.
