Q:

How do you start a home-based travel agency?

A:

Quick Answer

Start a home-based travel agency by determining the exact nature of the business, such as group travel packages or concierge private travel consulting, outlining the revenue models, registering the business with the appropriate legal departments and creating a website for the company. You may also choose to purchase a franchise travel agency or participate in a travel host program, depending on your prior experience in the field.

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Full Answer

Begin by outlining the exact nature of the travel agency business as you create the business plan, which includes an executive statement of purpose and a description of the company's services. This may include starting the agency as a subcontracting company that works under larger travel agencies or as a business that arranges vacation and event packages for local tourists. Each business model includes its own requirements for making money, many of which stem from commissions on selling tickets or reservations through various services.

Complete the business plan by outlining a marketing strategy and compiling a competitor analysis and then choose the name of the company. Register that name with your local tax franchise board and the appropriate governmental travel departments to ensure proper compliance with the law. You also need to create a website for the company, through which you may manage customers and advertise your services. If you choose to participate in an existing travel agency business, you must still register with federal agencies but have more restrictions in choosing a name.

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