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If you would like to run a business that is somewhat cushioned from the vagaries of the national economy, learning how to start a travel agency can be a profitable activity. Though various vacation firms have gone out of business over the last few years, there is still massive scope for small travel agents to make handsome profits.
An independent agency would not have the problems of overstretch that faces many of the larger companies that have a presence in almost every town and city. Setting yourself up as a travel agent is not the same as being a tour operator, the latter organizes vacations whereas the former sells them.
Though a small agency may not be able to compete with established companies in terms of price, were there is an advantage is in customer service. Consumers today are willing to give their custom to businesses that have excellent customer service at the cost of paying a few bucks more.
Be under no illusion that it will take hard work to see the fruits of success. At first you will need to put in a lot of effort and long hours, but within six to twelve months you should be able to relax and enjoy the activity a lot more. The motivation should be one of providing a good service and working in the travel industry rather than focusing overtly on making big bucks. There are a number of paths that can be followed when wanting to start a travel agency. It is important to choose the route that best suits your current commitments, and your personal ambitions and goals.
If your plan is to have low overheads and big profits, a home based business may be the way to go. Thanks to the internet, setting up a company that you can run from the convenience of your own home is not that difficult. All that would be required is to register yourself as a proprietorship, gain some accreditation, and start advertising your service. There are many advantages on offer through working online, for instance your potential customer base would not be restricted to a single geographic area.
Perhaps the idea of developing a business from the ground up is too daunting, if so there is always the option of buying a franchise. With a franchise you would already have a well put together business plan and a name that is known to consumers. The downside to this approach is that you may have to conform to various business practices that you don?t always agree with.
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