Starting a travel agency may be the perfect way to ease out of your current job into a stimulating new career. Whether you simply want to earn extra income or open a full-fledged agency, the exciting world of travel provides a good business opportunity. It is a massive industry that shows no signs of slowing. If you love to travel, it can be an ideal work-from-home business with the irresistible perks of free- or reduced-price travel for you. We’ll discuss ways you can kickstart your travel agency.

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Agency Basics

The travel industry is primarily a commission-based field, although agencies provide some fee-based services. Consequently, you will want to find the suppliers who offer the highest commissions, low or no quotas, the fewest commitments, and the fastest payouts. You may not get all those things from one supplier, but it’s good to know what to look for. Industry experts suggest that earnings may be slow at the beginning, but the earning potential can be high depending on how hard you want to work.

Because your income is commission-based, you may have to face the fact that the harder you work to reduce the cost of travel for your clients, the less you may make. Along those lines, you’ll want to ask yourself if you are comfortable selling to your friends, family, or co-workers and if you are cut out for cold calling, which is an integral part of the business.

As an agency, you will be representing many different travel providers such as airlines, cruise lines, hotels, and rental cars agencies. Getting acquainted with all of them and learning the ropes may take some time, but that’s what will make you a valuable resource for your clients.

Building a Clientele

It’s possible for anyone to book their own travel online so why would they use a travel agency? You will want to create some distinguishing characteristics that will convince people to seek your services. Some of the services you can provide are insider knowledge of deals and locales; the ability to handle complex itineraries; and the reduction of time, headache, and hassle for people who are too busy to do it on their own. Essentially, you’ll be in the business of saving time for people, an extremely important commodity in today’s overly busy world.

To make your agency stand out from others, you may also want to consider specializing in an underserved niche, such as ski trips for the disabled or eco-tours for people with school-aged children. This will distinguish you from your competition and may provide the boost you need as you start your business.

Time to Incorporate

There are many legal, financial, and tax considerations to address, but not everything about starting a travel agency has to be a challenge. When you have decided whether your new agency will be a Limited Liability Company, a Corporation, or some other legal structure, incorporating can be relatively simple. Our online incorporation tool provides customizable legal forms to help you with this important step so you can be on your way to help your clients take the vacation of their dreams.

Get started Start Your Incorporation Answer a few questions. We'll take care of the rest.

Get started Start Your Incorporation Answer a few questions. We'll take care of the rest.