How Travel Agencies Earn Money
A travel agency earns money by collecting service fees for each portion of the booking that has been completed successfully. Service fees vary depending on the complexity and duration of the trip. Travel agents have access to exclusive deals and promotions that may not be available to the general public, leading to better prices, upgrades, and special perks.
Can Being a Travel Agent Be a Side Hustle?
Becoming a travel agent as a side hustle requires dedication and good organizational skills. It can be a rewarding venture where you assist clients in planning and booking their trips, provide valuable advice based on your travel experiences, and explore different cultures. Despite requiring time and effort, if you’re passionate about travel, it can be a lucrative side hustle.
Is Starting a Travel Agency a Good Idea?
Starting a tour operator business can be highly competitive and constantly evolving. The process can cost anywhere from $1,000 to $100,000, depending on the type of agency you choose to start. It’s essential to find a great location for your agency and consider operating under a host agency to avoid hefty start-up costs. Formal certification programs can also help in establishing credibility.