If you want to work from home as a travel agent, one of the biggest decisions you’ll have to make initially is whether to be completely independent or a franchisee.
Listed below are some of the main pros and cons of each approach to help you make up your mind.
If you become a work from home travel agent with the backing of a franchisor, you will have access to their buying power. This means you’ll be able to offer lower prices to your clients and are therefore more likely to attract new business.
Knowledge and expertise
Most travel agent franchises come with initial training and ongoing support. This can be invaluable in the early stages while you’re trying to build up your travel agency business.
Many travel agent franchises require an initial financial outlay. However, there are some that don’t; instead they take a percentage of your monthly commission.
Restrictions on what you can offer
If being in complete control of your work from home business is important to you, a franchise may not be the best option. As a franchisee, you’ll be restricted as to what deals and packages you’ll be able to offer your customers.
There’s certainly more flexibility with being an independent travel agent. For example, you can change prices, add new destinations, or choose to focus on a specific niche whenever you want.
Being an independent travel agent means whatever profit you make is yours to keep. There are no monthly deductions or franchise fees to pay before you’ve even started.
Lack of support
If you haven’t run a travel agency before, the lack of support could result in you making some basic errors while you learn the ropes. It’s hard to put a figure on how valuable it is to have someone experienced to turn to for advice when you work from home as a travel agent.
Harder to compete on price
Without the bulk buying power of a large, established travel agency behind you, it’s likely your prices may be higher than your competitors’.
While that’s not the end of the world, you will have to work harder to add extra value to your service in order to be successful.
Author Bio: The Freedom Travel Group has opportunities to become a work from home travel agent with the benefit of being part of the Co-operative Travel Group. See their website for more details http://www.freedomtravelgroup.co.uk/