If you have noticed of recent, a whole of Nigerians have been venturing into entrepreneurship, and the reasons are not far fetched. We won’t be discussing that for today. But we will be discussing one of the very few and most lucrative business they have been going into and it’s the travel agency business. Are you so surprised to hear this? Well, it might interest you to know that one of the fastest growing business in Nigeria today, is the Travel Agency business and people are now discovering how profitable it can be not just in Nigeria but across the entire world.
What we have also noticed is that majority of those who wants to go into the traveling agency business in Nigeria, does not know how to go about it or how to start and that is why we have decided to make this publication. This publication as it were, will help you on how to start and go about the travel agency business and how to make the most out of it.
You can’t just rely on all I have said here and think you are good to go. Nope. I will advise that you get our Travel Agency Business Plan In Nigeria / Feasibility Study.PDF / SAMPLE FEASIBILITY STUDY for the remaining part of this Travel Agency Business Plan In Nigeria / Feasibility Study., which also includes the detailed financial analysis and current market analysis. pay N10,000 to Place your Order
GTBank (Guaranty Trust Bank)
Account Name – Ogumka Innocent
Account No – 0153723721
After payment text your name, your e-mail address and bank teller number to 07017130778 and you’ll receive your Travel Agency Business Plan In Nigeria / Feasibility Study. / FEASIBILITY STUDY PROPOSAL AND BONUS MANUAL PDF.
You can WhatsApp us via 07041813286 or reach us via our email @ tradewithchapatti@gmail.com
There are different modes of transportation today and people uses different means to travel too. And these movement are different purposes. Some of them include traveling for weddings, vacations, work engagements, business meetings, amongst other reasons. If you d iton’t have an idea of the number of people travelling daily via flight, then look at the number of flights that leave an airport daily. Some people who travel might not stay up to a day in the place they are traveling to while some other persons might even stay up to days, weeks, months and even years. Now, this is where you come in because some people will be in need of traveling tickets from the travel agency while some will need the tickets, hotel reservations, means of transport at the destination and a lot of other things that will make their trip as comfortable and enjoyable as possible.
Have you noticed that many people don’t like to think about details like that because they consider it so stressful? That’s the fact. This how you a travelling agent could be of help to them with it and get good money out of your service. Does this Sounds cool? Now, you won’t just jump into it because there is need for you to sharpen your skills. Just as you have realized that this business is a cool money making business, same way other persons are either into it or are about to get into it. So what do you do? You horn your skill otherwise you will be swallowed by your competition.
Many a times, people don’t just understand what they go in before they go into it. We have seen businesses crash like that. You have to understand what you are getting into, and be ready to do all it takes to get to the top and also do all it takes to remain at the top. One good thing about the Travel Agency business is that it doesn’t require a lot of machines or equipment to run it. Which means you don’t have to worry about the money to make such purchases at all. For those who are sure that they have all it takes to make it in this business and that can be a big shot in this business, we are here to give you some helpful tips that will help you achieve your dream of being one of the best travel agent in the country.
There are essentials that can’t be overlooked in this business. There are some substantial knowledge and experience about the business you are venturing into which you have to acquire else you will just end up blowing up your hard earned money. Having an in-depth know-how about the choice of business you want to go into is so important that it cannot be overemphasized. If you don’t have the knowledge about your choice of business, how will you even know what to do and how to do it. It should be noted that a lot of people who own their own travel agencies in the country began as independent agents and kept on climbing the ladder to get to where they are today. And with patient and steadfastness, they are where they are today. Getting to where they are today, it’s not a strange thing at all or a mere coincidence rather it is very strategic and intentional and is coming from the fact that you have to get your hands on deck as well as the practical knowledge and experience of how to run a Travelling Agency before launching out into the market properly.
When you hook up with an independent agent, he or she will be become show you travel agency is operated that will show you the ropes. Actually, this is the stage that is more like a knowledge and experience acquiring stage so that when you start your own travel agency company you will be armed with the necessary tools to run a successful business. Remember that this stage your mistakes is easily hidden under the belt of learning and experience but when you make certain mistakes as a company they are difficult to rectify as your image would already have been tarnished. This stage will help you grow your clientele base that you will start your company with. This is the stage where you babe to make as much acquaintances as possible because you need every knowledge you can get. Also, don’t forget that as you are at acquiring experience, ensure you get enough professional training. It will be wise that I share with you where you can get this and thatgood place for this is the International Air Transport Association. Here you will have the opportunity to get an adequate professional training as well as an official license for your travel agency company.
In this business unlike in some other businesses, you do not need to acquire a lot of certificates to succeed in Travel Agency Business in Nigeria. Other features in this business is that it thrives a lot more on practical and not just theoretical knowledge. However, obtaining a degree in tourism will be a very big plus on your side if you acquire it and therefore, you should consider getting it because it will give you a little edge in this very competitive market.
We have established the fact that there won’t be any need to purchase a lot of machines or equipment to start your own Traveling Agency business in Nigeria. All you need are basic materials that are required to be in an office, people who are willing to work for you and you are good to go. It will only cost as much as 500, 000 naira only to start your own travel business agency in Nigeria. Do not be so so engrossed with the big picture in mind that you forget that you can start your Traveling Agency business with little cash. Start off small and with patience and steadfastness you will find your business growing and sooner or later you will be among the big shots that you are always admiring to be. But you must be prepared because failure to plan is planning to fail.
When you don’t plan, you fail applies to the Travel Agency Business in Nigeria. When you fail to make conscious plans towards growing your business, you’ll end up just be running from pillar to post. This is where drafting a business plan for your Travel Agency Business in Nigeria comes in. How does a business help you? A Travel Agency business plan will help you put things in proper perspective and become aware of some important details that are very important to the business which you would have ordinarily ignored or overlooked which would have been very detrimental to your business. Additionally, a business plan will help you to know the necessary details about the business you want to go into and how you can go about it the best way possible way you can make the most out of it. A Travel Agency business plan can also be used to attract investors to invest in your business or to take loans from banks so you just have to get it right, or use it to attract grants to your business. Having a business plan will help you to be fully aware of the plans you have for your business at all times and also how you intend to attract and retain customers, your core values amongst others. These are just a few things a business plan can help you do. The importance of a business plan can never be overemphasized.
You can even begin as an independent travel agent and climb up the ladder. However, if you decide to start your business proper, hiring staff is not mandatory. If you feel that you can handle the work load effectively then by all means carry on.
But for those who really want it to be big in their business, then they have to hire staff (s) because the fact is that the number of clients you can satisfy by yourself won’t be the same if you have staff helping you out in your business. The function of your staffs are so important because they will help you to get more work done and faster. The advantage is that it’s much better with having staff or staffs around because there will less stress which is as a result of the fact that the work load is divided and that’s what we call division of labour. When this happens, nobody will be stressed out rather everyone will maintain a high energy and attack every new work with vigor and full concentration.
If there isn’t enough staffs to handle some stuffs you’ll be so exhausted that there will be a lot of mistakes that will happen and some of which cannot be fixed not to talk about money and time that will be wasted also. So you have to decide at what scale and height where you want your Travel Agency Business to operate and that will help you to figure out whether or not you will need staff.
Location: This is very crucial. Now. You can joke with Location in a business. It is a very important factor when talking about a business. So before you think of starting a business, carefully think about your location before you finally making a choice. Because location goes a long way in determining whether or not a business will succeed or fail. However, let it be noted that this differs from business to business, so what works for business A might not not work for business B. Which means, you have to think properly where your services will be required more where you are locating it or not. For example, choice locations for a Travel Agency Business include airports, hotels, car hire centres, flight-booking channels and similar places.
In as much as we have been talking a lot about business strategy, it will be out of place if we don’t focus a bit on the position of your business from the legal angle. Have you heard of the Corporate Affairs Commission? The corporate affairs commission is a body that is responsible for the registration of business name, companies, Incorporated trustees etc. It is very important and necessary to register your business at the CAC so that you can have priority over the name and so that your name can be recognized before the law. Now not just do you have to register your business with the Corporate Affairs Commission but you have to research on the different organizations you are to register with as a Travel Agency to ensure that you go about your business without any disturbances whatsoever from anyone and should incase you fall into any trouble, they can come on to your aide. It is also necessary for you to open a bank account in your business name so you can track better your spending and earnings in the business.
If you are thinking of the type of equipments and gadgets for the business, the essential things you need are a computer system and a reliable internet connection, electricity and if your area has low power supply then you need to have a back up that is an alternative source of power , phones to facilitate communication between you and your clients, tables and chairs.
You can’t just rely on all I have said here and think you are good to go. Nope. I will advise that you get our Travel Agency Business Plan In Nigeria / Feasibility Study.PDF / SAMPLE FEASIBILITY STUDY for the remaining part of this Travel Agency Business Plan In Nigeria / Feasibility Study., which also includes the detailed financial analysis and current market analysis. pay N10,000 to Place your Order
GTBank (Guaranty Trust Bank)
Account Name – Ogumka Innocent
Account No – 0153723721
After payment text your name, your e-mail address and bank teller number to 07017130778 and you’ll receive your Travel Agency Business Plan In Nigeria / Feasibility Study. / FEASIBILITY STUDY PROPOSAL AND BONUS MANUAL PDF.
You can WhatsApp us via 07041813286 or reach us via our email @ tradewithchapatti@gmail.com
How do you make people know about your business? Via the means of Advertising. This is very key to making your business very succesful because if people don’t know about your business how will they patronise you? Running an advert or doing advert must be very strategic. You cannot be advertising anyhow rather you should ensure that your advertisement hits the target audience so that you don’t miss out. We have different and many means of advertising and they include magazines, newspapers, social media, dropping off your travel agency contacts to different Nigerian business directories, bulk SMS. Additionally, there is an important factor to take note of and that’s your business website. I have seen many people ignore this important factor. It is a way to get clients so create a website and make it easy to navigate so that people will find out your services easier. Ensure that your website website is not too technical and difficult to navigate , else people will immediately leave it for the next website.
This field is a very wide one and it won’t be progressive of you to be juggling from one end to the other. Remember What they say about Jack of all trade? Master of none! Since you are just starting, it will be very nice of you to concentrate on a particular area and then you can grow it. Which means, it will be advisable for you to decide on the aspect you feel you are most comfortable with and that you have the resources to handle effectively. For example, you could decide to be providing visa service, helping people get cheap tickets, organizing excursions or arranging different events just pick the one or ones you are comfortable with and fire down. If you streamline what you want to get into, it will make running of your Travel Agency business a whole lot easier for you.
Most of the businesses in Nigeria, have unions and this means that any one who is coming into the business must belong them. There is a lot of benefits in joining these organisations because no man is an Island. Joining them will expose you a whole lot to many people. Those who have been in the business before now and those that are just starting out like you and also you’ll become part of a bigger body. You’ll be able to compare notes and learn from those who have gone ahead of you in the business so that you don’t end up making the same mistakes as they did. Being a part of these organizations and unions will keep you informed and up to date on all the happenings around your business. You will also be privileged to get different informations that can help to boost your Travel Agency business in Nigeria. Examples of such organisations to join include International Air Transport Association (IATA) , Nigerian Society of Travel Agents (NSTA), and National Association of Commission Travel Agents (NACTA). Joining all Organisations isn’t compulsory but it will be very good for you to be a member of the three associations because it means that you will have a better chance at getting useful informations and meeting people that will give you advice or help you to improve your client base.
There is need for you to always be in touch with those starting out in the same line of business, those who are young in the business and those who have been in the Travel Agency business long before you. This is how you become very much aware of the mistakes you would have made and avoid them to avoid wasting money and time, you’ll also know the right steps to take at the right time. This will help your business to grow faster but if you insist on doing it all by yourself, you’ll see that your business won’t grow as fast as you would want it.
With all we have been addressing, I believe that you are now ready to jump into the business of Travel Agency business however let us run through what will make it a success.
1. Acquire as much knowledge as possible about the business you are about to venture into. Application of Knowledge is power. You have acquire all you can about tourism and choice locations, vacation spots, excursion and trip arrangements, visa services, ticket sales among others. You have to make connections with the right people in the business so that you can know how to avoid some mistakes and to grow your client base. In addition be a part of relevant associations and unions.
2. Take your time to Invest in advertisement. Like we’ve established, if people don’t know about your Travel Agency business, they will not patronise you. You also have to make sure that you are not just advertising for advertisement sake rather you are getting your target group. There are various means of advertising which include, flyers, business cards, posters, social media, bill boards, bulk SMS amongst others.
3. Ensure you employ a good customer care service center. Remember that to be Successful in business is not just based on advertising and amassing clients. To retain them also plays a very significant role in it. Therefore, having a customer care is really important as the clients that you have successfully retained will refer other people in search of the same services to you.
4. Acquire the right licence. You can achieve this by getting accredited with the International Air Transport Association (IATA). This implies the following :
a) Have at least four or five workers under you and at least two of them must be well versed in travel agency as well as airline business.
b) when you start, your office should have at least Four computer sets, reliable internet connection and a steady source of power supply. A way to go around the steady power requirement in Nigeria is to have an alternative source of power.
c) You have to be fully and duly registered with the Corporate Affairs Commission.
You can find out more about the requirements and the process for registration with the International Air Transport Association at www.iata.org.
Some persons might think that the requirements are too much but there are a lot of advantages to becoming licensed with them..and of the major one being that you can have access to the IATA database where you can purchase the best tickets for the clients, book the chartered flights amongst others.
Additionally, when you are licensed, you can subscribe to the Global Distribution System (GDS). The GDS is a system which is used by licensed travel agents to reserve hotel rooms, plane seats, amongst others. Some Examples of well known GDS companies include Amadeus, Sabre, and Galileo. It is important to note that it is not enough to get registered with the IATA or get subscribed with any GDS companies and just leave it at that. There trainings are very helpful hence you have to pay attention to their training courses as that will help you to get more out of them, making it really worth your while.
You can’t just rely on all I have said here and think you are good to go. Nope. I will advise that you get our Travel Agency Business Plan In Nigeria / Feasibility Study.PDF / SAMPLE FEASIBILITY STUDY for the remaining part of this Travel Agency Business Plan In Nigeria / Feasibility Study., which also includes the detailed financial analysis and current market analysis. pay N10,000 to Place your Order
GTBank (Guaranty Trust Bank)
Account Name – Ogumka Innocent
Account No – 0153723721
After payment text your name, your e-mail address and bank teller number to 07017130778 and you’ll receive your Travel Agency Business Plan In Nigeria / Feasibility Study. / FEASIBILITY STUDY PROPOSAL AND BONUS MANUAL PDF.
You can WhatsApp us via 07041813286 or reach us via our email @ tradewithchapatti@gmail.com
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