Are you wondering if a travel network marketing business opportunity is the right thing for you?
Well, what would you do if you had more time and more money?
What would most people do if they had more time and more money?
Chances are, given more time and money, most people would opt for travel, whether on vacation, leisure travel, or on a cruise.
According to the WTTC (World Travel and Tourism Council), travel as an industry, tops US$7 trillion a year. This represents one of the largest industries in the world. With such a large industry, there are also a growing number of travel network marketing companies.
As a network marketing professional looking to get into the travel industry, how do you choose a business opportunity that’s right for you?
Your ultimate aim is to choose a genuine travel home business opportunity that is an ideal fit with your personality. Ideally, you want a travel home business opportunity that makes sense to you and will make you money in the short and long term.
Below, I’ve listed some factors you may find useful when evaluating a travel company.
Choosing a travel network marketing company & potential sponsor
- Before you even delve deep into the company, have a look at their website. Does the website look credible? Is there VALID contact information on the site? How long is the domain registered for? This in itself can set the tone for the kind of professionalism you can expect when dealing with this company.
- Find out who the owners of the travel network marketing company are. Do they have sufficient experience and a proven track record? The long-term growth of a company goes hand-in-hand with good leadership.
- Is the company a member of any major, credible association, e.g., Better Business Bureau, Direct Selling Association, or a Travel Marketing Association? This is to determine the company’s credibility and trustworthiness.
- Choose a company with a proven track record of sales; preferably one with increasing sales of travel products or services in the last few years.
- Of the travel company’s revenue, how much is from travel-related product sales, and how much is from recruiting distributors, if any. If you have the majority of revenue coming from recruiting, that’s a red flag for you.
- What percentage of the company’s revenue do they give back to distributors? You want to get into a company that rewards its distributors generously, but also maintains a sound financial base for the long-term survival of the company (to benefit you of course).
- What are the sign-up fees and inventory requirements? Being in the travel industry, do you have any physical product requirement?
- How do you break even? What kind of downline structure do you need to be able to break even and get into profit?
- What kind of systems are in place within the travel company? Who handles orders and processes the payments on behalf of the travel customers?
- Is the compensation plan easy to understand? Can you easily explain it to others?
- Know the products or services you will potentially be marketing on behalf of your travel network marketing company. Will you be marketing cruises, vacations, dream trips to dream locations, opportunities for people to become travel agents, or a combination of these? Knowing this helps you to market your products or services more efficiently, and helps you match the products to the right audience.
- Be 100% confident the travel network marketing company’s product or service has the potential to add value and enhance people’s lives in a positive way. Would people buy the travel products or services, if the business opportunity wasn’t attached to them? Would you be interested in the product if you weren’t selling it?
- Find out about your potential sponsor/upline. What value do they bring to the table? I don’t believe it’s enough to just give you access to a travel network marketing business opportunity. What other skills will they teach you? Your success will in a large part depend on your own determination and efforts, as well as your sponsor’s mentorship.
- Given the economy as it is, the price point will be a major determining factor. However, price point must not compromise the quality of the travel products being sold.
- Is there a duplicable process? Franchises, such as McDonalds have far greater success than most conventional business because of their proven systems of duplication. Does your travel company provide effective and easy-to-use recruiting tools that will allow you to recruit others, as well as help them be successful? Whether marketing online or offline, ensure you have a good duplicable system.
Get involved with a travel network marketing business opportunity and mentor that you feel the most comfortable with. Then find and implement a proven marketing strategy you’re comfortable with.
Your Travel Biz, Global Resorts Network, Traverus, Pro Travel Network and Coastal Vacations are some of the many MLM travel companies out there. Each of these offers travel-related products and services, and they are all unique in their own way. The onus is on you to be choosey. There are equally many scams, and you wouldn’t want to get conned.
Are you in a travel network marketing company, or looking to get into one? Which of the factors above has been useful to you, and what would you consider your greatest factor in deciding to join a travel opportunity? Please share your thoughts by leaving a comment in the section below.
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To Your Success,
Michael T. Makahamadze
P.S. Whatever travel network marketing business opportunity you align yourself with, the key to your success lies in your ability to spread the word about yourself and your business