How to Obtain Your Travel Agent License
Travel Agents have the unique opportunity to realize their business ambitions, but often lack knowledge of what is necessary for legal compliance and personal protection. To make sure your dreams do take flight, we’re breaking down the must-haves, should-haves, and crazy-if-you-don’t-have legal prerequisites and safeguards to keep risk at bay. The Must-Haves: Setting Up Your […]
How Much do Travel Agents Make? Answers to all Your Questions
A travel agent’s job is rewarding – watching families, couples, or friends embark on the adventure of a lifetime. But it takes a lot of hard work and determination to get to where you can live off of your earnings. How do travel agents actually make money? Stick with us as we explore how travel […]
LLC vs. Sole Proprietorship: Which One is Best for Travel Agents?
Taking the leap of faith and starting your own travel agency can be new and exciting until it comes time to choose a business structure. There are numerous different types of business structures, all of which retain advantages and disadvantages. However, many travel agents lean towards an LLC or sole proprietorship setup because of its […]
Are You Protected? Travel Agency Contracts and Waivers
As a travel agent, you are likely familiar with the risks involved in owning a travel agency or being a home-based independent agent. The importance of having travel agency contracts in place cannot be overstated! Contracts help to protect both you and your clients and can help to avoid disputes down the road related to […]
What is a Credit Card Chargeback and How Should Travel Agents Deal With It?
Everyone has the right to dispute a charge made to their credit card. But when a credit card chargeback happens to you or the supplier who worked with you on that client’s trip, it can impact the bottom line of your travel agency. As a travel advisor, you should be aware of the risks associated […]
Business Continuity Plans for Travel Agents: What Happens to Your Clients’ Trips in a Crisis?
Have you ever considered what would happen to your business if your house caught fire? If a tornado or earthquake hit it? What if something happened to you? We all know that unexpected events such as accidents, illness, or even death occur. Hurricane Ian just demonstrated this! As a travel agent, you face many unique […]
How to Prepare for a Recession: Everything a Travel Agent Needs to Know
Rent, fuel, hotels… Prices are soaring. Some economists are forecasting a recession in the near future. If this happens, it is important for travel agencies to be prepared. What do you do when a recession is looming on the horizon? Recessions are more common than most people realize. According to the National Bureau of Economic […]
5 Key Risks Travel Agents Face: How to Develop a Risk Management Plan
When starting a new travel business, your first concern is how to get clients. You ask questions like “How much money do travel agents make?” or “Where do I source the right travel marketing and media?” As clients begin to trickle in, you’re suddenly faced with a confusing mass of deeper questions. How do you […]