Off the top of your head, what would you do if you had extra time and additional money?
What would most people do if they had additional time and more cash?
Chances are, with extra time and money, most people would opt for travel, whether on holiday, leisure travel, or on a cruise.
Based on 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 huge industry, there are also a growing number of MLM travel businesses.
If you are a home based business professional looking to get into the travel industry, how do you choose a business opportunity that's right for you?
The purpose is to choose a genuine travel MLM 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 have listed certain factors you may find handy when researching a travel business.
Choosing a travel MLM company and prospective upline
1. Before you even dig deep into the business, have a look at their website. Does the website look credible? Is there Legitimate 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.
2. Find out who the owners of the travel organisation 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.
3. 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.
4. Choose a business with a proven track record of sales; preferably one with increasing sales of travel products or services in the last few years.
5. Of the travel organisation's revenue, how much is from travel-related product sales, and how much is from recruiting, if any. If you have the majority of revenue coming from recruiting, that's a red flag for you.
6. What percentage of the organisation's revenue do they give back to reps? 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 (for your benefit of course).
7. What are the sign-up fees and inventory requirements? Being in the travel industry, do you have any physical product requirement?
8. How do you break even? What kind of downline formation do you need to be able to break even and get into profit?
9. What kind of systems are in place within the travel company? Who handles orders and processes the payments on behalf of the travel customers?
10. Is the compensation plan easy to comprehend? Can you easily show it to potential prospects?
11. Be familiar with the products or services you will potentially be marketing on behalf of your travel Multi Level organisation. Will you be marketing cruises, vacations, dream trips to dream locations, opportunities for people to become travel agents, or a mixture of these? This knowledge helps you to market your products or services more efficiently, and helps you match up the products to the right audience.
12. Be one hundred% in no doubt the travel product or service has the possibility to add value and enhance people's lives. 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?
13. Find out about your potential sponsor. What do they bring to the table? I do not believe it is enough to just give you access to a travel Multi Level 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.
14. Given the economy's state, the price point will be a major decisive factor. However, price point must not compromise the quality of the travel products being sold.
15. 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 organisation provide effective and easy-to-use recruiting systems 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.
Choose a travel network marketing business opportunity and guide that you feel the most comfortable with. Then find and put into operation a proven marketing plan you're comfortable with.
YTB, GRN, Traverus, Pro Travel Network and Coastal Vacations are some of the many Network Marketing travel organisations out there. Each of them offers travel-related products and services, and they are all distinctive in their own way. The onus is on you to be choosey. There are likewise many scams, and you wouldn't want to get conned.
About Author / Additional Info:
Michael T. Makahamadze shares SEO, Copywriting and marketing strategies to help you build your Network Marketing business leveraging the internet.