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Frequently Asked Questions
1. Other than the $99 start up and monthly fee, will I have any other fees or costs to expect? We do not have any other monthly or annual charges.
Promotional supplies are available free and delivered free direct from the suppliers. Possible additional costs may include... business cards, a stamp or labels (for the backs of the brochures, but you could also hand write your info on the backs of the brochures). For business cards I recommend Vista Print - they are very reasonable (even offer free cards you only pay shipping) and offer full color cards. You may also want to order a domain name (only $8.95 per year). A domain name will give you your own .com plus a more professional sounding email address. Professionalism is important and your own domain name is a very inexpensive form of professionalism. I recommend ordering domains from http://KingsDomains.com. They're only $8.95 for the year and each domain name purchase comes with a free email address.
2. What does the monthly fee cover? Your website (hosting and maintenance), guarantees your 70%, or 80% up to 90% commission split, and provides ongoing training & support.
3. Are there additional fees to maintain, update website? No, the $39.95 or $25.95 covers it.
4. Will I be advertising this as my own business under my own business name? Yes. Do you help with advertising? Sometimes some travel suppliers may be interested in pitching in if you are featuring their product. For example: let's say you want to feature a Carnival Cruise offer in a newspaper. The area representative for Carnival may possibly consider going halves on the newspaper advertising. It's something you would have to investigate and discuss with the proper area rep. Other than that, it's up to agents how they grow their business. What might a typical advertising start up budget be? Depends how you grow your business. Word of mouth? The cost of cards. Set up a route? Brochures are free. Buy Internet leads? I prefer cruise leads for best return - maybe $7 per lead. Internet advertising? Anywhere from free to... ? Are there any restrictions on how I would advertise? No, it's up to you.
5. Will I need to worry about getting things like insurance or am I all set because I am not collecting money in my name & will be an outside agent? The plan includes an E & O Insurance policy (errors and omissions insurance) which covers all the agents (as long as they are an individual not a corporation). If you want your own coverage you can purchase additional coverage for approximately $350 per year from an outside insurance agency. We can get you referral numbers of agents we recommend. Why get your own insurance?... If you want lower deductibles. The deductible is kind of high. It's more of an emergency coverage.
6. Would you please explain the commission split on sales and maybe give an example of how a typical sale may pay out (commission structure). Each supplier decides what it's worth to them to pay travel agents for their services. Some choose 5% (like Budget Rental Car), hotels tend to be around 10%, cruise lines average from 13% to as much as 17%. So let's say you have some clients book a $1000 base fare cruise to Hawaii on Norwegian Cruise Line. Norwegian pays 17%.
Promotional supplies are available free and delivered free direct from the suppliers. Possible additional costs may include... business cards, a stamp or labels (for the backs of the brochures, but you could also hand write your info on the backs of the brochures). For business cards I recommend Vista Print - they are very reasonable (even offer free cards you only pay shipping) and offer full color cards. You may also want to order a domain name (only $8.95 per year). A domain name will give you your own .com plus a more professional sounding email address. Professionalism is important and your own domain name is a very inexpensive form of professionalism. I recommend ordering domains from http://KingsDomains.com. They're only $8.95 for the year and each domain name purchase comes with a free email address.
2. What does the monthly fee cover? Your website (hosting and maintenance), guarantees your 70%, or 80% up to 90% commission split, and provides ongoing training & support.
3. Are there additional fees to maintain, update website? No, the $39.95 or $25.95 covers it.
4. Will I be advertising this as my own business under my own business name? Yes. Do you help with advertising? Sometimes some travel suppliers may be interested in pitching in if you are featuring their product. For example: let's say you want to feature a Carnival Cruise offer in a newspaper. The area representative for Carnival may possibly consider going halves on the newspaper advertising. It's something you would have to investigate and discuss with the proper area rep. Other than that, it's up to agents how they grow their business. What might a typical advertising start up budget be? Depends how you grow your business. Word of mouth? The cost of cards. Set up a route? Brochures are free. Buy Internet leads? I prefer cruise leads for best return - maybe $7 per lead. Internet advertising? Anywhere from free to... ? Are there any restrictions on how I would advertise? No, it's up to you.
5. Will I need to worry about getting things like insurance or am I all set because I am not collecting money in my name & will be an outside agent? The plan includes an E & O Insurance policy (errors and omissions insurance) which covers all the agents (as long as they are an individual not a corporation). If you want your own coverage you can purchase additional coverage for approximately $350 per year from an outside insurance agency. We can get you referral numbers of agents we recommend. Why get your own insurance?... If you want lower deductibles. The deductible is kind of high. It's more of an emergency coverage.
6. Would you please explain the commission split on sales and maybe give an example of how a typical sale may pay out (commission structure). Each supplier decides what it's worth to them to pay travel agents for their services. Some choose 5% (like Budget Rental Car), hotels tend to be around 10%, cruise lines average from 13% to as much as 17%. So let's say you have some clients book a $1000 base fare cruise to Hawaii on Norwegian Cruise Line. Norwegian pays 17%.
$1000 per person x $17% = $170 in Travel Agent Commissions
$170 x the 80% commission split = $136 per person
$136 x 2 people = $272
PLUS... You may also earn income on airfare ( *if booked through the cruise line 5% of the ticket cost x 80%)
PLUS... You may also earn income on the travel insurance.
* Please note, airlines in general no longer pay commissions, but you can earn a little service fee. Cruise Lines - Air tickets purchased through the cruise lines usually provide a 5% commission. Also, travel agents still can factor in commissions on international flights.
7. Will I be selling all types of travel or just cruises? You have access to all! I personally prefer cruises because they pay best.
8. How do I begin? Click here to Get Started, Now!
CST 2065045-40