A home based travel business idea may undoubtedly prove to be a test for one’s entrepreneurship capabilities but holds appeal to many people, especially those who relish their freedom. Some of the characteristics which are common to all types of home based business ideas are that the entrepreneur is responsible for his own success, can set his own working hours, does not have to work under anyone, has a choice in terms of objectives and goals and enjoys fully the fruits of his labor in form of profits.
Having decided to capitalize on a home based business idea, the option of a travel business idea is considered by many to be lucrative since it is a sector which is constantly operating and hence extremely lucrative. A travel business could be based on two alternatives namely the individual can either become a referral agent who directs people to the travel agency and earns commission for doing so or he could become a booking or a selling agent and promote travel plans to people.
Although the second option entails more work in terms of research and arrangements, the earnings generated through it are also significantly higher than the commission received by a referral agent. Commencing a travel based business is convenient in the sense that it could be started as an online business based on the innumerable travel related websites on the internet. Apart from providing the necessary information and support, these websites can also be relied upon to find out about discount packages, vacations and travel ideas which could be promoted and capitalized upon.
The business idea of running a home based travel agency has many benefits the foremost among which it could be started with a very little capital and an unlimited customer base. In addition, since this business operates for 24 hours a day and 365 days in a year, the potential to earn profits is much more since one is in a position to enjoy tax advantages as well. Some of the fringe benefits are that the entrepreneur himself gets an opportunity to travel to exotic places at discounted prices and is also in a position to secure free trips and discount travel for family and friends.