Starting a discount travel website requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell discount travel website, or selling discount travel website online, you can use this page as a guide for everything you'll need to know.
Want to learn more? You can check out our full guide on how to start a discount travel website ➜
|Min Startup Costs||Max Startup Costs|
|Office Space Expenses||$35||$3,250|
|Employee & Freelancer Expenses||$0||$5,500|
|Equipment & Supply Expenses||$500||$5,000|
|Business Formation Fees||$5,600||$20,400|
|Advertising & Marketing Costs||$0||$7,250|
|Specific Industry Expenses||$0||$200|
|Total Startup Costs||$6,517||$52,944|
|Wyndham Hotels & Resorts||wyndhamhotels.com||#18,046|
|Bot or Not?||expedia.ca||#18,117|
|Bot or Not?||cheaptickets.com||#42,125|
|StudentUniverse: Cheap Student Flights, Hotels & Travel Deals||studentuniverse.com||#103,417|
|Airline Tickets, Cheap Hotels, Vacation Packages & Travel Deals||skyauction.com||#745,132|
|The Travel Secret||thetravelsecret.com||#1,246,050|
|Flexibility||You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.|
|Ability to start your business from home||It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!|
|Little startup costs required||The cost to start a discount travel website costs significantly less money than most businesses, ranging anywhere from 6,517 to 52,944.|
|Traffic to your website||A discount travel website gives people a reason to visit your website and to keep coming back to you!|
|Quick build time||The average time it takes to build your product is quick - typically around 10 months. This will allow you to bring your product to market faster.|
|Amazing perks and discounts||Working in the discount travel website comes with its perks! As a seller for these products/services, you typically also get to enjoy industry perks and discounts.|
|Crowded Space||Competition is high when it comes to your discount travel website, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.|
|Niche Market||A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.|
|Customer churn||With a discount travel website, people can cancel their subscription - which can make income unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.|
|Time commitment||With starting a discount travel website, all responsibilities and duties will be in your hands. Although this is not necessarily a negative thing, it's important to understand that your work-life balance may be a bit unbalanced at times. This can place a strain on friends and family and add to the pressure of launching a new business.|
|Impatient customers||Your discount travel website may offer an engaging user experience for your customer, but it's important to note that customers expect a lot when it comes to your product, and are more likely to become impatient with you and your product if there are any bugs or equipment breakdowns.|
|You might struggle financially (at first)!||If you bootstrap your business or choose not to pay yourself (or pay yourself less than you were making at your corporate job), this can be financially taxing. It's important to adjust your lifestyle and set a plan for yourself so you don't find yourself in a stressful situation.|
You may find yourself in a spot where you're ready to hire a few (or many) salespeople to support the sales conversion process. Regardless if you have one or thirty salespeople, it's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.
The most tried and true way to grow a discount travel website is through word of mouth - some entrepreneurs would say it's more important than all social media.
Social media advertising is one of the leading ways to get the word out when it comes to discount travel website.
There are various different Social Media platforms available to you. Some may be more critical for your marketing efforts than others, however, it's important to have an understanding of what's out there and available to you.