Business Idea

Start A Travel Products Business

About

Starting a travel products business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell travel products, or selling travel products 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 travel products business ➜

Key stats

market size
$9.5B
revenue (monthly)
$1K
starting costs
$34.9K
gross margin
45%
avg product price
$55
time to build
9 months

About

Starting a travel products business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell travel products, or selling travel products 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 travel products business ➜

Key stats

market size
$9.5B
revenue (monthly)
$1K
starting costs
$34.9K

 

gross margin
45%
avg product price
$55
time to build
9 months

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $35 $3,250
Employee & Freelancer Expenses $0 $5,500
Equipment & Supply Expenses $500 $5,000
Website Costs $232 $6,500
Business Formation Fees $5,600 $20,400
Inventory Expenses $350 $14,750
Other Expenses $0 $2,300
Software Expenses $150 $3,044
Advertising & Marketing Costs $0 $2,250
Total Startup Costs $6,867 $62,994

Successful Businesses

Business URL Rank
Johnny Jet johnnyjet.com #121,199
Visit Philadelphia visitphilly.com #124,058
City Home cityofsacramento.org #126,989
Bangladesh Trade Info bdtradeinfo.com #151,722
Ricardo Beverly Hills ricardobeverlyhills.com #171,416
Main Page georgia.travel #198,583
Business Travel Management indianapolis.business.travelleaders.com #207,203
TravelInsurance.com travelinsurance.com #320,809
Amex GBT amexglobalbusinesstravel.com #415,961
Cabeau cabeau.com #447,380
City of El Paso COVID-19 Information epstrong.org #459,027

Pros & Cons

Pros Description
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!
Rewarding work Starting a travel products business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services within your travel products business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
Quick build time The average time it takes to build your product is quick - typically around 9 months. This will allow you to bring your product to market faster.
Easy to encourage "impulse buy" In the travel products business, you have a much higher chance of encouraging your customers to buy on impulse - you can easily alter the price, placement, packaging, and promotional value to influence the decision of your buyer.
Cons Description
Crowded Space Competition is high when it comes to your travel products business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Finding The Right Supplier Most businesses in this space go the supplier/manufacturer route, which isn't a bad thing! However, finding the right supplier can take a lot of time, energy and trial/error. If done properly, this process can save you months (if not years) of time and energy. More on this below in the "finding a supplier" section.
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.
High overhead expenses With starting a travel products business, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below.
Time commitment With starting a travel products business, 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.
Be prepared to get out of your comfort zone! Although this is exciting for some entrepreneurs, it can be a big challenge for others! You may find yourself in uncomfortable social and business situations, jumping into tasks and responsibilities you aren't familiar with, and pushing yourself as far as you can go!

Marketing Ideas

  • 1

    Word of mouth

    The most tried and true way to grow a travel products business is through word of mouth - some entrepreneurs would say it's more important than all social media.

  • 2

    Advertising on social media

    Social media advertising is one of the leading ways to get the word out when it comes to travel products business.

    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.

    Learn more about advertising on social media ➜

  • 3

    Outsourcing

    If you can afford to hire someone to help support your travel products business, outsourcing is a great way to save you time and energy. Most importantly, outsourcing can help you focus on the core growth of your business, versus spending your time on day to day tasks that other people can do just as well!

    If you do plan to outsource your work, it's important to be hyper-familiar with the actual work involved.