Thursday, April 26, 2007

Start an Online Travel Business

I’ve been watching online businesses succeed and fail for about 10 years now…
After a while you can almost pre-determine which ones will make it and which ones won’t - not always, but often.
There are some tell tale signs and I’m going to share them here with you.
A lot has to do with the small business owner. Their current skills, their passion for the topic of their online business, and their dedication to make the business a success.
And, partly following the trends. If you’re going to follow trends and pull up your business mission every 6 months you’ll have a lot of competition at every launch. You’re also likely to quit your online business around the same time as every other trend follower. But, if you want to make a success of it…
you simply need to stick it out just a little longer than it takes the competition to get bored of the business idea.
For instance, look at the travel industry…
It’s booming online right now (has been for about 3 years) and for many reasons it will continue to boom. But so many people have read similar predictions and have been furiously creating travel sites for every country, city or niche holiday activity that they can think of (Bird Watching Vacations is a really good example of a niche holiday activity).
Now, a lot of these online travel website businesses have come and gone, but many have made a pile of cash in the process. And, not too many give up on these businesses - whether they’re successful or not - because being a part of the travel industry is fun, interesting, entertaining.
Fun, Interesting and Entertaining - That’s the Lure of an Online Travel Business
Those are three factors that help a business reach successful heights. Once the initial excitement of starting up an online business wears off it takes a passion or interest to keep the business going - something ‘must’ drive you (other than money).
When you look at how people start an online business you quickly realize that most of them set themselves up for failure. The secret is that if you start a business based on how much money you can make you’ll tire of it soon - and all the time and energy you spent starting up will be trashed.
That’s why it is important to decide, in advance, where your passions lie.
And hey, if you’re truly excited about the travel industry then get to it - pick a country and start a website - you’ll have an online business to promote in no time!


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Gift Basket Home Business


This is the season for gift baskets and if you’re actively searching for a great home business to start this could be a viable suggestion…

Listen, if you’re a little creative and are looking for an easy and fun home based business there’s no better time than the present to get started in the gift basket business.

You’ll like this business idea. You get to shop, use your creative talents, make gifts that people will enjoy receiving and work from home as well! Other benefits include spending more time with your family, setting your own working hours and minimal commuting.

A gift basket home business is a rewarding business with unlimited potential. It doesn’t stop after the Christmas rush either, there are still plenty of holiday gift baskets to make. Use your creativity to plan, decorate and shop for basket ideas. Create theme baskets, holiday orders, special or custom order gifts and more. The opportunities are unlimited to what to offer your potential customers.

Ready to Get Started? First You’ll Need A Business Plan

The first thing you’ll need is a gift basket home business plan. A plan helps you to ensure that you’ve narrowed down your focus, costs, and involvement in the business.

Include all extra costs in your gift basket startup business plan. Consider and factor in the costs of a business phone line, any office equipment you may need, accounting software, business insurance, business cards and start up materials.

Part of your plan should also contain business bylaws and restrictions in your area. Not just for zoning or signage restrictions, but also for gift basket regulations in your area. Know the regulations and protect yourself, your reputation and your customers.

Advertising and Marketing Your Home Based Gift Basket Business

How will you advertise your business? Door to door at local business? Newspaper advertising? A website? Radio stations? Undeniably the best advertisement is word of mouth from satisfied customers so whatever you do, start selling as fast as possible to give your business a big push.

Wrapping It Up in this Home Based Business

Usually a home based gift basket business starts out with very little inventory and overhead. Buy the contents as you need them. You don’t need to keep a lot of inventory on hand, sell your first baskets and pour the profits back into your basket supplies. Shop around for retailers or wholesalers that will give you 30 days to pay for your orders to give you a little grace period.

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