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timothyngim

How to set up travel agency

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Anybody here know how to set up a travel agency?? Its gonna be in KL/Subang area. What documents are needed??? This is for my assignment.

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1. Register your business by following your state laws. For a home based travel agency, open two separate bank accounts, one for holding your business finances and the second one for keeping money sent in by your clients. 
2. Decide whether you want to start a travel referral agency or a home travel agency that books and sells travel packages. In case of a referral agency, contact existing travel agencies and offer them a partnership. 
3. Make a business deal with one travel company or multiple companies. Negotiate a fair commission fee for referring clients. 
4. Start a full fledge travel agency from home by writing a business plan. Create a system to handle the financial aspects of the business. Determine the kind of travel agency to open such as cruise travel, vacation home, luxury travel, safari or regular travel agency that books flights and hotels. 
5. Become a member of travel agent societies to boost your credentials and increase the confidence of customers and business partners. Join the American Society of Travel Agents (ASTA), National Association of Commissioned Travel Agents (NACTA) or the International Air Transport Association (IATA). 
6. Make a contract with a host travel company which will act as the middle supplier between you and the airlines, cruise lines or tour operators. Such an agency can help you start off your travel agency and with time you can make your own contacts and network group.

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