business-plan, business-model, business-structure, revenue, startup-weekendI have a set of very basic questions, for which I am struggling to find the right answers.
I am starting an online travel portal, through which a customer would be able to book flights, book hotels, book buses, etc.
If I could get relevant knowledge about it, it would be very helpful. Thanks.
Here are some guidelines :
What is the business model of online travel portal ?
There are different models you can use and it depends on sales model you use: B2C or B2B.
Which one is yours ?
What is the revenue model of online travel portal ?
Revenue model depends on the sales funnel starting from how you attract people and how many as well as how many come to paying.
How do these sites make money when customer books from their sites ?
Again coming to question who is your TA and what is your SF.
How they approach any hotel to integrate with them ?
Approaching hotels: select travel operator or select the country ->type of hotel -> shortlist by guest feedback.
What should be things to keep in mind while starting an online travel portal?
Have a techie on board to support the online part and know your sales strategy.
Read about SEO here and sales funnel.
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