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How to make money from a travel booking site?

Posted on 2012-09-02
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Last Modified: 2014-10-24
Hello,

I'm have a plan to create a travel site like expedia, booking.com, ctrip.com, kayak.com with booking airplanes ticket, travel package, rent car...etc function.

Is it a B2C site?
How to make money from this site? From which sources?

I have a tech man so I dont know much about how to make money from it, can you tell me more?

Thank you
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Question by:dadlaw
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frankhelk earned 2000 total points
ID: 38360613
Oops ... there are several ways, but to make it simple:

With such a site you're standing in between customers (people who book anything) and suppliers (the companies who deliver the booked service). There are possibly three ways to get money out of that position:

First
If your service is really, really, extremely useful and helpful, you might charge the customers for it. But chances for surviving with that are as good as zero.

Second
Since you're driving costomers to the suppliers, there's a high possibility that the suppliers are willing to pay you for that. This needs a written agreement with each of'em and the exact terms are subject to negotiation (how much, for what, when, liability concerns, etc, etc, etc.). There might be a fixed sum per booking, or you might get the booked services discounted and sell the for any price between the discount and the full price.

Third
If many people drop by, you might generate money with advertisements on your site.

But in any circumstance, your service needs to deliver an extra service or added value to have people drop by. That may be price comparisons, infos, or just discounts. Without that in mind you shouldn't even think of starting such a thing.
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