New Travel Masters Agency
Travel Masters is a fast-growing, Canadian travel brand comprised exclusively of experienced travel professionals who operate from agencies located across Canada. Each Travel Masters office is part of a group franchise which is centrally maintained by an experienced support team and leading edge technology.
What is franchising?
Franchising is a commonly used business strategy that gives a company access to a larger market share by licensing a combination of trademarks, business systems, products and services to other companies.
Franchising has been around since the 1840’s. Modern franchising, however, became popular after World War II and continues to be a very successful and popular way to grow businesses. The franchisor lends its trademark and access to an established business system, products and services to a franchisee, who in turn pays an initial joining fee. The franchisor usually has a regular fee or percentage (sometimes known as royalties) for continued operation of their franchise.
Franchises can also be described as strategic alliances between groups of people whose common goal for market domination is coordinated by their relationships with each other.
Franchise businesses work together and share:
- a brand,
- a successful way of doing business,
- a coordinated marketing and distribution system.
Top 10 reasons to Open a Travel Masters
- 1. Turnkey Business
Starting a business can be a daunting prospect, especially in terms of establishing an identity and arranging finances. Travel Masters is an established franchise system with locations across Canada. Becoming a Travel Masters agency eliminates a lot of the effort and guesswork, and most importantly connects you with a support network while still allowing you to run your own business. - 2. Proven System
Franchises have an established business system that you follow. The Travel Masters business system has a proven track record that is designed to reduce costs and mistakes, improve overall productivity and increase sales. - 3. Higher Rate of Success
The existing business system has already proven itself with the current Travel Masters franchises. This shared knowledge and mutual interest between Travel Masters and each franchisee allows the system to continue to improve. Franchises are far more likely to be successful because of the existing business system when compared with individual businesses which must fend for themselves. - 4. Brand Awareness
New businesses take a long time to develop their own corporate image and brand awareness. The Travel Masters brand is strong, recognizable and well respected within the travel industry. Brand awareness exists from the moment your new franchise is opened. Customers are usually more comfortable when working with companies they already know and trust. - 5. Start-up Financing
Due to the proven track record, it is much easier to obtain financing from lenders when they are funding a franchise. Franchises are considered a lower risk of repayment default. Travel Masters can offer financing, access to leasing opportunities and other financial support. - 6. Training
Every step of the way Travel Masters is there to help you start your business. The extensive tools provided to franchisees include training for every member of the franchise. - 7. Ongoing Support
Once your franchise is operational you will always have the support from Travel Masters and the knowledge that you are part of a growing family. Questions can be answered by phone, email and an online knowledge base. There are also ways to interact with other franchisees. - 8. Marketing
Continuous marketing support is provided by Travel Masters. In addition to efforts taken by Travel Masters to promote the identity of the franchise group, new franchises are provided with additional support to ensure awareness of the new agency, whether it is a change from an existing identity or a brand new agency. - 9. Exclusive Territory
Every Travel Masters location is provided with an exclusive territory in which to do business. There is a restriction to the amount of franchises that can open within certain geographical areas. - 10. More Agents, More Locations
There are many opportunities to grow within the Travel Masters franchise system. With the success of your franchise you can recruit new agents, agents can be referred to you from Travel Masters and other franchises, and you have the ability to open multiple locations. New locations can be opened under the same franchise agreement (these are known as branches). Alternatively, should you wish to open a new location under a different company, for example if you were to have a different business partner, you could create a new franchise. Multiple locations can be very lucrative and enable you a far larger market share.
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