In order for your travel business to be profitable, your revenue must exceed your expenses. A way that you can begin to increase your revenue is to look for ways to lower your expenses.
Look over your current expenses and place them in one of two groups: one are expenses you cannot do without (like utilities, Internet access, etc), the other is for expenses you may be able to lower or eliminate. Here are tips to help you with your costs.
Travel and Fun
The areas where many home businesses can begin to whittle down expenses are with travel and fun. For example lower the cost of holiday purchases by purchasing less expensive but better gifts like engraved or logo stenciled marketing tools that also cross-promote your business: not pads, stickie pads, pencils and pens, magnets, etc. And discuss travel perks, packages, discounts and coupons with your local travel agent or an online agent who has great packages or plans to offer you.
Needed Expenses
Annually take a look at your monthly and other regular expenses like utilities, office meeting space, Internet access, etc. Take at least one to three days total and comparison shop all of them for...