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Partner vs Solo? Commissions? Group Payments?

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About this episode

This week’s Friday 15, we're welcoming Jackie from Nexion Travel Group. Let’s have some fun, plus some questions to discuss this Friday at 12 pm CST. Join us!

  1. I’m a brand new advisor. I have a friend who I thought would be fantastic at this as I was researching being a travel advisor. When I told her about my business idea, she wanted to partner. We had previously wanted to start a business together but could not generate enough capital for the business we wanted. However, we do have the capital to do this. We would be making equal monetary and time contributions. And while any one of us would only be able to commit 15ish hours a week right now, together we would essentially have one near full time agent and we have pretty different skill sets and strengths (like I have web development experience and she is great at social media). Am I making this harder for myself to succeed by starting with a partner vs going at it solo? - Jenna
  2. Why do we have to wait so long to get our commission if the client pays in full. Shouldn’t we be able to get our commission then or a couple of days after that? How does the process work? - Carolyn
  3. I am hitting a wall trying to figure out how to bill for group FIT trips. To have each person in the group pay individually for each hotel reservation and activity would cause many foreign transaction fees on their credit cards. It is so much easier to just collect one payment/client and then I could pay it to all of the vendors on my business credit card which has no foreign transaction fees. However, I have heard multiple times that this is not best practice. Any help with this would be greatly appreciated! Appreciate all you do!

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Partner vs Solo? Commissions? Group Payments?

Travel Agent Chatter | Friday 15

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