Maximize Earnings of Your Travel Booking Marketplace with These Proven Revenue Sources

Maximize Earnings of Your Travel Booking Marketplace with These Proven Revenue Sources

Traveling not only comes across as one of the most sought after activities, but it also happens to be a top passion among people. It is because of people’s love for traveling that a plethora of travel booking companies are flooding in the market.

Online travel booking & sales are on constant rise (and will continue to increase in the near future). So, it is high time to start an online travel marketplace of your own. But in order to assure a seamless growth of your business, its revenue model must be in place.

Brainstorming over the sources of revenue isn’t just about increasing the profit margins. It is also about having access to sufficient resources to continuously improve your service and customer experience to always have the upper hand over the competition.

So, once you have a great travel activity booking website ready, then it is time to work upon its revenue model to get your share of the golden egg. To assist you with that, here FATbit experts share 5 sound revenue channels that your online travel booking business can make money from.

Commission on each booking

Commissions have been by far the most traditional method to generate revenue for marketplaces where they act as an intermediary between service seekers & service providers.

In a commission based pricing model, you get to enjoy lucrative revenue as the tour operators & travel activity hosts get plentiful of bookings. Implementing this pricing model works wonders when you have a lot of providers in your portfolio.

However, if you have a small number of providers in the beginning and they are not able to get enough bookings; your commissions may not be as amazing as you thought, which brings us to a subscription based pricing model.

Also Read: Business Model & Website Feature Analysis for Travel Booking Portals

Subscription Fee for business listing

Subscription based revenue model is a relatively new concept, which surfaced with the evolution of ecommerce sector.

In case of subscription model, tour operators get listed on your marketplace for a fixed period of time in exchange of a fixed fee (monthly or yearly). The benefit of this pricing model is – it doesn’t matter how tour operators are performing on your marketplace, you’ve got your back covered with a fixed monthly/yearly source of revenue through subscription fee.

So, depending on the nature and size of the participating vendors and your own venture, you can choose to go for commissions or subscription fee.

Display advertisements of related businesses

The world of advertisements needs no introduction to a business owner. We all know how effective marketing and advertising are for making people aware of your business.

Since the core of your business happens to be the travel industry, it becomes a logical choice to post ads of hotels, restaurants and other travel related businesses on your webpage.

Expert tip:Pay special attention to the placements and relevance of the ad on yourwebsite. You can’t show a Thai hotel to a person traveling to Munich. Not only would it screw the user experience for the end customer, but also affect advertisers’ trust in your platform.

On-site promotion for tour operators

As your marketplace begins to become more and more popular, some additional revenue options open up to you. With a mass of hotels and activity providers active on your website, you can easily entice them to get their listing highlighted, in exchange of an additional fee.

Implementing this revenue channel is simple as it works pretty much like the PPC advertisements on Google search results. You can create a ‘premium/featured vendors’ section for the search result pages of your website to highlight the paid listing. This section can appear in a side panel or at the bottom of the results.

Recommended Reading: How to Connect with Tour Operators for Your Travel Activity Booking Marketplace

Selling merchandise

Going on a trip also means that travelers may need to buy particular travel gears. It could be tent, ropes, shoes, hat, and so on.

To address this need of your website visitors, you can embed a shopping cart module with your travel activity marketplace. Now, they may need that gear just once (such as tent & ropes), or may plan to use it again and again. So, make sure that your shopping cart module also comes with a renting feature.

Traveling also brings along shopping, sometimes a lot of it. Be smart and invest in a good ecommerce plug-in.Additionally, since this method clearly needs a technological maneuver, it is suggested to consult ecommerce experts before commencing the process.

Conclusion:

Ultimately, it all boils down to this: people love to travel, and as the time moves ahead, we find ourselves on a shorter leash. So it tends to be a reasonable decision to do all the bookings and stuff before actually reaching your destination.

As a travel activity marketplace, you are at the common ground where the demand and supply chain connect.So, you need to know how to capitalize upon that fact.Try the above mentioned methods for revenue generation; use several permutations and combinations to see which works best for your business.

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Online Signboard Printing Platforms Have a Bright Future – Key Website Features Analysis

Online Signboard Printing Platforms Have a Bright Future – Key Website Features Analysis

When designing a signboard, whether for personal use or official, everybody has a set design in their mind. But the real challenge is to bring that design to reality, which often requires several iterations; thus, becomes a time & resource consuming task.

Repeat visits to the printing shop, inaccuracy in printed design, final design falling short of customer’s expectations due to communication gap, and so on – the sign printing industry faces these inevitable challenges, which often make customers reluctant to get sign boards printed at all.

Enter online custom design & sign printing platforms – and all these challenges are addressed quite effectively. Sign printing websites offer versatile printing options and deliver them efficiently. It spans from printing a number plate for household purposes to fabric banners for advertising.

Types of sign-board printing these online platforms offer:

  • Plastic sign
  • Name badge Engraving
  • Name badge color printing
  • Wood sign
  • Aluminum sign
  • Acrylic sign
  • Vinyl text
  • Decal
  • Banner

Noticing the growing trend of custom sign printing websites, FATbit did an in-depth analysis of their business model and essential website features to help aspiring entrepreneurs build a similar online platform. Let’s have a closer look on the business model & key features to get a clearer picture on how to accomplish this feat.

Online Sign Printing Platform Business Model

The business model of custom sign printing websites is simple. It takes an inefficient offline sector online and streamlines designing, printing, & delivery services and charges customer for the convenience. Besides that, these websites also allow customers to design their own signboard (with a designing tool embedded on the website) to eliminated the chances of wrong printed design completely. Here is a step-wise description of the process:

  • Customer chooses the type of the signboard and material
  • Customer design the signboard on the website by adding different details like text, graphic, background color, border, etc.
  • Next comes the selection of signboard fixing method – ex: screw, adhesive tapes, hanging, suction cups, etc.
  • Final design with signboard & fixing details are added to the shopping cart and the order is made
  • After customer has filled in all the details and completed the payment, the signboard will be created as per the design and delivered to customer’s doorstep
Signboard Business Model

Leading players – online signboard printing sector

  • Make signs
  • Signomatic
  • The sign chef
  • Build a sign

Revenue Model

For a website to function smoothly and to cater to the end motive of the owner, it is very important to have a revenue model in place. The primary revenue source of these websites is to sell the signboard whose cost would cover the designing, man hours, delivery, etc.

Along with the primary revenue model,website owner can also use secondary sources of revenue to make some extra bucks.

  • Advertisement

Usually, websites selling signs and banners get a lot of traffic. Reason being, people not only visit them to get their signboard printed, but also for design inspirations. So,displayed advertisements can be a huge source of income for sign printing websites.

  • Additional Services

There are a lot of customers who do not want to take the effort to design a sign board for themselves and need expert’s assistance. For such customers, a section should be made available where they can briefly describe their design idea and professional designers give it the final look. Based on the size, complexity, and time, you can charge for the additional design service.

Critical features for a signboard design & printing website

When planning to start a custom signboard printing website, it is essential to do a feature analysis of the competitors. Through this analysis, entrepreneurs can strategically plan the unique features of their website. Following mentioned features will help you in delivering good experience to users as well as in standing out of the competition.

  • Designing page/ create your own- A custom sign printing website’s biggest advantage is that it allows customers to design their own signboards. Therefore, the designing tool should be such that it lets the customer select different options to design their perfect signboard. It should allow the customer to decide the material, the background color, the text, graphics, among many other specifications – all in an easy & intuitive manner.
  • Samples- Not every customer knows how to design a sign board which is why it is very important to provide samples of every category of signs. It offers customers a reference to look at when they are designing their own sign board. Website owner scan provide samples that are prominently used,which user can use to get their own designed done quickly and in a better way. Website owners should provide samples suitable for every type of customers.
  • Chat- There are many custom sign printing websites, and pretty much every website has some distinct features and functionalities. Therefore, sometimes it becomes difficult for users to understand the process & proceed with the order in an intuitive manner. These challenges can be addressed effectively by offering support via a live chat feature. In case your staff can’t be online 24×7, offer email support & a FAQ section to address the queries that customers might have when using your website.

Also Read: Conversational Commerce Is the New Fad of Online Businesses; So Are Chatbots

  • Testimonials- The biggest hurdle for a business is to build trust in customers for its services.  In the online world, the best way to achieve this is to display user review and testimonials on the business website. The testimonials should be placed in a prominent location so that it easily comes in user’s attention – such as on the homepage. This not only helps in boosting the confidence of users in your brand but also helps in increasing the conversion rate.
  • Segregate Products into categories- A custom sign building website may include many types of sign design & printing services. Thus, creating different categories based on the type of signboard will allow customers to easily navigate within the website& proceed with their choice. This can be either done by displaying all the categories through a dropdown menu bar or in the top navigation bar.
  • Price Estimator- This is one of the key factors that makes ordering custom sign board online a much better choice. Often, there is a lot of customization required when designing a sign – starting from the material, text on signs, etc. That is why it crucial that an online sign printing website has a price estimator in place so that customers know the estimated price of the product in real-time.
  • DIY Video- Sign printing websites reduce the efforts & time for customers to get a signboard built. To further ease the pain of calling a technician to install the signboard it is important that websites include tutorials on how to fix the sign on the desired place. Do-it-yourself videos should be included on the printing websites as it will help customers in fixing the signboards on their own.

How Paperweight Helps Build Writer’s Marketplace For Freelance Writing Service

How Paperweight Helps Build Writer’s Marketplace For Freelance Writing Service

Paperweight is a marketplace solution that helps create content writing marketplace. It’s a turnkey solution with which you can create your own essay and content writing website where freelance writers can search for jobs and businesses professionals can fulfill their content requirements.

With Paperweight you can build a user-friendly writers’ website packed with plenty of useful features. Websites built by Paperweight are equipped with easy to implement solutions, multiple payment methods, enticing user experience, and make it easy for the writers and the clients to find each other easily.

Just take a look at the presentation below to see how an essay writing marketplace offers a plethora of business opportunities for entrepreneurs and how Paperweight comes as a big help.

Read More: Get more details about features of a freelance writing marketplace

Netflix partners with 10 Indian Storytellers to bring more relatable stories to its Indian Audience And hell yeah we are excited!

Netflix partners with 10 Indian Storytellers to bring more relatable stories to its Indian Audience And hell yeah we are excited!

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Yeah! It’s good news! Netflix dropped a video to announce its collaboration with Indian storytellers to create 10 original movies.

We believe after a huge success of movies and series like Love Per Square Foot, Lust Stories and Sacred Games, Netflix joined forces with Indian storytellers to create more relatable content.

This time Netflix has partnered with Bollywood’s top Producers and Directors including Zoya Akhtar, Karan Johar, Anurag Kashyap, Ronnie Screwala’s RSVP, Shah Rukh Khan’s Red Chillies Entertainment for the new movies.

The original Indian Netflix Content will be stories around various genres including horror, thriller, sci-fi, romance to just name a few.

Here is the snippet of the 10 new Indian Stories announced to be streamed on the Netflix.

Ghost Stories: After the success of Lust Stories, Directors Karan Johar, Zoya Akhtar, Dibakar Banerjee, and Anurag Kashyap to name a few who reunite to tell spine-chilling tales through the movie. It will be produced by Ronnie Screwvala’s RSVP and Ashi Dua.

Class of ‘83: Produced by Shah Rukh Khan’s Red Chillies Entertainment and directed by Atul Sabharwal, the story will revolve around an upright policeman-turned-trainer whose students grapple with the complexities of honor, morals, and devotion to the nation.

Mrs. Serial Killer: This suspense thriller is produced by Farah Khan and directed by her husband Shirish Kunder. “When her husband is framed and imprisoned for serial murders, a doting wife must perform a murder exactly like the serial killer, to prove her husband innocent. “

Guilty: Directed by Ruchi Narain and Produced by Dharmatic, Guilty explores the versions of truth that emerge when a small town girl accuses the college heartthrob of rape. Seen through the eyes of his musician girlfriend, this story will make you question who is really accused in a circumstance like this.

House Arrest: Produced by India Stories, written and directed by Samit Basu and co-directed by Shashanka Ghosh, this movie is the story of a man who is trapped in his own fears, locks himself at home, only to find that he can’t keep the world from entering his domain.

Yeh Ballet: Directed by Sooni Taraporevala and produced by Roy Kapur Films, this story will revolve around two boys from very low-income families who discover ballet and find it a way to escape their challenging circumstances. Soon the unlikely dancers find that escape is not as easy as they thought.

Kaali Khuhi: The film is directed by Terrie Samundra and produced by Manomay Motion Pictures. “With a history of female infanticide and mysterious deaths of its residents, this Punjab village must be saved, and it is up to 10-year-old Shivangi to be its savior.”

Freedom: Directed and produced by Dibakar Banerjee, Freedom is the story of an Indian family interwoven with the personal, ideological and sexual history of India and how desire plays a common role in each.

Maska: Maska is directed by Neeraj Udhwani and produced by Mutant Films. The film is about a confused millennial who sets out to fulfill his fantasy of becoming a movie star until a summer romance with a clear-headed girl helps him discover the fine line between dreams and delusions.

Serious Men: Thd movie will be directed by Sudhir Mishra and Produced by Bombay Fables and Cinerama Entertainment. The film is about a wily slum dweller, who cons the country into believing his dim-witted 10-year-old son is a genius, only to realize that the sole victim of his dangerous game is his son.

With the evolution of Bollywood from the past few years, we are excited how Netflix’s investment in Indian market to create more relatable stories would raise the bar of Indian Cinema!

Priyanka Chaturvedi Resigns From Congress Over Inaction Against Party Workers Who Harassed Her; Blow To INC Amid Lok Sabha Elections 2019

Mumbai, April 19: In a big blow to the Congress amid Lok Sabha Elections 2019, Priyanka Chaturvedi has resigned from the party’s. According to reports, Chaturvedi has quit from all posts of the party and has also resigned from the primary membership of the Congress. Reports say that Chaturvedi sent her resignation to the Congress party late on Thursday night. This comes at a time when the Lok Sabha Elections 2019 are underway and is likely to become an embarrassment for the Congress with the Bharatiya Janata Party (BJP) looking to blow this up. All eyes are now on whether Chaturvedi may join the BJP in the coming days. Priyanka Chaturvedi Removes ‘INC Spokesperson’ Designation From Twitter Bio.

Priyanka Chaturvedi had removed the ‘AICC Spokesperson’ designation from her Twitter bio and had also quit the Congress media groups on WhatsApp. Following this, there was speculation that she may have quit the party. These speculations have been confirmed with news coming in that Chaturvedi resigned formally from the party last night. Priyanka Chaturvedi Fumes After Congress Revokes Suspension of Workers Who Misbehaved With Her.

This comes two days after Chaturvedi lashed out at the Congress party for reinstating people who harassed her and misbehaved with her during a press conference in Mathura. On April 17, Chaturvedi had tweeted, “Deeply saddened that lumpen goons get preference in Congress over those who have given their sweat&blood. Having faced brickbats and abuse across the board for the party but yet those who threatened me within the party getting away with not even a rap on their knuckles is unfortunate.”

According to a letter issued by the Congress Uttar Pradesh unit, some party workers were suspended as disciplinary action for their unruly behaviour with Chaturvedi during a press conference in Mathura. The letter said the workers expressed regret and requested that they be reinstated. “On Congress General Secretary Jyotiraditya Scindia’s intervention, action taken against you all is suspended,” the letter added.

Cops Post Photo Of Missing Professor With Alzheimer’s & Netizens Miraculously Find Him!

Social media has come as a boon to many and there is no denying the fact. While it has boosted some to fame in a matter of days, some have used it as a platform to reconnect with their loved ones.

In a similar miraculous find, police have tracked down a renowned Harvard law professor, Charles Ogletree, who suffers from Alzheimer’s disease. And who do we have to thank? Of course, social media.

According to News18, Ogletree, who is also an author and an activist went missing and was last seen at his home in Pemberton. In a bid to locate the 66-year-old man, the Cambridge Police took to their official Twitter handle to post an alerting message about the same. The tweet read,

Cops Post Photo Of Missing Professor With Alzheimer’s & Netizens Miraculously Find Him!

“The #CambMA Police are seeking the public’s help in locating a 66-year-old man, who has Alzheimer’s. Charles Ogletree was last seen at his Pemberton Street home in Cambridge today at approximately 5:40 p.m.”

In a comment below the original post, the police also added a description of what Ogletree was wearing and a contact number for people to reach if they found him.

“He was last seen wearing a black jacket with a fur hood and black cap. He was also wearing black pants and black shoes. He is 5’10, has a thin build and a mustache.”

“Anyone who sees Ogletree or may have info about his whereabouts is asked to call 9-1-1 or 617-349-3300.”

And guess what? In just two hours time, there was some news about the professor! A Twitter user going by the name of Pat Jan had spotted him at a pizza outlet in Brighton. He took to the micro-blogging site to give an update about the find and also mentioned that Ogletree is safe and sound.

he was in brighton house of pizza. When we saw that he was lost we found him and called the police to help him get home

— Pat jan (@Patjan19) April 17, 2019

He is safe found him in brighton and gave him a slice of pizza as well

— Pat jan (@Patjan19) April 17, 2019

The Cambridge Police seemed delighted with the piece on information and thanked everyone who helped them in reaching Ogletree.

“Great news. Professor Ogletree has been located in Boston. Officers are in the process of bringing him back to Cambridge.”

Thanks to everyone who assisted with this search, including our social media followers, media partners, @MAEnviroPolice and @bostonpolice.

— Cambridge Police👮🏽 (@CambridgePolice) April 17, 2019

The update came as a relief to the Netizens including the professor’s former students. People also hailed the Cambridge Police for being intelligent enough to use social media as a platform, while they thanked Pat for his good heart.

Wow didn’t know professor ogletree has Alzheimers so happy he was found and is safe but finding out this way is just terrible. He has a brilliant legal mind.

— Daniel (@Oracle_Dave23) April 17, 2019

I’m happy to know he is safe.

— Valerie Neal (@WhutNtarhooties) April 17, 2019

Hooray!! Hip hip Hooray!!

— Prowl Alert~El Ras (@ProwlAlert) April 17, 2019

It’s another win for good policing… Bravo!

— Jonathan Bowen (@JonBowen) April 17, 2019

I’ve had some experience with a person with Alzheimers deciding to go on a walk-about. I can empathize with the feelings of alarm and relief experienced by friends of Prof. Ogletree.

— Karen J (@KaJo503) April 17, 2019

Prof. Ogletree is a legend to those of us who studied law in the 1980s. Glad he is safe and headed home.

— Jeffrey L. Abrams (@chathamdad) April 17, 2019

Did you know what a brilliant wonderful man this was who you rescued? https://t.co/ZHe2NOFj9F

— Lauri T. (@laurirose) April 17, 2019

Woah. The incident speaks volumes about the power of social media. Time to head back home, Sir!

Yeh Un Dinon Ki Baat Hai star Ashi Singh’s glamorous avatar will stun you

Yeh Un Dinon Ki Baat Hai star Ashi Singh's glamorous avatar will stun you

  • Actress Ashi Singh plays simpleton Naina in Sony TV’s Yeh Un Dinon Ki Baat Hai. The actress rose to popularity with the show. Fans love her chemistry with actor Randeep Rai who plays Sameer.
  • Ashi Singh aka Naina who is mostly seen in 90s attire in Yeh Un Dinon Ki Baat Hai looks stunning in this off-shoulder floral dress.
  • Ashi Singh’s Instagram pictures are a proof that the actress is quite a fashionista in real life. The 21-year-old actress is slaying it in floral jump suit in the picture.
  • Ashi Singh who plays a simple girl in Yeh Un Dinon Ki Baat Hai is nothing like her on-screen avatar in real life.
  • Ashi Singh looks hot in this red crop top. Fans love her as Naina and her chemistry with co-star Randeep Rai is a big hit with the viewers.
  • Ashi Singh began her acting career in channel V Secrets Diaries: The Hidden Chapters in 2015. She went on to do small roles in Gumrah and Crime Petrol before she got her big break in Yeh Un Dino Ki Baat Hai as Naina.

Scientists discover new species of humans, teeth and bones are quite different

Scientists discover new species of humans, teeth and bones are quite different

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The history of human existence is very old. Various factors have been mobilized for human development through various types of scientific discovery and through various researches. The researchers found another success in this episode. Yes, researchers have found the remains of another human species. This relic has been found in the present-day Philippines, which lived there 50 thousand years ago. 

Remnants have been found in Luzon Island, so this species has been named Homo luzonensis. Researchers say that these relics are not directly related to humans of the present age, but they may be far away from the ancient relation of the human species. 

Google image

Search also raises questions about how this species reached island and who are its ancestors. 

“This search is really extraordinary,” says Mathew Tocherry, associate professor in the Department of Humanities at the University of Canada. It is doubtless that this will cause scientific debate for the coming weeks, months, and years. 

Google image

Researchers from France, the Philippines and Australia have recovered these residues of human species from Callao Cave. For your information, this is the same cave where a bone of 67 thousand years old was recovered in 2007. 

Recently researchers have recovered seven teeth and five different types of bones from here. It is believed that these remains are 50 thousand and 67 thousand years old. 

The recovered teeth are surprisingly different from humans. According to French humanitarian Detroit, “We can not find such types of teeth in other species, so we have called them new species.” 

Janhvi Kapoor raises the temperature in grey halter neck and mini shorts at the gym. See pics

Janhvi Kapoor raises the temperature in grey halter neck and mini shorts at the gym. See pics

Wearing such clothes in a wedding will make you look more beautiful than a bride.

Functions such as marriage, women and girls look beautiful, it is much more sweat. In such a way, we have brought you such stylish clothes that you must definitely try.

Wearing such clothes in a wedding will make you look more beautiful than a bride.

Third party image reference

If you also want to look more beautiful than a bride in a wedding, then you can try this kind of dress. You can easily get this heavy embroidered cloth in online and offline markets.

Third party image reference

Girls can also try this kind of dress for a trendy and attractive look in the vending function. This dress is decorated with a heavy color of golden color, which gives the moon beautiful beauty on its wear.

Third party image reference

In marriage you can also try such log fashion style dress. The noble design of this dark red color has been designed very well, which looks very beautiful.