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How To Start Online Hotel Booking and Reservation Business 2018 – Practical Tips

Ossi Samuel

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hotel booking and reservation business

How To Start Online Hotel Booking and Reservation Business In Nigeria

The 21st century brings with it many necessities. The need to have hotels has become crucial. For the purpose of businesses and pleasure, people will use the hotels available. This has ushered in a marvelous business opportunity. People can now start hotel booking and reservation business as a means towards achieving an end.

This business idea is quite lucrative as many people are venturing into it. It is indeed one of the fastest growing businesses in Nigeria. People will definitely have vacations, holidays, get-togethers and businesses.

Related: How to start a cooking gas retail business in Nigeria

The above needs of people will require a lodging accommodation and you can start a hotel booking and reservation business to fulfill this need.

This business gives the customers a little peace of mind as they can come in anytime bearing in mind that they have a place to stay.

This business thrives on the internet. You will need to get a website ready if you will venture into the business. You need to understand that the comfort needed by customers will be solved by the use of a website.

Technically speaking, hotel booking and reservation business is the business that deals with reserving an accommodation, a room, a table, a seat or a hall in advance for customers. This business ensures the comfort, safety, peace of mind and pleasure of the customers.

Related: How to start an exercise book production business in Nigeria

In a question on Quora website, which says How do I start a hotel booking site?”

I came across one of the questions on how to start a successful hotel booking business and i think you need to read it out in the quote below.

Firstly, What is a hotel booking site?

A hotel booking site, in its basic form, is a marketplace. A flea market of sorts. Hotels come and set up their wares to sell, customers come and browse the goods and pick the one they want to buy. You’re the one who provides the essentials to make this transaction happen.

Now with any marketplace, the suppliers don’t want to give you control of their goods and pricing them, the buyers want the best deal and you’re making money in the middle on the transactions.

Now that we’ve established this, you will need to think about how your marketplace is different from all the others that exist already. Do you specialize in a type of product? Do you attract a customer that the hotels can’t get to themselves? How much money will you spend doing it? Everything else, like web platforms, connectivity, etc. are operational aspects of it (while still important) aren’t a strategy in starting up the marketplace to begin with. At SuiteStory – we set out to cater to a niche market – inspiring travel for premium customers who stay in suites.

Once you’ve decided what kind of a marketplace you’re going to be, now the job is to attract buyers and sellers. That’s more difficult than selling your own product, because you have to now convince both parties there’s something in it for them. No one would set up shop in an empty marketplace, nor will customers come if there are only a couple of vendors. So you’re going to have to spend significant amounts of money initially to convince both parties that this is in their interest. Think about who you’re going to market to (suppliers and buyers) and how. How much money will you spend before you can sustain operations from revenues.

One more thing, in most marketplaces, one side runs faster than the other – meaning you’ll be able to get more suppliers on board more likely than customers. The trick is to keep both in sync at all times. Airbnb actually is one marketplace that has a supplier problem – not enough hosts, but far many more customers. Amazon played buyers against suppliers and vice versa for years before they got critical mass.

Once a marketplace achieves critical mass, it’s a fun ride and a really good business model. But it’s a long hard slog until you get there.

I think i can call this business a how to start a travel booking website, how to start online hotel business or how to start online flight booking business because they all work on same business model.

so, let go back to our main topic,

This article will guide you on what is needed to start a hotel booking and reservation business if you have interest in it.

Business Guide on How to Start Hotel Booking and Reservation Business in India, Nigeria, United States, Uk, etc,

hotel booking and reservation business

  1. Study the Business Thoroughly

The key to succeeding in any business is research and having the requisite information about the business. It is therefore imperative to go through the process of understanding the intricacies of the business before venturing into it.

The business is a service-oriented one and will require your understanding of the capital requirement, the process of registration, the number of employees you will need to run the business, how to care for the customers, how to ensure you satisfy the customers and the possibility of expansion through growth and expansion.

When you study hotel booking and reservation business, you will be able to come up with a good business plan that contains all the necessary information for the growth and success of the business.

  1. Write a good business plan

To start a hotel booking and reservation business, you will need a detailed business plan. The business plan puts your business into focus and directs your actions towards becoming successful in the business.

The business plan does a lot of things for you. It could help you access funds for starting the business, analyze your strengths and weaknesses, project your cash flow and do other necessary things.

  1. Register your business

You need to give your business an identity. The identity is the unique name with which your business will be known. Just work on making it a brand and see the magic that follows. The brand you build your business around can help in sales.

You will proceed to get your business registered with Corporate Affairs Commission by paying the required fee for registration. This makes you a legal entity protected by the existing business laws.

  1. You need a working and registered website

Like I earlier stated, this business thrives on the availability of the internet and through the platform known as websites. To that effect, you will need to create or build a website that has strong protection to avoid being constantly hacked. The website has to be registered with hotels around to ensure that customers can have access to it.

  1. Have a Database System for Your Business

    hotel booking and reservation business

Starting a hotel booking and reservation business requires that you build a database system for the business. You can do this by allowing search engines to rank your website. The essence of doing this is to attract more customers and make more money.

  1. The perfect hotel booking and reservation module will be needed

For the success of this business, you will need the right module which has the perfect features for setting up a proficient booking and reservation system. More so, the module has to have important features such as multiple languages, multiple payment methods, customer support and compatibility over multiple internet browsers.

  1. Make your booking system easy to use for customers

You can build an app or have a website that is user-friendly. Either way, your hotel booking and reservation business will thrive on having a booking system that is quite easy to use. Reduce the stress the customers are likely to encounter during and after registration.

When you have an easy-to-use booking system, you ensure that customer’s personal information is stored permanently and you eliminate the need for multiple registrations.

  1. Provide Immediate Feedback to Customers

Your feedback mechanism has to be effective. When a customer makes a booking for accommodation on your website, you will need to send an instant confirmation to the customer to show you are ready to take care of them.

  1. Advertise your Hotel Booking and Reservation business

Advertisement and marketing is the life wire of all businesses. You have to map out a strategy for advertisement. We usually advise that you use all channels available to you when you want to advertise your business.

For a start, you can start with free social media advertising. You can run free adverts on WhatsApp, facebook, twitter, Instagram, Pinterest, Linkedin, and other platforms.

When you have the necessary funds, you can run paid adverts on social media too which, of course, are more effective. You can also run offline adds through the print media and other media. Just make sure you are known.

  1. Hire competent staff and train them

You will need people that will work for you. Even if you start solo, you will need more hands along the line. Therefore, it is important you hire wisely as the staff you have can make or mar your business.

 

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Full Biography And Net Worth Of Simi

Chijindu De-wigwe

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Top 20 Profitable Business Ideas With Low Startup Capital In Nigeria 2021

Gudtalent Chrisent

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Small Business Idea with low start-up capital

List of Top Small Business Ideas In Nigeria 2021

In today’s topic on top entrepreneur business ideas on Entorm, we will be looking at the hot and trending best small business ideas you can start will little capital and bag millions of profit from.

While the search for jobs keep increasing on a daily basis as the number of jobs keeps decreasing due to the high increase in population and other factors, there is also an increase in the question of ‘what are best small business ideas and what are the best small business ideas one can start in Nigeria to make a living.

We all know that Our Colleges and universities are graduating Tens and Thousands of students annually to compete and fit into just a few available jobs. Because of this, tens of thousands of people are considering starting a home-based business and other profitable business ideas.

On average, home-based businesses are mostly low-cost startup business ideas and good businesses that anyone can start without having to go through the long process of learning and mastering the deeps roots of the business.

People who have been part of the traditional 9-to-5 workforce and are on the verge of retiring from that life are thinking of what to do next. Well, it’s best advised you to Save for your Retirement to avoid long stories in the future.

The good thing about Starting a small profitable business idea today is that it’s almost within the reach of anyone who wants to take a risk and work hard.

So, let’s move ahead with the list of best businesses to start with little money

List of Top 20 Small Business Ideas with Low Startup Capital

  1. Computer Repair as a small business idea

Before starting a computer repair business, Study the main types of computer hardware and software that system users will want–word processing, photo manipulation software, mail merge, spreadsheet, design, and especially security software. Investigate all the components–monitor types in all their varieties; keyboards, from wired to ergonomic to wireless; mouse types; as well as peripheral components like printers and scanners. Become completely familiar with all the ISPs (internet service providers) available in the market area you plan to cover. Establish yourself as the guru who can meet the needs of the personal computer user, the small business or a larger corporation.

Entrepreneur Platform Help & Verdict on this:

You will need Experience, training or licensing, you will also need to have a good communication skill just to keep your customers as well as referrals. Starting a computer repair from your home will gradually push you into getting an office and within a few years’ time, you will become an incorporated company if you play by the rule. You can contact us for the business plan for computer repair now.

  1. Event Planning as a Small Business Idea

Nigeria is becoming more porous and open to event and show business, the love for event programs, shows, and parties is on the increase and as such you can take advantage of this green sign-waving you into the entertainment world. One of the first things you need to do is visit every potential event location with which you plan to work. Work with the marketing manager to tour each site and learn what is available at each location. Start a database that will allow you to sort venues by varying features–the number of people each site holds if there is equipment available on site, will you need to arrange for rental chairs, sound system, etc. Then when you are beginning to plan an event with a client, you can find out what the key parameters are for the event and easily pull up the three or four sites that meet the basic criteria. And engagement parties, etc. Good luck.

Entrepreneur Platform Help & Verdict on this:

This business has expansion possibilities and it can gradually pull you into becoming a popular celebrity in though you are or not full time into the entertainment industry. You don’t really need any professional skill here, all you need to be a good logician and know what people in a particular area want.

Need more and well-detailed guide on this? Order for the business plan by calling our number +2347037281050.

  1. Computer Training as a Small Business Idea

If you are proficient in both Macintosh and PC, you should offer training in both types of computers. You could probably make a living helping seniors learn how to use the internet and e-mail to keep in touch with their loved ones, who are now commonly spread around the country. Err on the side of caution in this business. People do not want to know all the details about what makes a computer work. If you overload them with information from the beginning by explaining bits, bytes, and megapixels, they will stick to their paper and pencil forever.

Entrepreneur Platform Help & Verdict on this:

You need Experience, training or licensing and good teaching skill and has expansion possibilities.

  1. Photography as a Small Business Idea

Even those on Campus can do this business and make huge profits. This makes photography one of the best small business ideas for students as making money as a photographer can be done in a number of different ways. You can specialize in one area, the most common being weddings. There are niches you can explore for photography: portraits of people and their pets, families, and homes; photographs of holiday events, birthday parties or Christmas cards; the possibilities are endless. A standard Cannon or Nikon Camera sales for about $400-$500 (average of 150000).

Entorm Help & Verdict on this:

You will need Experience, training or licensing. Learn the basic and go pro and watch how clients infiltrate from nowhere to you location.

  1. Website Developer as a Small Business Idea

Many courses exist (many of which, logically, are offered online) where you can learn the language of website creation and can learn about the details, like how to set up shopping cart systems, security concerns, etc. You will, of course, need to learn about each company you design for is not a big deal. What is the atmosphere of the company that you need to reflect in the website design–is it wild and contemporary, meaning brilliant colors and fun graphics? Or will more classic colors like black, navy blue and maroon be more appropriate? One thing good about this one is that you can design any type of website now without having the knowledge of any HTML, CSS, PHP, JAVASCRIPT, etc. All you need to is choose a good CMS platform like WordPress, buy a decent hosting plan for your client and themes will be used to make customization and give your client that look they want to see.

Entrepreneur Platform Help & Verdict on this:

You will need Experience, training, and creativity. You will need a PC or Laptop, an Internet-enabled device or Modem, time, and patience.

  1. Dog Breeder as a Small Business Idea

Pets are phenomenally popular in the U.S. but its gradually getting popular too in Nigeria and I suggest you take advantage of this and make you known with this business practice. While many people are willing to adopt from animal shelters, others are looking for a specific breed. Purebred dogs are more popular than ever and can command large sums of money. Guess you know that buying a dog is very costly, if you don’t know, why not take a tour and check out how much Foreign and Local dogs are sold for one. But becoming a dog breeder is serious business catering to savvy consumers with high expectations of their pet purchases. You will need to establish yourself as a conscientious breeder who cares about the health and welfare of the animals you bring into the world.

Entrepreneur Platform Help & Verdict on this:

You need Experience, training, or licensing. Make sure you segregate the security dogs from the domestic ones to avoid the security dogs from biting people.

  1. Business Plan Service as a Small Business Idea

Take your time to make market research and get the feasibility studies for different business practices. Offer a soup-to-nuts business plan, including market research, the business plan narrative and the financial statements. Plan your fee around the main one that the client will want and offer the others as add-on services. You can give clients an electronic file and allow them to take it from there, or you can keep the business plan on file and offer the service of tweaking it whenever necessary. Have business plan samples to show clients–and make sure to include your own!

Entrepreneur Platform Help & Verdict on this:

It has expansion possibilities and be ready to receive calls from people from different places that you don’t know. Because we also offer this business plan writing services, you could see we have our phone number in this article, asking you to call us if you need our Business Plan.

  1. Interior Decoration as a Small Business Idea

Interior decoration is one of the good and profitable small Businesses with low start-up capital that can propel you into a multi-million Naira entrepreneur if you can get and become very creative with the works of your hands. Market your talents to building contractors. People purchasing new homes can often be overwhelmed with the choices and possibilities in home decorating. Design some questionnaires for each major element and each major room in the house. Find out how the homeowner will use the home–are there children? Pets? Does the woman in the house wear high heels? Do the home’s residents neglect to remove shoes? How will each room be used? Where might task lighting and ambient lighting be most appropriate?

Entrepreneur Platform Help & Verdict on this:

Experience, training, or licensing and helping hands may be needed here. Get up and take a walk and do a market research and marketing yourself and make your money. Don’t forget to come back to here for my own share of the money once it starts coming. Hahaha.

Want a full report on the feasibility study or the business plan for interior decoration? Kindly contact us or call +2347037281050

  1. Jewelry Making as a Small Business Idea

Being Business start-ups with low start-up capital, Jewelry making/production can be a bit Capital intensive if you want to produce as a brand designer but you can start with a very little capital from the comfort of your room, all you have to do is to be very creative with your hand works and keep learning the new trends. There are many different ways of getting into the jewelry business and many different types of materials with which you can work. Working in metal will probably require the most in the way of specific tools. You need to be able to heat the metal to manipulate it, and you need metalworking tools to cut and engrave it. But there are many other materials that you can work with to make jewelry–glass, plastic, beads, feathers, even wood, to name just a few.

Entrepreneur Platform & Verdict on this

Experience, training or licensing, helping hands, and creativity may be needed. As said earlier on, be very creative and your market will grow drastically.

10. Property Management as a Small Business Idea

No wonder why Lawyers are all over this business, but I tell you; you don’t need to be a Barrister in order to go into this business. Your job, in the case of rental units, will be to make sure the property is running smoothly. For seasonal properties, you will most likely spend your management time making sure the property is ready for seasonal visits and well-maintained when no one is around.

If the owners go away for six weeks in the winter, the property manager makes regular checks on the property. You will be the contact number if the security system operator needs to contact someone about a breach of security.

  1. Wedding Planner as a Small Business Idea in Nigeria

Wedding programs are organized every weekend and as such probably don’t have to miss out on this opportunity. You will need to be up-to-date on wedding trends and fads, dress styles, color trends–almost everything under the sun! Offer your customers an ala carte menu of services, from helping pick flowers, the wedding gown and bridesmaid dresses to picking the venue and hiring the caterer.

Before you open your business, shop at all the wedding shops, and even pretend you are a bride-to-be to see what kinds of services the wedding gown shop provides and how they treat potential customers. You need to know every detail of the business to give the accurate impression that you are the go-to person for anyone planning a wedding.

  1. Cleaning Service as a Small Business Idea

Please ooo, don’t be shy here. Because it’s a money-making machine. it’s a Business startup with low start-up capital in the sense that there are many directions you can take this business. If you want to work during hours when no one else does, you can focus on office clients.

You can focus on retail businesses and keep your customers clumped into one or two blocks. Restaurants are in great need of daily thorough cleaning and can be a great source of steady clients. Perhaps you would be more interested in house cleaning. Many times with cleaning services you don’t have to spend lots of money on advertising or marketing because your customers will come by word of mouth.

People are building companies by starting a home Cleaning service business, there is no reason you can’t try this.

  1. Freelance Graphic Designer as a Small Business Idea

This? I know it too well. I’ve been a freelance graphics designer since 2013 and I must tell you it really paying well only if you give and spend quality time to becoming a better and creative designer.

Despite the proliferation of the internet, print media is here to stay for the foreseeable future! Fliers, newsletters, magazines, information sheets, letters, and advertisements are just a few of the types of print media that businesses hire freelancers to create for them.

Websites and online advertising need graphic design services as well. Even if your expertise is only in design, offer the works for potential clients, including the editorial creation and the printing and even mailing of the final piece. You can line up regular freelancers for those parts of the job you can’t do.

Entrepreneur Platform Help & Verdict on this

You will be needing Experience, training, and creative concept her

  1. Hairstylist as a Small Business Idea 2020

Hair-styling is one of the Business start-ups with low start-up capital that you can do today that have the power to gradually make you a millionaire. Hair-styling is a popular business that can be quite lucrative. Generally, a home-based hairstylist business is likely to be started by someone who has already had a cosmetology career and wants a change. If you already have your cosmetology training and license, and loads of experience under your belt working in a hair-styling salon, you probably have a following that will follow you right home without any hesitation.

Entrepreneur Platform Help & Verdict on this

Experience, training, creativity and good customer management may be needed. This business can be started as a freelancer if you don’t have a dime to rent an office. Meanwhile Setting up a small hairdressing saloon will not cost you more than 100,000 and 800,000 for a big saloon.

  1. Herbal Farm Stand as a Small Business Idea

the rate at which herbal products are increasing in its market demand is seriously calling for the attention of the entrepreneurs. Likes of GOKO cleanser, Osa Herbal Mixture, Dr. Aladin, etc. you need to decide whether you will sell your herbs as live plants, picked or cut in bunches, and packed, or dried. If you plan to market to cooks instead of gardeners, you will want to sell your herbs either fresh cut and packed in sealed bags, or dried and sold in baggies. You can also consider a “pick-your-own” arrangement; however, be aware that herbs are more delicate than most P.Y.O products. You may save your garden a lot of strife and your plants a lot of wear and tear if you do the picking.

  1. Body Spa And Massage Therapist as a Small Business Idea 2019

You will want to become certified in massage therapy to be able to effectively market your services. Courses that lead to certification include not only information on human anatomy and physiology and the effects that massage has on both, but also on how to make a business out of the field of massage.

Entrepreneur Platform Help & Verdict on this

You will be needing Experience and the act of professionalism. For a start, you need to have a conducive environment that must be in an environment of the rich who can pay for such services. Maybe as your business grows, you can include an aging park home for the aged people. Those in the European countries are already doing it and its generation thousands of dollars for them monthly.

Must Read: Don’t have money for your Business? Here are ways to raise the money.

  1. Music Lessons

Using Nigeria as a point of contact, in a number of 100 young guys, 10-30 are musicians. That is to tell you that Nigeria is really blessed with the market and has the resources it takes to make a good living producing and teaching people how to go about the music and music career. You want to stick to the instrument(s) you know, but you may be a skilled enough musician to offer lessons on several different instruments, or those in a particular class, e.g., strung or woodwind, Drumming, Piano, etc. You can decide to take on individuals or classes, depending on space and availability of instruments. Public schools are continually reducing their commitment to art and music classes for students, so you can try to work with the public school system to supplement their efforts in those areas. guess you didn’t know this business is among the Business start-ups with low start-up capital? now you know

Entrepreneur Platform Help & Verdict on this

Experience, training, and good teaching skills may be needed. Don’t forget to help the people you are coaching as it will help boost your demand once they turn into celebrities.

  1. Editorial Services as a Small Business Idea

Here are some of the editorial services you can provide from the comfort of your own home:

Copy editing. This is where fact checking takes place, and where grammatical, stylistic, and typographical errors are caught.

Proofreading. This is the last stop for a “finished” piece. The proofreader makes sure the copy editing changes have been properly made and no new errors are created in the process.

Indexing. There are indexing courses available and you can get indexing software.

Developmental editing. A developmental editor works with a manuscript on big-picture things like organization and content issues.

Book doctoring. This is an editorial service provided for manuscripts written by experts. They create a manuscript as best they can and then a book doctor puts it into publishable shape.

Ghost Writing. As a ghostwriter you actually do the research and write the book and someone Else’s name is attached as the author.

Copywriting Also known as business writing is writing that promotes a product or a service.

Book writing. Do you have expertise in something professional, such as accounting or interior decorating? Or personally, like knitting? Why not write a book about it?

Magazine article writing. Magazines and newspapers are a great way to get your writing published before tackling the daunting task of writing a whole book.

Web page content provider. Providing content for a web site is a good way to make some money writing.

Entrepreneur Platform Help & Verdict on this

This Business Has expansion possibilities and you really need to sit down and work.

  1. Car Wash as a Small Business Idea 2019

This business is good if you can set it up in a strategic location in a big town and cities where there are a good number of cars. It can at the same time be done both as a small enterprise and as a big enterprise. A car is being washed at the price of 500-1500 depending.

  1. Christmas Tree Sales as a Small Business Idea

I guess Christmas is fast approaching and this business is becoming a hot cake. It’s a seasonal business with high returns. If you want to start a Christmas tree farm, you need to plan ahead. It takes approximately seven years for a Balsam fir–perhaps the most traditional Christmas tree–to grow from a small sapling to a 5- to 6-foot tree. Selling your trees yourself is the best option. Consumers come to the property, pick the one they want, and you harvest it for them. The other option is to buy your trees from a wholesaler and sell them either in your yard or in a vacant lot that you rent from Thanksgiving to Christmas. If you like this business but you don’t have time for it, why not go for the artificial ones that are even more available in the Nigerian market.

How do you like this work on 20 Business start-ups with low start-up capital and its strength and how to go about it? Share on all the social networks and don’t forget to drop your comments below.

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Hope this article helps you find the next small business ideas that will help you make your next million-dollar move is well innovated.

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6 Modern Ways Of Saving Money In Nigeria

Odi Chukwuemeka Valentine

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