Want to start an online business then online charted flight booking business is a good idea to start your entrepreneur journey and enter in an ecommerce area. In this article, we will discuss in detail online charting flight booking portals – where you will see the business model, revenue model, and most important website features.
Some years ago, most businessmen had difficulties booking online chartered flights i.e. they had to find a broker and negotiate the rate for a limited number of chartered flights. This process usually takes a long time (hours to days) and there is no type of financial accountability and assurance of a flight journey.
But now, there is a best solution for the flight journey with the help of top online chartered flight booking websites like – Jetsetgo, Bookmycharters, and Flycambers have made the journey of chartered flight easy, affordable, accountable, and assured. You have to just choose the travel date and time, departure & arrival location and the total passengers.
These portals give many access to their customers, like – instant booking and the removed the concept of middle class, rich businessmen. Now, first of all we try to understand the business model of these online charted booking portals.
Table of Contents
Business Model of Online Charted Flight Booking Business
Do you ever think, the charted flight booking websites similarly look like any other online travel booking websites. If you go in depth then you find the uniqueness of a business model for the online flight booking. To understand the concept of the business model, you can see the diagram below, and this is easy to use for your business planning.
This business idea and business model is applied for these following online charted flight bookings business:
- Private jets
- Helicopters
- Air ambulances
- Yacht
- Ship
Always keep in mind, a private jet is always booked in a one-way and you have to return empty. In these situations, you have to give a heavy discount to travelers to avoid flying empty. This business is good and easy to launch but you have to prepare yourself with a business model, revenue model and many more. Also you have to know the rules and regulations of this business, this will help you to fight in upcoming business problems.
To book online charters for domestic traveling, customers should have these following details ;
- Destination locations
- Types of Charters / jet
- Time and date of journey
- Total number of passengers
- Onboard facilities
- Baggage type and amount
To book online charters for international traveling, customers should have these following details:
- Visa related details
- Passport Number
- Nationality
Besides, to set up an online charter booking business you have to connect with many aircraft, helicopter, or yacht companies and get the details of their route, prices, and flights. This will help you to run your business smoothly, if any situation happens then you connect with your competitors.
Business Model Canvas of online charted flight booking business
Business model canvas keeps business model and highlights the key strategic points that are beneficial for business to make a good plan. There are 9 components of business model canvas that are required to make your business model canvas. We will discuss all the points in detail to understand all the things for online charter flight business. You can see and download the diagram of the business model canvas.
- Key Partners – Key partners for online charted flight booking business are private jet operators, aircraft business owners and aviation service providers. You can also connect with online payment processors and financial institutions to secure your customer transactions. To enhance your customer enquiry you have to collaborate with travel agencies, technology partners for web development and customer support.
- Key activities – Firstly, you have to build a user-friendly platform for booking flights, then you have to build good relationships with aircraft owners and private jet operators because you have to manage real time availability and pricing data for a healthy relation with your customers. Digital marketing is the backbone for your business to show your customers about what you are offering different from your competitors. In case of any accidental situation you have to introduce insurance at a time of booking.
- Value Proposition – The value proposition for this business is very necessary because your customer must know what’s the worth for booking with your platform. You may show luxury, convenience, efficiency and safety. This combination helps your customers to have hassle free travel experiences.
- Key resources – The main key resources of an online chartered flight booking business is your website that is built up with good technologies, skilled customer support teams and strong relationships with aviation partners. You also have to ensure compliance and safety.
- Customer relationship – To maintain customer relationships you have to have personalized services. You have to open support team for 24/7 availability and improve customer loyalty and satisfaction
- Channels – Your website and app should be user friendly. Always update on social media with engaging content and spend money on digital marketing.
- Customer segments – You have to focus on convenience value and premium services like high net worth for individuals, corporate person, celebrities and luxury travels. You should also focus on urgent travel solutions.
- Revenue streams – Revenue streams for this business are coming from various factors like booking charges, commission and many more from flight operators to membership subscription.
- Cost structure – The cost structure for online charted flight booking business in the technology development like website and app development then you have to focus on marketing budget, staff salaries, regulatory compliance, insurance and many more.
Revenue Model of Online Charted Flight Booking Business
The main revenue model of online flight booking portals is the service charge, which is usually cut as a commission from the fees customers pay to the flight companies. This service charge / commission is changed according to the operator, companies, flight type, and etc.
Beside the commission or service charge, followings can be applied for additional revenue methods:
- Monthly or annual subscription for customers to get updates regarding available seat on a jet, empty legs happen, and other discounts available
- You can host banner ads of different tour and travel companies, i.e. this will be helpful for customers to book flights on your website.
Sometimes cancellation policy gives some extra revenue model that is worth it and you have to monitor this.
When the customers makes a booking then companies or operators have to make a number of positioning like –
- Crew positioning
- Total staff stay
- Ground handling
A big amount of money is involved in these processes. So, in case of cancellation, you can add some charges of cancellation to bear the above costs. You have to do some research to understand the concept of the market and make a cancellation policy for your business.
Now, we are going to discuss essential website features.
Essential Website Features For Online Charted Flight Booking Business
Your online charted website should be well designed, well structured, easy to checkout and booking, easy to use, quick to load, and security and privacy. This online business model introduces you to chart flight booking in convenience and availability. Following are the important website features and tips that you have to implement on your site to look well.
- Search bar
- Search results
- Booking page
- User profile section
- Discounted flights
- Faq
- Mobile app
Search Bar
The homepage of your website is the right place to add your search bar that helps users to begin the booking and browsing process on your website. The search bar should contain input fields for these following details:
- Booking and checkout options
- Latest news
- Flight types
- One way flight / Two way flight / Round trip
You have to add these selection options of your website in the right place, if you add these features on your site then this will enhance user experience.
Search Results
Make sure your search results will be shown with key details like – price, seating availability, scheduling with calendar and it is available for instant booking. Your search result view should be awesome and looking good. In the search results, there are some options to allow users to filter results according to their query like – flight type, charted details, and any other facilities.
Booking Page
Your booking process of the website should be similar to other online travel booking websites. Booking page should be much cleaner and clear to understand the users. You can some modification in booking that is mentioned in the following:
- Not to pay full amount during advance booking, you can keep it as a certain percentage of the total price
- Add the details of facilities and cost breakdown
Also, you have to take advanced security measures in order to add payment gateway in your online charted booking website.
User profile section
All registered users of your business should have a proper profile section where you can provide some features according to user preferences like – flight types, price information. You have to suggest your user to grab the extra discounts on booking with the help of user profile details.
Discounted Flights
You have to build a section on your site for discounted flights and empty legs, and available seats on booked flights. Here, customers have to subscribe to annual or monthly subscriptions to get notification about these types of flight discounts.
Faq
This business model is difficult to understand for the users. To solve the users query you can add faq features on your website. You have to cover all the common questions that cover many answers. You can also provide a feature to ask new queries for users.
Mobile App
If you want to make the user experience as easy as a cab booking app then you have to make a mobile app for your business. Mobile apps are not the same as your website, you have to change some points to improve user experience. In the mobile app, you have to add most use or important features to make lite and speed.
Conclusion
Online charted flight booking business/portals is a new and awesome idea to start at this time. All the tips and steps are provided in the article and you also have a business model and business model canvas that can help you to run this business. Right now, many people are switching to private travel because it is comfortable.
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