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Updated RecentlyTravel Network vs Mybestplanet Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Travel Network vs Mybestplanet including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $34,200 - $99,000 | $26,000 - $65,000 |
| Franchise Fee | $3,950 - $29,900 | $7,800 - $19,500 |
| Royalty Fee | $250-750/mo. | 0 |
| Advertising Fee | - | 0 |
| Year Founded | 1982 | 2009 |
| Year Franchised | 1983 | 2010 |
| Term Of Agreement | 15 years | 5 years |
| Term Of Agreement | 15 years | 5 years |
| Renewal Fee | $500 | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/No | Yes/No |
| Start-up Costs | No/No | No/No |
| Equipment | No/No | No/No |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | Our initial support Upon a set delivery date we will create for you a fully working duplicate portal along with the backend and myfacility control systems (management area for the accommodation facilities which you can access using the same username and password for the backend) with which you will operate the portal and manage your business. We have structured a training program covering every aspect of the business, designed to fast track you through all the operating procedures. We will work with you to give you all the right input that will help you to implement the content sections, which will be preparatory for other steps, namely the sale of advertising space and especially the online accommodation facilities affiliation. Our Franchise Operations Manual explains all the portal sections and the way to work around them. Our help desk is always at your disposal for questions and suggestions. Our ongoing support We are constantly updating and expanding the portal with new tools and functionality, guaranteeing an up-to-date platform in this ever changing market. In addition to the above, our free ongoing support includes: � Design and Creation of all advertising materials on your portal. � Training, coaching and support from our dedicated team. � Helpline facility for advice on all technical aspects of the business. � Access to your backend to full control your platform. �Providing all the corporate identity materials (business cards, presentations, contracts, business commission form etc.). � Portal hosting and management, renewal of your Secure Server Locket using the best companies on the market (Verisign, GoDaddy, etc.). � Implementation of all new web applications and upgrades. � Commitment to constantly develop the brand awareness of Mybestplanet and its network. � Search Engine Optimization (SEO) & Internet Marketing |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Currently our advertising costs are entirely based on web promotion (PayClick, AdWords, listing, Impressions, etc...) that is the end-customers resource. |
| Operations |
Franchise can be run from home. 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Travel Network
Travel Network Ltd. was founded in 1982 and began franchising in 1983. In 1998 it was acquired by Global Travel Network LLC, which operates Travel Network, Global Travel Network, Power Partners, Etravnet Agency and Vacation Central. The company is based in Englewood Cliffs, New Jersey, and has more than 500 locations throughout the United States and internationally.