Joystar Company Information

Joystar is the nation’s largest and fastest growing travel agency network. The Company specializes in selling complex travel products including cruises, vacation packages and group travel through its national salesforce of over 3,000 of independent travel agents. Joystar’s comprehensive business solutions combine innovative technology, marketing opportunities and expert support services to independent and home-based travel agents giving them more time to do what they do best, sell travel. With Joystar, professional travel agents can concentrate on promoting travel and servicing their clients without the administrative and financial burden of owning/operating a traditional storefront travel agency. As of January 1, 2006 the Company’s membership was 3,118 agents. The Company believes it will have 4,500 professional travel agents by the end of 2006.

Main Revenue Models:

Travel Agency Model

Under the travel agency model, the Company acts as either an intermediary, or a merchant. When we transact travel bookings acting as an intermediary in the transaction, we pass a customer’s reservation to the travel supplier (airline, hotel, cruise line, car rental, etc.). The Company receives a commission from the travel supplier after the travel is completed. In the agency transaction, the supplier sets the retail price paid by the customer, and is the merchant of record for the transaction.

In a merchant transaction, Joystar receives access to consolidator fares (wholesale airline seats and hotel rooms) from suppliers at deeply discounted negotiated rates. Joystar determines the “mark-up” and processes the transactions as the merchant of record. Acting as a merchant enables Joystar to achieve a higher level of gross profit than in the agency model and generally provides better prices to customers than an agency transaction. Integrating merchant inventory with the online booking technology platform enables the Company to create a significant benefit to the Company’s agents, customers and preferred suppliers.

Comments

[Jerry]

This is an interesting concept. I would need some insurance that I'd be fairly compensated in the plan. I'd be interested also to know how the company is marketing travel packages to potential customers.

Jerry
www.leads4insurance.com

[Eil]

Hi

I wanted to let you know about our company. We sell 3 day 2 night travel certificates that are used by many companies as incentives. The cost is only 0.35 cents each and they come with your company name and website imprinted on the certificates.
http://www.increasebusinesssales.com

Think about using these for referrals or give them to customers/clients. You can sell them for a profit to your down-line.

The end user of the certificates has a choice of over 20 destinations to pick from. Take a look at the destinations at the website. http://www.increasebusinesssales.com

They pay a processing fee of $12.00 and the taxes on the room which is about $7.00-$12.00 a night depending on the location.

http://www.increasebusinesssales.

[Tricia]

Joystar is having 'accouting' problems and has not paid commissions is 6 weeks. At first you could get through to them, but not anymore. I have been trying diligently to reach them by phone and have spent more than 6 hours on hold. They also responded to emails 2 weeks ago, but no more. I cannot imagine a worse offense by an employer of any kind, than to not pay in the manner in a timely manner. I wonder if the employees in the office are doing without their income? I doubt that very much. If it were my company, I would be working around the clock to straigten this out and I would be in touch with every agent with a time frame for resolution! There is nothing mentioned on their website about this and as mentioned earlier, you cannot get in touch with them, at all. Shame on them!