Do you have a spare home? Or a villa? Or a condo? Have you ever thought about renting your vacation home? Rent for for short-term can generate an consistent extra income for yourself.
If you want to learn more on how to give an incredible service to your guests and how to maximize the potential income from your property using short term rental you are in the proper place, I recommend you to visit the profitable home rental website, I am sure that it will be a unique learning opportunity for you. I am using that website as my journal for this adventure, for staying focus and motivated and for sharing my experiences and adventure with like minded people. My ultimate goal is give the opportunity to you (my reader) to learn from what I am doing in a pure “paying forward” manner and not repeat my mistakes.
I'm new to the Community from Home Away, but have had many personal homes on Home Away & VRBO for around six years. Currently, I have one listing. Today, when I was reviewing my listing from the travelers' perspective I noticed sponsor links. Now these links were not for attractions and tours, as I was expecting. They were for Bed & Breakfast establishments, lodges, hotel/motel and even some private homes not on Home Away or VRBO. All had active web links which would take one of our potential clients to another site.
I don't know about any of you, but this really irked me. I pay this company to represent me online, not to provide suggestions of other places to stay and take one of my potential clients from the site I'm paying to represent me. I wouldn't have minded if the links were for tours in the area. I'm in the California wine country, which provides many types of tours that do not include lodging.
Last year, Home Away and VRBO did a push in my area to get more homes listed. They were quite successful and rather thrilled with themselves. When I called, in February, to inquire about the decrease in my inquiries, about 50%, I was told about the marketing drive. So the successful campaign flooded the market and reduced occupancy across the board. My sales are down about $15,000.00, to date. I think the loss would have been more if I hadn't reduced my rates, paid VRBO for a more expensive membership and sign up for Book It Now, all to get my listing to rank higher on the page.
And now, I see this, which maybe I've over looked for years, but I think selling advertising for lodging on a site we are paying to sell OUR location is in direct violation of what we are paying for. Am I the only one with this opinion? I feel we should ban together and object. They aren't giving that advertising away, they're making money. Our costs have not been adjusted.
My background is in hotel management and ownership, average size 200-300 rooms. I understand how this business works. I've been in cities where the Convention Authority and City Council kept approving hotels and adding rooms to the detriment of occupancy overall, but advertising for someone to go someplace else is a new one.
I would love to receive some feedback on this. I know I've been long-winded and for that I apologize, but thank you for sticking with me to the end. If anyone has suggestions on how I should or could proceed with my complaint, I would so appreciate the information.
I plan to also lower my subscription level when my renewal comes due in several months.
When I renewed my two subscriptions a little less than a year ago, I was curious as to how the various subscription levels would play out relative to my inquiries. I rent two virtually identical condos located (side by side) on the same resort property site which is situated on a beach with a total of 122 VRBO listings.
For Condo A, I chose the highest level (Platinum at $999), and for the second, Condo B, I subscribed at the lowest level (Classic at $349). For the area of the island where our rentals are located, those subscriptions placed Condo A at position #4 and Condo B at position #116 on the front page listings.
After 10 months I have received almost the identical number of inquiries for BOTH condos!! Our separate "Inquiry Performance" graphs look very, very similar!
Discounting all other variables and based on this fact alone, I find Homeaway/VRBO's claim that "Platinum subscribers average 121%* more inquiries than Classic" to be something close to pure fiction! The more accurate claim based on my experiment lies closer to "Platinum subscribers average 20% more inquiries than Classic!" Looks like I'll be saving $650 at renewal time as I will list both condos at the "Classic" level. Getting the actual bookings will still be left up to me!
* Maybe it's a personal bias of mine, but I find it curious and questionable when any statistics appear TOO exact when we KNOW we are not dealing with an exact science of such calculations. I already know the numbers are skewed (i.e., made up?), so why not just go ahead and round up or down?
"Platinum subscribers average 121% more inquiries than Classic. (How about just 120%?)
"Gold subscribers average 74% more inquiries than Classic." (75% is close enough.)
"Silver subscribers average 39% more inquiries than Classic." (40% will work.)
"Bronze subscribers average 23% more inquiries than Classic." (How about just 25%?)
Cities in Colorado and the state of North Carolina are trying to go after VRBOs to get tax revenue. HomeAway is fighting back to protect its VRBOs from paying fines, back-taxes ... and probably even stay open as a VRBO. I bet more states and towns will get involved Read On:
Next will be AirBnB with all of its unauthorized Mom & Pops renting their sofa's and spare rooms. The big guys of course support this... if you are a hotel or a vacation rental manager paying your taxes and abiding by local and state regulations, why wouldn't you want the small guys to abide by the same rules??
An interesting article at Travolution suggested the travel industry losing 2B a year in poor site design... wouldn't it be more accurate to see the "loss" as business shifting to a BETTER travel website or moving to the phone instead of an online booking?
I wish I could prove how much business the vacation rental and hotel industry loses due to design and usability issues... Blizzard just completed an A/B test on a quick search widget (top right of homepage vs lower on homepage) and a visitor was 11.4% more likely to search inventory when the quick search was at top. Hopefully that is 11.4% more customers who don't leak out to a competitor's website!
We used Google Website Optimizer to do the testing which achieved a certaintly level of 99.2% over about 30 days of testing.
The early iterations of Google Plus are interesting to watch, but Google Plus is still only a curiosity from a business standpoint. Not only is there not a business offering, Google has warned businesses not to setup a Google+ account for your business.
Officially, Blizzard recommends you wait a bit longer on Google+… but read on for more specific instructions.
That said, it is easy to imagine how a business could use the existing functionality to build a business page and create a circle of “friends” and clients to communicate with. Right off the bat the Hangouts feature is a promising business tool. Blizzard tested Hangouts this morning with a video conference call and it worked great. It was an easy tool for a bunch of Blizzard employees and clients to get together at an appointed time and have a discussion. Hangouts allowed just audio or audio + video. Additionally, any user can share their screen. Hangouts is limited to 10 people AND the organizer of the conference can’t control it. In this sense, GoToMeeting is a much better option for a more push-type presentation. Here is a short video from Google:
We recommend that you:
Get a GooglePlus (or Google+ if you prefer, I use them interchangeably) account for your personal business just to acquaint yourself with how it works. Read Google + for Newbies if you want some great tips.
Try the “Hangout” feature to see if you like it for business meetings with remote colleagues.
Add the +1 button to your website, parallel to the “LIKE” button so early +1 users can start using it. Click here for directions on adding the +1 button to your website.
The “new” version of Google Analytics has several new reports that are worth studying. One report I like is the “site speed” report which is newly available in Google Analytics… it simply tells you how fast your website loads on average and also breaks down specific pages for analysis.
News: Übersuggest provides a useful service by collecting the auto-suggested search words provided by Google News as you type.
Video:YouTube Promoted Video Keyword Research Tool provides insights into what users are searching for on YouTube with options to source your suggestions from keywords, another YouTube video or a diverse array of demographic information.
Social Media: socialmention is a general social media search engine that provides a downloadable list of keywords that most often occur in conjunction with whatever it is that you search on.