Top three learning lessons from 350 podcast episodes.
- We’re not selling a space, we’re selling an experience
- The size, #rooms and location don’t drive the price as much as with LTRs and real estate prices
- Two completely similar units can make very different amounts of money
- Google “most popular Airbnbs,” they are all unique experiences.
- Before you start an Airbnb, figure out what the experience is that you’re going to provide and the avatar that you’re going to target
- A traveler who stays 3 nights just wants to have a stressfree, comfortable experience. Communication, amenities, and providing the right information.
2. It’s a lot of work, but you can take yourself out of the business for 95%
- There is so much you can automate (Messaging, pricing, task management, self-checkins etc.) Go to https://getpaidforyourpad.com/airbnb-tools/ to find the best ones.
- The power of a VA (one of our Legends Rebecca runs 100+ units and only spends a few hours a week working in her business
3. You can drive a lot of bookings through your own marketing channels
- Collecting emails
- Social media
- Direct booking website
- It’s a long-term investment, but you’re building an asset
- No dependence on Airbnb and other platforms
Must Listen episodes
Combination of Most Downloads & my personal favorites
Ep263: How to use Social Media to Market your Airbnb
Ep260: How to Rank Higher and Drive More Bookings
Ep024: With Chip Conley
Ep034: How an Airbnb experience can create a bond between people
Ep047: How Airbnb empowered this host to keep his home from being foreclosed
Go to Get Paid For Your Pad, click on podcast, you’ll find the show notes with links to all these episodes.
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