Setting Up Your Airbnb Listing for Faster Profits
Summary
This Get Paid For Your Pad episode discusses strategies for setting up an Airbnb listing for faster profits. It covers a 5-step framework including how to decide where to invest, when to launch, optimize titles, and price your property. Implement these strategies to get more bookings.
Key Insights
- •Kelvin Mah's framework includes deciding where to invest (considering local regulations and market demand), when to launch (30-60 days before busy season), what to use in the title and description (strong call-to-action, amenities, and points of interest), and how to price (break-even pricing initially, then adjusting for weekends and peak seasons).
- •The article suggests using your 5 BEST photos in your listing and that variety is helpful.
Action Items
- ✓Consider local short-term rental regulations before investing in a new Airbnb listing.Effort: lowImpact: medium
- ✓Research overall demand on Google Trends to determine when to launch your new listing.Effort: lowImpact: medium
- ✓Start with break-even pricing when launching a new property and then raise prices for weekends and busy season.Effort: lowImpact: medium
Tools & Resources
- →Airbnb Smart Pricing Tool: Other resources mentioned include 11 Tips for an Invincible Airbnb Pricing Strategy, Airbnb Smart Pricing Tool.
- →Rankbreeze: Kelvin Mah is the Founder and CEO of Rankbreeze, the premiere Airbnb optimization toolkit and rank tracker.
- →Rankbreeze AirReview Chrome Extension: Other resources mentioned include Rankbreeze AirReview Chrome Extension and Google Trends.
More from Growth & Marketing
Airbnb is launching a new host bonus as travel demand surges for the upcoming World Cup. This strategic move aims to encourage more listings and capitalize on the expected influx of guests. The initiative highlights Airbnb's efforts to prepare for peak season travel and its ongoing support for hosts.
This article discusses the emergence of a new platform designed as an 'Airbnb' for hourly creative spaces. It aims to solve the difficulties creators face when finding and renting spaces. While not directly about STRs, it highlights a potential niche market that could be applicable to hosts considering offering hourly space rentals, indicating a shift towards accommodating creative industries.
Airbnb is offering a $750 incentive to attract new hosts to list their properties for the World Cup. This move aims to ensure sufficient accommodation for visitors during the event. This initiative highlights the importance of short-term rentals in accommodating large-scale events and provides a financial benefit for new hosts.
Curated by Learn STR by GoStudioM