Scaling the Ownership Model in a Secondary Market
Summary
This article discusses the challenges and strategies for scaling an STR business, particularly within the ownership model, focusing on practical advice, revenue management techniques, and CEO-level focus. Hosts can learn how to approach challenges related to scaling an STR business, optimize pricing strategies, and identify their business bottlenecks for efficient growth.
Key Insights
- •The biggest challenge of the ownership model is scaling fast, which requires capital, partners, and contractors.
- •STR CEOs waste 30 to 50 percent of their time on low-value activities.
Action Items
- ✓Identify the biggest bottlenecks in your STR business to focus CEO-level attention and accelerate growth.Effort: mediumImpact: high
- ✓Review bookings daily and weekly to understand pricing signals and adjust strategy.Effort: lowImpact: medium
Tools & Resources
- →Legends X STR Accelerator: Legends X STR Accelerator
- →Freewyld Foundry Revenue Review: Get a Free Revenue Review → https://www.freewyldfoundry.com/report
- →Freewyld Foundry: Learn more about Freewyld Foundry → https://www.freewyldfoundry.com
- →The Step-By-Step Plan For Scaling Your Airbnb Business to $1M and Beyond: Register for The Step-By-Step Plan For Scaling Your Airbnb Business to $1M and Beyond
Watch Out For
- ⚠Most STR operators underperform not because they lack tools, but because they don’t know what to look at, when to look at it, or how to interpret booking behavior once it shows up.
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