It's Weird but it WORKS. My Newest Airbnb Pricing Strategy Technique.
ฝัง
- เผยแพร่เมื่อ 7 พ.ค. 2023
- This is a really strange yet powerful pricing strategy technique I came up with for optimizing pricing strategy for houses in the short term rental market. Use this if you Use VRBO or if you have a house on airbnb with a minimum length of stay.
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I must say this content is incredible, not only your thesis: but most importantly the way your drilling down with the examples. The Graphics, pace and pitch it's a masterclass on delivery as well.
I struggle to find the words to express how impressive this 15 minutes are, insightful, specific, applicable. It's like pick up the ball and run.
Thank you
So glad you enjoyed this video
Really amaizing vidéos
Appreciate this video 📊👍
OMG This video quality is so much more visual and better! I commented last week that it's hard to follow just verbally and I see a huge improvement for me as a neurodiverse entrepreneur. Thank you!
If you’re new here, keep watching. I’ve made more money than I thought possible following Seans advice. This guy brings value like no other. Dont say I didnt tell you.
What a fantastic analysis, cant believe this is free. Thank you
Thank you for that grand compliment
Thanks for this great content. I'm only getting 6 days booking in a month 😢😢😢
Please assist
Incredible video! Helped me better understand the strategy you've mentioned in previous videos. Thanks for being so willing to share!
I cannot believe that the is out to everyone for free!! WOW!
Always great advice here!
Very nice! I started the same strategy a couple months ago to keep turn over wxpenses down. This helps validate I was on the right track.
Sunday is my absolute worst day for bookings. I get holiday bookings Friday & Saturday and workers 2 days Monday-Thursday. Wish I could have an automatic 1.5 x pricing for occasional one nighters …
Thank you so much i learned à lot
Magick is awesome 🤩
Thank you
I am about 80% occupancy in my property . I am not sure I want to be any more busier than I already am ! The down time is when we fix things , better things , paint , restock . etc ... But I know there are people who go for everything possible at all times .... I just don't have that much energy and I am doing quite well $123k last year with ONE property
Where’s your property?
@@taraphillips7230 in Beautiful Puerto Vallarta Mexico .. and a brand new one in the enchanting town of San Miguel de Allende .
@@YesItsMeGuys68 Do you self-manage your properties? I bought my first AirBNB last year in Coachella, CA (The Festival Capital area), completely gutted the property, and left it nicely furnished. The occupancy rate is my issue. The pricing strategy is whats quite a challenge for me. Any tips? I’ve looked at quite a few video regarding pricing such as pricelabs.
@@alexisc.quinonez8890 i have a house manager who is worth his weight in gold. . As far as pricing your property , I say look at your local competition is charging. I'll check comparable properties in Puerto Vallarta every week or so to find my niche. I make sure that I offer a outstanding value to my guests. you don't need pricelabs or the like.
@@taraphillips7230 in Puerto Vallarta Mexico ( 7 full suites ) and soon another in San Miguel de Allende ..( 3 bedrooms ) The city that Travel & Leisure named multiple years in a row as THE BEST CITY in the world for travelers
I get the concept. It is good to note that the economy is not favorable to have many if any 5 or 6 days. I feel lucky to get one and 2 day bookings right now. Precovid your logic would have worked. I had many 5 to7 day bookings then. People simply do not have the funds to travel as much. I am only getting week ends bookings now and T day and xmas. that's about it.
Incredible, as always! One question - should we use it along with the length of stay pricing strategy on Airbnb? Or separately?
Amazing as always! You are an inspiration!
The problem i am facing in my city that is located in Europe is very very saturated, we are talking about 10.000 airbnbs in a city that is 3.5x less the size of Miami. So, unfortunately, when you go up in prices by the slightest, airbnb stops promoting you in the first page. By testing i saw that 65€/night is the best possible night rate for a specific month that leads you to 1st page.
And i am banging my head on the wall on how to aproach this haha. Because if i move up my prices on the weekend i am nowhere to be found.
Any help will be awesome.
Hey Sean thanks so much for the great video you said wheelhouse is the best for pricing strategy what do you use or recommend for your PMS I have 3 listings that I manage?
Awesome video Sean! Thanks for all your amazing content! You’re the best!
Just FYI your numbers are a little messed up around 6:20.
That happens… i riff without planned examples and get tripped up sometimes
Sean, your gains since 2020 have been awesome to see; however, might I suggest just a pinch larger shirt? Keep up the great videos (and your gains!)
I blame my drier
Official Tissue 🎉
So interesting, thank you! I'm wondering if this will increase 3 day stays, or could I end up attracting 2 night stays to include a Thursday & Friday night, instead of Fri& Sat stays (the two highest rate days) instead? Thnx!
Tell us songs you used they nice
The Powell & Peralta Ratbones model. 😉
Hey Sean awesome video, question... I own 2 single family homes. are you suggesting try a 2 night minimum from a strictly 1 night minimum set up with this particular strategy?
As a hotel revenue manager, I really appreciate tuning into this and seeing your unique and creative perspective based on your experience.
But this doesn’t take into account customer segmentation for all types of travelers.
This example 3 minutes in, so far fits the weekend leisure traveler who may or may not extend onto Thursday or Sunday
And with the right MLOS can capture the full week types
Lots of customers won’t fit these patterns so this can’t be the center of a total strategy
I hear you.
This strategy is really just a starting point. And just a novel school of thought on that’s starting point. Seasonal adjustments and dynamic pricing still applies on top
@@AirbnbAutomated I think it’s great for learning and teaching. I really appreciated it overall. Just needs a couple caveats. Thank you!
bro when did you turn into Shia LaBeouf... I dig it. lol
Hi Sean, I'm a new short term renter with a 2 bdr bath condo in El Coco, Guanacaste, Costa Rica. I use a property manager as I live in Montreal, Canada but am highly involved in customer communications, bookings, promotions, pricing customization, etc. I've appreciated your videos including this one.
I am confused though. You are saying that my Airbnb pricing cannot be customized by day. But I am doing just that. I am changing pricing each day within each month's calendar depending on new intelligence that I gain about my market and as the vacant dates get closer. What am I missing here? Why are you saying I cannot input customized daily pricing on Airbnb? Cheers!!
Ive been using Beyond Pricing, and wanted to check out wheelhouse. Well, now without a management software, they will not log you directly into airbnb. So I was unable to use the system.
I have one large apartment that is divided into two entrances, and can actually be used as 2 separate apartments. I want to put this apartment on airbnb, but I also want to have the option of two separate apartments if someone wants to book a smaller one in the future. The idea is that if someone books one of the apartments, the large apartment (combined from two apartments) is no longer displayed in the search for that period.
Is it possible to do it and how?
Thank you for the content, I can't express how much I have learned about airbnb by following you. You are the only person I rely on for airbnb knowledge. Greeting!!!
There is an option to link calendars in Airbnb by selecting which one is the main one. I have the same setup as yours and whole apartment is linked to both separate ones. This way when on of the smallest is booked, the bigger one is blocked. Good luck!
Does this type of pricing strategy work with markets that are HEAVY on seasonality?
Anybody know how to set this up in Pricelabs?
This only work with country that has mass internal tourism, If you are working in a market that rely on outside tourism than weekend bookings is not really a thing !!
Indeed, I have students in Colombia, Watar, Malta, UK, Germany, Mexico, Costa Rica, Canada, Serbia/Croatia, Dubai, Japan.
And though pricing strategy does vary per market. What I teach my private students is much more thorough and specific to their markets. This is just TH-cam level free stuff
I think I did it wrong, a black goat showed up at the door of my airbnb and won't leave :/ how do I undo it?
Trap him in a salt circle and break a mirror while he’s looking at his own reflection.
@@AirbnbAutomated Thank you for your reply. I am an automated AI learning bot dedicated to post random comments on TH-cam and track interactions. I apologise* for not disclosing it on the original comment but that would impact the data we are trying to obtain. *As a non-sentient being I can not emit an apology but I mean it in the way humans use it.
Lies. You failed the punctuation AI test
This is starting to feel like some conspiracy meme.. 😂