26. May 2011
| by
John
With the economy continuing to be an issue for all large and small businesses, vacation rental owners are feeling the economic crunch as well. The rising gas prices are also a factor in whether or not tourists will book your rental cottage this summer or just stay at home and clean out the garage.
Adjust Your Perspective
So how do you ensure that your vacation rental stays booked? For the answer to that question, you have to begin by recognizing that your vacation rental property is more like running a small business. Though it may have started out as an investment and does fit that criterion, your vacation rental property is much like owning your own small business.
When you think of it as a small business, all sorts of ideas for promoting it will come to mind; ideas that you might have otherwise overlooked. For instance, most small businesses have some sort of an advertising budget so that they can draw customers to their door.
Do You Have an Advertising Budget?
It doesn’t have to be large but you should still set aside a certain amount of funds each year for advertising your vacation rental property. Remember that this money will be tax deductible, so that takes away a little of the sting.
Next, do your research. Find out where your advertising dollars can best be spent. A good place to start is forums and chat rooms for vacation rental owners. These are also excellent places to get tips on other aspects of owning a vacation property. Depending upon how much you are able to charge for yours, it may behoove you to hire an internet marketing specialist to help out. These can often be hired for pretty economical rates from free-lancing sites.
Offer Vacationers Amenities They Can’t get Anywhere Else
This is also a concept often used by small businesses. Offer your customers (renters) something they can’t get at the business down the street. This could consist of anything from discounts during certain seasons to free coupons for popular nearby attractions. Let’s say your vacation property is in the Orlando area. You could offer tickets to Disney World.
Everyone loves to get something for free, so offering discounts and valuable coupons is an excellent method of ensuring that your vacation property is always full. In the end it could even be much cheaper than most forms of advertising.
Don’t Forget the Biggest Secret of All!
This is a simple tip and one that you may have heard but it bears repeating and reinforcing. Be sure to offer your tourists a luxurious place to enjoy their vacation. Make sure the cabin, cottage or condo is fresh and clean. Don’t cut corners on the bed linens and towels. Your vacationers deserve the best!
You might leave a nice bottle of wine or a fruit basket on the counter for them. Even a lovely greeting card on the door that welcomes your weary travelers has been shown to greatly impress tourists. You can be sure that your renters will remember these little extras and thoughtful details when they are considering where to spend future vacations.
An Old Fashioned Business Practice
As with all small businesses, if you offer an excellent product at a great price and add extra value by throwing in some freebies, then your vacation rental will stay in high demand. Because everyone enjoys getting a superb deal on products and services and they especially love when you exceed their expectations.
This is really not so much a secret as it is just good ol’ common sense and old fashioned business know-how.