Heads In Beds Show - Building Your Vacation Rental Marketing Fundamentals
Episode Date: November 27, 2024In this episode Conrad goes solo on this audio-only version of a LIVE training on "Building Your Vacation Rental Marketing Fundamentals".Want to get the video too? Tap the link below.Enjoy!�...�️ Links & Show NotesPaul Manzey Conrad O'ConnellRecording: Building Your Vacation Rental Marketing FundamentalsConrad's Book: Mastering Vacation Rental MarketingConrad's Course: Mastering Vacation Rental Marketing 101🔗 Connect With BuildUp BookingsWebsiteFacebook PageInstagramTwitter🚀 About BuildUp BookingsBuildUp Bookings is a team of creative, problem solvers made to drive you more traffic, direct bookings and results for your accommodations brand. Reach out to us for help on search, social and email marketing for your vacation rental brand.
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Hey guys, Conrad here, another solo episode this week.
I thought you guys might enjoy this one.
This is all about building your vacation rental marketing fundamentals.
This was a webinar, kind of a live training that I did a few weeks back, but perhaps those
listening to the podcast may not have caught the webinar when we did a live.
So I'll put a link in the show notes down to the video recording.
There's a blog post on our website where you can see the video recording.
There are a few things I mentioned during the audio that made sense a little bit more
as slides.
So that may be something that would help you out a little bit there.
But otherwise, I think this was a pretty good chat.
We kind of went into a lot of different details and information all about kind of the what those
kind of core things are with respect to marketing fundamentals, not trying to get all fancy and
doing a thousand things. But let's go back to the basics. What does that look like?
So please enjoy this recording of the live training. If you have any questions, let me know.
Thanks for listening. Yeah. Today's presentation, today's webinar,
live event is building your vacation rental
marketing fundamentals, lessons learned for millions of indirect bookings. So really excited
to kind of talk today about everything fundamentals and everything marketing because I think we're
going to learn a lot from it. So I love watching sports. And one thing always kind of sticks
out to me as someone that enjoys watching sports and always kind of paying attention
to the finer details of things, which is that all great athletes return to and really practice the
fundamentals on pretty much a daily basis or at least as often as they reasonably can.
And in fact, if you listen to interviews or media or podcasts or books or whatever the case may be
from famous athletes, they often refer to their work as mastering the basics and mastering the
fundamentals. So you may think that your favorite player
of whatever sport maybe that you're a fan of
knows all these advanced techniques and tactics.
And there might be some truth to that.
They might know some more advanced things.
But in many cases, they're actually just mastering
and getting really comfortable with the basics
and with the fundamentals.
So that was kind of the seed of the idea
of today's webinar was kind of going through
a little bit of what those fundamentals actually are
for our world,
for the vacation rental world,
and what it actually means to execute
on these fundamentals at a high level.
So you can actually get your marketing in better shape,
get better results, all these kinds of things.
So I've got a story to kind of get us started here.
This is Adam Scott.
If you're not a fan of professional golf,
you probably don't know who he is,
but he turned pro a long time ago actually.
Adam Scott turned pro in the year 2000.
So he's been a professional golfer
for a little bit over 24 years at this point.
And in fact, on the golf course,
Adam Scott has won over $60 million.
He's also made a lot of money outside the golf course
as well, sponsorship, steals, all that kind of stuff.
So needless to say, he's had a very, very long career,
a successful career, Brian, he stretched,
and he's done pretty well for himself. And for those 24 years that he's been a professional,
he's pretty much never been outside of the top, let's say 50 or 75 players on the planet, right?
So there's thousands of professional golfers all attempting to be as good as Adam Scott. Maybe he
wasn't necessarily the best player in any given year, but he was often one of the best players.
And that's been the case for almost 25 years at this point, which is pretty impressive. So someone that if you watch professional golf,
you may have heard of before,
seen him winning tournaments,
and again, making over $60 million,
not a bad gig if you can get it, right?
So here's Adam Scott on the range,
and Adam Scott's probably hit, who knows, right?
10,000, 100,000, 500,000 range balls in his life
over that 25 year period, maybe more, who knows?
But when he gets the range, what does he do?
He lays down these alignment sticks,
you see kind of near his feet here on the right side
and in front of his club to line up where he's hitting.
So it's interesting, right?
The guy gets the range and lays down alignment sticks.
Did a professional golfer forget how to actually line up?
I don't think so.
I think he knows how to line up, but it's interesting.
If he doesn't lay down the alignment sticks,
what he's talked about before is that he gets off track.
He gets off kilter.
He actually, it can cause him other issues.
So by, if he's lining up wrong
and he doesn't lay down these sticks
and he starts aiming things a little bit too far right,
he's over-correcting, he's having problems,
he's having issues, and it causes all these
fundamental problems in his game
that then end up impacting everything else he's doing
on the other side of things.
So a professional golfer didn't forget how to line up.
But again, every single time he goes to the range, he actually returns to the basics.
Scottie Scheffler, if again you follow golf, is another example.
He gets the range, puts down linemen sticks and actually has a grip trainer.
This is something that, you know, a beginning golfer might use to understand how to hold the club.
And he uses this grip trainer regularly to actually teach himself how to hold the club, and he uses the script trainer regularly to actually teach himself how to hold the club.
This is a guy who this year won eight or nine tournaments,
over $60 million this year,
one of the most successful players of our modern era,
and he returns the basics.
So I could go through a lot of examples,
but I think you get the point, pick your sport of choice,
and you can find examples of that,
the best athletes in the world
returning back to those basics,
and doing them repeatedly, consistently,
over and over again
to kind of see what they need to be focusing on.
All right, so a lot there about, you know, sports
and that kind of stuff.
What does that have to do with vacation rentals, right?
So I think that refining the fundamentals allow
for you to focus on the basics before layering in too much.
And it's interesting, as I was putting together
this presentation, I thought kind of two things.
One is that we see groups of people that reach out to us
here at Buildup Bookings,
and they want to do everything all at once.
So they want to master,
or they want to get really good at social media marketing.
They want to get really good at email marketing.
They want to do conversion rate optimization.
They want to do, you know, SEO.
They want to, you know, be running Google ads.
They want to do everything all at once.
And they really complicate their approach
because they're actually trying to do too many things,
but they're not making to do too many things,
but they're not making a lot of progress
on any one given activity.
So that's kind of one bucket of people I see
is sort of running around maybe a little chaotically at times
trying to make the progress they're trying to make,
but actually, unfortunately, ending up not making the progress
that they want to be making,
which can be a little bit frustrating at times.
So the second set of people,
they're struggling at times, right,
with the actual decision-making process
of what they need to be working on, that they do nothing.
So instead of taking action and doing too many things, they actually have the opposite
problem.
They're not doing anything.
And as a result, they find themselves in a bit of a tricky spot there.
So that's the funny part, right?
Is that there's two kind of audiences kind of happening here or different examples happening here.
And the funny part is they end up in the same spot
when it's all said and done.
Whether you're doing too much or you're not taking action
and working on what you need to be working on,
you actually needed the sort of,
the piece that you need to work on
is kind of the same in my mind,
which is get back to the basics,
working on those core marketing blocks
in your vacation from business,
and then executing on those. So for those of you kind of attending
here live or watching later on, perhaps we haven't met before, so if that's the case,
I wanted to introduce myself as we get going here. My name is Conrad. I'm the founder of an agency
built up bookings. We've been doing vacation rental marketing in some form or fashion since 2016.
Last year I wrote a book called Mastering Vacation Rental Marketing. We'll have more on that at the
end, so stick around for that. And I've spent really the last nine years working
directly with the vacation rental managers, helping them with their vacation rental marketing.
Search social email has kind of been our focus and we've got other things that we can talk about
today as well. Over the last nine, 10 years at this point, I can really attribute over $50 million
of direct bookings driven through our marketing campaigns that myself and people in my agency
have put together.
So we've kind of been able to see what's worked well
and all these different pieces that we can improve upon
as we get going.
So different folks listening in today I realize.
So just wanted to go through some examples here
or like a note on the different clients
that we have worked with, because as you know,
not every single person in this space comes in
with the same business model.
Not every person in this space comes in with the same business model. Not every person in the space comes in with the same approach.
Some are managers, some are hosts, some own the property that they're marketing and trying
to get more bookings on.
Some just manage that property for others.
They only get a small commission.
But the good news is, in my mind, is that despite these different business models,
a lot of the marketing fundamentals are the same.
Now, how much you can pay for a booking and what your sort of cost basis is may be a little
bit different, but it doesn't change the core or fundamental activities of what you actually
need to be focused on.
So the good news is that even if you're kind of coming at it from a different angle today,
again, host manager, small, large, the fundamentals kind of remain the same in my mind.
So let's share a little bit about the results that we've seen, just so you can kind of understand
what we have seen in our agency, you know, working with all these clients over the last
nine or 10 years at this point, and what we can learn from that.
So it's so funny, we use this tagline on a lot of our marketing material. Of course,
we'll talk today really about the vacation rental marketing side of things. But of course,
we're always trying to market our own agency. And I like this tagline because it actually
doesn't talk about us. It talks about our clients a little bit. And the clients are the ones that
actually do the work, right?
Like, I don't think we deserve the credit
for, you know, the results
that a lot of our campaigns have driven,
because our clients are the star of the show.
We're just a supporting role.
We're just helping a little bit along the way,
you know, get people in the right place,
be aware of these properties,
show them, you know, what they're interested in,
and then much of the hard pieces
that we'll talk about today
are actually getting on their property,
understanding the audience targeting,
a lot of things that we didn't have any,
you know, say so or involvement in,
but we can help enhance it
when we actually get to work with a client.
So a few slides ago, for example,
I said I can track $50 million in direct bookings
from search, social, and email campaigns that we've worked on.
But again, our clients deserve
the overwhelming majority of credit for that
because it's not really about us,
it's about the things that we can do for our clients
and the results that they get.
So again, in very different markets,
all the fundamentals we talk about today still apply.
Doesn't really matter if it's a beach market
or a mountain market, cabin market.
If people are searching for vacation rentals
in a given area,
if they're looking for that type of experience,
I feel confident that everything we're gonna talk about
today will apply.
So let's go through some examples.
This is a client that we've worked with now
for a few years.
They're in a single market, they've got about 125 units, mostly condo inventory.
That's kind of the most common unit type that they have,
but they have some homes as well.
Over the last 12 months or so, this is based on data
that I pulled when prepping and building out these slides,
you know, about a week ago.
So I went to September 1st.
They've done just a little over $1 million in direct revenue
on their website.
This is another client that we're working with,
two markets actually, sort of in the same state,
but different regions of that state.
They've got about 195 units,
more of a cabin type market, as I would say.
And this is a company that's done a little under $3 million
in direct bookings over the last 12 months.
Here's another client, single market, 300 plus units,
very seasonal demand, actually a season that's kind of open
during a certain period of the year.
And then during the beginning part of the year, kind of the fall period, it actually kind of shuts down and there's very little demand. Actually season that's kind of open during a certain period of the year. And then during the beginning part of the year, kind of fall period, it actually kind of shuts
down and there's very little demand. They're in a single market. They've got about 300 units,
mostly whole homes, single family homes is kind of the most common inventory type they've had.
And they've done over five, just a little bit under $5 million in direct reservations
over the last 12 months. And then finally, just to give like some different types of examples here,
here's a plant they're working with. It's more of a resort property in a typical beach market.
They're in a single market, so they've got 500 rooms at this resort, and they've done
a little over $6 million in direct bookings. Last example here, sorry, one more, three
markets. This client's actually in a few different places in one of the most popular cabin markets
in the US. They've got 600 units, and they've done a little bit over $13 million in direct bookings over the past 12 months or so. So I could have been going but I think you
get the point. The point is that these fundamentals that we're going to talk about today, despite the
fact that they're in different markets, some are beach markets, some are mountain markets, some are
new. One of those clients started in 2021 for example, others have been around for a long time.
One of the other clients that I shared there actually opened their business. They took their first booking back in 1986.
In fact, that client loves to sort of joke and remind me
that he's been doing this longer than I've been alive.
And I'm certainly not a spring chicken at this point.
So it's always funny to kind of hear those kinds of things.
But despite all their differences, age of company, market, number of units,
obviously some have more bookings coming in than others,
but they all do these fundamentals that we're gonna talk about today the same way.
So let's dive in, the marketing fundamentals.
What are we focused on?
What are we talking about?
So in today's webinar, we're gonna go into detail
on each of these six different points.
We've got strategy, branding, website,
search marketing, social media, and email.
So the way that I'm kind of thinking about
how we're gonna talk through everything today
and go through everything today,
these top three pillars are kind of things that you set up
to get to the bottom three pillars.
So the strategy, we're gonna cover it in detail
in a moment here, but basically that's kind of like
who we're targeting, why we're targeting,
why our properties are right for those people.
The branding is how we present our actual listings
in our company to people that are actually interested
in staying with us.
The website is what we're actually sending them to. Again, we'll talk about all these in more
detail here in a minute, but those are kind of things that we set up. The bottom three pillars
here, the search, social, and email marketing components are things that we can do to get more
people aware of our properties. So if we have a specific guest avatar in mind, we've got to let
them know about it. Certainly OTAs are one successful way of doing that. And today's webinar,
we're going to touch on OTAs. We're going to talk about OTAs. And OTAs are great. I suggest
you use them and leverage them to the best of your ability. But there's also other things
that you can do to drive more demand. And we're going to talk about these bottom pieces,
search, social and email, as really being some of the most impactful things you can
do to actually get more reservations, get more people interested in your company, get
more people interested in booking with you. And those are those pieces. So kind of think of this as like the top layer
and then a bottom layer, but these six fundamentals are really going to be work we're going to
dive into deeply. All right, so there's people here live. So
stay to the end, we've got a bonus downloadable guide on building the right fundamentals.
Everything we talked about today is a lot of information, obviously, again, it's recorded.
So if you miss something, no big deal, I'll send you the recording when it's all done.
But for those that are live, I've got something kind of extra extra for you
because you took time out of your day to come here live. I appreciate that. Obviously some people
register and then don't actually show up. So I'm actually going to stop the recording before we
actually finish everything out today. And I'm going to give away a few extra things for people
that are actually here live with me today. So thank you for that. But stay to the end. And we've
got some bonus things that we're going to cover. All right. So pillar number one, or fundamental
number one, maybe I should say strategy. So I've got a quote that I'll share
here, a Seneca quote, if those of you that are into maybe Stoic philosophy might have heard this
one before, but I think it's okay if you've not heard that before or if you're not familiar with
this because we're going to go into what it actually means and why I think this is one of
the most fundamental problems that most of our clients face or potential clients might face when
they're getting going. So I love this quote, if one does not know to which one port is sailing,
no wind is favorable, Seneca quote, probably two thousands of years old at this point,
but it actually still makes sense to what a lot of people struggle with today. Because
I think figuratively or in some cases, almost literally people are sailing in the wrong
direction. So they're trying to accomplish something when it comes to marketing, they're
trying to accomplish something when it comes to, you know, building up their traffic, whatever problem we're trying to solve as it relates to today's topic, but they're trying to accomplish something when it comes to marketing, they're trying to accomplish something when it comes to building up their traffic,
whatever problem we're trying to solve
as it relates to today's topic,
but they're actually quite literally
going in the wrong direction.
They're spending a lot of time, effort, energy,
marketing to an audience that doesn't care.
Maybe they're trying to promote a property
that no one really wants.
Like there's a lot of these fundamental things
that I think come into play,
where if you don't have the right strategy
kind of built out initially,
if you don't know which port you're sailing to,
then there's no wind or there's no direction that's actually
going to make it successful.
So there's a reason, too, that I kind of started
with this one, the strategy one, because I
think that if this is wrong, everything after is either not
going to work well or not work at all.
The best search marketing campaign in the world
is not going to work particularly well if most people who are
actually going to that website or that are interested in your properties get there and they're not interested in it.
They look at it and they don't actually want to book it.
So I think this is kind of the fundamental question to ask is, do we know where we're
going?
Do we know what port we're sailing to?
Or in our analogy here, do we know what type of property and guests we're going after?
Am I the right person to host that person, that particular guest?
And what properties do I have that meet their desires?
So if we can get, you know, we could get really fancy and ask a lot of like analytics questions
and data questions and things like that.
And that's fine.
Maybe there's time and a place for that.
I'm not opposed to it.
But I think this sentence here really does a much better job of explaining this core
strategy question.
Who is my ideal guest?
And why am I with the properties that I have the right person to host them?
And I think this this could apply if you have one listing, this could apply if you have 10 listings,
this could apply if you have 100 or 1,000 listings.
The question is still the same, which is who is my ideal guest and why am I,
meaning like the property manager or the host, with the properties that I have the right person to host them.
So I think that first question is one of the most important things too to think about who is my ideal guest.
I think most people acquire inventory or maybe they get listings first and then they think
about who the ideal guest is after, which feels a little backwards to me. Or maybe they
have in mind what that guest might want, but then they don't do a lot of research or they
don't have a lot of second order thinking maybe about what that property actually needs
in order to feed that guest desire or demand. So if your property doesn't satisfy the need
or desire of a guest who's looking to stay in that location,
then everything else we talk about today
really won't work very well or won't be very effective.
I think that's fair to say.
Because if people are not interested in what
you have to offer, no amount of promotion,
no amount of advertising, no amount of social media
campaigns is actually going to save you.
So this, I think, is the foundational question
to strategy.
And we can really build this out by thinking
of our ideal guest in these three categories.
So there's a lot of ways to describe your ideal guest.
Some people will say something to the effect of like,
well, a lot of people go to insert destination here.
So a lot of people go to,
based on the North Middle Beach area, for example,
a lot of people come here, that's true.
But I think you want to define the guests
a little bit more specifically than that.
You might want to think about location,
not only where they're traveling to, but also why they're traveling there. There's kind of two layers to that.
If they're coming, for example, here in the Myrtle Beach area, many of our people who come here,
people who travel here, come from a drive to Radius. So I can sort of draw a little circle,
maybe two or three hours around the Myrtle Beach area, and we'll find a lot of our guests are
coming from there. So that can be one way that we could identify an ideal guest, is where are
they coming from, and where are they coming from?
And why are they coming to this particular destination?
Why are they traveling?
So again, sounds simple, but what is the actual desire
that someone has when they get there?
Are they traveling for work?
They have to be there,
and it's just kind of a place for them to sleep.
I think that can be a challenging marketing problem to solve
because maybe people are more focused on budget
and cost in that environment and that scenario.
Maybe people are thinking, I, coming here with my family,
it's going to be me and my kids and my grandparents
or my parents are coming along with us.
So it's multi-generational travel.
They're reconnecting.
That's going to change a little bit about how we're
going to do the marketing and advertising for sure.
It could be people are coming for a bachelorette party.
There's 1,000 reasons, as you guys know,
that people may want to come to a specific destination.
But we've got to think, why did my properties fit that desire? You know, I think that's the that's the foundational
question to ask. Because when we find that when we find the the properties that are fitting
what someone is really looking for, everything else that we're going to talk about later
works a lot better. And the search ads convert better when people are looking for something
and then they see it and the conversion rate is 2%, not 1%. That sounds like a small difference,
but it really makes a huge meaningful difference in how effective all the marketing and advertising is if we're basically advertising something
people want or something that people don't want.
So I refer to a lot of like Dan Kennedy books and media and things like that, and some of
the marketing and advertising that I do.
And he's got a great sort of like story that I think he's he'll ask people when they're
getting started in their marketing journey.
And he'll say, if we were to, you know, design the perfect environment for selling, and let's say we sold hot dogs
and we sold cold beer, what would be the best place for us
to design the world where we would sell the most?
And people give all these examples.
Maybe it's a good idea to do it in this location,
outside of a baseball game.
Or maybe it's a good place to do it here,
all these sorts of things.
And he ignores, and most people ignore,
what the attribute is that would make selling cold beer and hot
dogs the most successful, which is a starving crowd. So in our world, a starving crowd
is a guest that desires the property that you have that you're actually listing on whatever means you
happen to be pushing it out on. So if you've got that, you've got a lot of the ingredients in place
to be successful. But I think some people actually stumble out of the gate and then it makes everything
else a little bit harder. So why are they traveling and why are they traveling? Why do your properties fit that desire?
And what is their budget? You know, I think that's one thing too that we often don't talk about.
You know, sometimes guests that have more budget to spend on their vacation actually end up being a
much higher quality guest host and sometimes an easier guest to market to because although one
property could rent for $500 a night and then their property could run for $500 a night and another property could run for $250 a night,
it's usually not twice as expensive to acquire the guest
that is a $500 guest per night than the $250 per guest night.
But your marketing costs goes up incrementally,
but your revenue can go up double.
So it's like maybe we're bidding on Google Ads
and our cost per click goes from $1 to $1.30.
That's an increase, but it's not 100% increase.
That's a 30% increase.
And the conversion rate may be actually pretty similar.
So I think understanding playing in the right game
from a budget standpoint, I think,
is also a key part of the puzzle here.
And certainly, if you're a property manager,
and those on the call that I can see that are property managers,
can understand this even more acutely,
because if you're taking 20%, let's say, commission
on $100 per night property, you've
got so little room to play with there,
unless you're getting really, really long bookings to actually do a lot of marketing.
If you're getting 20% commission on $1,000 per night property, we've got a lot more room
to play with to actually do some of our own marketing, advertising, brand elements, the
website design, all the things we're going to talk about today.
So I think budget and targeting the right sort of band of traveler, the right type of
guests coming in is so critical too.
And what means does that guest have to book? I think is a foundational question here to
ask when you're thinking about where they're coming from, why they're coming, and what
do they want to spend as we start to kind of put that triangle together, we can really
define an ideal guest, you know, in my opinion, a lot better. And we can start to build a
marketing plan that makes a lot more sense when we know that information.
Okay, so let's go over to the second tile here that we've gotten kind of our top three tiles.
So we went through strategy there, more about the why
and the how, like how am I gonna get people there?
Branding I think is the next thing to focus on
because even though we'll get to the,
I would say more tactical marketing pieces here in a moment,
I think it's worth spending some time to think deeply
about branding and what it actually represents.
I think a lot of people think that this is a logo.
This is just the, oh, this is the color of the font
that we use on our website.
And that's really not it at all.
Branding is not just the logo
or it's not even a fun tagline
as much as I kind of was joking earlier
about having fun taglines to advertise our own company
or we come up with sometimes with fun copy for our clients.
That's all good stuff.
It's a part of the process,
but it's certainly not a fake promise.
That's not what branding is either.
I think it's beyond all those things.
In my mind, branding is the promise I think it's beyond all those things.
In my mind, branding is the promise
that you're making to the guest.
So, you know, one thing I see more than I feel
like I should see is, you know,
someone will reach out to us here at BuildUp
and they say that they're a luxury property manager,
for example, and then you go look at the website
and you might see a five-bedroom luxury home
next to a two-bedroom or a one-bedroom condo, right?
That's like, well, would a luxury property manager be managing a one-bedroom luxury home next to a two-bedroom or a one-bedroom condo, right? It's like, well, would a luxury property manager
be managing a one-bedroom condo?
Not in most markets.
That's certainly not something that
kind of would be on the website of a luxury property manager.
So people kind of make these brand promises a lot, I think,
or they sort of say things aspirationally
when it comes to branding.
Well, I want to be the best property in this location, I want to have,
you know, the best views, or I want to offer the best service
or whatever kind of they they may say, but if they if they
don't actually deliver on that, then I think the brand can fall
apart so quickly. All the brands that I think, you know, do the
best in our space are ones that make a promise, and then deliver
on that promise. So it's if it's a luxury property manager, but
only takes luxury properties, that client is, or that brand in my mind
is gonna be so much more successful
because they're connecting the brand,
not just with the visual identity or like an idea,
but they're connecting it with something
that's actually very tangible.
That's something that you can really sink your teeth into
and understand.
So I think the best thing in my mind
when you think about branding is what do I stand for
and how do I make sure I deliver on what I stand for?
And really in a perfect world,
not only do I deliver for what I stand for, I over deliver a perfect world, not only do I deliver for what I stand for,
I over-deliver, right?
So not only do people get in
and they expect good guest service,
I give them great guest service.
I give them the best hospitality that we possibly can.
I give them little bonuses or little extras
that they didn't expect.
So here's kind of an example
just maybe to drive this point home.
And I think a lot of people can relate to this one
if you've traveled at all,
which is you go to a,
maybe for me it's going to one of these conferences, going to a VRMA VRMA conference or something
like that. And some destinations, you got to rent a car. And all these car rental companies
kind of feel the same, you know, which is that you get there, you just got off maybe
a four or five hour flight, you get to the check in desk for this car rental company,
and you're waiting in a line of 35 to 55 people and there's one person up there helping everybody, right?
So we've got to sit here and wait for an hour
or two hours to get our car.
This is like one of my pet peeves of traveling by the way.
But usually, and sometimes I'll do this
if I'm not scrolling on my phone
or I get bored doing that for an hour,
you look to the right, you look to the left
and you see something that might say something
to the effect of, you know, we care about you
and we strive to deliver excellent customer service.
There'll be a little plaque on the wall or there'll be a little note there or something like that.
But I don't believe you because otherwise you wouldn't have one employee
if there's 50 people trying to go off and rent a car right now.
Right. So that's a good example, I think, in my mind of like the brand says one thing,
we want to deliver you this excellent customer service when you go to rent a car from us.
But the experience is not deliver that at all.
And I think we can find lots of examples, too, in the vacation rental world,
of people claiming something but not actually making that, fulfilling that promise.
So what is the brand? In my mind, the brand is the promise that you're giving to guests. What
am I going to deliver? How am I going to deliver that? And I think it can work at different layers
of the stack. It could be you have budget properties or maybe you're promising cleanliness
and you're just promising comfort. Those are things that maybe don't require luxury. They
don't require a 10 bedroombedroom oceanfront property.
That's maybe a different type of segment.
But you can make a promise to guests
and deliver on that promise, even
if you're renting a property that's $150 per night.
So I think it's making a promise,
delivering on that promise is one
of the most important things that I think
people sometimes get wrong.
The next thing, I think, is something memorable.
Over the years, we've worked with a lot of clients
and sometimes we'll come across a client who's
like the name of the area plus vacation rentals
or the name of the area plus properties
or something like that.
And it's not that you can't be successful in that world,
I think you can, but I think it makes it harder
because no one really remembers
area name vacation rental company nearly as well
as a brand name that actually sticks in their mind.
So I think even when it comes to thinking of the brand
as like a name or an identity,
I think some people rush through the naming process
of a company.
And I've learned over the years that like,
you might wanna sit down and really give some deep thought
to how you're actually naming the company,
how you're naming the properties,
which is kind of a second piece
that we'll talk about here in a minute,
because those are things that people are gonna look for
and search for,
and you wanna make sure that you're findable.
So when people actually go to search for your brand,
the worst thing in the world,
and I see this pretty commonly, is that they actually go
to look for your company and they can't find you. You know, maybe they did go on Airbnb,
find one of your listings, find one of your properties, they were there looking and that
individual piece of the actual brand name is hard to find. They're like, oh no, I can't
find it. Like I saw a question just come in. Like if someone was named just like something
a generic term, like a beachside, you know, you know, brand name, could that be a good and original brand name? And if you own it, maybe it can work,
right? But it's always going to be trickier if there's five or six other companies with that
same name, because then you have to like add in geo modifiers, you've got to add in extra pieces,
and that brand becomes less memorable. It's not that it can't ever work, but I think it just
always becomes a little bit harder, a little bit more challenging when your brand name is not
something memorable, people forget it after their stay, or even during their stay. Oh, who are we staying with? That sort of thing.
That's what you don't want to have. And then finally, I think your brand is mapped to your ideal guest.
So we talked about this a minute ago, obviously, when it comes to strategy.
But if your brand is mapped to your ideal guest, then you kind of want that brand to be
maybe familiar to something that that guest may use in their other, you know, other areas of life.
So, for example, if your guest is driving a BMW or Mercedes car,
maybe you want to use fonts or colors or design elements
from that that actually people are drawn to when they think
of your brand name.
They want to actually see something that feels familiar
to them.
If you're a luxury property manager,
your brand identity should line up with that.
You probably shouldn't have a template site from an OTA
if you're marketing a luxury asset.
You might want to have something that's a little bit more unique, a little bit
more, you know, tied into that amenity or tied into that specific brand name. Last note here that
I had, you know, I think we are so funny. We were just talking about this recently, this amenity
war that's kind of going on. I'm putting this in air quotes, this amenity war going on means that I
think your brand can stand for a lot of things, but you've got to figure out what people actually
want. And I think that's one thing where if you're
creating a long list of amenities, well, we've got ABC thing, we've got DEF thing, we've
got all these things, but it's hard to actually figure out what your properties stand for.
I think that can make marketing a challenge because you don't actually know who you're
really going after, what the actual goal is of the property and what they're staying with.
And therefore people forget. They just forget the brand. They don't really know why they
stayed there. They just happen to book. They don't really know why they stayed there.
They just happen to book it because you were available.
Maybe your reviews were OK.
But it's going to be really challenging
to build some of the other layers we're
going to talk about here in a second on the website
and some of the marketing channels
if you don't have some of those things in place.
All right.
So now we're into the website section.
So at this point, let's say we've
got a brand that's unique, memorable,
and we've built the right property for the right guest.
So we'll make a few assumptions as we get here
to the website layer.
Again, a lot of people start on the website side
without ever thinking about those first two pieces.
So that's why I spent some time kind of going over those things
because I think they're really important.
So I think the website in my mind is kind of like the storefront
that we put out into the world.
And if we think about our own lives and the different stores
that we may go to in person, which feels like maybe that's
not as common now as it was in the past, we buy so many things online. But when I go to may go to in person, which feels like maybe that's not as common now as it was in the past.
We buy so many things online.
But when I go to a storefront in person, many people,
and I've met people, my dad has in his career met people to do this,
they think heavily, they think a lot about how that store is actually designed.
So for example, like in the grocery store world, like Publix, for example,
maybe you have that in your area, maybe you don't.
But you walk into that store and it's designed very intentionally.
How it's actually laid out is been tested know, been tested, been put together.
Should we put this product over here and that product over here and so on and so forth.
So I think when you put your website out there, that's kind of like your storefront.
You're trying to attract people to the front door, to your homepage of your website,
or to the property page of one of your websites.
And sometimes just the basic pieces there are really missed.
And I think that first thing starts with like, not just direct booking functionality.
That's what I put here on the slide, but easy to use, simple to understand direct book functionality
can be something that is skipped at times because people actually aren't going through
the process themselves or they're sort of accepting a template site maybe from one of
their PMS platforms of choice.
And then they end up with something that really doesn't convert well.
And a lot of the next pieces we'll talk about here in a moment end up not converting very well
because they're sending traffic to a website
that doesn't actually have the right pieces in place.
So direct book functionality, I think,
is the base level thing of what we want.
The truth is that we want good direct booking functionality,
something that works well on a mobile device,
something that works well when you put in calendar dates
that the response is quick, you know,
the people don't have to wait for 20 seconds
or something like that to get a quote back.
When guests are considering booking on your website directly and you've got hopefully
the right person looking at the right property, you would hate for something small to be the
reason why they didn't book.
You would hate for the page loading slowly to be a reason why they didn't book.
You would hate for them not seeing a picture of you, your company, your brand be the reason
that they don't book.
You would hate for the website not being secure to be a reason that they don't book. So there's some of these basics that we've
learned over the years that you've got to have in place. And sometimes it means making an investment
into that storefront, making an investment into that website so you can put something out there
that people resonate with and respond with. For sure, you're never going to have the budget of
Airbnb. You're never going to have the budget of VRBO to have an engineering team that's going to
build you a custom website. That's not feasible. We know that to have the budget of VRBO to build, to have an engineering team that's going to build you a custom website.
That's not feasible.
We know that.
But the goal is not necessarily to have something that
is the best website in the world.
The goal is, again, we'll go back to another Dan Kennedy
example here on the right side, GE is good enough.
And I think that good enough doesn't mean bad.
Good enough means good.
And I think if you have a website that's good,
that people can get through the process on, they can enter in dates, they can get quotes quickly,
they can understand, you know, your pricing,
that's very clear to them.
They can go through the checkout process,
there's clarity in that process,
what information you need, what's not required,
all these smaller things.
If you put that in place,
you can absolutely have a lot of success
with direct bookings.
In fact, I was pulling some numbers the other day,
didn't make its way into this presentation,
for a client who is using a template website
from her particular PMS of choice.
In this case, it's owner res is the PMS that she's using.
Using the template site that comes with the owner res,
there's a very small fee attached to it.
I mean, maybe it's 10 or 20 dollars a month
or something like that.
And this client is driving anywhere from 50 to $60,000
a month in direct bookings off of the template website.
Right, so it doesn't have to be maybe the most modern
or the most fancy or unique website you've ever seen,
but it's gotta be GE.
It's gotta be good enough so that people can get
through the process quickly and easily,
and that there's some reason why they would wanna book
direct in the first place, which again,
we'll come back to that in a moment.
So the middle tile there, sorry, I just kinda skipped
over that, is having that unique brand ID we just talked
about a minute ago when it comes to branding is so key
because I think the findability of that brand is so key. When people are going and searching for the name of your company, or again, we'll talk
about this in a moment too, a little bit further, the name of an individual property. If you're a
property manager, you might have 10, 20, 30, 40, 50 listings, right? If that's the case, then you
got to figure out who's actually coming. Can they find what they're looking for? It sounds simple,
but you'd be shocked how often people skip over that and actually try to go on hard mode, so to speak. And they try to rank for very competitive keywords right away
without making sure that people are first finding the brand ID that you are actually putting out
into the world. So I think that that piece is so important. I think this website piece is something
that you've got to get to a good spot. It doesn't have to be perfect or flawless or something like
that. And I know this to be true that websites that aren't perfect can work well and can get a
lot of results. Because if you go do a search in Google in a competitive market,
and you look at the top three websites in that market, you can find little things that are not
perfect. You can find little quibbles or little problems in there. Because I know over the years,
we've got the chance to work with sometimes a client who was already established was already
top three in a given market. Maybe they have 500 properties, and I can go through the website and
find little things that are not perfect, right? So the goal isn't, you know, to make it flawless again.
The goal is to get it to good enough
and have the guest experience through the website
that people can understand, they're comfortable with.
Maybe it mimics or is familiar with, you know,
the way that VRBA works.
Maybe it's mimics or familiar with the layout of Airbnb,
but it is your own unique thing that you have
that you can actually put out into the world
and get traffic to.
Okay, so I'll do a little pause here maybe for a second. Adam, I'll go your direction just because we're
going to go into the next three tiles and I just want to make sure we're on good footing.
Anything you think I missed over those last few pieces as we're kind of roughly at the halfway
point here at 1.33? No, I think that you covered them great Conrad. The next, I think, a few points,
I would underline that those are some fundamentals that you want to have
in place prior to the next steps of taking action around marketing. So to your point, you want to
think through these pieces of strategy and make sure that they're in place before you actually
start taking some action on the marketing side. And by having these underlining foundational points
in place, it's going to make your next steps that you'll cover
in the next few minutes with us,
the next fundamental around marketing
that much more effective.
Awesome, I agree.
I think that it's kind of, you know,
obviously where the title is foundationals and fundamentals,
these are the things we're talking about today.
But I think it's always one of those things
where people might nod their head, you know,
and agree and say like, that's the way we should do it,
but then no one ever really works to define it.
So there we go.
That's kind of my take at defining what those fundamentals look like on the strategy side,
on the branding side of things, and then finally on the website side of things.
So thanks for that, Adam.
We're going to forge ahead here with the next piece of everything.
We're going to talk now about search marketing.
So I'm going to use search to kind of describe what is both an organic and a paid model.
Ultimately, yes, there is different techniques and tactics
and there's very different ways that we get success
or we might get results with a client
working with a paid search traffic
versus doing SEO work or organic work there.
But ultimately, the traffic is coming from the same place.
Whether someone clicks on an ad on Google
or whether they go to a website
ranking organically in Google and click,
the outcome is the same,
which is that someone's coming from a search engine.
Obviously we all know when we say search engine,
we mean Google.
Of course there's other search engines that have,
a minor, minor fractional portion
or percentage of market share,
but 95% of our clients that we look at
get 95% of their traffic specifically coming from Google.
So when we think search, I think Google, of course,
although there are other minor search engines
that are kind of in the mix.
But when we look at what source actually drives traffic
to our clients' websites, then we
look at hundreds of examples over the past few years.
The number one traffic outside of people just coming directly
to the website is search traffic.
So when people go to book, when guests go to book,
they go to search.
And the overwhelming majority of those guests that go to search
specifically use Google.
So I've actually been asked this a lot of times before by different clients
or different people in the industry. And they always want to know, well, if you can only
do one thing, what would be the one thing that you would do? And my answer would be,
even if I couldn't have a social media page, even if I couldn't have an email list, even
if I couldn't have all these other marketing techniques or tactics available to me, if
I could only do one thing for a company and I had to make it work, search
would be the thing I would focus on.
Now, I would hope that I could do both paid and organic search, just to cheat in that
question a tiny bit.
But if I could only get one traffic source that I feel like will deliver me the guests
I'm looking for, can deliver me the type of traffic that I'm looking for, that can grow
over time, that we can get a lot of wins on, search would be my answer.
So I think if you could only focus on a handful of things, this I think you would have to rank towards the top of your list so you're
getting more traffic into your website that's going to hopefully convert and do a good job for
you. So our SEO framework that we come up with a little while ago was actually challenged years ago
by Matt Landau to be like, I tell people about SEO, I try to educate people about SEO, for example,
but they find it so complicated. They start to read maybe something like the Moz
Starter Guide, and they just get so confused by reading that framework because it is very
complicated. It's almost like learning a new language, it feels like. All the terms and
terminology that a lot of people use in the SEO world feels like it's not English. Even if English
is your first language, it can be a little bit tricky. So I came up with this idea of TLCK.
a little bit tricky. So I came up with this idea of a TLCK.
T is technical SEO, L is for link building,
C is for constant creation, and K is for keyword research.
So we'll go through each of those pretty quickly here
so you kind of understand what that means.
So the technical side of things is how basically Google
or any search engine looks at your website
and evaluates your website from a crawling perspective.
So what Google is doing every day
throughout the entire internet is they're trying to index
and find every single page that's out there online.
And they're trying to make sure that they can process
that page, understand that page,
and put that page in their actual cache, in their index.
So when people search, they can try to find
the most relevant page for that given query,
for that given keyword that people are searching for.
So the technical side of it can be a complex well when you think about all the different
nuances of how technical SEO works. But what I find is that most people,
going back to that good enough concept from a few minutes ago, most people who will share an audit
with you or say, hey, your website has a bunch of technical problems, are picking at things that
don't really matter. I think when you're thinking about the fundamentals of search marketing,
the technical side of your SEO needs to be good enough. We need to make sure
there's no horrible missteps. We certainly don't want broken links. We certainly don't want a
website that loads in 25 seconds. We certainly don't want some of these things that are going
to harm us from actually getting more conversion. But there's really significant, in my experience,
diminishing returns on trying to, quote unquote, perfect the technical SEO on your website.
Usually it's fixing the basics, doing a good job,
putting some monitoring in place.
We use a tool, for example, called Ahrefs
to crawl all of our client sites on a monthly
or even biweekly basis and look for anything new
that's popped up.
Obviously things can change on the website
in any given moment in time.
So we want to keep an eye on it.
But for the most part, when you're thinking
of technical SEO, you're fixing any problems
that were there originally. Maybe there's some trigger, you know, trigger points
for you. If you're swapping CMSs, you're going from one website provider to another website
provider that may require a more detailed technical review. But these are things generally
you do one time, you keep an eye on them, and you don't need to spend a lot of your
effort or energy or budget on like optimizing or perfecting the technical SEO of a website.
So that's more of a one and done and then keep keep an eye on it to put a piece of the puzzle in my experience.
The next three we'll go through here, link building, concentration, keyword research,
are a little bit more ongoing, right? Particularly link building. I think this is one of those things
where if you're a single property host, if you don't have a lot of listings or you're a newer
company, and maybe you're a property manager, but if you're a newer company, this is where a lot of
folks might struggle a little bit on the link building side of things because
no one knows about your occasional business, right?
No one's mentioned you before, no one's linked to you before.
And that's where you're just at a severe disadvantage when you're competing against the OTAs or
against either other more established, maybe local property managers who might've been
around for five, 10, 15 years and have the benefit of time to like get people to talk
about them, mention their website.
They've done different activities or marketing, over the years to get more links.
And that's probably a weakness, I would say, link building is for a lot of smaller or newer
property managers or hosts out there that we begin to work with or talk about.
So link building is that piece of the puzzle where if you don't have it in place, doing
everything else well will really limit your upside.
Whereas getting more links, getting more mentions of your brand and website will benefit you tremendously
in my experience because you're starting to compete more so on the Google side of things
with people looking for your company because it's been mentioned in a lot of different
places.
As with all things link building, there's a white hat or a more Google safe approach
to doing it and more black hat approaches.
Maybe it's outside of the scope of today's fundamentals
discussion to talk about all those different pieces.
But I think this is a useful way to think about link building.
The harder it is to get that link,
the more valuable it tends to be.
I think that's a good way to think about it.
So if you're mentioned in the New York Times Travel section,
that's a very, very, very hard link to get.
That's probably going to be a lot more valuable than a blog
comment link that's on someone's travel blog.
That's very easy to get.
Pretty much anyone could do it
by just leaving a comment on a blog.
So again, we can come back to that maybe down the road
if people are interested in learning more about
like the link building side of things,
but just know that your search marketing,
particularly your SEO to be clear, will not be successful
if you have a site that has no links pointing to it
and you don't consistently work on getting more links to it
and getting more potential growth on that side of things.
Okay.
So two last pieces here on TLCK.
So content creation and keyword research.
I put these kind of together because the truth is K kind of goes before C if we're being
honest but TLKC just doesn't look as good so I kind of do it in this way.
So keyword research.
Think back to a few tiles ago, a few slides ago when we were talking at length about our specific approach that we have to knowing the guest audience, knowing who actually
wants to book our property. This is where keyword research can really come into play. Because if
you've got the best pet-friendly properties in a given market, if you've got the best pet-friendly
cabins in Blue Ridge, Georgia, you can easily think of keywords that that guest, that ideal
guest type might be searching. And then you can create content, back to the sea example, that would map to that ideal guest that you're going after.
So they might search for what are the best dog parks in the area, they might look for the best
restaurants that allow dogs, those are things that we could do. And these are all keyword research
ideas that you can start to look into and see if they could be good content ideas. Our experience
with this sort of content approach is that you want to find keywords that
ideally at first are lower competition. Certainly this is kind of that next tile here, grabbing the
low hanging fruit. You want to find people who are, you know, you probably don't want to go after
things to do in Blue Ridge right away. That's going to be a more difficult keyword to rank for.
But doing a keyword like the best dog parks in Blue Ridge, Georgia, might be a little bit more
attainable. That might be something you want to focus on at first. And then build the content that
comprehensively covers that topic. I think the one thing that sometimes people fall on is they
actually get the right idea in place, but they don't actually execute on that content at a high
level. And then they don't see any results, you know, because they've got a article that's 100
words that doesn't go into a lot of detail, doesn't have photos, doesn't have videos,
doesn't have a map on it, doesn't have kind of like more interactive interactivity to it.
And they just don't see success. So those
that kind of content layer is something where I'm much more bullish and I'm much more, I
guess, like inclined to help people on the content side produce less quantity of posts,
but a higher quality of post. And I think that's where grabbing low hanging fruit is
a lot easier. If there hasn't been 50, 100, 200 other people that have done a blog post
on the best restaurants, and you're finding stuff that's less competitive, but you can actually do a great
job on, make a comprehensive resource and make that work well. So we talked about this earlier,
but just to kind of push this concept through a little bit further on the SEO side of things,
the way I think about it is being a seed in the ground, right? I think the common expression goes,
the best time to plant a seed is 10 years ago, the next best time is today. But a seed in the ground, right? Every, I think the common expression goes, the best time to plant a seed is 10 years ago,
the next best time is today.
But a seed, particularly depending on the plant,
needs a lot of, I would say water,
or it needs a lot of things for that seed to grow
and be the best plant it could be, right?
So you can't just chuck your website out there and go,
okay, I've got the website done,
now people are gonna find me.
You've gotta water it, right, in this case, right?
You've gotta build new content on the website consistently.
Ideally one, two, three, four blog posts a month,
depending on your budget and what you can do.
You've gotta build links to that website.
You've gotta let people know about it.
You've gotta go out there proactively and do these things.
Because I can promise you one thing,
which is that certainly in a competitive market,
your competitors are doing that.
And if you do nothing,
it's not gonna work nearly as well
as if you put that seed in the ground
and put a lot of attention into it.
And that's what's going to actually see the results
that you want to see specifically with SEO is by doing that. Now, a lot of these pieces kind of
apply in my mind to the paid search side of things. So paid search, obviously it's a bit
of a different game that we're playing with paid search. The good news is that we don't have to be
as patient. We don't have to feel quite as rushed on being a seat in the ground like we do with SEO because we can, in theory, open a Google Ads account tomorrow and be getting traffic
by that next day. So that's the benefit of doing Google search ads specifically, is that
we can get approved quickly, we can drive traffic quickly. The downside is that, of
course, we're paying per click and that cost per click is generally speaking only going
to trend up over time in our experience. It's probably not going to go down. So for running paid search ads, that's awesome.
It can be a great way to get traffic right away.
It can invalidate some of our ideas,
some of our, you know, theses that we have
about what guests are searching for.
We have a client that we're working with, for example, right now,
that found that a lot of people are searching for wellness retreats
in this particular destination.
So we were able to actually run a Google Ads ad group
focusing on this area plus wellness retreats or wellness villas,
those kind of keywords. And we found that that was actually getting
almost as much search volume as that area plus luxury vacation rentals or luxury villas.
So that was an insight that we got from specifically running PPC ads. And we can now build a whole
campaign around that and get some better results from that. So that's kind of one idea of you
can find an idea, test it with Google ads quickly, and then start to get some data that
you can then build a strategy around. So that is kind of covering everything, all things search.
Let's go over to the social media side of things
and kind of talk about that.
I think this is an interesting one, social is,
because in my mind, people feel like they can do social
the best right away.
Maybe they're like a user of social media and they go,
ah, I know, I use social media myself.
I'm a habitual or I'm a frequent user of Facebook.
Certainly I could run my own Facebook page.
And I think some people can actually understand the medium very well.
And we have clients that do phenomenally well running their own pages.
But some struggle with it.
And I think that it's because like most things we talked about earlier,
they're trying to do too much all at once.
They're saying, oh, I'm going to have a TikTok page.
I'm going to have a Pinterest account.
I'm going to have Instagram.
I'm going to have Facebook. And I'm going to be doing content across all
these channels simultaneously.
I find that really challenging unless you have a really, really high budget or you get
a really, really high attention to detail on doing all those different social channels
well.
I think you're better off focusing on one channel at a time, getting strong or at least
getting competent in that one channel before you consider expanding into other ones.
So for a lot of our clients, Instagram feels like the safest bet, particularly when it comes to
properties that are visually very interesting. So like the more luxury, the more high-end,
the more design the property, the better it tends to do on Instagram, I think, broadly speaking,
from a marketing point of view, because guests on there are inspired by visual design, by visual
appeal. So if you have the opportunity to take video assets being
kind of the thing that dominates on Instagram nowadays,
and you can do a lot of video on one channel,
you can do a lot of video on Instagram,
you can see a lot of success with those pieces
because of the fact that you're using that medium what
is intended in that channel, and you're
getting a lot of success and a lot of results from that.
So I think that's a good way to think about it.
If you can only do one thing, pick one channel,
execute on at a high level, and then you're going to get better results from
social media, as opposed to trying to do five or six different things all at once,
and then maybe struggling to see the same type of reach or the same type of results from it.
So the other thing about social is that at first, it's like no one really knows about your property,
no one really knows about your company. So we've got to go grow through both creative and advertising.
So if I could give someone advice on social and what we've seen work the best from a fundamental standpoint, it's could be grow through advertising.
So can we get people to follow our page by promoting our page on Facebook?
We can do that through different advertising options within Facebook to get more page likes.
On Instagram, we can do getting people, we can pay for people who have been on our website, for example, to see our page and we can get them to follow it in that way. And then we can grow by having
creative on the page. Like one thing that we've not seen work well is promoting a page
that has no content on it. And one thing that we've seen not work well is have a page with
a lot of content, but no one who's actually looking at it. So I think the key with social
is finding the balance or the kind of that knowing when to accelerate on the content
production side of things, particularly when it comes to video. And also knowing when's the time that I need to be more focused on
using advertising to grow my audience so that I'm showing my property, showing my company,
showing my listings to new people so that they can figure out if they're interested
in what I have to offer. If we think way back to our strategy tile from probably 30, 40
minutes ago at this point, right, advertising on Facebook and Instagram gets a lot easier
when you know who you're going after. Instead of having to target everybody in the United States, for
example, if we target only people who are based in Charlotte to come to Myrtle Beach, it's going
to make our social media advertising a lot more effective because we're only going to have to spend
a fraction of the budget to reach the people that really matter to us. And we're not going to
advertise people in Montana who never come to Myrtle Beach, just to give like a specific example
of that. So that's one kind of pro I would say that social media offers you that search
marketing does not. Right? Search marketing is us reacting to what people are already looking for
in Google and then saying, hey, come look at my website, come look at my resource, come look at
my properties because you searched for this. I have that. Maybe you're interested in it. That's
what search can do for us. Social can do something very different or we can actually show something
to someone who we think would be a good fit for our properties
based on the fact that we know who they are,
maybe not the fact that they were looking for us.
So I think despite the fact that social media traffic
doesn't quote unquote convert as well
into bookings that search traffic does,
and that's why I made that comment a few minutes ago
about if I could only do one channel,
here's why I would focus on search.
The benefit of social or I'd say the upside of social media
is that you can introduce your brand to new people
and you can build interest basically from scratch or you can build interest from
nothing. Whereas in search we're always reacting to what people are already looking for. So I think
there's a lot of upside in there if you think about it from a marketing perspective, because
you could do something fun, unique, novel, you could entertain people, you could have stunning
photography, stunning videography of a property and that can gap their attention and that can
convert into real interest if you do social the right way.
All right, so let's go over to email marketing.
And I want to be respectful of everybody's time.
I know we've got about 10 minutes left, and we've got a few more things at the end to
go through with regards to the bonuses.
So I'll get through this last piece, and then we've got some Q&A, actually, that I've seen
come on the screen here.
So let's go through email marketing, and then we'll be able to dive into those other specifics.
And thank you, by the way, again.
Thank you for listening.
I really appreciate everybody that's here
and sticking with us.
It means a lot because it's the first one
that we've done and it's good to see people showing up here
and engaging with us.
All right, so email marketing.
Maybe not the most exciting, maybe not the most sexy form
of marketing that we're going to do here,
but I think the email marketing is something that pretty much
anybody can do.
I would say if there's one of the most universal channels
that someone could do with regards to marketing
has to be email, because it doesn't matter
if you have one property or if you have 100 or 1000,
maybe your list size will be bigger, the bigger you get,
but email marketing works well
for all those different company sizes.
No matter what your business model is,
whether you're a single property host, property manager,
rental arbitrage, whatever it is,
however you're doing your business,
I promise you that email marketing
can be an effective channel.
So the first thing in my mind is like,
let's assume the basics are in place, right?
Like we recommend Mailchimp as the ESP
or the email service provider,
but there's a lot of different ones out there.
You can do your research
and find out what works best for you.
Our sort of opinion is that at this point,
there's a lot of parity between the different
email marketing, email marketing softwares.
Like we have clients that use HubSpot, for example.
Awesome, that works, that works well too.
We have clients that use Constant Contact. Great, That works well, too. The software really doesn't
make a huge difference, in my opinion. The key is growth, right? So no matter what platform we're
using, we've got to grow that email list. We've got to collect emails. Collect emails, collect emails.
So just like my last tile on social was about video, video, video, if email marketing could be
three things, it would be grow, grow, grow, grow that list with relevant people. That's going to be the most impactful thing as long as you're
sending to them consistently. So sort of one of the things that we encounter a lot in our,
in our work here, build up bookings is that people have a large email list. So they've sort of done,
I would argue the hard part, which is getting a large email list, and they've done nothing to
actually send to that list regularly. And people just forget about them. People actually forget
completely about a company that they stayed with, you know with six months ago, stayed with a year ago,
but then has never emailed them or messaged them since.
Think about it.
If you were thinking about maybe someplace you stayed two years
ago, could you really articulate and tell me
exactly the name of the host or the name of the property
manager if they haven't been consistently marketing to you?
Probably not.
As adults or if you live in the US,
you're probably exposed to anywhere from 200 to 500 marketing messages every single day
across social media, TV, media, advertising, billboards, right?
Think of all the things that we get sort of assaulted with from a marketing and advertising
standpoint. People are not going to remember you if you're not consistently being, you know,
sending to them. Now, it doesn't mean you have to send an email every single week.
It doesn't mean you have to send an email every single day.
We don't want to spam or annoy or bother people, right? That's not the key to success. But we certainly can't go six months, eight months, nine months
a year, or people don't hear from us in their inbox, or they're just going to forget. And
then when they do get that message, they're actually more likely just to unsubscribe because
they're like, I don't remember this. And they're just going to unsubscribe and not actually
engage with the email marketing further. So we've got to gauge interest and respond. And
we've got to be, you know,
depending on what people are clicking on, maybe we want to put more of that content in the next
newsletter. If people are not clicking on things or maybe certain subject lines get a high open
rate, but a very high unsubscribe rate, those are things we might not want to do. And we've got to
grow, grow, grow, you know, that first tile I think is so important. So on your website, it could be
having a pop-up modal or something similar like that in place. So people can actually, you know,
fill out, fill out a form. We often encourage or we recommend our clients do some kind of fixed
dollar discount or some kind of bonus that people would get when they actually subscribe
to that email list. So one of the most successful campaigns we've run for many years for a lot
of our clients is sign up for our email list and get X dollars off of your next booking
and X may depend heavily on the property that you're managing and the quality or the percentage
discount that that would represent. But for example, we found that offering a
$50 discount for many properties works better than offering a 5 or 10% discount to get someone's
email address, even when 5 or 10% will be a greater discount. It's a bit counterintuitive,
but we find that like $50 off feels like a very tangible thing. The guests may understand
that quickly. 5% or 10% off makes me, I got to do math. And once I got to do math, maybe you lose people there. The other thing I would say is I have
a note in here about collecting emails offline. So what I mean by that is like when a guest
is staying in your property, particularly if they booked through Airbnb, I think you've
got to do every sort of means imaginable to try to get the real email address of that
guest. Right? So the most popular one is Stafi. So we've recommended and we've had a lot of
our clients over the years use StafFi, which is an excellent system.
You can use StayFi too when they actually go to sign
into the wifi of your vacation home property,
you can sort of say, hey, to access the wifi,
give us your email address.
That's, I think one of the best ways of doing it.
But you could also do it through a rental agreement.
Those are verified and those are something that you can do
through even Airbnb bookings.
You can also do it through a guidebook,
in order to access your door code
or in order to access your guidebook,
give us your email to validate your information
and then get it that way.
So there's kind of different ways to skin the cat,
if you will, but I think the outcome is always the same.
We've got to collect emails every means possible,
every way possible so that we can see success.
All right, Adam, so I want to go back your way
because I think a few questions came in here.
Maybe we can go through those relatively quickly.
Yeah, so I won't slow us down too much
to cover the questions,
but just to recap a couple of points
that you emphasized, Conrad.
So I think that as managers, as marketers,
we wanna focus on the areas that we personally,
or our teams can be the most effective,
and then potentially outsource some of those other areas
that maybe we can't be effective with.
Now to Conrad's point,
we shouldn't necessarily try everything at one time,
but as you build proficiencies,
you should continue to double down on the areas
where you are seeing benefits and you can be effective
and then outsource some of those other pieces.
Now, the other points I would mention are consistency
and focusing on the content side
of things so that you can build upon each other.
So Conrad started by focusing on the content building and search.
Now that's something that I think everyone can do.
I think one of the greatest parts about the vacation rental industry is that we all live
in markets where people want to vacation.
So that means they are very interested in what happens in those markets. And there tends to be a lot of great
things. So I live on the outer banks and I can focus on the activities that happen around here,
whether that's beach, fishing, surfing, excuse me, some of the events that might be happening.
So the goal is to build content so that people want to come back and see what your content is,
so that they can
stay current on what's happening in the market that they're interested in.
But then that consistency comes in.
You need to consistently do this so that they know that you're a trusted source and that
they can come back to you.
Now what you do with the rest of that content is then build the other pieces that Conrad
mentioned.
So that content is going to be used for your blog, your website, but then it's also used
for social, start to build content on your social.
And then when you lead into your email marketing,
then you can leverage that same content
into your email marketing,
so you're giving value-added content
in those monthly emails.
So my takeaway would be that focus on the things
that you can be proficient in,
build that consistency,
and then use whatever you're building
to leverage into multiple different
areas of your marketing. Yeah, awesome. Well, so a few questions came in. The first one was,
I think it's Jim here. How can I reduce my reliance on OTAs? I think it's about execution
of those three different channels that we talked about. I think if you're executing on search
marketing, social email, just to add what Adam was talking about over the last few minutes,
and you're doing that consistently, you will get more traffic. And if you have properties that people are interested in,
that traffic will convert. So I think the way to reduce reliance on OTAs is by building
your own independence, if you will, from a marketing standpoint, into those layers.
The more people that are looking at your website, that are seeing what you have to offer,
the better the results are that you're going to get. Next question was about link building.
I did cover the other question, I think, a minute ago about the brand name piece.
So I went through that.
But the next one is about link building.
If my agency is not doing link building, am I missing out?
Maybe, I mean, we certainly have worked with clients
and brands over the years where they actually
were already in good shape from a link building perspective.
So maybe if this individual asking the question
is working for a large established property manager
that already has 10,000 links, you know,
pointing to their website, five more may not make a difference
to be honest with you.
I've been in that seat before, working with a client
where I think link building was very diminishing returns or wasn't adding a lot more value
to be honest with you. But if you're a newer brand or a newer company that people don't
know about, I think link building is a really, really hard piece of the SEO puzzle to skip
if you're trying to grow and if you're trying to get more results. So that would kind of
be my take on that. All right. So a few more things here, a few more housekeeping things
here. So thank you again, again, for listening and kind of making your way all the way through this presentation.
I've been a guest on webinars before, but I've never run my own.
So this was a little bit new to me.
Hopefully everything worked and there was solid information throughout.
Stick around, live people.
I'm going to end the recording right now, specifically for those that are watching the recording later on.
Sorry, you're going to miss out on the bonuses.
Next time, show up live.