In this episode, Alex & Pooh get you into the money mindset. They literally “show you the money” providing more information about a simple way to ethically and substantially increase how much you earn from Airbnb.They have been able to create an additional revenue stream for their business. One that takes up very little of their time, does not require any further upfront investment, generates zero extra overheads and is a service for which there is huge demand.
THE AIRBNB BLUEPRINT CONSULTANT - CONTACT UShttps://welcome.airbnbblueprint.co.uk
KEY TAKEAWAYS
Big bookings sound lucrative, but once you take into account overheads andunexpected expenses they are rarely as profitable as you expect.
Big bookings only pan out if the client stays with you for the full period that wasdiscussed and pays you in full.
It is not unusual for contractors etc to move to new accommodation after a month or so or for their job to finish early.
Making money regularly in smaller increments is a far more robust business model than simply chasing big bookings that you will only secure occasionally.
The income comes in smaller increments but is so much more scalable.
Generating regular reoccurring income improves cash flow so you can thrive andgrow.
Selling deals and inquiries is far easier than managing your own or providing services for other people´s properties.
Demand for leads is extremely high, and you can provide them across the UK, sothere are plenty of opportunities.
Many Airbnb owners struggle with sales. If you invest in honing your sales skills, they will happily pay you to do it for them.
BEST MOMENTS“People should shift their attention more to the smaller increments of income. It is a lot more scalable, without all the risk.”“Understand the power of the compound effect.”“When you stack a lot of them up, it overtakes your main property income.”“We are supplying bookings, enquiries and leads to the whole country.””You can choose… just find other partners that have the same ethics and core values as you.”“How scalable selling these inquiries is, and the balance of income potential versus theamount of work that's required is so powerful.”“You can make money ethically and without having to spend a lot of time at it.”“The amount of dopamine and adrenaline that comes from selling deals is insane. I love it because it feels like easy money.”
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HOST BIOSAlex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years. -This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.