Wealth As A Vacation

Page 61

CH A P T E R 2

Your marketing plan should cover how you’ll advertise your business to customers and how you’ll generate bookings. This is when your customer persona will really come in handy. If you know the people you’re trying to target, you’ll know what websites they use and what type of marketing will be suitable for them. Your marketing strategy can be diverse. For example, you could use several online marketing strategies like Google Ads, listing your property on different rental websites, or creating your own website. You can also use offline strategies like leaving flyers or business cards at local tourist attractions or networking with event planners in your region. Here are some questions that can help you sketch out your marketing plan: What methods of online marketing will I use?

• I will just list my bookings on one travel website, because that is enough for me. • I will have my own, personal vacation rental website. My site, my rules! • I have several properties to rent, so I will list them on several websites to increase traffic and booking numbers. • I will pay for Google Ads or Facebook Ads in my local area. What methods of offline marketing will I use?

• None, online marketing will be enough for me. • I will print flyers and leave them in local tourist offices. • I will give each guest business cards and ask them to recommend me to friends and colleagues. Do I have a website?

• No, I don’t want/need to create one. • No, but I want one! I need to hire someone to create one for me or try a professional website builder.

47


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ABOUT THE AUTHOR

3min
pages 281-286

CONCLUSION

7min
pages 275-280

10.2 A Pragmatic Approach to VRP

7min
pages 269-274

10.1 The Residence Club: A New Model for VRP

8min
pages 264-268

CHAPTER 10: Income Producing Residence Club Membership in Vacation Rental Property

1min
page 263

Nick Falcone

19min
pages 250-262

9.3 Branded Community

3min
pages 247-249

9.2 Operations

3min
pages 245-246

9.1 Infrastructure

3min
pages 243-244

CHAPTER 9: The Future of VRP

7min
pages 239-242

8.4 Repair and Maintenance

4min
pages 225-227

8.2 Marketing

5min
pages 215-217

7.4 Closing the Transaction

14min
pages 198-208

8.3 VRP Pricing Strategies and Other Operations Tasks

10min
pages 218-224

8.7 DIY v. Third-Party Management

11min
pages 230-238

7.3 The Negotiation

7min
pages 194-197

7.2 VRP Financial Projections

5min
pages 191-193

6.5 Lean on Your Lender

14min
pages 177-188

6.4 Accountant Alliance

6min
pages 173-176

6.3 Lawyer Up

8min
pages 168-172

5.7 Resorts with VRP

6min
pages 155-160

5.6 VRP Positioning

8min
pages 150-154

6.2 Be Realtor Ready

8min
pages 163-167

5.5 Theme Parks

8min
pages 144-149

5.4 Bright Lights, Big City

2min
pages 142-143

5.3 Beaches

2min
pages 140-141

5.2 Mountains and Ski Slopes

2min
pages 137-139

5.1 National and Natural Attractions

4min
pages 134-136

CHAPTER 5: Location (Location, Location

5min
pages 131-133

4.4 Design

22min
pages 102-115

4.5 VRP Construction

22min
pages 116-130

4.3 Architecture

12min
pages 93-101

4.2 Existing v. New Construction: An Introduction

11min
pages 86-92

3.6 Group Investment

7min
pages 78-84

3.5 Business Entity Recommendations

1min
page 77

3.4 LLCs

2min
pages 75-76

3.2 Partnerships

1min
page 71

2.13 Key Milestones and Business Future

0
pages 66-68

3.3 Corporations

4min
pages 72-74

2.12 Financial Plan

2min
pages 64-65

2.11 Revenue Management Plan

1min
page 63

2.10 Distribution Plan

1min
page 62

2.8 Operations Plan

2min
pages 59-60

2.6 Customer Analysis

1min
page 57

2.9 Marketing Plan

1min
page 61

2.5 Industry Analysis

2min
pages 55-56

2.7 Competitive Analysis

1min
page 58

2.3 Executive Summary

4min
pages 51-53

2.2 Your VRP Business Plan

5min
pages 48-50

2.4 Company Analysis

1min
page 54

2.1 VRP is a Business, NOT a Hobby

3min
pages 46-47

1.1 What is VRP?

3min
pages 21-22

CHAPTER 2: The Business of VRP

1min
page 45

1.3 Why Invest in VRP?

14min
pages 30-38

1.2 Where is VRP?

3min
pages 28-29

CHAPTER 1: Defining Vacation Rental Property

3min
pages 19-20

4 The Next Evolution of VRP Management by LRR President

7min
pages 23-27

INTRODUCTION

3min
pages 15-18

1.4 Who Invests in VRP?

7min
pages 39-44
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