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How to develop a revenue management mindset

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Manage episode 413919305 series 2308493
内容由Jasper Ribbers提供。所有播客内容(包括剧集、图形和播客描述)均由 Jasper Ribbers 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay

>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes

>>> Click here to download

In this episode, Jasper Ribbers interviews Mike Savage, the founder of Synergy Stays, about revenue management in the short-term rental industry. They discuss the importance of revenue management and how it has evolved over the years. Mike shares his personal experience with revenue management and the strategies he has implemented to maximize his revenue. They also emphasize the need to think beyond pricing and consider other factors like operations, distribution, and marketing. The conversation highlights the role of pricing tools and the importance of creating incentives to attract bookings.


Takeaways


Revenue management is more than just pricing; it involves optimizing all aspects of the business to maximize revenue.Thinking like a revenue manager and being strategic in creating incentives and promotions can help attract bookings and increase revenue.

Pricing tools are valuable for analyzing the market and making real-time adjustments, but they should be used in conjunction with a revenue management strategy.

Considering factors like operations, distribution, and marketing is essential for effective revenue management.Systematizing revenue management processes can help scale the strategy and make it easier to replicate.


Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome!


Chapters


00:00 Introduction and Background

06:46 The Importance of Operations, Distribution, and Marketing

13:15 Creating Incentives and Promotions to Maximize Bookings

27:11 Conclusion and Contact Information



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

629集单集

Artwork
icon分享
 
Manage episode 413919305 series 2308493
内容由Jasper Ribbers提供。所有播客内容(包括剧集、图形和播客描述)均由 Jasper Ribbers 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay

>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes

>>> Click here to download

In this episode, Jasper Ribbers interviews Mike Savage, the founder of Synergy Stays, about revenue management in the short-term rental industry. They discuss the importance of revenue management and how it has evolved over the years. Mike shares his personal experience with revenue management and the strategies he has implemented to maximize his revenue. They also emphasize the need to think beyond pricing and consider other factors like operations, distribution, and marketing. The conversation highlights the role of pricing tools and the importance of creating incentives to attract bookings.


Takeaways


Revenue management is more than just pricing; it involves optimizing all aspects of the business to maximize revenue.Thinking like a revenue manager and being strategic in creating incentives and promotions can help attract bookings and increase revenue.

Pricing tools are valuable for analyzing the market and making real-time adjustments, but they should be used in conjunction with a revenue management strategy.

Considering factors like operations, distribution, and marketing is essential for effective revenue management.Systematizing revenue management processes can help scale the strategy and make it easier to replicate.


Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome!


Chapters


00:00 Introduction and Background

06:46 The Importance of Operations, Distribution, and Marketing

13:15 Creating Incentives and Promotions to Maximize Bookings

27:11 Conclusion and Contact Information



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

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