How To Set Airbnb Custom Discount Pricing And Bank More Money
Are you an Airbnb host who wants to learn how to make more money without spending money on fancy pricing tools? Great stuff.
Today I’ll show you how to set Airbnb discount pricing, how to calculate the best discount using a free spreadsheet for subscribers and why setting Airbnb discounts will make you more money.
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Below is the script for the video above on How To Set Airbnb Custom Discount Pricing.
Next week we will look at how to set the best minimum length of stays.
You have read the previous Airbnb Host tutorial articles (here) in the series? They all build-up to this one.
Many hosts ignore the tools Airbnb gives us to make money.
No wonder they just plod along. Luckily you are investing time in your education. And I hope this channel will help you.
You may ask, “but why give Airbnb discounts?”
The answer is easy.
You’ll make a lot more money if you do custom Airbnb pricing discounts well.
Keep watching the video above. You’ll see proof.
Before we start:
Set Airbnb discounts not per period but rather for all of your open calendar, even peak times.
You’ll set your Airbnb Custom seasonal rates as per my previous video. See it here.
However, it’s critical to have a different minimum length of stays for different seasons. Next week I’ll show you how and why.
In previous videos, I used an example using a conservative 35% occupancy, a rate of 750 per day and to exceed 95 813 annually.
Today we will look at how to set and calculate reasonable discounts.
Discounts that will increase your income and obviously reduce change over fees.
Yes. The longer they stay the less money and time is spent on changeovers.
I’ll be using 30.4 average days per month, and set discounts for 28 nights, 21, 14, 7 and 4 days.
You should choose the options for your situation.
Again you cannot do this in isolation as you need to set seasonal minimum length of stays (Trip Lenght). See the video next week.
I’ll be showing you two tables.
The one shows the main figures driving our example, Airbnb listing.
And the second one is how you estimate the income per month for various discounts.
Let’s have a look. See video.
But where do you set the discounts at the Airbnb admin area?
Let me show you quickly. See video.
Now you have an idea why Airbnb discounts are critical to your success.
You noticed again that discounted Airbnb pricing buys you more occupancy and therefore higher income. See my previous video.
All you have to do is download the free spreadsheet for subscribers or use your own.
Then set the discounts up within Airbnb now.
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Again. “Earn trust, earn trust, earn trust. Then you can worry about the rest.” — SETH GODIN