Posts Tagged ‘vacation home rental’

10 Ways to Boost Your Online Vacation Home Booking Website Click-Through Rate

Friday, January 23rd, 2009

“Thank you, I am fine.  I am just looking.”  We got them all the way into our store (vacation home rental website), and they are ‘just looking’.  Let’s put our salesperson hat on and ‘make the sale’.  We know they are not just here for fun (they are interested in booking a vacation home, or at least getting more information for a future vacation home).  They could be having fun on www.hulu.comwatching TV shows and movies, or playing web boggle at www.wordsplay.net

In our house, CTR stands for ‘Choose The Right”.  Boosting CTR (Click Through Rates) is like helping our web visitors Choose The Right. : )

So what can we do to actively sell to them on the web?  Here are 10 ideas (which I think are pretty good) from Reid Carr – an eCommerce expert published on iMediaConnection.com.

Read the full article:  10 ways to boost falling click-through rates by Reid Carr of iMediaConnection.com

1. Test
I wanted to cite this as tactic No. 1 because it should be at the forefront of any advice or recommendation that I outline. While there are “best practices,” we’ve concluded through experience and testing that things are always changing and each case is unique. You have to establish appropriate rules for testing to give everything a fair shake. But once you’ve done that, establish a hypothesis and go.   Rule nothing out. You will be amazed at what is successful. But beware: Don’t let any finding become your secret sauce that you turn to for everything. Every campaign, client, product, placement, and timing causes your targets to react differently — so be on your toes every time.

2. Change your units (Ralf comment – units to us would be vacation homes)
In the first few days or weeks (depending on volume), you should be able to tell which units are performing. However, be sure to review this on a placement level because different sites cause users to navigate and scan differently. Deduce which are your stars and which are your dogs to make quick, ruthless changes. Go with the winners, and you’ll immediately experience a lift in click-throughs for the campaign. Note that if one unit is consistently underperforming, you should objectively review the creative to see if there might be a different issue in play.

3. Don’t try to do too much
I think we all get a tad ambitious with what we’d like to communicate to our audience when we’re advertising. For once, it is where we get to control what is said about our product, and we decide how it is said. But, realize that our audiences are still truly in control. When they’re consuming our ads, they are actually doing other more important (to them, certainly not to us) things.   When producing your ads, distill the message to the most important point and think about a user driving by a billboard at 65 mph. What is their single most important takeaway? Remove everything else (including the darn “click here”).

4. Be permanently consistent
In the relatively short life of most campaigns, it can be hard to build off of prior recognition that the brand may have. However, if you maintain a consistent, permanent theme — not just between ads but also between campaigns — there’s a greater chance that your target will remember you for the long haul.   Consistency builds long-term trust and affinity. Building trust and affinity increases click-through and conversion rates. People want to do business with companies that they feel have been around and will continue to be around to support them. If you’re constantly changing what you say and how you say it, customers lose faith. Think of your brand as a politician — your target audience is voting with its money.

5. Reconsider rich media
If your campaign’s success measurement is all about the click-through and conversion, you will want to reconsider integrating rich media into the mix. Rich media is often more about engagement than it is about direct response.   However, if you do opt for rich media on a direct response level, consider bringing content to the ad to reduce the barrier of the click-through.

6. Try static ads
If you find that you’re abandoning rich media, you might as well go all the way to static versions. The surprising thing is that you might even find you like them.   In a world where we in the industry are inspired by the latest and greatest technology, bells and whistles, and video, sometimes our target needs a change of pace. Throw static ads into the mix and see what happens. For example, in a recent campaign for a wireless carrier we ran in Q3 this year, static ads running in equal rotation with similar Flash ads had a .07 percent CTR, while the Flash ads received .06 percent.   When everything else is moving, your target just might react better to the simpler things. In many cases, they are looking for the static content on a page when reading an article and may tune out all shiny, flashy objects.

7. Rethink social media and news placements
In my article “Why Low Engagement Can Be Good,” I addressed this topic in greater length. However, the basic premise is this: If you’re trying to improve your click-through rates, you may not want to be placing your ads within engrossing content.   When users are managing their profiles, interacting with friends, or engaged in a story, they will tune you out. A study from the IDCechoed this by saying, “U.S. online consumers who use social networking services (SNS) such as MySpace and FaceBook are less receptive to SNS ads overall, click less on SNS ads (57 percent) than they do on other forms of web advertising (79 percent), and make fewer purchases as a result.”  If you want people to click on your ad and arrive at your campaign’s landing page, you may want to select media placements that are more passive, or ones dedicated to helping users navigate to other information related to the on-page topic and, subsequently, your product.

8. Design for the placement
ItHowever, designing for the placement can make a big difference. It can be as simple as black on white or white on black, or recognizing the difference between a placement on The New York Times website versus Heavy.com. Clearly these destinations have different audiences. Thus, they are also vastly different in terms of what will pop off the page and be noticed by readers.  In the case of a broad media plan, rather than trying to appeal to every placement and risk diluting the creative, consider producing unique creatives for some of the bigger, more arresting placements. Rotate those creatives to see if it makes any difference.

9. Add behavioral targeting and retargeting
We have had mixed levels of success with these media options. However, at least we’ve seen pretty consistently higher click-through rates for behavioral targeting. Retargeting has been solid for us in terms of boosting CTR, and we’ve seen outstanding conversion rates.  (Ralf – this refers to reusing campaigns for different target audiences.)

10. Add other tactics and mix
Anyone who is invested in online advertising needs to recognize the synergy between online advertising and other promotional tactics including offline. For example, it is widely noted that display ads lift search click-through rates. While it isn’t widely highlighted in our space, it has been our experience that click-throughs for online display ads increase while similarly branded offline promotions are running. That means when our client Rubio’s radio ads for this month’s crispy shrimp burritos are running, our display ads promoting coupons for those same burritos are more likely to get clicked on.

The method here is all about timing and evaluating a media plan as a whole rather than in silos. When all cylinders are firing, you’re more likely to see improvement across the board.

Read the full article:  10 ways to boost falling click-through rates by Reid Carr of iMediaConnection.com

Email Marketing – A MUST for your Vacation Home Rentals

Wednesday, January 21st, 2009

I had the opportunity to deliver a webinar on Email Marketing today.  It was a packed 60min – usually I go about 35-45min, but there was so much material.  (and I did not even get into my 15 Tips for great subject lines)

See a recorded version of the webinar via our site:  http://liverez.com/downloads.asp

LievRez Email Marketing Webinar:  Bookings with Email Marketing 10 Must Do’s (Plus – What NOT to put in your Subject Line)

Here is a list of 100 words that you want to avoid in your email subject line:
 

100% free  
50% off  
act now 
all words that relate to sex or pornography  
all words that related to cures or medication  
amazing  
anything that looks like you are YELLING  
apply now  
as seen  
as seen on Oprah  
as seen on TV 
avoid  
be your own boss  
buy  
call now  
cash bonus  
cialis  
click here  
collect  
compare 
consolidate  
contains $$$  
contains word “ad”  
credit  
Dear Friend  
discount  
don’t delete  
double your anything  
double your income  
e.x.t.r.a. Punctuation  
earn  
earn $  
earn extra cash  
easy terms  
eliminate debt  
extra income  
fast cash  
financial freedom  
for only  
for you  
FREE  
free 
free access  
free gift  
free info 
free instant  
free offer  
free samples!  
friend  
g a p p y t e x t  
get  
get out of debt  
hello  
herbal  
hidden 
home based  
hot  
information you requested  
instant  
levitra 
life insurance  
limited time  
loans  
lose  
lose weight  
lower your mortgage rate  
lowest insurance rates  
make money  
medicine  
mortgage 
multi level marketing  
notspam  
now only  
numerical digits at the end  
offer  
online degree  
online marketing  
online pharmacy  
only  
open 
opportunity  
promised you  
refinance  
removes  
reverses  
satisfaction  
search engine listings  
serious cash  
starting with a dollar amount  
stop or stops  
teen  
undisclosed recipient  
valium  
vicodin  
winner  
work from home  
xanax  
your family  
Your own  
You’re a winner!  

All the best.

Ralf VonSosen
www.LiveRez.com

Groups? Feared or Endeared by You?

Friday, January 16th, 2009

A recent artilce in the Mercury News reinforced one of the advantages we have over hotels – we are a great value for groups.  That reinforces our targeted marketing, our value proposition, and is wonderful PR.

Read the article:  Big spring break group? Try renting a house!

“It was the perfect option. With a full kitchen, our meals weren’t subject to the whim of the hotel restaurant, especially when it came to the demands of two toddlers who preferred boxed mac-and-cheese over fish tacos. Everyone had their own room and bathroom. No bunking up. No fighting over who got to shower first before the wedding.
And, with a full house, it turned out to be a cheaper and more flexible option than most hotels.
We could hang out with the wedding guests at Costa Azul’s pool, or wander home and relax with homemade margaritas on our rooftop terrace overlooking the ocean.

…..we know all the resons……Now I insert the challenges. 

1.  The only option for finding a vacation home that is mentioned in the article is www.vrbo.com  .  Unfortunate.  WE as a vacation management iondustry need to step on the gas to get the vacation home maangement company message out there.
2.  Groups are often feared by many of us.  They definiteky require more due diligence and care to ensure proper care for the property, limiting liabilities, and ensuring safety.

How do you ensure large groups are not the ‘irresponsible party crowd’?  Here are some suggestions:

  • If it is an online booking, call them to confirm, welcome, and ask lots of questions.
  • The person booking my rental (who must stay at the cabin throughout the entire time) to be at least 25 years old.
  • Rental agreement  clearly states, that if any violations occur, the will be asked to leave immediately with no refund and no return of security deposit.
  • Agreement says no loud parties. (Be cautious if I there are colleges around.)
  • Don’t hesitate to come right out and tell them that you don’t rent to party groups or college crowds as the neighbors will complain.
  • Tell that you regukarky ‘patrrol’ all the rentals, so your tem will be driving by .
  • Ask what type of party the group is (married couples, family, students, hoodlums, ….).
  • Tell the that all guests must be registered to to get into you  community facilities .
  • Sample contract language:  4. NOISE: Because we respect our town, neighbors and the quiet enjoyment of their property, please do the same. This is a family home in a quiet residential area. This is not a “party house” and loud noise outside the house after 11 PM will not be tolerated and may result in your being evicted and losing your deposit and all monies paid.”

If you have any great tricks, please share.

Happy MLK Weekend!

Ralf
www.LiveRez.com

New President…..New Vacation Planning

Monday, January 12th, 2009

All political views aside, you got to like the fact that Pres. Obama stayed in a vacation home rental in Hawaii.  That is some great publicity for our industry.  You may think about using that as a tag-line or angle to campaign to some potential new guests (remember many potential guests have no experience in vacation homes – get lists of travelers from your friends and business partners).  “find out why the president stays at a vacation rental”, “have a presidental experience in a vacation rental”, “good enough for a presidential vacation”,……….you get the idea.

Now I lost my train of thought completely.  My post here was goign to be about 2009 plans and trends.  Recently, YPartnerships created an interesting list of predictions for the travel industry which I thought were worth looking at.  When looking at this, think about how it applies to you and your business – how it applies to what you can affect.

YPartnership Emerging Trends in Travel

  • Value Is King – Remember that does not mean ‘cheap’ – it mean lots for their money.  All-inclusive, no extra fees, specials, etc.
  • Trips Will Get Shorter – “staying fewer nights” is one traveler strategies they to still go on vacation.  Look at your min nights, be flexible, and be creative in specials. 
  • Consumers Will Use The Internet Differently –  comparison shopping for competitive products and services from multiple Web sites
  • Marketing Will Go Mobile – only 15% of cell phone users are Internet enabled. This percentage will rise with the popularity of the iPhone™, Blackberry Storm™ and similar devices.
  • All Vacations Are Not Created Equal – vacations are increasingly perceived as an appropriate way to recognize certain life events (e.g., anniversaries, school graduations, retirement, etc.). 
  • Travel Agent Usage Will Continue To Rise – traditional travel agents are not down for the count, three out of ten American travelers use the services of a travel agent
  • Going Green Is Good For Business – fully 85%  of Americans consider themselves to be “environmentally conscious!” and ‘four out of ten’ stated they would consider shifting their patronage to a travel service supplier who demonstrates environmental responsibility. 
  • Diversity Awaits Discovery – diversity represents an emerging market force, and one that will gain more prominence in the year ahead, particularly given the election of soon-to-be president Obama.

Again, this is only interesting when applied to your market, your business, and your success factors.

All the best.

Ralf
www.LiveRez.com

CFVRMA Calling for Help to Save the ‘Visit Florida’ Budget

Friday, January 9th, 2009

Another reminder that we are all in this together.  I am passing along this request by the CFVRMA leadership to help unite Florida vacation home managers.  Staying abreast of legislative issues and uniting in causes is essentail for our industry success.

 

Dear Industry Member:

 

I come to you today with an urgent request. The Legislature, now in special session, is considering cutting up to 90 percent of VISIT FLORIDA’s remaining fiscal year budget. This decision is being discussed now and will be made this week. These cuts would force VISIT FLORIDA to cancel major programs, marketing and advertising, except for those by which we are contractually bound. If these budget cuts pass, we will operate as a skeleton organization. CALL TO ACTION
We need your help today. Please make calls to your legislators and also mobilize your network of employees, partners, colleagues, families and friends to call. We need to communicate that budget cuts at this level will devastate our industry and hurt our economy. Every voice counts, so we are sending this email to Florida tourism businesses. Now more than ever, we need your commitment to keep our industry healthy and save VISIT FLORIDA. If you are unable to reach your legislators directly, please speak to their legislative aid or staff. Your message will be passed along to the legislator. When you call your legislators at the Capitol
TODAY, I ask that you fill out the attached form  

http://www.informz.net/z/cjUucD9taT03MDcxOTImcD0xJnU9MTA2MjIxMDM5JmxpPTI3Nzg5MjA/index.html

and email to https://cfpma.clubexpress.com/educationcampaign@floridastourismcounts.org or fax to 850-224-9286.

This will be the best way for us to keep a pulse on the legislative environment and determine next steps. To find your local legislators and their Tallahassee office contact information, you can visit this website http://www.informz.net/z/cjUucD9taT03MDcxOTImcD0xJnU9MTA2MjIxMDM5JmxpPTI3Nzg5MjE/index.html .

Simply enter your zip code for a contact list of legislators in your district.

Suggested Talking Points
I am [NAME] with [BUSINESS], who lives in [CITY]. It is important to communicate that you are in
their district.
I am calling to strongly urge [REPRESENTATIVE X / SENATOR Y] to vote against cuts to VISIT
FLORIDA’s budget.
VISIT FLORIDA’s state destination marketing is critical to the success of my business.
If these cuts pass, my company and my community will suffer the consequences. [Briefly comment on how VISIT FLORIDA helps you do business].
Cuts to VISIT FLORIDA will only hurt our state tourism industry and Florida’s economy. Tourism is a profit center in Florida:
           o For every $1 the state invests in tourism marketing, more than $3 is returned to the state
               in tourism-related taxes.
           o VISIT FLORIDA provides advertising and marketing opportunities that are crucial to
               my business—opportunities that would not be possible otherwise.
           o VISIT FLORIDA is the catalyst for the tourism industry and matches every $1 in state funding with $2 in private sector investment. Without state funding, we will lose our ability to be competitive with other destinations.
The absence of VISIT FLORIDA could result in a loss of 143,750 tourism related jobs and will further harm our struggling state economy. 
I appreciate [REPRESENTATIVE X's / SENATOR Y's] consideration on this urgent matter. Thank you in advance for your assistance in this very important issue.

Respectfully,
President and CEO
VISIT FLORIDA®   

Be heard!

Ralf
www.LiveRez.com

Fly-to or Drive-to….Be In-Tune with the Vacation Homes Rental Traveler

Thursday, January 8th, 2009

A trend that I have seen in recent weeks is that travelers are picking locations that are closer to home.  For example, although Big Bear ski area is not seeing as many out-of-state skiers at this time, they are seeing an increased number of skiers from the local southern California market.

I suggest that you pay closer attention than ever before to where your website visitors and your guests are coming from.  There may be a shift occuring in the markets where your guests are coming from.  Which translates into a shift into your marketign efforts, resources, and funding.  Missing this shift can cost you.

Now, if you are a fly-to destination, do not think you are (1) immune to this trend, or (2) just taking it in the shorts.  You also have options.  This trend will affect you, the fly-in guests will choose drive-to destinations.  So think about new target markets, new promotions, or new types of guests.  In the gas price crisis of the summer, drive-to destinations were offering ‘gas credits’.  Maybe you can offer help with the travel expense to fly-in customers?  One of our LiveRez vacation managers in Mexico has record bookings so far this season.

The point is  no matter which one you are, fly-to or drive-to, you must be in tune with your market more than ever.

All the best.

Ralf
www.LiveRez.com

Merger created new US Travel Association. Why should you care?

Monday, January 5th, 2009

As of January 1, the Travel Industry Association and Travel Business Roundtable have joined forces to officially become the U.S. Travel Association. Website is TIA.org.

Check out the 2 min video about the goals of the organization:  Roger Dow, President of US Travel Association

Why should we in the Vacation Home Rental industry care?
I find it very interesting to listen to the accomplishments and goals of these  associations, as well as search the TIA.org website for information.  It is healthy to expand our perspective to many aspects of the travel industry and look for opportunities to collaborate with others, take advantage of trends, and understand challenges of travelers.

I am excited to think about changing organizations within our vacation rental industry, such as VRMA and Discover Vacation Homes, and how these changes will continue to create a new and more visible place for vacation rentals in the overall travel industry.

All the best.

Ralf
www.LiveRez.com

Holiday Numbers. Amazon is up 17%. What can you learn from that?

Sunday, December 28th, 2008

Some of the numbers coming in are a bit scary…….like my weight gain as tracked on my new Wii Fit.  It measured me at a stout ‘overweight’ to start my 2009 training.  My wife and kids have found this to be quite amusing – some of you are aware of my Ironman triathlon racing and can probably also see the humor in this.

Numbers can be deceiving.  As I have posted before, the media is having a grand time with the economic news and their doomsday predictions.  Remember, they only sell papers and get viewers based on sensational numbers in the negative or the positive.  They have to be sensational.

The 2008 Holiday retail numbers for the brick & mortar stores  are definitely dismal.  Sales are down in the 10-15% range across the various big stores like Target, Walmart, and Macy’s.  They are down even further in the luxury category, to the tune of 15-25% for stores such as Nordstrom and Tiffany’s.  No question this is bad news.  Got it.

 But, Amazon.com has reported another record Holiday shopping season.  Amazon is UP 17%.  Why?  I cannot say for certain, but based on what I have read and discussed with experts in the online retail business, it is based on the ease of shopping.  That includes the selection, checkout, delivery, and service.  All these have been communicated to customers through effective marketing efforts.

What can you learn for your vacation home rental business from Amazon?  Look carefully at what differentiates Amazon from other retailers. 

Amazon provides a seamless and complete online shopping experience.  

  1. Selection is almost limitless – this is difficult to accomplish for vacation rentals, but you can do much through your descriptions and marketing of properties to provide variety
  2. Checkout is simple – make it a seamless and easy process that inspires confidence to your guests
  3. Delivery is reliable – ensure that you follow up on all actions taken by prospects and guests
  4. Service is great – share the love, and make sure that everyone interacting with your guests shares the love

Certainly there are many more lessons to be learned from Amazon, but these are a couple that are at the top of the list.  Look to the winners in the current economy for lessons on how to get more ‘heads in beds’ and how to find the marketing messages that will inspire guests.

Happy Holidays.  On a closing note, here is a picture of me taking my two older kids on some snow-rafting.

Rafting.....in the snow in Idaho.

Rafting.....in the snow in Idaho.

 

 

 

 

 

 

 

Ralf VonSosen
www.LiveRez.com
www.LiveRez.com

Simplify……and make money with Security Deposits

Monday, December 22nd, 2008

I like things simple.  Life is complicated enough – economy, family, work, holidays, BCS college football rankings, …….  So I am one to jump on anything that simplifies life and vacation rentals.  Here is my simplification tip for the day:

Security Deposits – these can be very laborious, hard to track, and not super efficient in helping to control damages.

So here is a potential solution that has become popular with many of the LiveRez vacation home rental managers – use a flat non-refundable fee that covers processing and the security deposit.  Using a flat fee of something around $69 – $89 that covers your processing fees and security deposit is a way to simplify the traditional dance of “collect, monitor, hope they report, checking the property, refunding the fee, finding something later,……”.

Here is the logic.  You collect a non-refundable fee that in essence insures the guest for any accidental (not deliberate) damage up to $1500 (you choose the amount).  They know they are covered and are more likely to report any damage.  Most people will not break anything and that is cash in your bank.  You do not have to mess around with refunding the deposit.  Win, Win, Win.

Maybe this change in operational process could work for you.

All the best.

Ralf
www.LiveRez.com

Know the Travelers to Your Vacation Rental Destination

Friday, December 19th, 2008

How much do you know about the visitors to your destination?  Not just your guests, but the general travelers to your destination area.  This information should play a vital part in your marketing efforts as it will tell you about your target market and what you should emphasize. Here is some information that I had the opportunity to review with a vacation manager from Florida.  These are 2007 numbers for Central Florida and Kissimmee. Among overnight visitors to Kissimmee (defined as Osceola County) in 2007:61% had been to Central Florida before
57% had been to Kissimmee before  Among those who had been to Central Florida before, this is the breakdown on number of past visits toKissimmee:
1 Visit              24%
2-3 Visits          23%
4-6 Visits          16%
7+ Visits           30% 
For an additional 7%, it was the first time to Kissimmee, even though they had been to Central Florida before. Among those who had been to Central Florida before, the time since last visit was:
Less than 6 months      
14%7 months to 1 year       
10%1-2 years                      
18%2-3 years                      
21%3-5 years                      
19%6-10 years                    
7%More than 10 years         So why is this so interesting?  It tells you some important information about the frequency of repeat visitors to Kissimmee.  It tells you in what time increments they are likely to return.  The better you can understand your target market, the better you will be able to tailor your marketing campaigns, message, and special offers. I encourage you to work with your local organizations to track and document such important information to everyone whose business relies on travelers to your destination.