Tag Archives: earnings

How To Increase Your Revenue and Improve Your Results

Inside of cabin with brown wrap around coach, stone by wood burning fireplace

 

 

Do you know what your ideal guests want? Who are you trying to attract to stay at your inn? The more you understand about who you want to serve, the better you become at meeting their specific needs.

Know What Your Guests Love About You and Your Inn

Are you getting their attention with the headlines you use? What do you receive the most compliments about from your guests? Be sure to feature what you know guests love.

The Benefits Of Frequent Guests and Guest Referrals

It is much easier to host returning guests than to find new guests. Do you offer incentives for frequent stays? Do you reward guests who refer you new business? This could be complimentary room upgrades and other incentives.

There Are Other Ways To Earn Money (Besides Overnight Stays)

Do you offer more than just the option of staying overnight? There are other ways of earning additional money. Why limit your hospitality earning potential?

Earn More By Offering Related Guest Products

You can offer additional related products and services to “up-sell” your guests. Of course, they have to really want what you offer. The best way to know what your guests want, is to ask them directly!

Increase Your Income With Guest Packages

Be sure to show professional pictures of each item for sale or that comes as part of a package. Guest packages can be centered around activities, specific themes, special occasions, and the four seasons. Think about what your guests like to do and the common reasons for their visit.

Host Events and Groups To Boost Your Earnings

You can also host private events and groups. Do you have enough space to host weddings and/or private local groups? The more details you can provide, the more inquiries you will receive.

Most People Buy Based Upon Their Emotions (Not Logic)

Do you tap into their fear of missing out? Most people making purchasing decisions based on their emotions. Expiration dates motivate!

Share Content That People Can Connect With

Do you provide them with enough content (blog posts, emails, website information, social media) to convince them that your place is the next place they want to visit? Share inspiring stories.

Prominently Feature Your Guest Testimonials

Do you feature guest testimonials on your website and in your social media? People put more stock into what previous guests say about you than what you say about you. That is why online review sites are so popular.

In Summary

The more of these suggestions you implement, the greater your odds of hospitality success. You can become the go-to accommodations in your local area.

Image by Marcus Berg of Unique Angles Photography

Maximizing Your Time

maximizing your time

We all have 24 hours in our day.  Since none of us can buy time, we must maximize (make the greatest and full use of) this limited resource. This means we must have a strategy (a plan for obtaining a specific goal or result).

So what are goals?  Goals are the results toward which our efforts are directed.  The best goals are SMART:

  • Specific–target a specific area for improvement
  • Measurable–quantify or at least suggest an indicator of progress
  • Action-oriented–state what action must be taken
  • Realistic–state what results can realistically be achieved, given available resources
  • Time-related–specify when the results can be achieved

As an innkeeper of a bed and breakfast, you may want to categorize your goals based on the different areas in your job. I have included an example of a smart goal for each category.

  • Cooking–I will learn at least one new breakfast recipe each week and serve it to my guests.
  • Decorating–I will consult with a professional painter and get an estimate on interior and exterior painting costs.
  • Events–I will host a local chamber of commerce meeting every week.
  • Finances–I will keep an organized record of my earnings and expenses.
  • Gardening–I will plant at least 3 trees and 5 bushes this month.
  • Housekeeping–I will hire a maid to clean our rooms regularly.
  • Laundry–I will arrange for a laundry service to clean our linens.
  • Marketing and Promotion–I will hire someone to write a blog for our website.
  • Shopping–I will stick to my list every time I buy groceries.

You may think of other categories or come up with different goals.  The point is to make the best use of your time. This will allow you, the busy innkeeper, to get everything done and still have a little down time to yourself.

 

Image by Marcus Berg of Unique Angles Photography