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How to raise money for your Airbnb business

Ep. 553

Due to inflation ​​in the current economic environment, investors are struggling to find a good return on their investments, with many investments offering a low rate of return or even resulting in a loss of money.


So, we're seeing a shift in investor conversations, with high-wealth individuals more interested in parking their money in the right investments with the right people and getting involved in something exciting.


If you have a unique vision, experience aiming vision, and you're solving a unique problem in the space, many investors want to get involved in short-term rentals.


So, how do you start raising money for your Airbnb business, brand, and vision?


Freewyld has raised $2.2 million from investors with a commitment of an additional $2 million for the expansion of one of our hotels and the goal of putting together $20 million worth of funding to acquire more projects this year.


We have a vision and are focused on sharing what we're learning with you as we go.


On this edition of STR Conversations, Eric and I are walking you through the most common questions people have when they first seek investors for the STR business.


We'll discuss the three fundraising stages for your company, including friends and family, seed funding, and Series A funding, and dive deep into where to find your investors, the importance of building a network (and creating authority around it), and "karma capitalism."


Listen in to learn why investors need startups as much as startups need investors and how you can offer something valuable and exciting to a potential investor.


We're officially opening the Rising Stars Mastermind, a virtual mastermind group for short-term rental operators focused on growing genuine hospitality brands, acquiring real estate, building real teams and systems, and scaling their businesses. Click Here to learn more and set up a call.


Topics Covered


  • The unique advantages of investing in short-term rentals: tax benefits, appreciation, and increased revenue through hospitality branding
  • The trend of high-wealth individuals looking to get involved in something exciting
  • Why your network is your net worth: the actual value and importance of ORGANICALLY networking with other entrepreneurs and investors and sharing YOUR real vision
  • The difference between seed capital and acquisition capital and how investors approach these two types of investments with different mindsets and risk tolerances
  • The 3 things to focus on to build a successful short-term rental brand
  • Launching the Rising Stars Mastermind


Resources


Learn More about the Rising Stars Mastermind

Get Paid for Your Pad Email List

Subscribe to GPFYP on Apple Podcasts

STR Profit Academy

Overnight Success

Email team@overnightsuccess.io


Sponsor

 

STR Legends Mastermind

More Episodes

Monday, April 3, 2023

How to analyze and optimize your Airbnb booking funnel

Ep. 559
Have you ever wondered how to maximize your short-term rental revenue by making strategic pricing adjustments to your Airbnb booking funnel?Today, Jeff Brown, co-founder of Loma Homes and Founder of IntelliHost, joins me on "Get Paid for Your Pad" to discuss a new tool to help property managers optimize their booking funnels and increase their revenue.IntelliHost, the platform built by Airbnb hosts for Airbnb hosts, empowers short-term rental hosts to make data-driven decisions and optimize their listings to earn more revenue. IntelliHost provides real-time data on the impact of listing changes on search metrics.In this episode, Jeff shares the factors that impact search visibility, how to activate Professional Host Tools on Airbnb to gain access to deeper metrics and insights, and what to focus on to maximize bookings, plus he explains how to identify gaps in booking periods and provides tips on how to fill them proactively.Listen in as Jeff shares how IntelliHost's dashboard can help property managers visualize their sales funnel, determine how much traffic they are getting, and make pricing adjustments to maximize their revenue.Are you ready to optimize your booking funnel and increase your short-term rental revenue? Sign up for a 30-day free trial of IntelliHost and use the offer code "PAD" to get 20% off your subscription. Just click here: Intellihost.co/pad.Topics CoveredUnderstanding the four key factors that influence booking rates: impressions, first impressions, clicks, and bookingsThe importance of optimizing an Airbnb listing for search visibility and bookingsThe factors that impact search visibility (listing title, description, amenities, reviews, and photosThe role of the cover photo and additional photos in capturing potential guests' attention (and conveying the value of the listing)How to activate Professional Host Tools on Airbnb to gain access to deeper metrics and insightsThe importance of comparing your listing the metrics of your listing to similar listings to gauge your competitivenessHow to use Airbnb Insights to track listing performance and make data-driven decisionsHow IntelliHost can help property managers visualize, track, and analyze their booking funnel to identify areas for improvementHow IntelliHost's pricing tool can help property managers make data-driven pricing decisions, including tracking future traffic to proactively fill gaps in their booking calendarConnect with Jeff BrownJeff BrownIntelliHostLoma HomesResourcesSign up for a 30-day free trial of IntelliHost with an exclusive 20% off subscription using the offer code "pad"Stand out on Airbnb with Extremely Themed Units (Ep480)Sponsor Rising Stars Mastermind