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In this video, learn about how in a few hours each week you can create your own stimulus!
If you’re watching this video, that means you have some extra time and you’re looking to spend that time earning some extra income. You ideally would like to have an income that is going to last and be consistent each month.
So, whether you are collecting a stimulus check right now or not, it makes sense to spend some time building a business that will give you a consistent monthly income. There really is no greater freedom in the world than having a dependable monthly income that is not tied to the amount of time you spend working.
In this video, I want to show you how you can build a consistent monthly income with Airbnb in just a couple of hours per week. I want to get really practical in this video. So let’s put a goal of $2,000 per month. That is a very achievable number when you’re looking at managing other people’s properties on Airbnb. If we do the math backwards, you are basically going to be managing between two and four properties.
Depending on whether you are doing remote management or full-service management, you will be charging between 10 and 20% management fees. Full-service management is where you do everything: organizing the cleaners, managing maintenance and guest communication, pricing and all of that. So if you’re managing a property that brings in $3,500 – $5,000 per month in gross revenues, you are earning between $700 and $1,000 per month.
If you’re managing remotely and doing pre-check-in management, meaning simply optimizing the Airbnb listing and making sure it performs well and is priced effectively, then you will be charging 10-15% for that type of management. So you will be making $350 to $500 per month per property. If you’re earning on the low end, you will need to manage six properties to reach that goal of $2,000 per month. Of course, if you’re being selective and managing properties that earn more, you will reach that goal more quickly.
So how do you get to that point? Spending about five hours per week, you can get three or four properties under management and within a couple of months really build up and get yourself a consistent monthly income that you can do in the long-term.
Well, the first thing that to focus on is the basics, getting an established system. Our free training will walk you through the steps to set up that foundation. You will walk out of that training with your target market identified, understand what their challenges are and you will have a message and an offer that resonates with them.
The next step is to reach out to property owners. A lot of people get bogged down with other stuff setting up a company like the website and the business cards. That stuff is a waste of time. I’ve worked with hundreds of students in my program and not one of them needed a business card to do it. Once you have your messaging dialed in, THEN worry about your website.
The key is to be reaching out to property owners with consistency. To get one meeting set up with a property owner, you will need to send between 15 and 45 messages. To send those messages, you’re really looking at spending a couple hours per day. Once you start hearing back from owners and having those meetings, we generally see a 50-80% conversion rate.
All it takes is spending a week reaching out to people, setting up appointments and getting one property under management. Now, you’re making anywhere from $350 to $1,000 per month in management fees from that property. Then you just keep repeating that and as you build momentum, you will get a snowball effect going.
So that’s how in just five hours a week, you can build up a $2,000 a month income with relative ease. Now, it’s not a handout. Yes, you need to put in work. But you’ve built something valuable that actually has longevity.
So if you want to learn more and want the exact scripts, strategies and templates, that is all covered in the free training linked above. We’ve worked with hundreds of students now at this point, and we’ve helped them to generate results. I’m confident we can do the same for you.
What's up guys, my name is James and in today's video, I want to talk to you about how you can take just a few hours out of your week every week and create your own stimulus with that, you know, there's so much money going around in stimulus right now. And so many people are trying to keep us up to date as possible with that, but I want to look at things from a different angle.
Now, if you're watching this video, you probably have some extra time and you're probably looking to spend that time on getting some money making some income, and good chances are you would ideally like to have an income that's going to last and it's going to be consistent monthly income month over month, long term. You know, the thing with stimulus is it's only going to last so long. And so whether you're collecting a stimulus check or not, it makes a lot of sense right now, depending on where you're at with your life, to really spend some time building a business that's going to give you consistent monthly income.
You know, there's no greater freedom in the world than having a dependable monthly income that isn't Reliant isn't tied in to your actual time spent. Whatever the business might be, once you have that level of income, set up that specific type of income set up, you then become free to go and travel, go spend more time with your family do things you want.
And that really is what you want to be spending your time on right now, if you're watching this video, and so I want to walk through how you can do that and how you can create your own stimulus how you can build a consistent monthly income with Airbnb in just a couple of hours per week, I want to talk to you more about that. In this video, I'm going to share with you exactly what you should do and what steps you should take in order to accomplish that.
Now before diving in, I just want to remind you that if you liked this video if you get value from it, if you want to see more videos like this, please just take a quick second at any point in the video to just click that like button button down below. It'll turn blue, just give it a click it really does help me out tremendously with YouTube's algorithm. So you could just take a second and just click that like button I would really greatly appreciate it.
So to get started with I want to share I want to get really practical in this video. So if you're learning In a stimulus, let's put a goal of $2,000 per month. $2,000 per month is a very achievable number when you're looking at managing other people's properties on Airbnb, because if we look at the reverse math, if we really just kind of work backwards towards that goal, then $2,000 a month, you're looking at basically managing a couple of properties anywhere from generally two to four properties.
And I'm going to show you the math on that, you know, if you're managing properties, depending on whether you're using remote management, or if you're doing full service management, you're going to be charged charging between 10 and 20%. management fees.
And the difference there is that in the one when you're charging 20%, that's full service management. That's where you're taking care of, you know, organizing the cleaners, you're taking care of managing maintenance, you're taking care of guests communication, pricing, all that stuff, and you get system set up to automate and outsource all of that. So you're free for you know, all of the day to day activities you're not tied into and you can have it be a really independent and really automated business. That's a really cool model too.
And that generally you're getting about 20% management fees. And so if you're managing a property that on average is bringing in between 3500 to $5,000 a month in gross revenues, and that means you're making between 600 and $1,000 700 to $1,000 a month in management fees on that property. Don't worry about the math, you're just looking at 700 to $1,000 a month in management fees per property. That's the one number you really want to remember.
And so if you are managing remotely, and you're doing what we call pre check in management, that's when you could be living in Florida and managing properties in California or for that matter over in Brazil or you can be in Vegas, down in Brazil, or you could be over in Europe somewhere. You can manage properties completely remotely. And you can do that because you're managing and just doing the pre check in management. So you're not organizing any cleaners. You're not dealing with any maintenance on the property.
You're not dealing with anything. After the guest checks in, you're just dealing with optimizing the Airbnb listing, making sure it performs well on the search results and making sure it's priced effectively, you're really just going in there and taking more of an analytical approach to things and just optimizing the property's performance.
Now, property owners are gonna be willing to pay about 10 to 15% for that type of management, depending on the market, and depending on the results that you can generate for your clients, if you can help to boost their listings performance by 20% 30%, then they're easily going to be willing to pay 10 15% for your management because it's going to net them a whole lot more money, they're gonna be making more money and doing less work.
Now at the 20% management fee, you're going to be doing all of that stuff as well. You're also gonna be taking care of the on the ground stuff. So that's why it's a little bit more valuable because again, you're just saving them a bit more time in either scenario. The beautiful thing about this business is that it's so easy to get clients when you can generate them results because ultimately you're more than paying for yourself, you know the value proposition is Hey, property owner, you can make more money and save time by working with me.
So it's a no brainer. And so when you're doing remote management, you're looking at managing properties for about half of that original amount. So rather than making 700 to $1,000 per month for each one of the properties you manage, you're looking at making 350 to $500 per month per property, okay? But again, you're not managing cleaners, you're not managing maintenance, you're just taking care of it's completely online business, right.
And so with that you look at and you're looking at at the top end, if you're managing properties remotely, and you're earning the lowest end of $350 per per property per month, you're looking at six properties to get to $2,000 per month, most often more often than not, you're going to be looking at four properties to get that level of income, you can be a lot more selective is the nice thing if you're managing properties remotely.
So you can hand pick the ones that are going to make the most money for you. And those are typically the ones There's the highest upside potential for the property owners. So they tend to be the easiest clients to get anyway. And then if you're looking at full service management, you're typically looking at two, maybe three properties to get to that level. So figure on average, between either one of the different models that you choose, you're looking at three to four properties under management. And that's $2,000 a month. That's your starting point.
Now, now that we've got the hard stuff out of the way, I know the math can be kind of complicated. But now all you really need to remember is that you've got three to four properties that you need to get under management in order to get to $2,000 per month in income. And so let's look at what it's actually going to take How can you do that? And about five hours a week, how can you get three to four properties under management, within a couple of months really build up and get yourself a consistent monthly income and have it be an income that's going to stick around.
We don't want to just be a month or two months or three months. I'm talking about long term having this last four years. Two years, three years managing for these people long term delivering results. Well, the first thing that you really want to focus on with your time is, once you've established the basics, I highly recommend getting an established system, the basics, you know, really understanding what your Nisha is, what your market is, we've got a free training down below, that's going to help walk you through the step by steps of how to set that foundation up.
So if you haven't gone through that already, if you haven't already, check that out, I highly recommend you check out the free training that's linked down below. Like I said, it's completely free. And that's gonna walk you through how to lay out all the foundations of your business figure about one to two weeks for setting up all those foundations and getting to a point where you can actually start reaching out to property owners, assuming they are only spending five hours a week on this stuff.
Okay? So you're going to take one to two weeks to set up your foundations and be ready to reach out. Then now you're going to have at the end of those one to two weeks, you're gonna literally have all the stuff figured out you're gonna have a deeper understanding of how this all works. You're going to Have your target market identified, you're going to understand what their pain points are, what their problems are, what their challenges are, and you're going to have a message that resonates with them and an offer that resonates with them.
That is a total no brainer. Okay? So that's what we're going to give you in the training that's linked below. So check out that free training if you haven't gone through that already. that's step number one. Step number two, then is just to start reaching out to property owners. So many people get bogged down with all kinds of other stuff set up trying to set up a company trying to you know, do this and do that. So the website, get cart, you know, business card setup, all that stuff is a waste of time.
You don't need it, trust me, you know, I've built this business. I've worked with hundreds of students all over the world, and help them to build their businesses managing properties on Airbnb, and not one of them has needed a business card to do it. You know, building a website is step 10. Once you've already got a couple properties under management, you really want to start focusing on just getting properties under management and to do that All you need to do is have that messaging dialed in and start reaching out.
Now the nice thing about it is if you have your messaging dialed in the right way, you've got a message that really resonates with people, then you're only looking at sending out a few messages per day to or in order to set up some meetings with property owners and get properties under management. So if you're setting if you're sending out messages every day consistently, that's the key here is you want to send out with consistency.
So in order to get one meeting set up with property with a property owner, you're probably going to need to send out about 15 to 45 messages, it's really gonna depend on how dialed in your messaging is when you're getting started there, how much it resonates with that ideal client of yours. Now, if you're needing to send out 15 to 45 messages in order to get one property owner have a meeting setup with them, then you're really looking at only spending a couple hours per day, you know, one hour per day for the first week, and you're gonna get five hours and that's plenty of time to send out money. More than enough messages.
So within one week, you should have your first property owner lined up into a meeting, then you're going to want to transition to actually doing the average, but additionally doing the meetings with the property owners. So if you're doing meetings with property owners, you've got to figure that at least one out of two. Generally speaking, we're looking at about a 50 to 80% conversion rate in these meetings.
Again, that's the really nice thing about having a value proposition for property owners, where you can help them to make more money and actually save time, if you can do both of those things, then you're going to have a really high conversion rate with your property owners that you're meeting with. So all it takes is spending about a week reaching out to people maybe to reaching out to people and setting up appointments, you're gonna get two appointments set up, and then you're gonna get one of those properties on under management.
And so now you've got one property under management and you're making anywhere from 350 to $1,000 a month in management fees just from that one property. Pretty simple, right? And then you just keep Repeating that and the nice thing is that you build up momentum, you get a snowball effect going. And so if you figure that it takes you one to two weeks to generate a client, then you're looking at an order to generate on the top end for clients, then you're looking at about eight weeks, there's another two months there.
So that's how really simply and just five hours a week with just a couple of key steps, in about two to three months, you can build up a $2,000 a month income with relative ease. Now, it's not just falling out of the sky. It's not a handout. But there's something a lot more valuable there. Because you build something that actually has longevity. Yes, you need to put in work and anyone who's out here telling you that you can make money online without doing anything, you know, just sitting on your butt. That never is actually going to work.
And if it does work, it's not gonna work long term, I can promise you that. I really firmly believe there's no something for nothing. But if you're here, checking out this channel, you're probably on the same page with me there as well. And you want to figure out how you can put in some work right now. That's going to pay off long term that's going to actually generate sustained results, because something for nothing may not happen.
But if you put in work right now you can have it pay you dividends for six months, a year, two years into the future. And that's passive recurring income that you really want to build up. And the way to do that is putting in the work now putting in the right work now to get those results that are going to last long term.
And so if you want to learn more about the step by step how to do all this, like I said, set up that foundation, but you also want the exact scripts, the exact templates for exactly what messages to send, how to send them, when to send them, where to send them, who to send them to all that stuff, how to do the meeting, how to do the meeting effectively, so that you can be closing one and two property owners or you know, 50 to 80% conversion rate. All that stuff is covered in the free training, it's linked down below.
So if you want to get access to all of that, you want to really learn step by step the walkthrough for exactly how to build this business and create your own stimulus get to to thousand dollars a month 5000 $10,000 a month and beyond, and really have a full time income where now you're not tied down to a nine to five, you've got real freedom, real flexibility, you can spend more time with your family, do things you've wanted to do for a long time. And check out that train down below.
We've worked with hundreds of students now at this point, and we've helped them to generate results, I'm really confident that we can do the same for you. If you just follow the system. If you just check out that training and follow the steps you take action on it, you're virtually guaranteed to get the results. So just go down there, check out the free trainings link down below.
Again, thanks so much for checking out this video. If you did get value from it, if you enjoyed it if this was helpful to you, and it really you know, kind of made some some things more clear, please click that like button. It really really helps me out tremendously and it lets me know that you appreciate this type of content. If you want more than just click that subscribe button and you can subscribe to the channel. We post two new videos every single week. I thank you for spending your time with me and I will see you in the next video.