The Secret to Success in Airbnb Management
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What is the one thing your Airbnb business needs to succeed? Find out in this video!
Today, we are going to look at the number one most important secret to success in an Airbnb management business. Of course, there isn’t one secret that will automatically allow you to create a successful business, but there are a few fundamental things that are crucial if you want to achieve the right results.
The single most important thing in the success in any business, including your Airbnb management business, is consistency. That level of consistency is necessary in many areas of your business, but one of them is client attraction. When you’re first getting started in our BNB mastery program, you’ll receive a step by step system that is foolproof, it’s worked for me and for hundreds of other students time and again. You have the steps on how to research your market, find their pain points, develop your messaging, and then reach out to the clients in your niche so you can set up meetings and bring their properties under management. But the key ingredient to making that all work is consistency. What a lot of people don’t understand, though, is that the effect of consistency is exponential, it isn’t linear. That means if you put in one unit of input (time/energy), you’ll receive one unit of output (results). In reality, if you put in one unit of input, you can get one unit of output, but if you put in two, you can get three, if you put in three, you might get seven. So you’re having an exponential impact with each amount of time and energy you put into your business – that’s what we see with client attraction.
Let’s imagine you put aside an hour a week to do client outreach. If you put in that one hour, you get your message out in front of X number of people, and you’re going to get some results. And of course, the more time you can put aside for it, the more results you’re going to get. But with each successive week, you’re going to be reaping the results of the previous week of outreach – maybe you have some people who have now responded to your messages and are asking for more information, and you’re starting to move forward with them. So part of the time you’ve set aside for outreach is now being spent building on the relationships you started building last week, plus laying the foundation for next week’s results. Another thing to remember is that this business is strong into referrals. So it isn’t surprising to have each new client you sign to refer you to one or two more, meaning the growth in this business becomes quite exponential. It is preferable for someone to put in 5 hours a week for 5 straight weeks, than to put in 25 hours for one week and then not touch it for the next 5. You’re going to get much better results by putting in consistent effort over an extended period of time.
Make sure to check out the links below for some free training that will go more into detail about how to start and grow this business and earn a full time income managing other people’s properties on Airbnb.
What's up guys, it's James here and in today's video, I'm going to be talking about the number one most important secret to success in an Airbnb management business. Now, one of the students in our program b&b mastery program recently made a post in our Facebook group. That's a community of all the students in the program where we help each other out and help each other to grow our businesses. And it was very insightful, I think it really nailed a point that I always try to make right on the head of what's so important in this business, and really any business and what separates the most successful students in our program, the most successful people with growing their b2b management businesses from those who are less successful.
So in this video, I'm really gonna break that down and share exactly what that is and also how it actually shows up in a practical way and why it is so important. Now, by no means is there one specific secret that will unlock the door to run a successful business. But there are a few fundamental things that are absolutely crucial that without them, you're not going to really be able to achieve the results that you want. And this is the number one most important one that falls into that category.
Now, before we dive into all of that, if you are interested in learning the step by step system for exactly how to go about building this business that you can apply, so that you can go and build this business quickly and earn a full time income managing other people's properties on Airbnb, and build a business that gives you real freedom and real consistency in your income, then I highly recommend that you check out the free training, it's linked down below, we've put together a complete free training for you, we're also going to give you some free gifts at the end of it some tools that you can use to actually leverage to build your business. And that free training is going to walk you through step by step exactly how myself and my other students have been able to repeatedly bring on new clients under management for Airbnb property management, and earn a consistent monthly income a full time income doing that, and then put systems in place so that we can walk away from the business and actually have real freedom and control over our time and our location.
So again, all of that training is detailed, just click the link down the description below. And you can sign up and select a time and check out that training completely free. So I highly recommend checking that out. If you're interested in earning a full time income managing properties on Airbnb. One last thing I'll mention about that as well is that the strategy that we use, if you are new to the channel, talks about how we can do it without buying or renting any properties at all, so that you can do it without investing a whole bunch of money or taking a bunch of risk. So now without that set aside, go and check out that training. Let's get into it. Let's talk about the number one most important secret to success in my experience for growing your Airbnb management business. And the answer is, drumroll please. consistency.
It's so so important to be consistent in any business that you build. And certainly that rule applies to the business of Airbnb management. Now it shows up in a few places. But there's one that stands out to me more than anything else. Now that area is client attraction. So when you're first getting started in b2b mastery program, we walk through a step by step system that is foolproof, it's worked. For me, it's worked for hundreds of other students time and time and time again, to research your market, find their pain points, figure out exactly what messaging is going to resonate really strongly with them so that clients are going to really want to work with you. And then reach out to people who are in your niche of your ideal clients, you know, put your message in front of your ideal clients, we show you organic ways to do that without spending money on adspend. So you can get that message in front of your ideal clients.
And then they can set up meetings with you so that you can bring their properties on under management. Now, this system is all laid out. It's bulletproof, it works. But the key ingredient to making it work and making it work exceptionally well, is consistency. Now, if you get that message in front of more people more consistently, you're obviously going to get a lot more results. That seems pretty obvious, right? But what a lot of people underestimate is the exponential effect that it has to be more consistent, it's not linear, it doesn't just mean if you put in one hour, you put in one unit of energy, then you're going to get one unit of output. And then if you put in two, you're gonna get two, if you put in three, you're gonna get three, that's linear, what we're talking about is exponential. So what I mean is that if you put in one, you might get one who you put in two, you might get three, if you put in three, you might get seven, right.
And so that's what it means to really have an exponential impact. And that's what shows up with client attraction. And I'll explain to you why. And I'll break it down to make it really, really simple. Imagine if you if we just look at this in the simplest form and you just look at getting your message out in front of people. Let's say that it takes you an hour a week to do this. Now if you put in an hour a week, and you get your message out in front of X number of people, well then you're gonna get some results from that. But what happens if you put in two hours per week well You get more results, right.
And that makes sense, you're putting in more time. And so you're getting more results out, if I put in an hour now versus two hours, now it's reasonable to expect them, you get twice as many results from putting in two hours versus putting in one hour, if I put in three, I would get three times as many results. And that holds true for the first week when you're first initially doing it. Now let's look at what happens in week two. And week two, you now are kind of yielding your harvest, you know, maybe you reached out to some people and they didn't get back to you, you got your message in front of people, and then they they messaged you back but they messaged you back later in the week. So now you have three hours again, that you're going to be able to put into yielding the results from the last week and also continuing to put energy towards the weeks to come to get more results.
So what that practically works out to is it means that you're going to be taking some of those three hours in the week, and you're going to be responding to some of the messages that came in. Are you following up with clients who are reaching out to you now and they're saying, hey, I want to meet with you, I want to bring your property, I want you to manage my property. But you also now have time to reach out to even more people. And then if you look at maybe a month down the road, what that looks like, Okay, well a month down the road now, because you put more time and we've actually got two clients already on board under management, that would have taken us a little bit longer if we were only putting in one hour per week.
Now that makes sense your thing, okay, I got some more results, because I put in more time, but you have to consider as well is it those two clients are now quite likely to refer you to another two or three clients each, that's not uncommon in this business. So that means that now you have two clients and the potential for another four or six. So you can start to see pretty quickly how this becomes quite exponential. Whereas if you would put in one hour, you might not even have a client or any additional potential for referrals.
Now you have two clients, because you put in three hours of the work, and you have the potential for six more, that's a very, very big difference. You zoom it out six months in the future 12 months in the future, this is what makes the difference between someone that has five properties under management, which is still respectable, it's still good, you're still earning maybe four or $5,000 a month with that. But if you compare that to a person that's managing 30 properties and earning 20 to $30,000 a month with those properties after 12 months like some of our top students in the program do then really you can see the stark contrast the difference that it makes.
So that's really the number one key to success in b&b management business and a lot of other businesses as well is just consistency. I always say to people that if you're gonna put in time into your business, you want to set up a schedule to put that time in consistently, it's a lot better to be consistent than intense consistency beats intensity is what I like to say, I would rather see someone put in five hours per week for five weeks straight, then put in 25 hours in one week, and then not touch it for the next five, you're gonna get much better results by putting in time consistently over an extended period of time.
And you're going to build that muscle to continue putting effort and energy into your business that's going to pay off tenfold long term. So with that being said, I hope this has been really valuable for you. I hope that this made sense to you in terms of why consistency is just so important, and how much of a difference it can make to really transforming your business and getting you exponentially better results than if you operate without consistency. Now if you have questions, comments, if you agree, disagree. If you want me to expand on this topic more, just let me know in the comment section down below. And as I mentioned before, we've got links in the description down below to check out some free training.
There's one in particular on how to build your business and earn a full time income managing other people's properties on Airbnb, where I break down the entire process I use step by step by step everything I've talked about in this video as well as a whole bunch more. So if you're interested in that, then just check it out, click the link in the description down below. Sign up for the free training, you can check it out, we're going to give you some freebies at the end like I mentioned, and that should be really valuable for you as well. I hope you've enjoyed this video. If you're new to the channel here then please consider subscribing so you can stay up to date we do post two new videos every single week.
So they're always around helping you to improve your performance either hosting on Airbnb or managing other people's properties on Airbnb. So if you want to stay up to date with all that then just click that red subscribe button there and stay up to date with the channel. If you enjoyed this video got value from it then just click that like button to give this video a thumbs up it helps me out tremendously to help get these videos out to more people. So with all that being said, thank you so much for watching, and I will see you in next week's video.