Table of Contents
Here are some questions that you may want to ask during a discover call with a vacation rental manager looking to improve their digital marketing efforts.
Questions To Consider #
- How long in business?
- Number of units managed? (sidebar: divide number to get a rough sense of growth rate. Example: 100 units in 4 years: 25 properties added per year on average).
- What is your annual gross booking revenue? (sidebar: you can also ask average daily rates X around 65% occupancy and then sum up all of those properties)
- What are your current efforts around digital marketing? DIY, a team member, an entire team, an agency, none of above?
- How many email marketing newsletters have you sent in the last 6 months?
- How would you grade your current SEO efforts and results? Why that grade?
- How would you grade your current PPC efforts and results? Why that grade?
- How would you grade your current organic social media efforts and results? Why that grade?
- How many new properties have you added in the last 6 months?
- How many have you lost/churned? Why have they churned?
- How many people are on your team? Full time vs contractor? (sidebar: do they run payroll)
- Do you have Google Analytics installed? Can we have access to it?
Research Items To Perform Ahead Of Time #
- Do they have their own website? What platform is it on?
- Do they have established brand standards? Logo/color/brand kit?
- Do they have Google Analytics installed on their website? If so, how many sessions in the last 30 days?
- Do they have a Google My Business listing verified?
- What PMS platform do they use?
- What is the TAM of their market?
- How restrictive/severe are the STR regulations? How much smaller is the TAM of legal properties?
Who is the largest PM in the market and how many units do they have? (sidebar: this is the “ceiling” perhaps in short-term in terms of company size. Markets like OBX may support 1,500+ unit managers, while smaller markets may only have a 100-200 unit manager)