Goa’s tourism business has been booming and many businesses have ventured into catering to serviced apartments in the coastal belts. It is human tendency to want to do better than what you are currently doing. Many people complain about turning their vacation rental business into a highly profitable one. Why shouldn’t they, if you look at the stats, there is a lot of money to be made in that line.
No matter how good a property for the apartments are, no matter how perfect the location, you always have those days when no one seems to be calling and that phone is just lying there. Furthermore, your calendar is not booked for anything and it gets really depressing to look at it and hope to do better the next day. Remember at the end of the day, a business is a business, and every business has its ups and downs as the business for rentals in Goa is a highly seasonal one.
Here are a few tips that will help expand your clientele for serviced apartments in Goa
Remember you are running a business and nothing else. This is not a pass time nor is it something you do to enjoy yourself or to make yourself feel good, it is a business and has to be run as such. Just thinking about running this as a business over anything else, will make it a bigger success as you will spend more time working on this endeavor as you would on a hobby. The demand in Goa for serviced apartments is increasing each year and put in the efforts in the get go will hep to set the business in the future.
You have to be frank with yourself. You have to take a long hard look and evaluate yourself on whether you are doing really well or you need to up your game. Pay attention to what you are good at, what you have to better yourself on, and most importantly, finding the qualities you cannot learn nor possess.
Make sure you market yourself well. If you have established that you are running a business and not a hobby, why not give it some publicity? You may have to spend some money on it but you are bound to make up the difference soon. All you need to work on, is your mindset. Meeting with established travel agencies in Goa would help you in pre-bookings for your apartments in advance. You may need to hire an interior expert to remodel certain sections of your apartment in-order to accommodate the tastes of your guests to fetch a better rentals
Make sure you create some realistic and achievable goals, you are just getting started so don’t be too hard on yourself. You can try evaluating yourself every month or twice a month. Remember to use your goals to improve and if you are improving, better yourself. That’s the only way to lead at what you are doing. The market for accommodation in Goa is very competitive and pricing is a major deterrent. Ensuring that you are well priced will keep you at par of the market.
Throughout the entire process receive realistic returns and keep your head in the game. Remember to up your game to get better returns, try not to have too large profits off one place as that may make it expensive for the client. Increase the number of leads you end up converting. Don’t forget to expand your inventory. of apartments that you can rent. Remember not to spend too much time on insignificant details and spend time only on the ones you see getting
you profits in future.