You will have a swimming pool full of money from your Rental Business if you will follow these tips.
We all do business to earn money at the first place and then for any other purpose such as passion, dream. Well if not all but most us are working for money. We all want financial stability in order to fulfil our personal and our family’s desires.
So what if the business you are running currently is not generating enough profits? Will you shut it up or just keep on bearing all the losses? Well I have a better option than these two, only for you because you are my friend. You can do a little bit research, work upon certain areas of your business, change some strategies, learn some tactics from competitors and improve. Now I can understand your situation very well, you don’t have enough time to do research and money to hire someone to get this work done for you…. I know your problem. So, I have done this work for you and you know what, you won’t have to pay me anything. Just take out 5 minutes from your busy schedule and read this article completely. I am sure after reading this you will have a basic idea about how to improve your earnings and be reputed in Vacation Rentals Business Market. And I expect you to spare at least this much time for your business. This is least you can do and don’t just read it and forget it, work upon the idea and maintain your performance.
1. Prioritize Your Customers
I went India last year for a business tour with my friend. There I learnt a basic yet authentic principle of business — Treat your Customers as God. Yes they do treat their customers like a God and that’s what makes their relationship with their customers home-like. Now if we talk about Rental Business you should try to maintain healthy relations with your clients. Make sure you pay heed to all their complaints and queries. Just be available to them 24/7 and don’t let them feel betrayed and disheartened. But this does not mean you will invade their privacy, remember they are at your place to have some personal time and not to be bothered by you all the time. Maintain a balance and make sure you are in contact with them.
2. A Clean Home Is Their Right
First impression is the last impression, well it might not be true in case of people you meet but it is certainly true about the places you visit. So if your guests won’t find your place clean in their first visit they will not consider staying at your place again. It will bring bad name to your Business and you may lose potential guests. Bad referral is more dangerous than you think.
Talking on your guests’ behalf, I would say that a clean place to live in is their right as they are paying for it. They will definitely leave negative reviews on your website about your rental property without any hesitation, because they will be disappointed in you. A clean place will lift up their mood and will freshen them up.
You should regularly clean your house and make sure it is hygienic. Imagine they open the main door and everything is spick and span, everything is exactly at its position. Undoubtedly they will love it and will appreciate your service.
A Pro tip:
Make sure to clean your house surroundings as well. A dirty garden is as disappointing as a dirty kitchen. So make sure your garden area, garage, back lawn, the surroundings of your place everything is clean. It might sound absurd but trust me cleanliness can help you earn more 3. money.
3. Bend your finger and lick the butter
No relation is one sided, it only works when both the parties are equally involved. And so does it happens in business, if you are providing a clean home to your clients then it is your right to get it back at least not in a bizarre condition. Be humble and ask your guests to do the basic cleaning. You cannot expect them to do all of it but yes they can do some basic tasks such as loading the dishes, drawing all the curtains, switching off electrical appliances like lights,fans, microwave etc, closing doors and windows, making sure that garbage is dumped into dustbins. You can help them in doing that by putting small reminder slips all over your place or a decorative chart with all the instructions written over it for the same. It depends upon you that how you will get things done with your own creativity. So wear your creative caps and blast it with your kick*ss performance. Make them work without botheration.
4. Safeguard your Rental Property (Deposit Fee)
Some of you might not find it appropriate but charging a deposit fee from guest is not at all a bad idea., Indeed it is a great idea. It will serve dual purposes. First of all you will be relieved from worrying about the damages that might be caused to your property by careless guests. Second, deposit fee will make your guests more cautious about how they handle your property and gadgets in your house. Therefore chances of damage will be less. Convince your guests that in case of any damage only the amount extended to that of the damage caused will be recovered and remaining will be given back plus in case there are no damages your money will be returned to you. A pro tip here is that you can tie up with any online shopping app and provide exclusive vouchers to your guests, if they book your property for a certain period and leave it without causing any damage.
5. Don’t be a bossy boss
A place where every time you find your boss yelling out at an employee is a jail. And such a place feels like a nightmare where you can’t escape the ghost and have to deal with his sh*t. So if you are a boss then treat your employees like family, and they will work more efficiently which in turn will improve your business performance. But it doesn’t limit your powers, you can scold them if they depict wrong attitude towards their work and everything is acceptable if it is done in certain limits. Manage your staff effectively and make them feel at home yet inspired to do their work. Don’t overload them and make sure you have as much direct contact with them as possible, especially your cleaning staff. Maintaining right quality and quantity of personnel is another major decision that a leader takes which directly impacts your revenues. Over hiring and under hiring both will deplete your revenues. So choose optimally.
6. Go Solar… Go Green
If you are lucky enough to have ample sunlight in your Vacation Rental Property and that too for almost around the year, then you can cut down your electricity bill to almost nil by installing solar panels. Yes, it will put burden on your pocket for sometime but in long run this is a win-win game. Because solar panels are eco friendly and they are long lasting. Second, your environment loving guests will love it too. And if you want to them to be overwhelmed by their choice of choosing your property, then keep your garden in upright condition. There are different flowering plants in your garden to give it a contrasting look. Make sure there are no mosquitoes breeding in or any other harmful creature residing happily in your garden area.
You can further have segeragated waste management system so that recyclable waste can be recycled. Remember that mother earth is providing you with all of these resources therefore this is least what you can do for her. Make sure you harm you planet as less as possible. And if helping mother earth is increasing your bookings from your environmentalist friends then what’s the problem. Grab every opportunity dude.
Business is just like life, in order to grow you need to improve and keep going on. Similarly if you really want to achieve success in your rental business then never give up. Start with some small things and make huge difference because small pieces of puzzle makes a complete picture. Use these tips to improve and see the results. Every business is different just like our fingerprints. So understand your needs and work on it. Don’t stop at a point work hard and expand. And after expansion, try to maintain your position. That’s what matters. Many startups fail because they just don’t keep going on and want instant results. Be patient, have a muffin and work more without much load.
How To Get Rid Of Debts With The Best Debt Management Program
Sometimes you have so much money that you think, how you can swim in money like Scrooge McDuck. Sometimes you have to take the extreme of bankruptcy. Hardly anyone can say that he is immune to financial ruin. Lack of job opportunities, increasing cost of living and other factors can bring financial difficulties in your everyday life. If you are buried deep under debt, you want to get rid of them as quickly as possible.
A debt management plan is one of the ways you can beat financial challenges due to debt. You will sit with a credit counselor and he will create the best debt management program after evaluating your financial situation. It is a plan you can easily afford. The counselor will negotiate with all of your lenders. This program will allow you to make lower payments possible. You will be able to get rid of your debt in three to five years.
Instead of sending money to different lenders, you will make one monthly payment to the debt management company. Now, it is their job to make monthly payments to your lenders and creditors. The company can get more favorable terms for you such as longer repayment periods and lower interest rates. So, having the best debt management program makes your life simpler as you are paying less money and making only one monthly payment.
Though it will hurt your credit score, it is not as damaging as a bankruptcy. As your loan balances start to decrease, your credit score starts increasing.
One thing you should keep in mind is that not all loans are included in this program. A debt management plan does not include secured debts. Student loans and some other unsecured loans are also not included.
Creating Your Debt Management Plan (DMP)
Finding A Credit Counseling Agency
Don’t work with any random credit counseling agency that has called you yesterday. Make sure that it is a member of the NFCC (National Foundation for Credit Counseling). It should be a reputed credit counseling agency having an excellent track record. Your lenders and credit issuers should be able to trust the agency.
The first credit counseling session is often free. Always ask about the fee of subsequent sessions and documents you have to bring.
What To Expect During Counseling
When you are meeting your counselor for the first time, you need to bring bills for each lender, your recent pay stubs and banking statements. It is good to have a copy of your credit report. Telephone meetings and web meetings are also very common. So, you might not have to see your counselor in person. In this forty-five minutes to an hour-long initial session, the counselor will assess your debts, incomes, and expenses. The counselor also pays attention to the interest rate you are paying. After doing all these assessments, the counselor develops an action plan according to your financial goals. Your lenders are not involved in this session.
Making A Choice And Getting Started
The counselor will tell you about the pros and cons of all the available options. You can take your time to make the final decision. In case the credit counselor is pushing you to make an immediate decision, you are working with the wrong company. Carefully consider the debt solution you are choosing. Does your budget allow you to stick to the DMP?
What if the plan fails?
You will be in a worse position. So, act wisely.
Putting Together the DMP
If you choose to go for a debt management program, the counselor will ask for more detailed information to set up the best debt management program for you. You need to tell about the lenders you are including, bank account statements, medical bills, and credit card bills. You cannot miss any of your expenses. Make sure that you are comfortable with the due date.
Start Making Payments
Though you have to make only one monthly payment, it should be made on time. So, get used to following your new budget. Your credit counseling agency will negotiate and reach agreements with your lenders. Keep in mind that not all lenders will accept your plan. Once the lenders agree, start making payments.
Don’t ignore the fact that the debt management program is not the only solution for you. If it is right for you, go for it.
How to Get a Personal Loan with Low Credit Score
Personal loans are extremely popular financial solutions, as you need not pledge any assets to avail them. However, as lenders do not have any collateral to fall back on in case you default on the loan, they approve loan applications after gauging your repayment ability. One of the important ways in which they do this is by checking your credit score.
Your credit score is a number between 300 and 900 that reflects your creditworthiness. In other words, it indicates your debt handling capabilities by considering your ongoing debts and your repayment behaviour on loans and credit card dues. If you have a score below 750, lenders may hesitate to offer you the loan amount that you seek and they may also charge you a higher interest rate. So, it is very important for borrowers to check credit scores before applying for a loan.
If you have a poor credit score, consider these points before applying for a personal loan.
Look for a guarantor or opt for a joint loan
When you apply for a loan with a co-applicant or a guarantor, you improve your chances of getting a personal loan on pocket-friendly terms. When selecting the guarantor or co-applicant, remember to select someone with a high income and a good credit score. This way, the lender will be assured of timely repayment.
Prove your repayment capacity
While lenders check credit scores of all personal loan applicants, they also check your employment details and salary slips to ascertain your repayment capacity. This is because a steady job and a higher salary directly impacts your ability to repay personal loan EMIs on time. So, when you have a low credit score, you can strengthen your loan application by showing a reliable source of income via your job as well as other sources. If you manage to prove that your income has increased in the recent past or you have other sources of income using which you can successfully repay the personal loan, then despite a poor credit score, you can enjoy approval.
Request for a lower loan amount
Lenders do not favour the combination of a large loan amount and a poor credit score. Keeping this in mind, ask for a lower loan amount when you have a low credit score and you may find it easier to get your application approved. To decide on the amount, plan your requirements in advance. Then use an online personal loan calculator to determine the loan structure that works in your favour.
Appeal for an NA or NH consideration
Your credit score is based on your credit history, which is how you have handled debt in the past. A lack of any activity in this regard for the last 3 years will leave an NA or NH mark on your credit report. In such a case, your CIBIL report may lack a credit score altogether. You can speak to your lender regarding this status and request them to reconsider your application.
Apply after improving your score
One of the best ways to proceed is to work on boosting your credit score before applying for personal loans. Try paying your EMIs and credit card bills on time, avoid defaulting on your debts, and abstain from applying for multiple loans all at once. Keep in mind that several ongoing loans on your name can lower your score. Moreover, your credit report may contain errors or may not have the updated information on loans you have paid off, which impacts your credit score. Therefore, keep an eye on your credit report and rectify mistakes to see your score improve.
If you’re facing a medical emergency and do not have enough time to improve your credit score, you can consider applying for a loan from NBFCs who have simpler eligibility criteria. Apart from offering instant funding, NBFCs provide an array of attractive features. For instance, Bajaj Finserv offers personal loans of up to Rs.25 lakh at nominal interest rates and tenors ranging up to 60 months.
With easy-to-meet personal loan eligibility criteria and minimal documentation, you can apply for a loan quickly and easily here and even enjoy the features of a flexi personal loan. This allows you to withdraw funds from your total loan in parts, multiple times. Interest is incurred only on the amount you withdraw, and you can choose to pay interest-only EMIs, thus reducing your EMIs by 45%. To make the most of instant loan approval, check your pre-approved offer. This customised deal ensures you get the financing you need without any hiccups.
Tips to Write a Product Review for Promoting
An affiliate marketer can promote his online business by writing enticing product reviews. It is true that there are other ways to promote one’s online business and make the target readers aware of one’s products and services. You can resort to website content writing, blog writing and posting, article writing and E book writing for making your products and services popular among target audience. But, writing reviews can actually help to boost your affiliate marketing business. However, it is found that online readers express doubts about the product reviews found online. The reason is many have been cheated by fabricated reviews. It is true that in many instances marketers have tried to hoodwink the readers either through exaggeration or by fabricating facts.
Although, readers have revealed their doubts, product reviews are still considered to be essential for promoting a product or service. The readers read the reviews and cautiously take their decisions before purchasing and using a product. That is the reason why we need to write authentic, high quality and exceptional reviews to make our products popular among the consumers and, at the same time, urge them to purchase our products. Now, what are the methods you should follow for writing a product review? Well, here are some tips which you can consider while reviewing a product.
Need to Have a Well- Structured Affiliate Website
A well structured website can surely help in writing review. To put it in simple words, a good website contains ample information that helps the affiliate marketers to write good and authentic reviews. Moreover, when you have ample information, you know exactly what to include in your reviews, which can attract the readers. However, while using the information from the website, do no copy it exactly, but try to structure the review in your own style- a style that can entice the consumers.
Consider The Needs and Demands of the Target Readers
Before you start writing a review, you should try to understand your readers well. Your reader might be a novice who is least interested about the technicalities. He is only interested in the basics. Write your review according to the demands of the readers. In addition, maintain an informal style of writing, rather than being overtly professional. You are actually helping the consumer to understand a product and then, encouraging him to purchase it read more here. So try to be informal and use simple language.