Revenue management is a specialty skill set. If you do not invest in learning it, you are leaving 10 to 40 percent of revenue on the table every year.
In this Rev Up episode, Jasper breaks down the three pillars of actually getting good at revenue management: experience, resources, and community. Whether you are doing it yourself, considering hiring in-house, or evaluating a third-party service, this episode gives you a clear framework for making the right decision and developing the skill the right way.
You will hear:
The three options for filling the revenue management seat in your STR business and how to think through which one fits your situation
Why there is no substitute for experience in revenue management and what blocking daily time for pricing actually looks like in practice
How to evaluate resources and avoid learning from content that is marketing material disguised as education
Why community accelerates learning and how to structure a mastermind with operators in non-competing markets
Why switching between revenue management approaches too often is one of the most costly mistakes operators make
We also talk about:
The full resource library at freewyldfoundry.com including workshops, guides, podcast episodes, and blog posts
Why PriceLabs updates its tool constantly and why staying current on your pricing tool is as important as understanding the strategy
Why it takes a full year to truly learn a portfolio and why long-term commitment to any RM approach is the only way to see real results
Mentioned in the Episode:
Freewyld Foundry workshops and guides: freewyldfoundry.com/resources
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