Below you will find pages in the category of “roi”
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Ignore the Gorilla at Your Own Risk
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Among small lodging properties it has been common to refer to TripAdvisor(“TA”) as “the 600 pound gorilla.” While this term recognizes the enormous influence of the review site with prospective guests, it is not usually intended as a compliment. Instead it is meant critically, implying some measure of unfair treatment by TripAdvisor (B&B’s have historically been difficult to find on the site) and sometimes by reviewers (differences of opinion, sometimes remarkably so, can be readily seen by scanning the reviews of many properties).
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How Did You Do Last Year?
It’s that time again. A new year, and with it lots of good intentionsresolutions to improve business for the new year.
This is the time to go back over some statistics from last year to try to genuinely understand how you did last year, especially compared with the prior year, and to see what worked, and should be kept, and what didn’t.
I’ve written previously about year-end reviews, so, instead of re-inventing the wheel, I’ve revised and updated the three posts for 2014/2015, along with the spreadsheet for checking on room performance, which you can download from the posts.
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Google Analytics: Tracking the Money
At the recent Hospitality Marketing Summit Conferencein Denver, I gave three presentations on Google Analytics. This is the third of those three, Google Analytics: Tracking the Money. The earlier Google Analytics presentations were Google Analytics: Follow the Moneyand Beginning Google Analytics.Google Analytics tracking using Ecommerce tracking can be a very effective way to evaluate paid listings. However, it is necessary to use a booking engine that supports Ecommerce tracking, and then set up Ecommerce tracking properly.
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Google Analytics – Follow the Money
At last week’s Hospitality Marketing Summit Conferencein Denver, Colorado, I presented several sessions on Google Analytics for Innkeepers. The first of those sessions, entitled Follow the Money, gave an overview of how Google Analytics can help innkeepers evaluate their paid marketing to see if they are getting good value for the investment, that is, to see if they get an adequate return on investment.
The slideshow is below. Beneath it is a description based on my HMS Conference session.
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Please Don’t Look At My Website
“Please don’t look at my website,” said no B&B owner, ever. But if you take a stroll through the garden of delights found by searching on B&B’s, you wouldn’t think that was the case. Some look like they were built by the neighbor’s child back in the 1990’s, while others have been updated, but have only made it to the 2005 era. But looking around you will find that there appears to be a correlation between the most successful properties and the professionalism and quality of their websites.
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Maximum Return on Limited Marketing Resources
It’s the classic conundrum, isn’t it? We know we need to market to raise awareness of our brand, or to simply be found by those searching for lodging in your area. But resources are very limited, so you need to get the maximum return on limited marketing resources.
Time and Money
Then there is social media. You have a Facebook page and you post frequently and interact with guests (if anyone ever responds!
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Tracking Revenue by Referral Source – Google Analytics
An innkeeper who attended one of my Google Analytics talks at the PAII conference in Las Vegas earlier this year wrote to ask how to track average revenue by referral sources on RezOvation (he didn’t say, but we’ll assume RezOvation GT, at this point). The steps given here are specific to RezO GT, but the basic approach is the same for any booking engine. The primary difference is the way you would enable GA tracking and Ecommerce tracking on your booking engine.
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BBOnline Improving? Dubious for Most
Our recent posts wondering if our observed improvement in the number of referrals from BBOnline was a sign that the troubled directory was returning to its former status as one of the higher referring directories turns out not to have statistical support across the board.
Far too many properties are seeing numbers that still appear to be in free-fall. We asked other innkeepers to provide stats showing traffic changes for specific dates (just so we would all be looking at the same numbers).
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BBOnline Update
Following last week’s post about a possible recovery for BBOnline, we received a few emails with stats from other properties.
So far the results are about evenly split, half the properties reporting have seen an increase in traffic from September 1, 2012 through April 15, 2013, similar to our own, while the other half have seen referrals from BBOnline continue to decline.
That said, the jury is still out, as we need more data to determine whether anything meaningful is going on.
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BBOnline – Could Things Be Looking Up?
Is there any new information on the decline in traffic from directory BBOnline? We’ve been interested to see if traffic from BBOnline has improved over time, since the huge decline observed beginning in November, 2011, and lasting about a year. If you haven’t see the earlier discussion of the lost traffic (up to 90% drops, in some cases), just click on the “Directories” tab at the top of the page.
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Google Analytics – Climbing Higher
At the end of January we gave two presentations on Google Analytics for innkeepers at the PAII (Professional Association of Innkeepers International) annual conference in Las Vegas. Last week we provided the presentation called “Getting Started with Google Analytics“. This week we’ll wrap it up with our other presentation, Google Analytics – Climbing Higher.
In this presentation we’ll look at Ecommerce Tracking, Goals, Multi-Channel Funnels, and a custom dashboard for a quick overview of the performance of paid listings.
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Year End Review: Cutting through the cobwebs
[Updated, December, 2014]
In our previous posts, we’ve talked about organizing a year end review of your bookings and about the information that will help you identify guest booking trends and stronger or weaker performing rooms, providing an outline of the information you can track (or should start tracking) to prepare you for next year’s review. In this concluding post we’ll talk about a year end review of web analytics, specifically emphasizing paid listings.
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Year End Review: Who’s Naughty or Nice?
The first part of this series discussed the sources of information for our year end review. In this post we’ll look at ways you can “drill down” in the information you have to learn more about the year’s performance. If you haven’t been keeping records that will give you the information, we’ll talk about how to get started keeping those records.
We’ll look at two different areas for our year end review.
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Year End Review: Making a List
Wouldn’t it be nice to do a year end review of the year’s bookings and see if there are areas that can be improved? As the calendar year draws to a close, our natural tendency is to take a look at how we did this year. But what will give you that information? Most of us will look at total revenue, total number of room nights sold, and perhaps one or two other statistics, and then hope we’re on track and getting better.
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BBOnline Traffic Results Confirmed
Last week’s post, examining whether or not BBOnline’s staff had been able to rectify the huge drop in referrals and bookings after their site redesign a year ago, observed that more information was desirable, reflecting the results of other properties.
In the comments, Sarahprovided some information, indicating a similar drop of 61.4% in traffic, noting that others had increased, while some had dropped slightly, but BBOnline’s drop was the most significant – by a lot!
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BBOnline – Bouncing Back? Or Not?
Last April we first posted our concerns about the sudden drop in traffic from BBOnline to our Bed & Breakfast in Freeport Maine. Our traffic had dropped 95% for the first several months of 2012 compared to the same time frame in 2011. Other innkeepers reported similar drops.
We followed up that article with another, detailing concerns about an email response to our inquiriesabout the traffic drops, then a third article about a more encouraging telephone response from BBOnlinestaff.
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Comparing Directory Performance at a Glance
Last week we talked about how goals in analytics are used in Multi-Channel Funnels to show you how referral sources can be sending value (including bookings), that doesn’t always show up in the standard analytics reports. This week we’ll take a different approach, and look at creating a Dashboard designed to give you, with only a quick glance, an easy way of comparing online directory listing performance.
From the start, we want to emphasize a word of caution – we are not suggesting that this dashboard will replace a more in-depth comparison of online directory performance, or that it should be used instead of the Multi-Channel Funnel approach from last week’s post.
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Why You Need Goals in Google Analytics
With all that is written about Google Analytics on a daily basis, it is hard to imagine the some businesses still question the need for tracking goals in Google Analytics. Yet they do just that.
Recently we were asked to justify why a small bed and breakfast should bother setting up goals in Google Analytics. Our cynical side struggles to keep from answering that you don’t need them – so long as you don’t want to know which sources are sending website visitors who click certain things, visit certain pages, buy certain products, book their stay, or view certain videos.
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What Does Page Value Mean in Google Analytics?
A few weeks ago Google Analytics announceda new measurement (metric) called Page Value. Actually, it is an old metric, that had disappeared for a while, and was now reappearing, in a new and improved condition, but that really isn’t the point. What is Page Value? What does it mean? Does it tell innkeepers anything useful?
The Google Analytics blog post on Page Value (linked above) details the history and calculations of Page Value, for those who are interested.
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Online Booking Software Prices: Part Two
Last week we looked at a survey by BedAndBreakfast.com, apparently designed to help it determine new prices for its online booking software products. Depending on the number and kind of bookings you take, the proposals could be better, or significantly worse, for your property. This week we’ll look at other ways vendors set online booking software prices.
One thing is for sure – no matter how the survey BedAndBreakfast.com is conducting turns out, the results will be very suspect.
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BBOnline Responds to Traffic Drop – And Seems to Care!
Several weeks ago we posted our concerns over the significant drop in BBOnline traffic (referrals) following their site redesign late last year. When we heard from BBOnline, the response was disconcerting, so we posted further concerns.
More recently online innkeeping forums (both public and private) have had active discussions about the drops in BBOnline traffic to inn websites. Significantly, while the exact amount of traffic loss varied from inn to inn, no innkeepers reported gains or traffic staying constant from year to year.
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Is Social Media Worth It for Small Businesses?
Transitioning from our recent posts on measuring social impact with Google Analytics and Using Google Analytics’ Multi-Channel Funnels, we presented a webinar for the Professional Association of Innkeepers International (PAII) discussing ways to measure the results of using social media, and tools to help make the best use of your time. The presentation is below, with general commentary (not a transcript) below.
What is our objective?
Without defining a goal for social media, we can’t really tell if it is of any value.
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Google Analytics - What Should Innkeepers Track?
We recently saw an innkeeper commenting that they were overwhelmed by all the things to look at in Google Analytics – too many choices, and no clear idea of which were the important things for them. When you can’t devote the day to studying the data, what do you really need to know, and how can you focus on that quickly and easily?
Google Analytics is a powerful tool – no question about it.
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How to Evaluate Your Paid Listings in Five Minutes or Less
Segment Everything
Google Analytics ninja Avinash Kaushikpoints out the value of Advanced Segments, saying, “Segment everything.” This is great advice, and it is the approach we will use to clarify the results we see from our directories or paid listings. Here are the steps to follow:
Log in to your Google Analytics account, and click the Advanced Segments button near the top left.
To the bottom right of the new section which appears is a button reading “New Custom Segment” – click it.
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Pinterest: Not Just YASN (Yet Another Social Network) for B&B’s
We’ve been hearing a lot of buzz about Pinterestlately, but surprisingly little of it comes from within the Innkeeping community. I say it is surprising, because Pinterest seems almost as if it was made for innkeepers – it is easy to use (we jumped in for our Freeport Maine B&B, and were happily pinning awayin minutes), plentiful graphics grab the attention of the visitor, and it is so addictive that users stay connected for a long time.
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Getting the word of mouth recommendation
Closing the circle in this series on the process guests use to book lodging properties is what WIHP Hotel Marketingcalls the Second Moment of Truth – the arrival of the guest at your property. We have already discussed the four-step booking decision process, how the guest becomes aware of your property (the Discovery or Stimulus step), how guests make the decision to visit your website (the Zero Moment of Truth), and the process of deciding to book with your property (the First Moment of Truth).
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Conversion - Turning Website Visitors into Guest Bookings
This is the fourth article in a series examining how B&B guests proceed through the decision process for booking a stay. Based largely on research from WIHP Hotel Marketing, the first article describes the four-step process for booking, the second describes how a guest discovers your property, and the third examines how to provide information to get the guest to your website. This article discusses how to get the conversion – to capture the booking – once the guest has come to your site.
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How to Provide the Information Guests Want
Our first post in this seriesprovided an overview of how guests find and book a lodging property, based on research from WIHP, a hotel marketing agency. The four step process assumes the future guest has selected a destination area and then proceeds through the steps of (1) discovery of a particular property, (2) seeking information about the property to see if it is a good prospect (the zero moment of truth), (3) the guest on your website (the first moment of truth), and (4) the guest at your property (the second moment of truth).
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Helping Prospective B&B Guests Find You
In our previous post we introduced the four step process (identified by WIHPa hotel marketing firm) of a guest finding, and staying at, a lodging property, then feeding the beginning of the cycle again by telling others. In this, and the next few posts, we will break down the components and see how you can more effectively help future guests find you.
As a refresher, the four steps are
Discovery or stimulus (where the guest learns of a hotel and gets interested) Zero moment of truth (the guest begins to research the hotel) First moment of truth (guest finds the hotel website and begins to determine if this is what they want), and Second moment of truth (guest arrives at the property and is either happy or disappointed – which will sometimes result in that reaction being shared) We’re going to focus on the first topic in this article: How does a prospective guest discover your lodging property?
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Attracting Guests to a Bed & Breakfast - The Process
A few of you may have noticed that we seem to have taken a bit of a hiatus over the past several weeks. In fact, our Freeport Maine Bed & Breakfast had a very busy summer, and there wasn’t much time for About the Inn writing. Now that our busy summer and fall foliage seasons are behind us, it appears things will be back on a more even keel, and we hope to be able to publish more regularly.
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Facebook: Beyond the Basics - How to engage, optimize and measure
The Maine Innkeepers Association Educational Seminar for April, 2011, was held on April, 28, 2011, and the subject was Social Media – Beyond the Basics. We gave a brief presentation on Facebook: Beyond the Basics, emphasizing engagement and mentioning, to a lesser extent, optimization and measurement. Here is the video (transcript below):
Transcript:
Hello, this is Scott from AboutTheInn.com. This is a short presentation from on using Facebook, that’s beyond the basics from an event on Social Media put on by the Maine Innkeepers Association that was held on April 27, 2011.
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Value or Discount? What works and why
Groupon, Living Social, Woot, SmartBargains, Name Your Own Price, Cheap Fares, Last Minute Deals, Bargain Travel, and the list goes on and on. Whether we like it or not, we’re all influenced by things around us, and the loudest voices in marketing at the moment are those screaming “Get [whatever you want] at a discount.”
Value vs. Price?
We came across an article a few days ago that really brought this home.
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Where do bookings come from?
Instead of re-writing the article, we will simply mention and link to the great informationprovided by our friends at Acorn Internet Servicesshowing a comparison of statistics on bookings from before there were Google Place Pages and currently, and also noting which directories produce bookings. This is obtained from Acorn’s customers who use Acorn’s Intell-A-Keepertracking software.
We will comment more on this topic before long.
Enjoy this useful information!
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Irresponsible Giants in the Travel Space
Not so many years ago, as the use of the internet technologies was maturing, there was a lot of talk about the leveling of the playing field, allowing the smaller businesses to compete with the larger. You don’t hear so much about that, these days. As businesses of all sizes have turned to internet marketing and social media to build relationships with customers and potential customers, the scales have reverted to the same imbalance as in traditional marketing.
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Re-thinking bed & breakfast marketing
Amid all the frenzy of keeping up with Twitter and Facebook and now Foursquare and YouTube and Blogging and sorting out which directories to list on, and responding to the never-ending flow of emails from directories telling you to hurry and post your latest specials for this month, your latest photos, your latest hot deals, your best recipes and oh, yes, did you remember that you actually have a business to run?
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Tracking Reservation Sources
A few months ago we wrote about the importance of tracking the sources of reservations, and mentioned that we would be testing the Intell-A-Keeper software available from Acorn Internet Services. While the high season bookings will get busier in the coming weeks, we thought it was time for an update on that process.
The results are both interesting and enlightening We have been using Intell-A-Keeper (IAK) since January, and find that the results are both interesting and enlightening.
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Google Places for small lodging properties
Today Google announced its new “Google Places” program– which is a new name, and several new aspects, for its Local Business Center. While many things will remain the same, there are some important new additions being rolled out gradually. These could have quite an impact on businesses – especially smaller lodging properties.
A few weeks ago Google signaled the beginning of this change, by calling the Local Business Center listing a Place Page.
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Create a simple application to take bookings from your Facebook page
This post describes a Facebook app that uses FBML, which is no longer permitted for new apps on Facebook. The updated post, using static iframes, is located here (posting June 5, 2012).
Some innkeepers frequently question the value of social media, especially Facebook and Twitter, as being too time-consuming, all entertainment, annoying, or simply not producing any return on the time invested. We recently came across an idea from a large hotel chain that many bed and breakfasts can put to work immediately.
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Analyzing Analytics - Analytics for Innkeepers
Recently I had an opportunity to chat with a number of innkeepers about using analytics on their web sites. I wassomewhat surprised that there were so many who were not using any type of analytics program, and of those who were using it, I was surprised how many were unsure of what it could do for them, or how to do more. We talked primarily about Google Analytics, but discussed others, as well.
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Winning the Battle of Online Marketing Chaos
A recurring concern that I hear from innkeepers is how to understand all the different online marketing opportunities, and how they can be used profitably.
Though the conversation often starts with Facebook or Twitter, it also encompasses other social sites such as MySpace, Plurk, and many other communities. It also includes YouTube, Vimeo, and other video sites, WordPress, Blogger and other blogging sites, delicious, StumbleUpon and other bookmarking sites. The list can go on and on.
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Tracking Online Bookings
Our recent post on evaluating online directories briefly mentions the difficulties in accurately determining where a guest has found your property. Yet how to track the source of bookings is one of the most frequent questions prompted by that article.
At our B&B (Brewster House Bed & Breakfast, in Freeport, Maine), we have used Google Analytics to track online bookings, and have attempted to ask every guests who books by phone where they located us, to add that data into the mix.
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Selecting Online Bed & Breakfast Directories - Part 2
Most Bed and Breakfast owners realize they need to list their property on more than one directory, so this series (Part One can be found here) does not intend to present a magic formula for finding the one listing that will solve all problems. The objective is to present some guidelines to help evaluate any directory in determining whether to begin listing with them, or to continue listing with them.
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Selecting Online Bed & Breakfast Directories - Part 1
As innkeepers we receive solicitations from online directories almost daily. In addition, there are many well-known directories that we feel we should (perhaps we must) be on. It seems that everyone wants your money, yet there are no guarantees of any return, just a lot of salesmanship about how important it is that you be on this directory. Which should you be on? Which can you ignore? Is it a question of cost, alone?