3 Ways to Get Good at Revenue Management

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 situationWhy there is no substitute for experience in revenue management and what blocking daily time for pricing actually looks like in practiceHow to evaluate resources and avoid learning from content that is marketing material disguised as educationWhy community accelerates learning and how to structure a mastermind with operators in non-competing marketsWhy switching between revenue management approaches too often is one of the most costly mistakes operators makeWe also talk about:The full resource library at freewyldfoundry.com including workshops, guides, podcast episodes, and blog postsWhy PriceLabs updates its tool constantly and why staying current on your pricing tool is as important as understanding the strategyWhy 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 resultsMentioned in the Episode:Freewyld Foundry workshops and guides: freewyldfoundry.com/resourcesPriceLabs resource library: pricelabs.coFree Revenue Report: freewyldfoundry.com/get-startedGet Paid For Your Pad is the #1 podcast for short-term rental operators who want to maximize revenue and run a professional business.New episodes every Monday.Subscribe on Apple Podcasts, Spotify, and all major platforms. Hosted on Acast. See acast.com/privacy for more information.