Cash In The Attic! How To Start Your Own B&B Business

Have you got a spare room that you don’t really use anymore? Maybe you could make another bedroom up in your attic if you cleaned out all the stuff in storage that’s up there? Well, why not make some money from all your extra space by starting your very own bed and breakfast business? B&Bs are incredibly easy to set up, and pretty much anyone can do it who has a spare room in their home. There are just a few other things to bear in mind as well.

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Save Up

First of all, you will need to save up a bit of cash to invest into the business. There are various things that you will need this for. For instance, your spare room might need some renovation work doing to it if you want to get a five-star rating on tourism sites. You might also want to create disabled access so that you are increasing the amount of potential customers. If the bedroom is fairly large, it could be worth making part of it into an en suite, as most travelers and tourists look for accommodation with private bathrooms.

Marketing

You need to market your new B&B once you are ready to start taking bookings. Otherwise, no one will hear about your new business, and you just won’t attract the number of guests needed to make a profit! There are multiple ways to promote a bed and breakfast business. Firstly, make sure that you are on social media websites, including Facebook and Twitter. By using the write hashtags, you can start to increase your followers and get noticed by the traveling world. You should also contact the tourist board who takes care of your local area. They will be able to advertize for you and include your B&B in their accommodation directories.

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Get Tech That Helps

Managing all the bookings you get can be quite difficult. Especially if you have no previous experience of working in the hotel or hospitality industry. Back in the day, B&B owners used to have to rely on old-school diaries and planners. However, these days there are plenty of hotel pms software that can help you keep on top of all the organizational side of your bed and breakfast. You will be able to see and manage all your bookings with just the click of a mouse!

Research Prices

To make sure you appeal to as many potential guests as possible, you need to offer all of your rooms at a competitive price. This price needs to be both affordable to travelers but should also be high enough for you to make a profit. The best way to estimate how much you need to charge is by doing plenty of market research. Do you know how much other B&Bs in your area are charging? Try to find this out, as it can give you a good idea of how much you need to price your rooms at.

Good luck with your new business!

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About Dequiana Jackson

Dequiana Jackson, CEO of Inspired Marketing, Inc., is a small business marketing coach who shows women entrepreneurs how to use solid marketing strategies to turn their life’s passion into a profitable, service-based business. Dequiana is the author of Know Your Business: How to Attract Ideal Clients & Sell More and runs the award-winning blog, Entrepreneur-Resources.net.

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