TheGM. Clear Benefits 1: Tangibles
Common problems and the solutions we offer.
In essence, we have created a new marketplace for online short-term accommodation booking with features for tackling every limitation of existing platforms. We went into the finer details elsewhere on what those limitations are and how excessively we differ from them. Here, we get straight to the point of how those differences might benefit to your rental business. Let’s waste no time.
First – tangibles, those benefits you can actually touch.
- Our vision as
source of your competitive advantage
As a
What does this mean for you? A lot…!
Being present on one platform with your closest competitors allows your listing to be exposed to their end customers too. Hotels can advertise for the guests of local hosts. local hosts can reach hostel customers and others present on-side alternatives: holiday rentals, vacation rentals, luxury resorts and backpacker hostels. The beauty of letting without boundaries is that the largest pool of consumers can be reached by everybody making it a win-win solution for all.
- Costs of use: a place where less is more
The above idea becomes even more beautiful when there is nothing to pay for using the platform. Well, almost nothing.
Use of the platform for all host categories is 2,5% plus VAT. That is lower than any other
What this means for your rental:
Bearing in mind that existing platforms charge hosts a 15% service fee (with a few exceptions) this is where the opportunities start to get very interesting. Apart from the obvious increased profit margins, it lets your listing price be more flexible compared to those of your competitors. Now you can match the booking demand by reducing the price without losing profit. In other words, you can reduce your price in moments when needing to attract bookings.
In fact,
- Reduced competition as a source of your profit growth
With competition between booking platforms growing at merciless rates, as well as the internal one between the hosts themselves, securing profit becomes an increasingly difficult task. TheGM is a new market with a predicted 30% platform growth in the first few years in terms of host and guest numbers.
What this means for your rental:
- By listing your property on a new market, you can expect notable growth of listing viewings due to newness of the platform. Put simply, guests will see your listing thirty times more often in addition to what they already see on existing platforms.
- Due to the newness and lower competition on the platform, the chances of a booking is significantly increased. In other words, it allows you to advertise away from hyper-competitive routes, benefiting from both higher rates for your accommodation and visibility on the platform. Needless to say, advertising on the most efficient platforms and cutting expenses is an absolute must of every business, not only rental properties.
- Host’s Safety: No Fear Zone Platform
Next to profit is safety: we too are hosts and take
- Photo
- Star rating based on previous host’s reviews
- Reviews itself
- Presence on social media and
- (in nearest feature) verification by a specialised agency
- ID, email, phone number of every guest registered on the platform will be checked prior to he/she can start submitting booking requests.
What does this mean for you: before accepting any booking request you will be presented with
This is especially true for hosts letting their spare rooms, sharing their houses with guests, and other categories of non-professional hosts requiring security the most. These are fundamental and inherent rights of The GM hosts. The aim- to
These are the tangible benefits of planform use allowing you to earn, save, and stay secure and competitive. However, the full extent of benefits is delivered when using the quantity benefits in conjunction with the quality benefits. Brought together, it creates what we call “The Smart Choice System” that tackles all limitations of current platforms and equips you as a host with the benefits previously unattainable elsewhere.
In the next article “Clear benefits 2: Intangibles” we will explain how TheGM protects the interests of hosts in a world where no one does so.