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	<title>Comments on: Meet LiveRez - The Secret Sauce Behind All Star Vacation Homes Success</title>
	<atom:link href="http://blog.flipkey.com/2007/11/01/meet-liverez-%e2%80%93-the-secret-sauce-behind-all-star-vacation-homes-success/feed/" rel="self" type="application/rss+xml" />
	<link>http://blog.flipkey.com/2007/11/01/meet-liverez-%e2%80%93-the-secret-sauce-behind-all-star-vacation-homes-success/</link>
	<description>Expanding the Vacation Rental Market Through Insight and Community</description>
	<pubDate>Sun, 18 May 2008 18:10:04 +0000</pubDate>
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		<title>By: FlipKey Blog - Expanding the Vacation Rental Market &#187; Blog Archive &#187; FlipKey's Top 10 Vacation Rental Blog Posts of 2007</title>
		<link>http://blog.flipkey.com/2007/11/01/meet-liverez-%e2%80%93-the-secret-sauce-behind-all-star-vacation-homes-success/#comment-732</link>
		<dc:creator>FlipKey Blog - Expanding the Vacation Rental Market &#187; Blog Archive &#187; FlipKey's Top 10 Vacation Rental Blog Posts of 2007</dc:creator>
		<pubDate>Fri, 11 Jan 2008 19:17:53 +0000</pubDate>
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		<description>[...] 4. PickPackGo Launches New Listing Service - How My Home Listing Got Poached  [...]</description>
		<content:encoded><![CDATA[<p>[...] 4. PickPackGo Launches New Listing Service - How My Home Listing Got Poached  [...]</p>
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		<title>By: Doug</title>
		<link>http://blog.flipkey.com/2007/11/01/meet-liverez-%e2%80%93-the-secret-sauce-behind-all-star-vacation-homes-success/#comment-251</link>
		<dc:creator>Doug</dc:creator>
		<pubDate>Sat, 10 Nov 2007 13:26:32 +0000</pubDate>
		<guid isPermaLink="false">http://blog.flipkey.com/2007/11/01/meet-liverez-%e2%80%93-the-secret-sauce-behind-all-star-vacation-homes-success/#comment-251</guid>
		<description>Heather,

Joe hits the nail on the head. Steve never said "there is the likelihood of no human contact taking place"  The key distinction is that there should be contact before the *stay* (just not *before* you've taken their money). Who knows, it might be a frat party or something else you don't want in a home of yours which is why you call right away after the reservation. However, after you have gotten them to stop shopping around (which is what they continue to do if they simply make an inquiry...that is why the lead closure ratio is poor for most of us), you call them to confirm the reservation. That is the start of a great personal relationship with the guest and better yet, it's the opportunity to upsell them on other services you offer. My experience is that certain things sell better online (e.g., travel insurance) whereas others sell better via human-human contact (e.g., excursions where the reservationist can share their expertise).

The old-school attitude of thinking you have to speak to someone before a *reservation* (as opposed to before the stay) costs property managers a boatload of business. Visionary managers like Steve are laughing all the way to the bank while others are stuck in the old-school. I bet if you did a survey of Steve's guests vs. Heather's there'd be no difference in "personal relationship &#38; customer service" but that Steve's look to book ratio is double Heather's.

I have a favorite quote that applies here
The 3 Stages of Truth
Arthur Schopenhauer (German Philosopher)
First, it is ridiculed
Second, it is violently opposed
Finally, it is accepted as self-evident

Steve's success has proven that the "truth" of online bookings is self-evident but many managers are still in the 1st or 2nd stage. I don't think that it's a coincidence that several VRMA booths featured Steve's business as well as a few of the general presentations. I left VRMA a convert. It's terrific that Steve is willing to share his success with others. We'll all benefit if our collective level of service and sophistication approach the hotel business.</description>
		<content:encoded><![CDATA[<p>Heather,</p>
<p>Joe hits the nail on the head. Steve never said &#8220;there is the likelihood of no human contact taking place&#8221;  The key distinction is that there should be contact before the *stay* (just not *before* you&#8217;ve taken their money). Who knows, it might be a frat party or something else you don&#8217;t want in a home of yours which is why you call right away after the reservation. However, after you have gotten them to stop shopping around (which is what they continue to do if they simply make an inquiry&#8230;that is why the lead closure ratio is poor for most of us), you call them to confirm the reservation. That is the start of a great personal relationship with the guest and better yet, it&#8217;s the opportunity to upsell them on other services you offer. My experience is that certain things sell better online (e.g., travel insurance) whereas others sell better via human-human contact (e.g., excursions where the reservationist can share their expertise).</p>
<p>The old-school attitude of thinking you have to speak to someone before a *reservation* (as opposed to before the stay) costs property managers a boatload of business. Visionary managers like Steve are laughing all the way to the bank while others are stuck in the old-school. I bet if you did a survey of Steve&#8217;s guests vs. Heather&#8217;s there&#8217;d be no difference in &#8220;personal relationship &amp; customer service&#8221; but that Steve&#8217;s look to book ratio is double Heather&#8217;s.</p>
<p>I have a favorite quote that applies here<br />
The 3 Stages of Truth<br />
Arthur Schopenhauer (German Philosopher)<br />
First, it is ridiculed<br />
Second, it is violently opposed<br />
Finally, it is accepted as self-evident</p>
<p>Steve&#8217;s success has proven that the &#8220;truth&#8221; of online bookings is self-evident but many managers are still in the 1st or 2nd stage. I don&#8217;t think that it&#8217;s a coincidence that several VRMA booths featured Steve&#8217;s business as well as a few of the general presentations. I left VRMA a convert. It&#8217;s terrific that Steve is willing to share his success with others. We&#8217;ll all benefit if our collective level of service and sophistication approach the hotel business.</p>
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		<title>By: Joe Stegemiller</title>
		<link>http://blog.flipkey.com/2007/11/01/meet-liverez-%e2%80%93-the-secret-sauce-behind-all-star-vacation-homes-success/#comment-245</link>
		<dc:creator>Joe Stegemiller</dc:creator>
		<pubDate>Mon, 05 Nov 2007 05:33:05 +0000</pubDate>
		<guid isPermaLink="false">http://blog.flipkey.com/2007/11/01/meet-liverez-%e2%80%93-the-secret-sauce-behind-all-star-vacation-homes-success/#comment-245</guid>
		<description>This is a very insightful interview.  I hear Steve loud and clear and I think that Heather might not grasp what Steve was saying.  The process only makes it impersonal if you never call the traveler or booking group back.  At midnight when someone is ready to buy I would rather give them the opportunity to initiate the booking process and at least hold a property they want rather then making their only option be to send us an email.  The traverler then runs the risk of the property not being available when we get back to them and the PM risks the fact that the traveler may make other arrangements in the meantime.</description>
		<content:encoded><![CDATA[<p>This is a very insightful interview.  I hear Steve loud and clear and I think that Heather might not grasp what Steve was saying.  The process only makes it impersonal if you never call the traveler or booking group back.  At midnight when someone is ready to buy I would rather give them the opportunity to initiate the booking process and at least hold a property they want rather then making their only option be to send us an email.  The traverler then runs the risk of the property not being available when we get back to them and the PM risks the fact that the traveler may make other arrangements in the meantime.</p>
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		<title>By: Heather</title>
		<link>http://blog.flipkey.com/2007/11/01/meet-liverez-%e2%80%93-the-secret-sauce-behind-all-star-vacation-homes-success/#comment-244</link>
		<dc:creator>Heather</dc:creator>
		<pubDate>Sun, 04 Nov 2007 11:54:30 +0000</pubDate>
		<guid isPermaLink="false">http://blog.flipkey.com/2007/11/01/meet-liverez-%e2%80%93-the-secret-sauce-behind-all-star-vacation-homes-success/#comment-244</guid>
		<description>This was a great interview. However I felt that Steve misinterpreted the question below:

"Q: We often hear from vacation rental managers "we have to talk to travelers before we'll let them book our properties" as they often have unique properties and/or they say consumers want to talk with someone before they book a property. It sounds like you have a different view. "

His response focused on the rental client, rather than the vacation rental manager viewpoint. From my perspective, both as a vacation rental home owner and a rental management company, the online booking process makes the transaction impersonal, and doesn't give the owner any insight into the rental group. To me there is a vast difference between booking a hotel room and a vacation home. I do understand what Steve was saying about the 'painful nature' of the booking process, but am not sure online booking - where there is the likelihood of no human contact taking place, is the right way to go.</description>
		<content:encoded><![CDATA[<p>This was a great interview. However I felt that Steve misinterpreted the question below:</p>
<p>&#8220;Q: We often hear from vacation rental managers &#8220;we have to talk to travelers before we&#8217;ll let them book our properties&#8221; as they often have unique properties and/or they say consumers want to talk with someone before they book a property. It sounds like you have a different view. &#8221;</p>
<p>His response focused on the rental client, rather than the vacation rental manager viewpoint. From my perspective, both as a vacation rental home owner and a rental management company, the online booking process makes the transaction impersonal, and doesn&#8217;t give the owner any insight into the rental group. To me there is a vast difference between booking a hotel room and a vacation home. I do understand what Steve was saying about the &#8216;painful nature&#8217; of the booking process, but am not sure online booking - where there is the likelihood of no human contact taking place, is the right way to go.</p>
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