Three Great Reasons to Start a Vacation House Swap Business
Business Overview:
Starting a vacation house swap business is an excellent way to offer a much needed service while building your own low maintenance business. House swapping is the practice of trading homes with another homeowner and in any economy, this practice is cost effective and wise on many levels. Similar to house sitting, you would let a vacationing couple or family stay in your house and you would stay in theirs. But how do you find homes available for swapping? Build a website and offer memberships that allow your clients to list their homes and find homes available in places they are looking to visit on vacation. Using a service like this would easily save a family thousands of dollars on hotels during their stay. This is one of the most helpful business ideas available. The Internet makes this type of service simple to operate from your home or anywhere in the world. There is competition, however, so you should look into offering vacation house swaps in a certain niche to attract more people in one target market. You might concentrate on offering only “green” homes, homes that allow pets, homes that are adults-only or offer wheelchair access. Chances are a family who lives in a green home would enjoy (and prefer) to stay in another green home while on vacation. It’s a lot like a dating service; you’re just matching up people based on their needs and charging them a monthly membership fee. The best part about this online business idea is that once your site is up and running, your membership will grow and you will make money automatically from monthly membership fees. How and where you advertise your site will depend on your target market. If your market is people with children, consider putting ads in magazines and on websites like Parents and Cookie. You’ll find that once a couple or family uses your house swap service and has a great vacation, they will come back again and again which means continued monthly payments and an income with very little day-to-day work on your part.
A Day in the Life of a Vacation House Swap Business Owner:
Your day will begin with a check of your website to see if any new members joined. You will check user comments to see if a problem needs to be addressed or if you have an unsatisfied customer that you need to contact. Since you only make money when members keep paying, you will need to have excellent customer service. You will spend most of your time looking into new ways to advertise your business.
About Your Customers:
Your customers will be couples and families looking to trade homes for vacation. They will pay you a monthly membership fee to gain access to your members and their home listings.
What You Need to Start:
- Business plan
- Website
- Marketing plan
- Computer with finance software
The Good:
- Once it’s up and running, your website will do all the work for you.
- This is such a money-saver for your customers, they will be happy to pay a higher monthly fee to have access to a greater number of homes that meet their needs (pet friendly, for example).
- Startup costs are low.
- You can easily run this business part-time and from home.
- It is rewarding to offer such a valuable service and hear from satisfied customers.
The Bad:
- It’s a competitive market so you will need to set yourself apart.
- It may take some time to build up your membership.
Resources:
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