How to Use Pricelabs Dynamic Pricing Software for Your Airbnb

[@testbrandaccountonbusine-ck3di]

Great video. Do you have any videos where you go through how you do it for your properties, instead of explaining how we 'can' do it? That would be epic. Thanks again!

[@james.svetec]

Not on KZbin but we've got a few of those in BNB Tribe (and can also walk you through the setup for your properties if you join the Tribe!)

[@robertcoffey-r6q]

How do you establish a base price point for your property if your new to the business and have no prior data. Also how do you determine the low and high seasons again with no prior data?

[@james.svetec]

I recommend pricing manually for at least a couple months to get the feel for it, and THEN move over to a pricing automation tool

[@petersimpson8563]

I understand you’re basing your prices comparing to other five bedrooms that’s very similar to Airbnb smart pricing however how are you comparing per location? Based on popularity based on centralized location?

[@petersimpson8563]

In my opinion to get a full diagnostic on this, Price behavior should be carefully assisted by location. The ones that are getting booked are either very cheap and that’s how they’re winning the bookings or their location is winning the bookings that needs to be taken into account in my opinion

[@james.svetec]

That is all taken into account by PriceLabs. You also need to know how to use the tool properly in order to get the most out of it.

[@wadecollier4757]

I love your videos and want some coaching for Pricelabs and a few other techy tools (using now). I know you have some courses, but I don't want to co-host or grow with adding more properties. I just want to optimize and have a better understanding to manage my 3 properties. I would appreciate you reaching out to me if you have a certain coaching course.

[@james.svetec]

Hey Wade, sounds like BNB Tribe will be exactly what you're looking for! bnbmastery.com/bnb-tribe/

[@bryandaley5738]

BNB sets their own parameters. So how do you override the BNB settings?

[@kellibroadfoot64]

I would love assistance maximizing our booking opportunities. Your video was very helpful!

[@james.svetec]

Check out BNB Tribe! Would love to help you out! Https://bnbmastery.com/bnb-tribe/

[@anto-k9t]

Good work Jame. Is it ok to take the recommendation from pricelabs for base price?

[@james.svetec]

I don't personally recommend that approach. I've found it to be more effective to price the property manually for a bit, get to know the going rates, and then implement PriceLabs and set your own base rates.

[@anto-k9t]

@@james.svetec How can you find by yourself the ideal base price? What is the best way?

[@james.svetec]

@@anto-k9t unfortunately there’s no “easy” answer for this. My recommendation is to manually price the property with the right tools and training for 3-6 months so that you can dial in your base price.

[@e.b5237]

Hi Dude, would love to do a quick call with you and get some tips on how I could maximise. My property is quite busy but I want imrove my pricing a little

[@james.svetec]

Have you checked out BNB Tribe? Would be perfect for what you need: bnbmastery.com/bnb-tribe/

[@vivianoboh-benjamin5944]

Hello there, are you in need of a co- host to help manage your property better, I am the person you need👍

[@Muslimoftheuniverse]

How do select a good base price?

[@james.svetec]

I recommend pricing manually in the beginning so that you have the experience to set a good base price. Otherwise you'll have a hard time getting the most out of a pricing software.

[@michaellynch7942]

Nice!