Then, there’s that whole chain of the business world in between those two endpoints. The farmer grows the wheat sells it to the miller, the miller makes the flour and sells it to the baker, the baker makes the bread, and we buy it and eat it. Maybe there’re a few shops along the way, a wholesaler or two, but that whole process between the farmer and us is business-to-business transactions – B2B or intermediate goods. The people who do the B2B selling knock on the door of potential buyers to see what they want.
Websites need constant monitoring, updating, and upgrading if you want them to continue to deliver bookings. However, you save a lot of time, pain, and money by using a website builder provided by a hotel industry tech company. Any business can be profitable, and of course that’s the ideal goal. Hopefully by providing an exceptional guest experience and becoming popular, your property can achieve profit through the right management and strategies.
Promote your destination, not just your property
This way you can sense any chances to create a niche for yourself and continue attracting regular business. Before you operate, you need to make sure your business is fully legal and safe. It’s likely that being online will help you more than any other tactic. Yes, in some countries and regions there are grants available for aspiring bed and breakfast operators. You’ll need enough cutlery, plates, glasses etc for all your guests plus some in reserve in case of damages. Then you’ll need to fill out the spaces with furniture and make sure all your painting is up to scratch.
While travellers expect traditional check-in times during the late afternoon and check out times in the late morning, this is not always convenient for the modern guest. As a B&B operator you have the unique opportunity to offer personalised service and allow guests to select a check-in and check-out time that works for them. Social media is one of the key windows to the world beyond your B&B. It’s a great marketing tool and it can expand your reach with very little financial investment. Today’s travellers, particularly millennials, want to be connected on social media so don’t deny them the option. The industry is starting to catch up to the times and you can be sure that your competitors are a part of the group that is going online to find new guests.
Marketing Tutor
Travellers want experiences and they are looking for help and guidance on what to see and do locally. Any property with five rooms or more is too much to take on without help. When you decide you do need someone to help you run your B&B, it doesn’t mean it’s easy to find the right person. It’s best to give yourself a few choices and narrow your decision down to more than one option. Then you can compare the revenue opportunities for each respective property.
Whether it is health, disability, life or insurance for the business or loans, it is important to protect you and your family in case you can no longer work. Without some upfront capital it’s going to be hard to get off the ground, even if you have inherited a suitable property. These are just a few examples but they will help give you a good idea of what you’re in for. Your loved ones will need to be your best and biggest supporters on your new venture, particularly if they are living in the space that you are going to transform into a bed and breakfast. It takes a lot of drive to run a bed and breakfast, and that can only come from within.
ตัวอย่างธุรกิจ Business to Business ในไทย
Also, service-based B2B companies are easier to set up and run compared to product-based B2B businesses. While these service-based B2B companies could have an online or physical presence or both, it depends on the service that the company provides. It provides marketing consultancy services to other businesses to improve their marketing reach and strategies. Buyer centric is a type of model where different companies set higher purchase prices for buyers. Then the marketers and sellers of different companies approach buyers with different offers and packages, that how their quotation would serve them better.
- Obviously these are required by law and could save your life or the life of your guests.
- Perhaps you’re buying land to build one, or turning your own home into one, or purchasing an existing property.
- Maybe as long as you are receiving strong reviews and keeping your head above water you’re happy, or perhaps you want to be an award winning property.
- The B2B ecommerce sector was one of the fastest-growing industries of 2018 and in March 2019, it breached the trillion-dollar mark.
- So make sure you build these types of costs into your budget right from the start.
Pros and cons of owning a bed and breakfast
If there are any contact details you don’t have yet, make sure you capture these so you can remain in touch with your guests. After they leave you may want to thank them for the stay, ask them for a review, invite them to stay again with a discount, or alert them to the fact they left something behind. Warm, personalised service is what they’re after while they look to relax in a quaint location and explore the surrounding area. Stay attentive to their needs and be available as much as you can in case they require assistance. See how you can easily run your B&B at the onset, manage reservations all in one place, and gain more direct bookings. Printing off brochures and putting up billboards might seem like a great idea, but what if your ideal market is actually international?
Offer flexible check-in and check-out times
Once an order is agreed upon and made, the goods or the service are usually delivered to the business. One thing to understand is that B2B is much more competitive than other selling forms. Partly because the buyers are themselves trying to make a profit, but mostly because many people are trying to make that sale.
- Some B2B transactions can be fairly simple, such as purchasing office furniture, computers, or productivity software.
- B2B or business to business is one organization selling to another, in contrast to a business selling to a consumer, which is B2C.
- One of the greatest benefits these technologies have is that they work together to keep Google happy, make your property easily accessible, and provide guests with an easy reservation process.
- If you’re getting ready to sell it’s even more important that your business is performing well.
- As long as you remain dependable and consistent, B2B loyalty is a given.
- If you don’t cover this off, it could cost you a lot of money in fines for running an illegal business.
For example, think about focusing on a particular theme or experience, like eco-friendly lodging, pet-friendly accommodations, or romantic getaways. Or at least, if you treat it like one you’ll be sorely disappointed. Starting a B&B is more of a lifestyle decision rather than a savvy business choice and you’re likely to make a real profit when you sell it. According to BedandBreakfast.com, this is the single biggest factor in determining your overall success. After all, guests are booking a room at your property for a specific type of experience that is far different than can be found at the nearest chain hotel.
For example, it could involve a wholesaler and a retailer or a wholesaler and a manufacturer. Some businesses rely on other businesses to create and manufacture the necessary components and parts to assemble and manufacture their own products. In these cases, there would often be a department or group that requires the use of a vendor’s product or service.
For a large corporation, the accounting process costs tens of millions of dollars a year and is a service sold to a B2B company. In addition, there are a number of other business-to-business services such as telemarketing, advertising, consulting, law, graphic designing, etc. Then, the companies that make these purchases can use the products or services to sell their own product or service. The two business models cover the complete business process when they bring together. B2B is mainly for those entities which sell their products to other business entities by adding value. If we talk about B2C, it is for those entities which are engaged in the sale of their products to the final consumer who is not going to resell them.
B2B transactions often occur between manufacturers who purchase materials from another manufacturer to produce their own goods. As much as being used as a description of business styles on the internet or web, this is true of the economy and world out there in general. However, if you don’t get everything right in the beginning, you could be doomed for the duration. Taking advantage of an all-in-one technology solution like Little Hotelier can help set up your bed and breakfast for success. You can use these to gain valuable feedback and also learn how to better run your business and serve your guests. You also seek out online forums and groups, since these are full of people with the exact experience you’re looking for.
If you’re selling in the spring or summer, increase the appeal of your outdoor spaces with flowers or greenery. It could very well be easier for you to leave the furnishings behind when you sell your property and it will add b to b business an incentive for buyers so it could be a win-win. The hospitality industry is an innovative and exciting industry, and there are always new ways to improve your property management strategy. Technology should not be used to replace personal interaction with your guests, but you can easily invest in technology that complements your B&B management strategy.