Hi Bree,
I only shared the statistics that I have readily available. I understand that some B&B's see less than this, some more - these numbers were averages and that is the nature of them. I tried to make clear in my post that I thought this sample size was biased as well based on the number of listings I saw in other directories. Ultimately it should be based on ROI as we've said. If you get more than $1 back for every dollar in, then that is a positive.
I'm curious though - do you have conversion numbers? If your booking engine supports it, you can setup Google Analytics to tell you exactly how many bookings and for how much money each is come from any referring website.That is ultimately more important than traffic.
What sticks out to me in your numbers is that we seem to be driving at least 6-10X more than iloveinns is driving, yet we are only 1.8X their least expensive listing with a link to your website, and Inns.com - which is driving as much traffic as iLoveinns is included in our price. This doesn't even take into account whether or not our traffic spends more time on the website or better converts into bookings - both of which we tend to see. How do you feel about their price-to-traffic ratio?
It seems innkeepers would be happy if all of the directories delivered a similar price-to-traffic ratio, or even better a similar price-to-bookings/revenue ratio, although with 7,000 inns so geographically dispersed, it would be hard to do. I do think that really does gloss over a lot of things though - like time on site, convversion to bookings, etc. - all very important things.
Each directory has different strategies and benefits for your membership dollars that may or may not lead to direct traffic, but may lead to exposure. Don't take this as promoting please, but your membership dollars on BedandBreakfast.com also includes participation in our contract with Google where we feed them every B&B including geo codes and url's so all of our B&B's show up in local. We've had this with them for three years now - it doesn't result in extra traffic through our directory, but it is a great benefit. We also do a recipe feed with them whereby we include ik recipes, and you all know we feed them consumer reviews. There are others as well - we feed every property now to Vast.com, ASU Travel, LA Times, and will soon be live on Away.com, Uptake, and Realtrips. So you as a property need do nothing more - we put your listing up on all of those sites. I believe this is something we do that differentiates us, and it takes quite a bit more effort.
Again, please don't take this as promoting our site - I am merely trying to demonstrate additional value beyond traffic stats you get for the $349 you are paying. If you are questioning the "why" it costs $349, then it would help to know the "what" comes along with it..
Getting back $1 for every $1 paid is not good business.
Yes, the traffic from iloveinns is much lower than the traffic from you and, yes, if I don't make that money back this year I will drop them (easy as that). The reason I kept them this year is that they did deliver the bookings even tho the traffic is low. They actually had a better booking % than you do even if the traffic is low. It seems the traffic was 'better'. ie- they sent, say, 10 visitors to the site and of those 10 visitors, 2 booked 5 room nights each. Whereas I get more referrals from you but they book fewer room nights. (Last year's numbers, which I based my renewal on.) This is also the reason I dropped Lanier...the referrals were poor. Running something like 60% bounce rate when i decided not to renew. Obviously the clientele using her site were looking for something I am not, whatever that is.
You send good referrals. I get a decent return on the number of lookers to the number of bookers. Around 6%. Only the local site and the state site beat that. The local site is 4x your price and they are on the chopping block this year because they are not returning the investment 10 fold. It's tough to cut them, tho, because it supports the local economy. The state site is free. Can't beat that.
But, the real comparison is not iloveinns but with bbonline and bnbfinder which you did not comment on at all. Each of them are returning at least the 10:1 ratio I am now fixated on. From bnbfinder perhaps not so much in referrals from the website but in referrals from the radio show and other marketing they do that I have been featured on.
I have not set up goals on Google as the majority of my bookings are still via phone or email. Or a combo of the 2 with guests calling me and then booking online at my website later on or repeat guests who just call because they like to talk to us. Many guests who call do not even know I have a website. Still need to nail down where they get the phone number. (I'm guessing Google Local at this time. BTW, if you are responsible for some of my competition being listed 2x on Google maps, maybe it's time to review how the addresses are pushed thru to Google.
)
But, I obviously do need to set some sort of goal tracking on there to get a feel for what the real numbers are as everyone knows guests look at so many sites they usually just quote the one they remember or are looking at at the time, even tho the site that caused them to call is long forgotten.
The reason I think the numbers are 'close' and I think they are valid is that they follow a general trend in the ratio of site referrals.
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