Airbnb

Bejako goes back to school for a push

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I went back to school today. For the first time in 10+ years, I sat in class, behind a desk. With a bunch of other little idiots next to me, I listened to a smiling teacher as he pointed to his chest and said, “Me llamo Rubén. ¿Cómo te llamas?”

This went on for the better part of four hours, from 9am until 1pm.

For four precious hours, we went through the elementary particles of the Spanish language, presented at a snail’s pace. For four hours, I practiced saying the same damn things a million times to various Italians, Germans, and Greeks who were in the class with me.

You might have your doubts that this is an effective way to learn a language.

I have reasons to believe it will be useful.

And in any case, I’ll only do it for this week. This time investment (and during my most productive hours!) is not sustainable for longer than that. But I figure it’s worth doing at the start to kick things off.

And this brings me to one of the most valuable ideas that has shaped how I have run my career.

For example, I got going as a freelance copywriter by charging $5 for a 7-part email sequence.

Do you think that’s a shockingly low rate? Do you think I allowed myself to be exploited?

Who cares. I did it for a week and then I increased my rates a bit. And then a week later, I increased my rates a bit more. And then a bit more still.

Point being, it’s easy to fix and improve things once you get them going. But in most cases, the getting going is the hard part.

This isn’t my idea or observation, by the way. This is something I was fortunate enough to read a long time ago in an essay by somebody very rich, very successful, and very smart. Here’s what he said:

A lot of would-be founders believe that startups either take off or don’t. You build something, make it available, and if you’ve made a better mousetrap, people beat a path to your door as promised. Or they don’t, in which case the market must not exist.

Actually startups take off because the founders make them take off. There may be a handful that just grew by themselves, but usually it takes some sort of push to get them going. A good metaphor would be the cranks that car engines had before they got electric starters. Once the engine was going, it would keep going, but there was a separate and laborious process to get it going.

The guy who wrote that is Paul Graham, a multimillionaire computer programmer who started the early-stage investing firm Y Combinator (Airbnb, Coinbase, Stripe).

Graham said that one of the most common pieces of advice they give Y Combinator is to Do Things That Don’t Scale.

Now at this point, I had a valuable caution to give my newsletter readers about Graham’s bit of advice. But I’m not including that on this public archived post. I often reserve the most valuable and important ideas for my newsletter readers. I have to reward them somehow. If you’d like to join them, and start getting my daily emails, you can sign up here.

Unique, slightly gross positioning through “whale fall”

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A whale is denser than water. When a whale dies and stops breathing, it sinks to the bottom of the ocean. It then forms something called a “whale fall.”

A bunch of shrimps, crabs, and sea cucumbers suddenly appear. Some of these creatures specialize in eating the whale’s soft tissues. Some suck the fat out of whale bones. Others colonize the whale skeleton. In short, a whale fall creates a whole new ecosystem, which can last for many years.

Do you think this could be a way to create a business?

I once read Craigslist was basically an Internet whale that sank to the bottom. When it did, a bunch of creatures crawled out and started feeding off its carcass. So Airbnb scarfed up the vacation rentals. Indeed.com sucked in the job listings. Tinder ate the “casual encounters” section.

Maybe that’s a way for you too to start a business right now. Today’s whales like Facebook and Google are becoming less popular. Many of their services don’t work well. Maybe you can peel one off, and simply do a better job.

Or if you want personal positioning, why not turn your hungry eyes toward a whale influencer?

Guys like Jay Abraham or Frank Kern have been around for a long time. Over the years, they’ve had lots of different angles and ideas. They can’t focus on all of them. So you could pick one that appeals to your appetites, chomp into it, and make it into a steady stream of nourishment.

Maybe this whale fall discussion is getting a little gross. But the basic idea is sound. Few things are new in the world. We mostly take what came before us, and recycle it to new purposes. So go forth and prosper, you ambitious sea cucumber, you.

Are you still here? I don’t have any more whale facts for today. But if you want more marketing and business ideas, click here and subscribe to my daily newsletter.

Unique, slightly gross positioning through “whale fall”

by

A whale is denser than water. When a whale dies and stops breathing, it sinks to the bottom of the ocean. It then forms something called a “whale fall.”

A bunch of shrimps, crabs, and sea cucumbers suddenly appear. Some of these creatures specialize in eating the whale’s soft tissues. Some suck the fat out of whale bones. Others colonize the whale skeleton. In short, a whale fall creates a whole new ecosystem, which can last for many years.

Do you think this could be a way to create a business?

I once read Craigslist was basically an Internet whale that sank to the bottom. When it did, a bunch of creatures crawled out and started feeding off its carcass. So Airbnb scarfed up the vacation rentals. Indeed.com sucked in the job listings. Tinder ate the “casual encounters” section.

Maybe that’s a way for you too to start a business right now. Today’s whales like Facebook and Google are becoming less popular. Many of their services don’t work well. Maybe you can peel one off, and simply do a better job.

Or if you want personal positioning, why not turn your hungry eyes toward a whale influencer?

Guys like Jay Abraham or Frank Kern have been around for a long time. Over the years, they’ve had lots of different angles and ideas. They can’t focus on all of them. So you could pick one that appeals to your appetites, chomp into it, and make it into a steady stream of nourishment.

Maybe this whale fall discussion is getting a little gross. But the basic idea is sound. Few things are new in the world. We mostly take what came before us, and recycle it to new purposes. So go forth and prosper, you ambitious sea cucumber, you.

Are you still here? I don’t have any more whale facts for today. But if you want more marketing and business ideas, click here and subscribe to my daily newsletter.

Airbnb arbitrage

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Over the past few days, been reading a lot about “Airbnb arbitrage.” It works like this:

You lease a house or an apartment.

You then put it up on Airbnb, with the landlord’s blessing (you might have to try a few landlords before finding one who’ll agree to it).

You outsource all the Airbnb work like cleaning and handling communications…

You pay your lease…

And you keep the difference.

In a typical case, with a couple of hours of work a month and $2k of startup capital, you can create $1k-$2k cash flow each month (the Airbnb earnings are typically 2x-3x what the rent is).

And since it requires practically no work, you can rinse and repeat with a second property, and a third, and fourth. I’ve read case studies of people who have a dozen or more of such cash-cow properties, none of which they own.

I bring this up for two reasons.

First, you might find it interesting to investigate Airbnb arbitrage yourself. It seems like a genuine opportunity right now if you get the details right. But as with all arbitrage, it won’t be around forever.

Second, I find this Airbnb arbitrage kind of inspiring.

I’ve read stories of seasoned property investors who are saying, “I can’t believe how well this works.”

In their mind, there’s no comparison to the traditional route of taking out a mortgage for $300k, buying a house, finding long term tenants, all for a couple hundo a month.

With the Airbnb scheme, you get about 10x the cash flow, with 1/100th of the risk, and you can repeat as many times as you want.

Same thing if you’re a wannabe entrepreneur and your goal is to create “passive income.”

The standard route to this utopia is to create an online business.

And it’s definitely possible.

But it’s unlikely that you’d be collecting $5k a month within 2 months, which is what many of the Airbnb arbitrage people seem to accomplish.

And the point of all this, to me at least, is the power of a change in perspective.

The right change of perspective opens up incredible opportunities, and eliminates a lot of struggle and hard work.

Even if you’re not interested in starting your own Airbnb empire, I think this is something valuable to keep in mind.

Anyways, the reason I’ve been doing all this reading about Airbnb arbitrage is because I’m rewriting a lead for a VSL. ​The VSL sells a course, which lays out all the details about how to do this Airbnb stuff successfully.

I won’t try to sell you on the course itself.

I won’t even try to sell you on hiring me to write a VSL for you. But if you want some advertorial knowledge, which you could use to create traffic that leads to a VSL, then check out the following:

https://bejakovic.com/advertorials/

Airbnb goes direct response

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Last December, top-flight copywriter Dan Ferrari sent out an email about big changes he was seeing in the copywriting and direct marketing worlds. One part of it was the following:

So watch as companies with products and businesses that don’t really fall into our little world of internet direct response start to require the services of people that know how traffic, copy, and funnels work online, at mega-scale.

Even what you might think of as more traditional “brand” companies (if you have a keen eye, you’ll already have noticed this is happening with companies like Samsung, Bissell, etc…)

It’s going to be another area of HUGE growth and along with it, more big opportunities for the copywriters that have proven themselves.

This stuck in my head. But since I don’t go much on Facebook, since I refuse to download any apps on my phone, and since I live in a tiny eastern European country that doesn’t get too much ad targeting…

I hadn’t seen any examples of the big new players that Dan was talking about.

Well, until today.

Today, I opened up a Newsmax email. Newsmax is a massive newsletter that caters to aging baby boomers who love Trump, hate Obama, and worry about diabetes, immigrants, and race riots. Each Newsmax email has the latest-breaking news from a conservative standpoint, along with a few carefully placed links to long-form, very hard-hitting sales letters.

Except not today.

Today, the sponsored post in Newsmax was for Airbnb. The headline read:

“Earn while you’re away”

The pitch was that you could make money renting out your home on Airbnb while you travel. And the link took you to a regular Airbnb page for signing up hosts.

Now, I personally find it hard to imagine that a 65-year-old retired dentist, who’s afraid that El Salvadorean immigrants are coming to displace him from his castle of a home that he finally paid off after 30 years, will be thrilled with the idea of opening up said home to strangers while he goes traveling (where? to Bali?).

And even if he was curious about this offer, I’m not sure he would know what to do with the Airbnb page that the ad linked to.

In other words, I expect that the Airbnb Newsmax promo was a big stinkin’ flop.

But who cares? Airbnb is currently valued at $35 billion. They can afford to throw away a measly $20k or $50k on some failed ad tests.

But eventually, they will wise up, and they will ask their direct marketing to actually turn some kind of a profit.

And when that happens, you’ll see the situation that Dan was describing above:

“Big opportunities for the copywriters that have proven themselves.”

Just something to think about if you’re deciding whether copywriting is something you want to double-down on, or if you just want to keep dabbling in it from the sidelines.

If you are doubling-down, then you might like my upcoming book. It will talk about what I’ve learned over the past year while writing advertorials for some successful cold traffic campaigns. To get notified when I finish this book, you can sign up here:

https://bejakovic.com/advertorials/