Online booking systems bring tour and activity business owners into the 21st century. And when you pair the technology with old-school customer service, your business gets an exciting edge for selling services and filling activities. But before you choose a provider, it's a good idea to consider the advantages and disadvantages of using an online booking system to make sure the software is right for you.

‍

Advantages of Online Booking Systems

‍

1. Your business is open around the clock.

‍

Customers who make a decision to book a tour or rental don't want to wait until you are in the office — they want to lock in the activity on their own schedule. Using an online booking system means that your business is open 24 hours a day, seven days a week.

‍

2. You can maximize reservations.

‍

Customers who book their own reservations are more likely to show up, making no-shows a thing of the past. If a customer does need to cancel, the spot automatically opens online, giving another customer the chance to book it. By maximizing your reservations, you won't leave unused activity spots or rentals on the table.

‍

3. You get paid quicker.

‍

With an online booking system, you can require customers to prepay for activities and rentals. This puts money into your pocket faster.

‍

With an online booking system, you can require customers to prepay for activities and rentals. This puts money into your pocket faster and helps make sure that on the day of the event you don't have to worry about payment — giving you and your customers more time to have fun.

‍

4. You're not tied to a phone.

‍

If a customer calls a tour or activity company and gets routed to voicemail, they may call back later — or they may call their second-choice. Online booking means you capture more potential business because reservations and information are always available. It also means you won't get caught in a dreaded game of telephone tag.

‍

5. You can effortlessly up-sell add-ons.

‍

You can always add more guides, offer more activities, or expand your hours to grow your business, but all of those take work. By adding additional perks to your customers, you can easily add extra revenue for your business. Fun extras like photo packages or memorabilia, you can include options to these items in your online booking checkout.

‍

6. It's easy to manage your calendar.

‍

Online booking systems allow you to check your reservations and availability wherever you are using any mobile device. You always know the status of your business, and your schedule can be easily managed from a convenient location.

‍

7. You get valuable insight about your business.

‍

An online booking system provides you with a dashboard of analytics that help you grow your business. Quickly determine your most popular sellers, the most requested time slots, or even the most popular add-ons by using an online booking system with robust insights. Take advantage of knowing what your customers want most — saving you time and money on offerings that don't help your business grow.

‍

‍

Disadvantages of Online Booking Systems

‍

1. You need Internet access.

‍

If you run tours and activities in remote areas where you aren't able to get on the Internet, online booking might not be for you. You'll need reliable Internet access to check your reservations and to add bookings that are made online.The good news for Peek Pro users is that our mobile apps work offline. This means that you can connect to the internet, sync your bookings, and go to areas with bad reception. In those areas, it doesn't even matter if your internet cuts out - the Peek Pro apps will work.

‍

2. You need to be ready for an influx of new customers.

‍

Online booking software is a great way to attract new customers, many of whom prefer booking online from their computers and mobile devices. However, if you're running a small operation without enough staff members or resources to expand your activities, growing too quickly may pose a challenge.

‍

3. Not all online booking systems are created equal.

‍

If you choose a provider that offers poor customer service or only a few features, an online solution might be frustrating — especially when you're ready to grow your business. It's important to do your homework upfront and choose an online booking system that is committed to supporting you and your business for the long haul.

‍

4. Avoid booking systems that don't bring you new quality customers.

‍

If you're going to invest in a new technology platform and take the time to train your staff, we recommend you choose a booking system that fits all of your business needs — including bringing you a stream of new, high-quality customers. Some booking systems include distribution channels, but they may not attract quality customers who will give you great reviews and refer your business to friends. Make sure you do your research to find a booking system that guarantees a consistent stream of quality customers.

‍

Now that you've read the advantages and disadvantages of using online booking systems, is the technology right for your company?

‍

Be sure to check out Peek Pro today, the only online booking system that guarantees new and high-quality customers. Not only will you get our award-winning platform, you'll get online training, 24/7 customer support, and access to millions of potential customers who are looking to book an experience like yours. Learn more about Peek Pro and how it can fit your business.

‍

Read about Zipline Utah and their success story moving onto an online booking system

Peak season may be great for the bottom line, but this all-consuming period also puts businesses at risk. Being busy demands all your resources, leaving you with little time to implement new strategies, build meaningful relationships with potential customers, and attract loyal customers.The relatively quieter preseason is the perfect time for you to focus on growth strategies. That way when busy season hits, you can focus on what truly matters: offering unmatched experiences for your customers. These five strategies will help you grow your customer base before the frenzy.

1. Build Relationships With Potential Customers

Nurturing leads will put your brand top of mind before the season even starts. These potential customers that you already have a relationship with — those who've booked experiences with you before or are subscribed to your newsletter — are key to the upcoming season. Keep in regular communication with them through weekly or monthly newsletters featuring your services and experiences to pique interest. Or, build your credibility in the market by sharing how-to articles and tips. Customers with whom you communicate on a regular basis are much more likely to respond to your services than cold leads. Forrester Research found that companies that excel at lead nurturing generate 50% more purchase-ready customers at 33% lower cost. To aid you in this process, an online booking system will give you access to a database of all your previous customers and their contact information.

2. Offer Early-Bird Specials

A great way to generate new customers is by offering early-bird specials. This ensures that your spots fill up before your competitors start promoting heavily in the busy season. By using an online booking system, you can create promo codes for your activities and set early bird pricing before to drive the bottom line. Customers who are planning ahead can view your real-time availability and easily apply their promo code to an activity on their preferred date and time. If you don't want to discount your experiences, you can instead offer other incentives to reward customers who book early - a free T-shirt, included equipment rentals, or lunch and drinks on the house

3. Generate Excitement With a Preseason Event

It's a struggle to keep any business booming year round, but especially so for seasonal companies. Generating excitement ahead of the busy season helps you fill up your tours and activities. To do so, host a preseason event to market your business and generate excitement. For example, Winefest holds a popular event called Des Moines Wine Festival each year. To attract customers ahead of the Wine Festival, Winefest hosts a couple of preseason events to get customers talking about what's to come. “The preseason events have been incredibly helpful spreading the buzz and excitement about Winefest," says Natasha Sayles, executive director of Winefest Des Moines. “We've had great success with our Wine Flights and Iron Somm — they help with our overall mission of promoting the wine and food industry in Des Moines. Our summer festival is the core of that.

4. Don't Forget About Previous Customers

Don't lose touch with your current customer base while out chasing new leads. A study by SumAll revealed that 25% to 40% of total revenues from stable businesses came from returning customers. So it's important to build loyalty with former customers — invite them to preseason events, offer incentives to book early, or give them a discount to thank them for any referrals they made in the past. Repeat business doesn't just increase near-term sales — it also increases the likelihood of your business building advocates. Customer advocates will help you drive business in the preseason through word-of-mouth marketing

5. Generate New Customers by Asking for Referrals

Word-of-mouth marketing is still one of the most effective ways to generate new leads for your business. Most customers (90%, according to Nielson) trust the recommendations of people they know. The key to making sure customers talk about your service: ask for referrals. A successful referral program is all about timing. If you ask your customers for referrals too late, they're unlikely to refer; if they do, their recommendation will be lackluster. Ask customers on the spot or in a follow up email (sent within a week) to refer a friend to your business. You can even customize and schedule those follow-up emails with Peek Pro. Once you have contact information for referrals in your database, build relationships with them by sending regular emails.

Examine the industry's current and future growth, and see how your company stacks up.There's a shift in how Americans are spending their money. Mostly spurred by the proliferation of the Millennial generation, they're now prioritizing experiences rather than material items — saving up their money to go new places and take part in new activities. A large beneficiary of this changing mindset: the recreational rentals industry, whose growth is currently outpacing the average annual growth of other retail and service industries. The industry is made up primarily of businesses renting equipment for people to experience recreational activities, including kayaks, mountain bikes, skis, surfboards, scooters, Segways and even luxury cars.But coming hand-in-hand with the increasing number of people trying these activities is heightened competition, along with additional administrative tasks. While the industry has long relied on traditional pen and paper to take reservations, track equipment and update calendars, with a growing customer base and booming industry, it's time for rental business owners to consider how they can improve efficiency, streamline their services and ultimately set their businesses apart utilizing new technologies.

In this post you'll discover:

• How much the recreational rentals industry has grown, and what experts forecast for its future.
• What that growth looks like on a per firm basis, and whether your business is keeping pace with the industry or falling behind.
• How your firm's annual revenue and operating expenses compare with industry averages.
• How technology can improve your business processes and give you a competitive edge.

An Industry on the Upswing

By and large, Americans are becoming more interested in travel and trying new things. At the forefront of this movement are Millennials, who are almost twice as likely as non-Millennials to travel for a hobby, according to research by the Boston Consulting Group. This generation also travels “more for personal interest, food and wine, entertainment, outdoor activity and shopping than non-Millennial leisure travelers," BCG reports. But this push for new experiences spans generations. The average age of the leisure traveler (those not traveling for business) is 47, and mature travelers — those older than 55 — comprise 36% of the leisure travel population, according to the U.S. Travel Association.For this large swath of the population searching for new activities, the recreational rental business plays a key role in making these experiences come to life. And whether they're renting kayaks, sailboats or skis, their collective revenues have been growing. The industry surpassed $1 billion in revenue in 2014, with those revenues increasing by 5.7% annually.. That growth has outpaced the 3.3% annual revenue growth of the broader retail services industry, and placed recreational rentals in the top 40% of all retail industries.The increased popularity of renting combined with the continued interest in experiences bodes well for the industry's near future. Kentley Insights forecasts that the recreational rental industry revenue will grow by 4.9% per year for the next five years.

Boating and Watersports Take Off

While the industry as a whole has benefited from the uptick in rentals, there's one segment of the industry that's exploding in popularity: boating and watersports. In 2013 alone, more than 88 million people — or 37% of the population — participated in some form of recreational boating. That's near an all-time high.Additionally, the public now views marinas as recreation destinations, instead of simply places where people store their boats. And marinas have responded in kind — nearly one-third of marinas now offer boat rentals and 18% provide water-toy rentals, according to research conducted by the Association of Marina Industries.The desire to be on the water has also boosted interest in stand up paddleboards, and opened a new rental market in the process. Stand up paddling was the top fastest growing recreational sport in 2014, according to the Outdoor Foundation's most recent Outdoor Recreation Participation Report. The sport grew by 38% compared to the previous year, with more than 2.7 million participants — many of whom were likely renting their boards from a local shop. That's nearly triple the number of people who tried the sport a mere five years ago.

Is Your Business Keeping Pace?

The recreational rental industry is undoubtedly on the uptick. But knowing whether your business is keeping up with current and projected industry growth can help you determine whether the status quo is sufficient for business growth — or if you need to make changes to remain competitive.

The average revenue per recreational rentals firm was $500,000 last year

According to the Kentley research, the average annual revenue per recreational rentals firm was $500,000 last year. The firms surveyed experienced an annual revenue growth rate of 2.9% over the past three years.But while most businesses were seeing their revenue rise, whether they were actually profitable is a different story. Just 51% of recreational rental firms are in the black, with their average net income representing about 10% of their revenue. The picture may be better for the marinas, according to a survey by the Association of Marina Industries and Dock Age magazine. Of the more than 250 marinas surveyed, 69% reported that they expected to be profitable.For the rental industry overall, operating expenses have grown by 4.8% per year — notably outpacing revenue. Operating costs per firm averaged about $387,000 annually in 2015.So what do rental companies spend their money on? Depreciation and amortization charges for equipment tops the list, followed closely by employee payroll. Combined, those two cost centers account for 70% of total average expenses. Property costs accounts for 6.2% of expenses and IT accounts for just 1.1%.For most rental companies, great employees can make or break the business — which is often reflected in their pay. In 2014, the average employee earned nearly $30,000 annually, with an annual increase of 3.8% over the past three years. That wage puts the recreational rentals in the top 20% of service industries when it comes to employee earnings.One thing that may explain why only about half the firms are profitable: their focus on growth. Companies are putting their revenue toward providing new services or opening new locations. For instance, in 2014 the number of firms grew by 2.8%. Forecasts for the next five years reveal that growth, on average, should remain just under 3% annually. Additionally, the number of rental establishments — which includes multiple locations owned by the same company — also grew by 3%. This figure should continue to increase by 2.3% annually over the next five years.

Technology Offers a Competitive Edge

Today, rental businesses faces ever-increasing competition as existing firms expand and new ones enter the market. And with only half these firms earning profits and operating expenses continuing to rise, many business owners are likely asking how they can get to cash-flow positive faster. Investing in online booking technology may be part of the answer.Online booking has taken the travel and tourism industry by storm over the past few years. For example, global traveling booking has grown at 4.3% annually since 2011, while online bookings have increased by an average of 10% each year, according to research by Phocuswright. And though bookings via desktop still dominate, mobile bookings are quickly gaining ground, accounting for 11% of all U.S. online travel bookings last year.So if you're not yet offering online booking, you're likely missing out on a significant number of quality customers who prefer using the Internet to arrange their equipment rentals. Indeed, many rental business operators report that online booking software not only helps their business grow, but also streamlines their operations.

The benefits of moving your booking online include:

• The ability to maximize your reservations. When you rely on staff to make reservations over the phone, you're limited to bookings only when your employees are available to answer the call or handle a walk-in customer. Online reservation systems allow customers to make reservations around the clock. Additionally, if one of them cancels, another customer can immediately fill that spot — ensuring that your equipment isn't sitting unused because of a no-show.
• An opportunity to maintain or reduce payroll expenses. For most firms, one of the biggest cost centers is payroll. An online reservation management system can help you maintain or reduce the staff you have working reservations, even as you grow, by allowing your customers to reserve online instead of over the phone.
• Improved inventory management. For many merchants, keeping track of what's rented and what is available is a challenge. Online management tools allow you to track all your inventory in one place so there is a single source resource for that information.
• Faster payments. With online booking software, customers typically prepay for their rentals. You don't have to wait for payment, and you have greater insight into your business' pending revenue. That way you can activate deals to fill gaps or reduce staff to cut expenses.
• Easier up-sells. Give your revenue an effortless boost by offering up-sells and add-ons to your rentals — such as dry sacks and wetsuits for a kayaking trip or meal packages for long excursions — as your customers are making their reservations online. Customers will get a fuller picture of your offerings and be able to take advantage of any current deals or packages. And the power of so-called ancillary revenue to boost business in rentals and other related travel is impressive: In the airline and cruise industries, for instance, it can account for 30% or more of a company's revenue.
• Improved time management. Online reservations allow you to check your business' booking and availability in real-time, from any device or location. It enables rental businesses to better allocate their staff, and devote employee time to improving the customer experience instead of manning phones and penciling in reservations.
• Actionable data. Last, but certainly not least, online booking software systems allow you to analyze your business and determine where you're making the most money and where you're losing revenue. With this valuable information, you can eliminate hidden costs — such as maintaining equipment that's rarely rented — and focus on the areas of your business that are most likely to drive growth.

Not all online booking technology is created equal, though. Peek Pro not only provides an award-winning software platform, training and 24/7 customer support, but our tools also help you increase revenue in myriad ways. Peek Pro is the most robust online booking system available for rental firms, with many features specifically built for Rentals. This includes an easy-to-use calendar and dashboard for viewing and managing bookings, equipment availability and more.The rental industry is undoubtedly poised for growth. By staying aware of the trends, and taking advantage of online booking systems and new technology, you can ensure that your rental business follows suit.

While there are many factors to building a successful tour or event business, City Wine Tours' success stems from one simple concept: employee and customer happiness.The company, which was founded in Boston in 2011 and expanded to New York City in 2013, provides walking tours that give an insider's look at specific neighborhoods. Along the way, guests also visit upscale wine destinations where they sample and learn about premium wines.The company's happiness approach is two-fold: ensuring customers know their satisfaction is important to you, and creating an environment where employees enjoy working. This philosophy seems to be working, as, according to City Wine Tours CEO and co-founder Dan Andrew, over a 2 year period the company saw 25% and 60% revenue growth respectively from the year prior.Here's how City Wine Tours promotes employee and customer happiness (which often seem to go hand in hand), and how you can too.Delight customers with unique experiences through partnerships.City Wine Tours partnered with local businesses and online marketplaces to create a truly unique experience customers couldn't find elsewhere. These partnerships fall into two groups: Third-party vendor websites that help sell their tickets and market their product, and restaurant and wine shop partners. “We drive marketing value and real revenue to our partners, and we're really thankful to the restaurants and wine shops that have supported us," Andrew says. By working together, City Wine Tours and its partners can achieve their mutual goal — to better serve the local community and make customers happy.

Action tip:

Gauge what your market is missing, and identify the critical partnerships that can help you best serve customers to create a truly unique experience that attracts and retains customers.

Give customers personal attention, and let them know you value their input.

Andrew says his staff makes it a point to always answer the phone when it rings. “It's a small thing, but it goes a long way. We've gotten great feedback on this. We employ a similar strategy with email replies," says Andrew. "Our No. 1 company value is putting our customers at the center of everything we do. Our COO obsesses about the quality of our product and the experience of our customers, often to the detriment of short-term revenue gains." To ensure they know what's working — and what isn't — they ask customers to provide honest feedback about their experience, and then use that input to guide changes or future decisions.

Action tip:

Encourage your customers to share input about what they liked (or didn't like) about their experience, and then use that feedback to guide future improvements. With an online reservation software like Peek Pro, you can easily include a link to a feedback survey in every thank-you email your customers receive.

Make your company a place people enjoy working.

When employees love what they do — and where they work — it shows, and that happiness tends to radiate to customers

When employees love what they do — and where they work — it shows, and that happiness tends to radiate to customers. At City Wine Tours, all internal communications tools are cloud-based, allowing employees to work from home 50% of the time. Full-time employees get health benefits and a 401k option, but there are perks even for part-time workers. “We have a lot of part-time managers and part-time tour guides who have full-time jobs but are looking to pick up 'passion' work when it comes to wine," says Andrew. "This allows us to pull from a wider and deeper talent pool without over-committing on salary lines. Our employees are happy because we've created a concept that pays them for something they are passionate about — teaching people about wine."

Action tip:

Invest in employee benefits and perks for both part-time and full-time employees if you can. But while perks will help improve employee happiness and loyalty, remember that happy workplaces start with the hiring process. Make sure you hire people who are truly passionate about their jobs and the industry. Their positive attitude will be contagious, resulting in improved customer service and productivity overall.

Scale your business with the help of your most seasoned employees.

When expanding to New York, City Wine Tours initially hired a NYC-based general manager to try and recreate its Boston business model. That tactic failed — twice. “In hindsight, it was unreasonable to expect a brand new employee to build something in NYC that had taken our team three-plus years to get right in Boston," Andrew says. Instead, they used some of their veteran Boston employees to get the new branch established. They discovered that loyal and seasoned employees are willing to go the extra mile in order to help the company grow and better serve the customers.

Action tip:

Don't expect new employees to be the silver bullet. Empower loyal employees by allowing them to step into new roles. If they're happy and fill fulfilled, they'll be invested in your company, and do all they can to help it grow and thrive.The best tool for both customer and employee happiness? An online booking system.An online booking system will save your staff hours in their day, while also giving customers a great first impression of your business. “These days, customers buy your products on dozens of different websites. Streamlining all of these different sites and companies into a single online booking process is an ongoing challenge," Andrew says. "Finding a platform that works perfectly for your small business is the holy grail." This not only makes things easier for customers, but it also alleviates considerable stress for employees by saving time and reducing potential mistakes or confusion.

Action tip:

Look into finding the best online booking system that's easy for customers to use and efficient for your business. If you're looking for a solution that will drive quality customers to your business in addition to managing your reservations, check out Peek Pro here.By following City Wine Tours' example, you will likely find that happy employees in turn lead to happy customers—and both are essential for growing a thriving business.

At the San Diego Zoo — where animal tours run all day, every day — there's one tour guide who generates rave reviews: Chris Clobber, better known as “Zooman." If Google him, you'll find comments calling him “hilarious," “fabulous," and “amazing." He's so loved that he's even earned his own show at a local comedy club.People describe Zooman's tour as “the best they have ever had" — words that carry significant weight for tourists who are planning their next weekend adventure. In creating a name for himself, Zooman brings one-of-a-kind marketing value to the San Diego Zoo.And with 74 percent of consumers identifying word of mouth as a key influence in their purchase decisions, it's critical for all businesses to create incredible experiences. Tour and activity operators, especially, are uniquely positioned to create an emotional connection with customers.Luckily, you don't need to be a stand-up comedian to make a lasting impression. Whether you’re running a thriving local business or just getting started, we’re ready to help.See Also: 5 Strategies to Generate Customers Before Peak Season

Offer a unique perspective no other business can replicate.

The best way to stand out from your competitors is to identify what differentiates your business, and make it a core part of the experience you provide.

The best way to stand out from your competitors is to identify what differentiates your business, and make it a core part of the experience you provide. For example, take the Chinatown Ghost Tour, a walking tour that dives deep into San Francisco's history by taking groups through the lesser known streets of Chinatown. What makes the tour truly memorable is the tour guides' own supernatural experiences and references to folklore. Their captivating stories of Chinatown’s history has earned the tour coverage in local media like The Examiner and the San Francisco Bay Crossings.For more inspiration, take a look at Bhagavat Life's vegetarian cooking class in New York. In addition to teaching culinary skills, the class offers new perspectives on how people can think about food in making healthier life choices. Participants learn about Ayurveda, a 5,000-year old system of natural medicine from India, and how to apply its principles to any type of cuisine.This depth of education that extends beyond cooking skills leaves a lasting impression among customers, which in turn generates strong referrals and word-of-mouth. Offering a unique experience like this will help you build an organic growth engine for your business

ASK YOURSELF:

How can you give your customers a more personal, behind-the-scenes look into your world? What are the most interesting stories or unique lessons you can share?

Give customers a way to relive and share the best part of their experience.

It's not every day that a person gets to climb a mountain, try a flying trapeze or take a cheesecake-making class. The thrill of a new life experience is something that happy customers will want to share with their friends and family.You can capture your customers’ experiences with a GoPro camera, and later, upload their photos and videos to your website. By doing so, you create a platform where customers can easily share content with their friends and family — in other words, a low-touch system for free word-of-mouth marketing.Skydive Taft is a California-based skydiving school that features videos of customers' free falls on its YouTube channel (with permission). This not only encourages those customers to share the videos, but allows prospective customers to preview what their experience would be like.You might also like:The Essential Ingredient for Building a Successful Tour BusinessIf you're looking for a solution that will both save you hours in your day and give you that extra marketing edge to attract quality customers, check out Peek Pro here. You can request a free 15 minute demo to see if Peek Pro makes sense to you.

Most of your customers expect to be able to book online these days, and the thought of adding online payment options to your website may seem overwhelming. But streamlining the process for your customers can create more revenue and let you focus on other things - and it can be one of the best things you do for your business. It's also a lot easier than you may think.See Also: The Advantages and Disadvantages of Online Booking SystemsConsumers are more confident with buying online and they enjoy the convenience of booking from their computers and mobile devices. If you're not offering online booking options to your potential customers, you could be missing out on a lot of potential sales.

If you're not offering online booking options to your potential customers, you could be missing out on a lot of potential sales.

Top 7 Concerns and What to Do About Them

Here are some common concerns activity rental business owners have about accepting bookings online, along with the benefits of pushing past the roadblocks and taking action.

• What I want to offer online is too complex. Simplify your offerings. Too many choices leads to indecision in consumers, so providing too many products could be working against you. Whether you're building a new site or starting fresh, use this as an opportunity to simplify and package your tours and activities for more profit. While changes require some upfront work, keep your eye on the long-term benefits. Tools that allow customers to book online can help manage your business more efficiently, which can lead to more business opportunities and revenue.
• I've always done things by hand – it's what I'm used to. Doing things by hand can give you a false sense of control. If everything is mostly stored inside your head, that means you're the only one who can "do it right." This makes hiring painful and training difficult because there are no repeatable processes or systems in place to ensure consistency. If you're planning on selling the business one day, remember that it's not a business unless it runs when you're not there. Who would buy the business if you are the entire business?
• I have an online contact form so that counts – right? An online form is a step in the right direction, but if you're accepting payments and bookings online, it can help with managing time, providing a consistent customer experience, and automating processes to help you be more productive in less time with less staff.
• We rely on a lot of walk-ins and phone calls for business, so doing business online isn't really necessary. Opening your rental activity business for online bookings doesn't mean you're going to neglect walk-ins and phone reservations. But it does mean that these customers will have the option to book online and free up more of your time. The right online tools can also allow you to schedule calls and walk-ins with less confusion and more accurate visibility. You can also scoop up additional customers who prefer to transact online and not over the phone.
• I'm worried about the costs. The right activity rental booking and management platform can pay for itself many times over by allowing you to generate more business and minimize mistakes. It may cost more upfront, but it could save - and generate - more revenue in the long run.
• I'm worried about the credit card processing fees. Transaction processing fees are a very low percentage overall, but they can add up if you're not careful. If you haven't reviewed your prices lately, it might be a good time to consider adjusting for the costs of doing business online. Accepting credit cards has additional costs, but the benefits of a faster cash flow and a quicker booking process for your customers usually outweigh the fees.
• Our competition doesn't do it, so we don't need to bother. This is all the more reason for you to accept online booking and payments. If your competition isn't doing it and you are, that means you'll have all the online buyers, and they’ll only have traditional methods to rely on. Take it as an opportunity to beat the competition.

Picking the Right Online Booking SystemThere are three key ingredients to a successful system for your business.

• Make sure the platform you choose is industry-specific. Generic solutions usually have to be customized and can have large gaps in functionality that’s specific to your industry. This missing functionality can force you to change the way you do business and negatively impact the customer experience.
• Pick a technology partner that has lots of know-how. This will help you grow and avoid costly mistakes because your technology partner will have the experience from many different implementations and can provide lessons already learned - with the software and in your business.
• Choose a solution that addresses many challenges. The software you choose shouldn't just accept bookings online. It should also make your job easier by communicating with clients more efficiently, managing your activity schedule, and tracking analytics that will help you see where your customers are coming from. This way you'll learn what’s working and what isn't.

Doing business online is a lot easier than you think these days, and well worth the trouble. You can benefit greatly from investing in technology and new processes that increase your revenue and customer base. But even if you don’t completely overhaul your website, you should strongly consider implementing booking and payment options online.