Hit enter after type your search item

Quick guide to making money with Airbnb

/
/
/
25 Views

Long before Airbnb became the $31 billion company we know today, and managed to convince us that the idea of sleeping at strangers’ houses or renting out our bed to others wasn’t dangerous and far-fetched; it was just part of the brainstorming they played with from 2 friends, who needed to to earn a little extra money to pay the rent.

Today, Airbnb has
this incredible and transformative way of traveling that is changing our social, commercial and cultural
our social, commercial and cultural environment.

airbnb

Important: The information shared on this website does not constitute professional advice and is not intended to replace, nor does it replace, the services of trained professionals in any field, including, but not limited to, financial, employment, entrepreneurial, travel, medical or legal matters. Any ideas, advice, opinions, information and/or other training materials or links accessible through this website are for informational and entertainment use only. Please note that there are no guarantees about the results you may obtain by using or implementing the strategies, products, services and ideas discussed on this website.

What is Airbnb?

Airbnb is an online marketplace that connects people who want to rent out their homes to travelers
homes, with travelers looking for accommodation in that city.

It currently has over 7 million properties listed, covers over 100,000 cities and 220 countries around the world, giving you the opportunity to find anything from a couch to sleep on while backpacking through Europe, to a full apartment to live in while taking that 2 month course in New York.

Also, if you want to
rent out that extra space you have at home, you can become a host and start earning
host and start making money with Airbnb by allowing a traveler to stay overnight in your apartment.
overnight in your apartment.

The platform
handles the entire transaction and charges a small commission to both parties.

How was Airbnb born?

It was late 2007, when Airbnb founders Brian Chesky and Joe Gebbia had just moved to San Francisco from New York.

While looking for a way to earn some extra cash to pay the rent, they realized that all of their
rent, they realized that all the hotel rooms in the city were booked because a local conference was
were booked, because a local Industrial Design conference was attracting many visitors.
was attracting a lot of visitors.

Brian and Joe saw the opportunity. They bought some inflatable mattresses and created a website called “Air Bed and Breakfast”.

On their website they would offer
visitors an inflatable bed (air bed) to sleep on and a homemade breakfast in the morning.
breakfast in the morning. They decided to charge $80 dollars a night for each bed and sold the
sold all 3 beds.

After those first 3 guests and having validated their idea, the founders of Airbnb realized they were looking at something bigger than a couple hundred extra dollars each month.

Soon after, they invited
Nathan Blecharczyk to join the team as the third co-founder, and they set about the task of
to start looking for interested investors to launch the platform they had in mind.
platform they had in mind.

Investors didn’t seem to understand the concept; so when they saw that they were
so much going against them, running out of money and thousands of dollars in credit card debt, they resorted to selling cereal with Barak’s face on it.
credit card debt, they resorted to selling cereal with Barak Obama’s face on it to keep the company afloat.
Obama’s face to keep the company afloat.

Thus it took almost two years before Airbnb saw some traction. The
The rest is history.

How to make money with Airbnb

Inspiring story, isn’t it
inspiring, isn’t it? Well, I hope that the possibility of starting to make money
with Airbnb, will give you another inspiring push.

The business
The business model is very simple: those who have a vacant apartment or additional space in their home
additional space in their home, and wish to use it to subsidize its cost or earn money, rent it out to travelers
rent it to those travelers who need an inexpensive place to rest on a short trip, to those who are looking for an
short trip, those who are looking for an alternative option and a more local experience, or those who are
local experience, or those who would like to have kitchen and laundry facilities for a more local
laundry facilities for a longer stay.

So if you
you have an extra room and/or your family has a second property that is often unused; or if you would consider renting your own
property that often goes unused; or if you would consider renting out your own home, or a part of it while you are on
part of it while you are on vacation, to help cover the cost of your trip; I share with you the step by step
travel; I share with you the step-by-step with everything you need to do, to start earning money as an Airbnb host.
making money as an Airbnb host.

Steps to become an Airbnb Host.

Before you get started you’ll need to consider all the factors that can work in your favor, or against you. Let’s look at some of them:

Analyze your location and the
amenities you can offer

  • Do you live
    in or near a major city? If so, there is likely to be a constant flow of tourists and business travelers who need a place to stay.
    of tourists and business travelers who need a place to stay.
    stay.
  • Do you have
    view of the mountains, do you live near the sea or is there any interesting feature that might attract
    interesting feature that might attract travelers to your property?
  • What type of travelers do you want to attract?
    type of travelers do you wish to attract? Does the location of your property offer the type of
    amenities that such a traveler would want?
  • Can
    guests walk to restaurants or public transportation from your home?
  • Will you offer
    only one room or the entire house? Will your guests have access to parking, kitchen and/or laundry facilities?
    parking, kitchen and/or laundry facilities?

Familiarize yourself with your city’s laws

As Airbnb becomes more popular and the big hotel chains exert pressure (a case similar to that of Uber vs Taxi drivers), more countries, cities and areas are trying to regulate it.

Make sure you understand the rules and regulations in your city, so you don’t break the law.

Decide how many times a month you want to host someone.

One of the facilities Airbnb offers for its hosts is that it allows them to set up rules to accept or reject bookings in advance.

For example,
you can set minimum and maximum stay limits, in addition to automatically blocking the calendar the day
automatically block the calendar the day before and/or after a reservation,
to give you time to organize your property and/or take a break between guests.
and guest .

These rules are excellent if you have a large, time-consuming space that is being rented for a single night, giving you the opportunity to decide whether or not to accept a traveler, depending on your willingness and ability to clean the space.

For example, an
Airbnb room with a private bathroom, for example, can take about 30 minutes to
cleaning and tidying up. Because it takes so little time to set it up, you may not need to
you may not need to set a minimum booking requirement or need to block out a night before or after your
block a night before or after your stay to set it up for the next traveler.
next traveler.

On the other hand, a
3-bedroom house in which you will host up to 8 people, will surely take a whole day to organize
a whole day to organize; and if you don’t want to run the risk of having a mishap and not being able to
mishap and not be able to have it ready when the next guest arrives, it might be better to leave at least a day for
it might be better to leave at least one day free between bookings.

Create a good profile and attractive listing

It is true that
you can create your profile and list your first property in just minutes;
but that’s probably not the best idea. Take the time to create an attractive listing and profile
an attractive listing and profile by following this step-by-step:

– Use a catchy title

Try to summarize what you have to offer in a single line.

The title is the first thing travelers will see when they search. Try to be both attractive and informative; describing the type of property you offer, as well as any additional eye-catching features.

Examples:

  1. Modern
    apartment near the sea.
  2. Quiet
    room with view to the mountains.
  3. Apartment
    in the center of the city.

– Post good photos

When it comes to
listing your property on Airbnb, or any property rental site, photos are often the
property, photos are often the deciding factor (I’m telling you as a regular user of the platform).
regular user of the platform).

In some areas,
Airbnb may even send a professional photographer to your home for free, as they are
free of charge, as they are aware that good quality photos can significantly increase bookings and therefore
considerably increase bookings and therefore their commissions.

– Write a detailed and honest description

Describe as much as possible
possible everything that you make available to your guests,
including the number of rooms and beds, if they will have access to the kitchen, washer and dryer, if there is a private patio or terrace
and dryer, if they have a private patio or terrace, if the room has a private bathroom and cable TV, if they can
bathroom and cable TV, if they can use the parking lot, or if you have Wi-Fi.
you have Wi-Fi. Add anything else you can think of that might be of interest.

Also make sure
be honest and don’t promise what you simply can’t be sure to deliver, and to list those
and list those features that may be annoying to some, but may be just what another type of traveler is looking for.
some, but may be just what another type of traveler is looking for.

Example: some
travelers may prefer the tranquility of being away from the city center, while those interested in nightlife may prefer
city center, while those interested in nightlife may prefer the opposite.
the opposite.

Be honest and
avoid unnecessary complaints.

– Communicate your rules clearly

Take into account
your expectations when choosing from the variety of cancellation policies and pricing structures the
pricing structures offered by the platform. You also have the option to
set your own rules, such as no smoking, no pets
such as no smoking, no pets, no additional guests, or asking your guest to take out their own trash and garbage.
or asking your guest to take care of taking out their own trash and watering the plants.
water the plants.

Leave a Comment

Your email address will not be published.

This div height required for enabling the sticky sidebar