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Tips to Make Money as an Airbnb Host
Airbnb is an avenue wherein people can rent out homes, apartments, or rooms for travelers in need of a place to stay. The company has revolutionized traveling as it offers vacationers with a more comfortable and affordable lodging option that hotels cannot provide. It also presents an opportunity for many individuals to earn additional income by being an Airbnb host.
If you are thinking about how to make money with airbnb, you will be pleased to know that a host makes an average of $924 per month according to the analysis of Priceonomics. This earning is almost three times higher than what people make in other sharing economy platforms like Uber.
Given the figure above, it is evident that being an Airbnb host can be profitable if guests line up to stay with you. Here are pointers you should consider to create an attractive rental place that will entice potential clients and make you earn more:
Adopt an Entrepreneurial Mindset
If you are seriously thinking about how to make money with Airbnb, then you should be clear at the onset that this is not a hobby but a business venture. As such, you should be willing to commit and put in the work until you see the fruits of your labor.
Invest your time, money, and energy on planning marketing strategies, operations, and pricing. Be ready to treat guests as companies would handle their top clients and your home as a place of business.
Offer an Experience
While you are only expected to provide a temporary place to stay, it does not mean that you should stop there. Instead of merely offering a physical space, you will attract more guests if you give them a remarkable experience.
Keep in mind that the gesture does not have to be big, as little things can go a long way. For instance, you can provide basic toiletries, towels, WiFi, multiple power outlets in the bedroom, or a satisfying breakfast to make their stay more comfortable. You can also give them a list of places to visit and activities to try out in the area.
When you are proactive about the needs of your guests, you can get an assurance that they will keep coming back. More importantly, they will tell others about their positive experiences as well. Note that excellent customer feedback can help build your credibility and reputation as a host.
Make Yourself Available
Instead of doing the bare minimum, be willing to go the extra mile to be an exceptional host. Offer to prepare picnic baskets or meals if you think your guests will appreciate them. Be available to act as a tour guide in case your guests want a local to show them around town.
Ultimately, imagine yourself as a guest to know what unique services you can provide to make them want to stay with you. Once you have all these things figured out, make sure to mention them in your profile.
If you have always dreamed of making money by managing your own business, being an Airbnb host is your opportunity to make it happen. By following the tips mentioned above and continuing to improve your service, you can be sure to attract more guests and enjoy more profit.