Do you enjoy meeting people from around the world?
Do you want to make extra money with relatively little work?
If so, I recommend hosting your space on Airbnb!
Airbnb hosts can make an average of $2,000 profit per month for each space they have listed on Airbnb.
In this article, you'll learn important things like:
- What is Airbnb
- Why you should host on Airbnb to make extra money
- How much money you can make on average with Airbnb
- How to get started making money on Airbnb
- and more!
1. For those who don't know, what is Airbnb?
Airbnb allows people to travel more affordably by providing a gateway to connect travelers with people who have excess space in their homes.
It is an online booking platform where people who are travelling can stay with you.
Whether hotel rooms are sold out or they are just more comfortable in a home-type setting, people they can find your listing when they search for accommodation in a particular area, contact you to ask questions and then, if your nightly price is in their budget range, they can reserve your spare bedroom for the time it is needed.
Think of it like Uber, but for accommodations.
2. Why should people think about hosting on Airbnb to make extra money?
To date, it is the quickest and easiest way to make (basically) passive income that I have found.
Instead of getting a second job, that will take extra hours and energy out of your week, you can simply make the same amount (or more) by letting someone sleep in your extra room while they are in town.
The only effort is to keep your place presentable for guests.
For me, having an extra $500 a month and not having to work to death to get it made my life so much easier and more enjoyable.
3. What can someone expect to make as an Airbnb host?
For me, living in the northern Virginia area, my lowest month was about $600 and my best month was a little over $2,000.
If you live in a city, or by a special tourist attraction, I would highly recommend considering renting out your place as you will likely get a similar result.
4. How soon can someone get started as an Airbnb host?
This is the best part. Once you sign up and create an awesome profile- you could have your first guest by the end of the week!
5. What would you say to someone who is hesitant on sharing their space on Airbnb?
This is a totally normal feeling. Airbnb knows that and has put a few things in place to help ease the host (and guests) mind.
- Hosts are automatically insured for up to $1 million
- You can set your guest qualifications:
- People who have only great reviews
- People who have their government ID on file
6. How can someone get started as an Airbnb host?
Getting started as a host is the easy part. It is achieving a high ranking in the search and creating an appealing profile that can be the tricky part – and this is where the money is made.
Sadly, it isn’t as easy as tacking a few pictures online and thousands of dollars start rolling in.
While hosting, I became obsessed with learning how to make the most money from my listing – it worked but took a ton of time and energy scouting out every free resource on the internet.
In my course, Hosting Your Pad, I have compiled everything I learned online and little extra tips and tricks I used along the way to help other hosts maximize their earnings while saving them time having to do all the research themselves.
7. What kind of results are your students of Hosting Your Pad getting?
I have talked with students who have seen 50% occupancy increases and even had a student message me saying they have already made $1,000 since taking the course and upgrading their profile.
For a limited time, you can use my code fitnancials50 to get $50 off Hosting Your Pad!
Fast Facts of Hosting Your Pad:
- Access to private FB group with other Airbnb hosts, so you can ask so you can ask any questions that may arise.
- How to capture your home in the best photos
- How to become a Super Host
- How to effectively market your space for maximum occupancy
- How to create your guidebook
- so much more!
Reviews are SO important for Airbnb's. I've used Airbnb countless of times (I'm even in one now!) and will never book with someone who has under 5 star reviews. There are so many great hosts out there, which is why it's important you start off the right way from the beginning.
Once you're ready to become a host, sign up here! < This link will even give you a guesstimate of what your space is worth.
If you're reading this and still aren't interested in hosting your pad on Airbnb, I recommend trying out Airbnb at least once! You can use my link here for $40 off your first booking.
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