*Article contributed by Sarah Williams.
Airbnb offers short-term rental accommodation to travelers. If you have a rental property or have a room to spare, you can use the platform to make money.
Here we have shared the safest strategies that can be used by anyone who wants to know how to make money with Airbnb?
Strategies to Make Money with Airbnb
1. Renting out Your Spare Room
One of the simplest methods to earn money on Airbnb is to rent out your spare room or second house. There are hosts making hundreds to several thousand dollars per week by renting their additional rooms in their homes.
For pricing, you can use local hotel prices as a starting point. Airbnb provides the right tools to finalize an affordable pricing strategy, which ensures a high occupancy rate, and you also make good money in a short time. You can list your spare room for rent on the platform and start taking reservations.
2. Helping Others Rent Out
If you think making money on Airbnb is only for those who have room to spare, then you’re mistaken. Airbnb allows you to make money by helping others rent out their properties. Managing and renting properties on this platform is not an easy task, and many people welcome help from someone who understands it properly.
You can become co-hosts and help hosts take care of the house and the guests. Hosts and co-hosts can agree on what responsibilities can each take and what part of the income will go to the co-hosts. In some cases, the hosts also reimburse expenses borne by the co-hosts while helping rent out properties.
3. Referral Link
You can also earn money with Airbnb by inviting your friends and family to the platform. Earn when your invitees sign up as host or guest. The Airbnb referral program is open for all users.
When you sign up on Airbnb, you also get your referral link that can be used to make money. You can share this referral code or link with your friends and family and earn money. The referral link will give your family and friends a $55 credit when they make a booking, and you will get $25.
The same goes for hosting, when your friend or family sign up as a host, you will receive $100. The rewards are offered in the form of travel credits to be used on Airbnb.
4. Become an Airbnb Affiliate
You can also become an Airbnb affiliate and earn money, but that’s not open for everyone. If you have a website with more than 1 million hits per month, you can become an affiliate and earn money by advertising potential listing to Airbnb guests on your website.
5. Be Ready for Airbnb Housesitting
Many Airbnb hosts are looking for people who can be house sitters for their properties when they are away from home. The house sitter gets to live rent-free, and the earnings can be decided on how much bookings the hosts have. There are countless ways on which tells you how to make money with Airbnb on the Internet. But, the safest and most successful strategies are the ones listed here to create productive, profitable, and positive experiences.
*Article contributed by Sarah Williams.