For about 11 years now, Airbnb has been a proven source of income for millions of people across the globe. With well over 6 million listings spread over more than 100 thousand cities across 191+ countries and regions, it’s safe to say that Airbnb is a wonderful business option for those who don’t mind hosting. And it’s a good business too.
More than 50% of these hosts make well over $500 a month from their listings. That is the average, now imagine how much more you could make if you have the perfect listing, an excellent location, and you use top-notch advertising for all of your listings.
With the right kind of approach, Airbnb could very well replace your 9-5 and what makes it even better is that it will give you an excuse to travel the world as you source out that perfect listing from different regions.
Reasons Why You Should Consider Becoming a Host on Airbnb
Are you looking for an additional revenue stream? Do you want something to keep you occupied while still bringing some passive income? Then you should definitely consider becoming a host on Airbnb. Here are some of the top reasons why that could be an excellent idea:
1. It’s a Great Way to Earn Extra Cash
As already mentioned, Airbnb can be a wonderful way to earn extra money if you have the space. In fact, it can be an extra way to earn money even if you don’t have the space. If you can find a rental that you can lease and do your best to get hits to that listing on Airbnb, you could make much more than would be required to cover the rent and incidentals such as utility bills. It’s all about how you position and advertise your listing.
2. It’s a Great Way to Meet New People
Being an Airbnb host (and guest as well) is a wonderful way to meet new people from across the globe. This is especially true if you are one of those hosts who like to welcome their guests personally and share at least one meal with them. You never know who just might be your next booking. Maybe your would-be long term friend.
3. It’s a Flexible Way of Making a Living
As things stand now, over 70% of the world’s workforce works remotely in one capacity or another, and that trend is only set to grow. This is mostly because working remotely has given these people a way to find that ever so elusive work-life balance. Now imagine being able to completely dictate when you work. With Airbnb, that is exactly what you can do. You will be able to decide when you want to host and when you don’t want to host. You will be able to have a flexible schedule all the while making a good living while you are at it.
4. It’s a Good Reason to Redecorate Your Home
Have you been thinking of redecorating but can’t quite justify the hefty expense? Well, one of the most valid reasons to do this now is because it could earn you a lot more money. Nicely decorated and well-remodeled homes gain more hits on Airbnb than homes which aren’t as nicely done.
How about that for a reason to remodel? Plus, whatever you spend on the renovations, redecorations and remodeling will probably pay for itself in a few months anyway. You get to enjoy the new look and make money too!
5. It’s an Excellent Reason to Travel More
As soon as you realize success with your first Airbnb listing, you will absolutely yearn for more. In your research into how you could make more as an Airbnb host, you will see that some of the most successful listings are those that are located in wonderful places and in various, high performing cities.
You might want to travel to these cities just to see if you can find a place to buy or lease and list it up on Airbnb. If ever there was a good reason to travel, this is it! Think about it; you get to travel for business and pleasure at the same time. On your own terms!
6. You Get to Inform Yourself about What’s Happening in Your Location
One of the highly advised things to do to become a Superhost is to go above and beyond when it comes to meeting the expectations of your guests. One way to do that is to give them a list of the most iconic and entertaining attractions around your neighborhood.
In the process of trying to find out what people might like to do in your location, you might just find a hobby or an activity that was previously unknown to you. You gain knowledge and a new way to pass the time and enjoy yourself.
7. You Just Might Get Free Food and Swag
For the most part, your Airbnb guest will want to self-cater and as such, will stock up your fridge with groceries, beers, soft drinks and a host of other types of food that they like. The thing is, these people are often on “vacation” mode, and they tend to over-shop and under-utilize their resources.
You will find your fridge full of unused foods. You might also get lots of free swag such as portable fans, phone chargers, lawn chairs, etc. that they leave behind. Some of these things could help you in your own travels.
8. It’s a Great Reason to Upgrade Your Home Security
As a good host, you will want your guests to feel safe. This means that you will upgrade your home security to something that you can brag about on the platform and attract more guests. The best part is that once your guests leave, they don’t leave with these security upgrades. Those continue to keep your property secure and bring in more hits from potential guests. It’s a win-win for you.
9. Reason to Upgrade Your Appliances
Apart from redecorating your home, being an Airbnb host will give you a very good reason to upgrade your aging appliances to meet the high standards expected by your guests.
10. You Get to be Your Own Boss
Once this works out well for you, there is a good chance that you might be managing more than just one property all bringing in a sizeable income. You will effectively be your own boss and depending on how much you are earning, could very well quit your 9-5 and do this fulltime on your own terms.
Being an Airbnb host is nothing short of an adventure that actually makes you money. It’s exciting and profitable.