How to Make Money with Airbnb

Airbnb was launched in 2008. It started as an online platform where people looking for accommodation were connected to people who wanted to rent out space.

Being an Airbnb host almost seems like being the owner of a mini motel. And some people may think that it’s just too much work. But you don’t need a lot of capital or experience to start.

How Airbnb Works

It has a very simple business model. There are people with extra space and they’d like to make good use of it so as to reduce cost of ownership. Then there are travelers who are willing to pay for somewhere to stay when in town or have cheaper, homely accommodation for longer periods.

Is Airbnb Hosting Right for You?

Potential hosts are the backbone of Airbnb. The company is just a middleman. Because of the high demand for accommodation caused by the growing popularity of Airbnb, there has been an inventory shortage. Some super hosts are even becoming overwhelmed by the demand. This means that there’s an opportunity for you if you desire to get in the business.

Making Money with Airbnb

While this may seem like a simple business, you still need a plan. First, know your market and assess whether your listing will have demand.