How to Kill It On Airbnb

The shared economy has become very lucrative in recent years and there is no better example of that than Airbnb. Thousands of property owners across the globe have been able to earn a side income or even a decent full-time wage from renting out their properties. If you want to join them and make your own fortune by sharing your property with others, here’s what  you need to do:

Check Out the Competition

If you want to do well on Airbnb, you’re going to have to ensure that your properties match up to the best properties on offer to your demographic. So, if you’re aiming at a luxury market, you’re going to want to book yourself into a few luxurious vacation homes. If you’re aiming at the cheap and cheerful end of the market, you’re going to want to stay at a few budget hotels. Why? So that you can see what they do and work out what kind of things your guests will be expecting.

Ensure Your Property is Up to Scratch

No one is going to stay in an Airbnb rental that doesn’t look good. Nor are they going to stay in a rental that’s without the necessary amenities. So, if you want to make money from property in this way, renovate, decorate and furnish appropriately. The more you can offer, the more likely your property will be chosen over others.

Take a Vacation in Your Property

Once you think you’ve set everything up right, have your own vacation. Yes, I’m telling you to take a vacation in your own rental. Why? Because you’ll be able to work out the kinks. You’ll also be more likely to discover things you’ve missed out. Think like a vacationer and you’ll create a property they’ll love.

Use a Professional Photographer

Showing off your property on Airbnb is a must. You want to capture the audience’s attention and have them choose your properties over others. The best way to do this is with amazing photos. You may be able to take decent pictures yourself, but professional ones will be even better.

Create Compelling Copy

If you’re serious, you may also want to hire a copywriter. Instead of writing basic descriptions of the property, they can tell a story. They can weave a compelling narrative that shows prospective guests exactly what a vacation in your property will be like. Once they can smell the sea air and feel the luxury of your furnishings, they’ll book.

Take Feedback Seriously

Another thing you’ll need to do is ask for and listen to feedback. Once a guest has visited your property, they are your best asset. Positive or negative, what they say about your property matters. Not only because it could convince others to stay with you or not, but also because it can help you. If your guests thought the bed was lumpy, change it.If your guests would have liked a fully-stocked fridge, head to the grocery store. Comply with reasonable requests and you’ll be highly rated and popular.

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