Do you want to make money with Airbnb? Here are some ideas you can use to earn from Airbnb.
If you have a property that you’re not using, even if it’s just a bedroom, you can become an Airbnb host to make extra money. The best thing about Airbnb is that you are free to rent out either spare rooms or an entire building.
The main job on Airbnb is renting out properties, however, it is not the only way to make money on the platform. There are other services that you can offer to boost your profits.
Read further for an in-depth look into additional services you can offer to make money with Airbnb.
Here are the services that will be considered in this post:
- Guided tours
- Bicycle or motorcycle rental
- Airport pickup/ drop-off
- Cooked meals
- Tickets to events
- Equipment rentals
- Concierge service
- Dropship artwork
- Mini bar
In this section, I will explain how each of the services can help you make money with Airbnb. At the end of this article, you should be conversant with all the services and should also be able to pick one or two that you will use to earn from Airbnb.
1. Guided Tours
One of the services you can offer to make money with Airbnb is a guided tour. Most tourists often end up paying for guided tours when they arrive in your area. Instead of losing this money, you can include it as one of the services you offer.
When you include a guided tour in your guests’ stay, you will be able to help them achieve what they have on their list of the things they want to do while you make more money in the process.
2. Bicycle or Motorcycle Rental
You can help your guests easily get around by offering a bicycle or motorcycle rental service. Your guests will most likely rent some form of vehicle while staying at your property. You can make more money as a host by offering a motorcycle or bike rental service.
3. Airport Pickup/ Drop-Off
Leisure and business travelers will want to have a convenient experience and you can make this possible by helping them to get to and from their flights through an airport pickup or drop-off service.
You don’t even need to drive them yourself. To offer this service, you can use a local transportation service to get rides for your guests while you just charge a fee for the convenience you’re providing. Ensure you price your service reasonably so that your guests won’t go for Uber or other car services.
If your guests want to stay longer than one night, they will need a cleaning service (since cleaning before they arrive will not be enough). To make more money on Airbnb, you can offer a cleaning service.
In this case, you can either offer the cleaning service every day whereby you will clean up after your guests leave in the morning. You can also allow your guests to choose how they want the service to be offered.
5. Cooked Meals
When travelers arrive at a new place, they love trying out new restaurants. However, you can also offer them cooked meals at your rental while you earn for this convenience.
So, if your rental property is in a popular tourist area, you can offer your guests breakfast as it will help you make money with Airbnb.
6. Tickets to Events
If your rental property is in an area where events are regularly organized, you can earn more from Airbnb by offering event tickets to your guests.
While you are providing these tickets, don’t forget to state them in your listing description so that they can attract more guests. By offering this service, your guests will not have to look for tickets to events on their own.
You can charge more for this service since you are making their stay more convenient.
7. Equipment Rentals
Another way to make money with Airbnb is by offering equipment rentals.
In addition to bicycle rentals that I talked about earlier, you can also offer surfboard, ski, kayaks, or paddleboards rentals.
The only challenge you may encounter is maintenance but you can overcome this with enough forethought.
8. Concierge Service
Concierge is another service you can offer to increase your income from Airbnb. Good hotels have good concierge services, where they help guests make reservations at a spa, book tickets to local events, arrange babysitters, and lots more.
To start offering this service, you need to approach businesses in your locality and build a relationship with them. Try and see if they would be willing to paying a commission for directing clients to them.
For instance, Zeel offers local masseuses. They will bring the equipment they need as well. You can easily find someone that operates in your area on the platform.
Once you have built your connections, you can then design a simple flyer that spells out the services you offer. The content of the flyer can be something like what I have below:
“We are here to help you enjoy a hassle-free stay. We can help with the following services:
Local tour guides
For more details, kindly call or send us a message at [phone number].”
If your guest is interested in a massage, they can contact you through the phone number on the flyer. You can then check to see if the masseuse would be available to offer such a service. The masseuse will accept the payment and pay you a commission for referring the client.
Too busy to take the bookings yourself? You can hire the service of a virtual assistant on Fiverr. Simply head to the site and you will come across lots of virtual assistants with great English. These professionals can provide top-notch through email and phone.
Since most of these virtual assistants are from India and the Philippines, their rates are low and you can easily hire an educated virtual assistant for about $5 per hour. If you want to use the service of a Virtual Assistant, ensure the contact details on the flyer are for the VA (i.e. Virtual Assistant).
Don’t forget to focus more on quality. Directing your guests to a bad masseuse just because you want to earn some commissions will give you a bad reputation on Airbnb. The best way to go is to help your guests find the best place and offer them the best services that will make their stay memorable.
SEE: Make Money on Fiverr
9. Dropship Artwork
Another way to make money with Airbnb is to sell your artwork. If you are a talented artist and you have artworks that you can sell, you can curate your gallery in your Airbnb. You already have an audience (your guests) that will see your work.
If you want to make a sale from this strategy, you need to use some forms of technology. This is where you need dropshipping.
Dropshipping refers to a store fulfillment method where you don’t need to stock the products you sell. When a guest orders a product, all you need to do is to order the product from the supplier and it will be shipped directly to the customer.
This is a brilliant business model since you don’t need to buy stock, you don’t need to have a warehouse where you store goods, and you don’t need to bother about shipping.
Many companies use print-on-demand technology to offer drop shipping services for prints.
To apply this business model to artwork, simply design a Shopify store, look for a print-on-demand company (like Inkthreadable) that can do prints and canvas, upload your artwork to their app inside Shopify, and include your price and postage.
Your guests can buy your artwork with the click of a button.
The advantage of using this business model in Airbnb is that you don’t need to bother with any form of advertisement. All you need to do is to hang your artwork in your Airbnb and put a sticker (that contains a link to your Shopify store) next to it.
When your guests order, a copy of the artwork will be printed and shipped to them. If you are not an artist, you can easily partner with a local artist. The artist will provide the art that you will hang on your walls while you will send clients to them, and both of you share the profits.
Many people use Airbnb to travel and celebrate special events. These can be an anniversary, family reunion, birthday, or other get-togethers. You can help your guests celebrate these moments by decorating your space for them.
You can charge your guests for the decorations you do so they don’t have to bother about doing it themselves when they arrive.
11. Mini Bar
Offering a mini bar service is an easy way to increase your income on Airbnb. To get started, simply stock a box with coke and snacks, then leave an honesty box beside it. You can also get an affordable mini-fridge for this purpose.
Put a note with the price list and let your guests enjoy themselves.
You can get a multipack of Coke on Amazon Prime. The sales you make from this service can be used to settle other bills and can also serve as a new income stream.
I understand you might be wondering about how to receive payment. The easiest solution is to use PayPal’s PayMe feature. Simply create a unique link that the guests will use to pay for the drinks.
After creating your menu, print your PayPal PayMe link and the price of each of the items on some labels. Stick the labels on your products. Whenever your guests are hungry and they take the snacks and drinks, they can easily make payments via your PayPal PayMe link.
How to Sell Additional Airbnb Services to Your Guests
To sell any of the services discussed above to your guests, you need to convince them to use the services. You can do this by promoting your services in a way that attracts your guests.
When you receive an inquiry call from your guests about reservations, don’t forget to let them know the additional services you offer and the benefits they stand to gain from using those services.
Also, highlight these services on your Airbnb listing so that your guests can see them when they are checking for reservations. This will even entice them to lodge at your property.
How Much Can You Make with Airbnb?
On average, you can make about $924 per month as an Airbnb host. This figure is from research conducted by low-interest lender Earnest.
This income can vary and depends on your location, how frequently you rent your property, how quality your home is, and the services you offer.
How do Airbnb owners make money?
Airbnb charges guests before they arrive and your money will be released depending on the payment method you use (such as PayPal or direct deposit). The money will be released 24 hours after the guest checks in.
The host fee ranges between 3% and 5%; so the listing price will be higher than your earnings.
Is Airbnb more profitable than renting?
Airbnb pays a higher rate per night than traditional renting. Some Airbnb hosts also stated that they were able to earn three times the amount they would have earned from traditional renting. However, this can only be achieved with an Airbnb with a high occupancy rate.
In this post, we have considered the different services you can offer to make money with Airbnb. I believe these services must have given you a solid understanding of how you can earn more income as an Airbnb host.
No doubt, you need to put in a lot of work and preparation to start an Airbnb. However, it is profitable for creating an alternative income stream. If you have a spare space or an entire house that you are not using, you can combine such space with any of the services discussed to make money with Airbnb.
To generate maximum profit, ensure your calendar is full and also let your price be competitive. Go the extra mile by delighting your guests and offering the services they need.
If you are ready to start making money on Airbnb, I recommend starting with concierge services since you don’t have to offer the services yourself. You can partner with a local specialist while you earn commissions for referring customers to the specialist.
Also, you can dropship artworks. You can earn from this service whether you are an artist or not. Also, you can start without stocking any item or bothering about shipping.
Talking of dropshipping, here’s a guide on how you can make money with dropshipping. Thanks for reading.
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