Making money from hosting an Airbnb experience can be a fantastic way to earn some extra income. However, there are key things to note before you get started. In this two-part article series, we will cover some of the basics of how to make money from hosting an Airbnb experience.
Airbnb is a platform that allows everyone to list, discover, and book unique travel experiences around the world. Airbnb experiences are activities led by a local host and designed to give travelers an authentic, one-of-a-kind experience.
As a host, you can choose to offer any type of experience you want. Some popular examples include cooking classes, city tours, and outdoor activities. However, for part one of this series, let's tackle the basics of becoming an Airbnb host and making money.
1) Know What Experience You’re An Expert In
The first step to making money from hosting an Airbnb experience is to identify what experience you’re an expert in. What are you passionate about? What do you love to do? What are you good at? The key is to find an experience that you’re passionate about and that you know you can deliver to your future Airbnb guests.
2) Focus on Interactive Activities
When it comes to choosing an experience to host, it’s important to focus on interactive activities. This is because interactive experiences are more likely to result in positive reviews, which is essential for becoming a successful Airbnb host. Not to mention, interactive experiences are also more likely to be shared on social media networks, which can help you attract more guests.
3) Have Your Schedule as Flexible as Possible
Flexibility is key when it comes to hosting an Airbnb experience. Keep in mind that your guests will likely be traveling from all over the world and may have different schedules. As such, it’s important to have your schedule as flexible as possible to accommodate your guests and provide them with a memorable stay.
4) Build a Proper Listing for the Airbnb Experience
Just like any Airbnb listing for a property, it’s important to build a proper listing for your Airbnb experience. This means including high-quality photos and videos, as well as a detailed description of what your adventure entails. Additionally, be sure to include any relevant information, such as what guests need to bring and what they can expect during the experience.
5) Set the Price and Accept Bookings
Once you’ve got your Airbnb experience planned out and listed on the platform, it’s time to price your adventure. It's a must to consider the cost of your time and any materials you’ll be using, as well as any other fees associated with your experience, to calculate how much the guests need to cover in terms of overall expenses and your own personal profit.
6) Keep Airbnb's Service Fee in Mind
Airbnb charges a 20% commission fee to the host for every experience booked through their platform. This means that if you charge a client $100 for your experience, you will keep $80, and Airbnb will take the remaining $20 for their commission. However, the final price may still vary depending on a few factors.
In summary, make money from hosting an Airbnb experience by setting a price that covers your costs and leaves you with a profit. With some planning, earn from sharing your passions with guests from all over the world. Stay tuned for part two on some Airbnb experience suggestions.
To know more about hosting an Airbnb experience and maximizing your Airbnb's earnings by clicking the link to join BeyondBNB.io for our next free training event, where we’ll detail on how hosts can increase their earnings by up to 389%. Get in touch with us today!