Ten Ways to Increase Your Airbnb Income

Making money on Airbnb can be tricky when you start out. Here’s a guide to help new and experienced hosts increase their income.

Fortunately it is possible to significantly increase your Airbnb income, but it will take a lot of hard work, creativity, and sacrifice. If you are not willing to invest time, money and sweat you will never see your Airbnb revenue grow.

Now, we of course think you should consider Payfully, a safe and secure way to get paid instantly for upcoming bookings, but there’s tons of other ways to boost your Airbnb income.

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Ten Ways to Grow your Airbnb Income

1. Remodel your place. Even simple touch ups, like a new coat of paint or better appliances, can make your place more appealing to guests. Bigger changes such as new floors and improved handicapped accessibility, can make a place easier to book.
2. Become an experience host. Experience hosts create unique experiences based on their passions or interests. For example introducing out of town foodies to your town’s restaurant scene. Successful experience hosts can generate scores of new bookings.
3. Take advantage of Airbnb Trips. “Trips” is a new feature enables hosts to use their expertise to play tour guide or capitalize on their hometown’s attractions, to attract more guests.
4. Add more Airbnb units. A host can offer bookings for as many units as he or she wants. Persons with the money can buy or rent several homes and list them on Airbnb.
5. Use a professional Airbnb management service. Such services can enable you to book out your units even if you are out of town. You can also use a management service to keep your place booked without taking time from your job or business.
6. Make sure that you have an adequate source of financing. One of the best is Payfully, a factoring service that allows you to turn Airbnb bookings and future bookings into immediate cash. Having adequate financing will enable you to take advantage of opportunities, and solve problems that can drive away bookings and income.
7. List all the time. If your bookings are not listed, guests cannot see them. Many hosts make the mistake of only listing at certain times of the year. Try to keep your units listed all the time.
8. Make your listings kid and pet friendly. Many people like to travel with their children and pets. Accommodating them can lead to more bookings — and more revenue.
9. Use a professional Airbnb cleaning service. Guests prefer a place that is adequately and professionally cleaned. A dirty place can lead to bad reviews on Airbnb that will drive away potential customers.
10. Cater to business travelers. Business travel is one of the fastest growing segments on Airbnb, and it is year round. Taking a few steps to attract business travelers such as adding high speed internet, can increase your revenues.

Increasing your income is not impossible but it will take time. The hosts who make the most money are those with the patience and persistence to stick with Airbnb, and devote as much as energy to it as possible.

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