Two Ways to Make Money with Airbnb
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Airbnb offers an excellent opportunity to make extra money, whether you're looking to rent out a spare room, a converted space, or even an entire property. If you're thinking about turning your home into a source of income, Airbnb provides a flexible and straightforward platform to help you do so. In this article, we’ll explore two main ways you can earn money with Airbnb: hosting a property and referring new hosts.
Whether you're interested in hosting guests directly or helping others get started, both options offer potential for creating additional revenue streams. Let's dive into how you can start making money with Airbnb.
1. Host a property
The most straightforward way to earn money with Airbnb is by hosting a property. Whether it’s a spare room, a converted shed, or even a unique space like a yurt, if you have extra space, you can transform it into an income-generating asset by hosting paying guests.
This is something we’ve been thinking about for years. Perhaps by building an Airbnb garden room!
We know someone who has had great success with Airbnb. They took a simple approach by splitting their house into two sections, without making permanent changes. They lived downstairs and converted the upstairs into a small two-bedroom holiday let. With a little investment in adding a kitchenette and a shower room, they were able to create a fully functional rental space.
The beauty of this setup was its minimal maintenance. For example, when they had long-term guests, they didn’t have to do anything for months. Between guests, it was just a matter of cleaning, changing the sheets, and greeting guests at check-in and check-out. This only took a couple of hours per week, and they earned between £15,000 to £20,000 annually with very little effort.
If you’re thinking about hosting a property or a room on Airbnb, there’s plenty of helpful information to get you started. Airbnb makes it easy to list your space and provides resources for new hosts.
Simply click here to learn more about becoming an Airbnb host
2. Refer-a-friend
The second way to earn money with Airbnb is to share your unique refer-a-friend link once you are signed up to recommend other people to become a host. If they do, you get paid a referral fee.
It’s a great way to earn money without needing to open your home to guests directly. All you need to do is recommend the platform to friends, family, or even social media followers, and if they sign up and successfully list a property, you can earn a bonus for each new host you bring in. This is perfect for those who may not want to deal with hosting, but still want to earn some extra cash from Airbnb.
What’s great about the referral program is that it’s not limited to just one person. You can refer as many people as you like, and the more hosts you bring on board, the more you can earn. Whether it’s a casual mention or a full-on promotion, it can be a passive income stream that adds up over time.
If you’re already active on social media or have a lot of friends who are into travel or real estate, it’s worth giving the referral program a try.
And just like hosting, Airbnb makes it easy to get started. Once you're signed up as a member, you can access your unique referral link and start sharing it across different platforms, whether that’s on your blog, social media, or even through direct messages with people who you think might be interested.
In addition to the financial incentives, the referral program is also a great way to share the Airbnb experience with others. You can help people tap into a new way of earning income, just like you have, and build a network of Airbnb hosts around you. Plus, you can feel good about spreading the word about a service you believe in.
Final thoughts
To summarise, there are two main ways to earn with Airbnb: hosting your property and referring new hosts. Both options provide an opportunity to generate extra income, depending on your situation. Whether you have a spare room or prefer to share your referral link, the platform offers flexibility to make it work for you.
We’re excited about the possibility of Airbnb in the future and will be keeping these options in mind as we grow our income streams. If you’re considering getting involved with Airbnb, either by hosting or referring others, it’s a great way to supplement your earnings and build financial security.
Click here to learn more and become an Airbnb host
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