Sharing Economy

How To Monetize Your House In The Sharing Economy

How To Monetize Your House

The easiest way to make money in the sharing economy is to monetize your most valuable asset: your house. Monetizing property is nothing new of course, people have been renting out accommodation for thousands of years.

However, with the arrival of short term rental platforms such as Airbnb, VRBO and Homeaway, it is now easier than ever to make money with a house, room or even a couch. There are a lot of advantages of renting out this way versus the traditional long term rental option. And the best thing is, you don’t even need to own a property. You can list rented accommodation as well. Read more

Monetization Series: How to Monetize Your Assets, Skills and Knowledge

monetize yourself

Do you have a regular job that you don’t particularly like? Do you ever sit at your desk, dreaming about what life would be like if you would have the freedom to do what you love and make a living? If so, then this post is for you!

There has never been a time in which living the life of your dreams has been more within your reach then right now. Modern technology allows many of us to work remotely from any location. The internet provides opportunities for starting an online business in almost any niche. The sharing economy allows us to easily monetize our assets, skills and knowledge through platforms such as Airbnb, Uber, Wyzant, Takelessons and countless others. Read more

How Airbnb Hosts Can Prevent Damage To Their Property

When I talk to fellow Airbnb hosts, I always ask them if they were apprehensive about letting random people from the internet into their homes. The answer is always a clear "yes."

The next question I ask them, is if those fears ever materialized. The answer to this question may surprise you. It's almost always a very definite "no."

The biggest worry that people have when renting out their space on Airbnb is that guests will damage their property. Particular questions that are often raised include the following:Read more

How Airbnb Gave Me Financial Freedom And Wings To Fly

How Airbnb Gave me Wings to Fly

In the winter of 2010, I decided to quit my financial career. I booked a one-way ticket to Brazil, sold my belongings, packed what was left in two suitcases, and ventured into unchartered territory.

I didn’t know what I would do for money or where I would end up in the world; I simply recognized that I was taking the first step of an epic journey. Read more

Three Tips To Set The Optimal Price For Your Airbnb Listing

Pricing your Airbnb listing

During my travels, I often stay at Airbnb apartments across the globe. Since I am a host myself, I pay close attention to various aspects of the listings I peruse.

One of those aspects is price. Over the last few years, I have noticed that most hosts have a fixed daily price regardless of the day of the week or month. This is highly surprising. Why? Read more

Why Communication With Your Airbnb Guests Is So Important

The main concern that most people have about Airbnb is that they will not be welcomed appropriately upon arrival. Guests are fraught with innumerable concerns and questions.

Will my host be on site when I arrive? Will he answer my phone calls? Will he be thoroughly prepared for my stay?

Truth be told, these fears are completely understandable. Why? Because most travelers are accustomed to staying at corporate style accommodations, i.e. hotels. Read more

How To Craft The Perfect Airbnb Title

Creating the perfect Airbnb title

The main promotion avenue for your Airbnb listing is the Airbnb search results. This is where potential guests shop for relevant listings.

When your listing pops up, the first thing a user will see is the title of your listing along with the primary photo of your home.

These two pieces of information are what will burn an indelible first impression into the mind of the user. Accordingly, these components must be of the highest quality if you expect guests to inquire further.Read more

Managing Check-ins For Your Airbnb Listing

Airbnb Hosting while out of town

One of the reasons why I love Airbnb is that it enables me to travel. I make money everyday, even if I’m lounging at a beach in the south of Brazil or jumping off a ski lift in the Swiss Alps.

But when I first transitioned from fixed-term rentals to Airbnb, I was a bit dumfounded as how I could manage my budding business while maintaining my nomadic lifestyle. Read more

How A Bad Review Can Boost Your Airbnb Business

Bad review, a good thing?

An integral part of a solid Airbnb business is receiving an abundance of positive reviews. Airbnb is built on trust, reputation, and social standing.

Accordingly, nothing entices new guests more than a collection of stellar recommendations from former guests.

It must logically follow, then, that bad reviews are the kiss of death, right? Not necessarily. Read more

Turning A Negative Airbnb Experience Into A Positive

My Worst Airbnb Experience

In the summer of 2013, life was good. My Airbnb business was in full swing, earning more than double what I was making from my fixed-term rate.

I had hosted over 60 groups and had a healthy collection of glowing reviews and five-star ratings. My listing was on the up and up. And then, without warning, disaster struck.

I received the following message from a guest who had just checked in in a day earlier: Read more

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