Airbnb For Dummies

Chapter 8

Increasing Your Profit Potential

IN THIS CHAPTER

Identifying easy profit opportunities

Minimizing operating costs

Spending wisely as a host

Expanding revenue potential

After the initial ramp-up period, your Airbnb listing’s performance will stabilize — its bookings revenue and profits begin to fall into a predictable range. However, if you don’t make deliberate changes to your listing or to how you host, your Airbnb listing’s performance will stay about the same going forward.

Although it would be obvious that your listing has room for improvement if it were struggling to attract guests and achieve profitability, spotting opportunities when your listing is already getting consistent bookings and profit can be difficult. You might leave money on the table and not even know it.

Ask any two randomly selected profitable Airbnb hosts on how they best can increase their Airbnb profits, and you’ll almost always get different answers. Although you can try dozens of strategies, they all fall into two basic categories. That’s right, you can only increase profits in one of two ways: ...