Airbnb continues to grow at an impressive rate. Airbnb is one of the most recognizable members of the sharing economy, where other businesses like Uber and Snapgoods have found success. These wildly successful businesses clearly all have aspects that startup owners and entrepreneurs can learn from. Airbnb in particular has a number of business strategies that helped make it successful. For startup owners, mimicking these strategies or basing ideas off them can be a wise move.
How to Start an Airbnb Business
How to Start a Profitable Airbnb Business
As Airbnb plans to expand into China or any other new business environment, the company has to explore the risks that may be faced in such actions. Any business must have plans for risk identification and management. Turner and Keetelaar , report that risk management is an inescapable part of business operations as it is not possible to predict the nature and time of risk occurrence. Risks can be opportunity based as well as uncertainty based.
Airbnb Rental Business Plan Sample Template
The Airbnb business model immediately appealed to avid travellers who wanted not only better prices than hotels but unique experiences. Founded in Airbnb has gone on to become a global brand that is used by millions around the world. At its heart, it is a platform business model that connects hosts with people seeking accommodation.
One of the ways to do this is to become an Airbnb property manager, also called co-hosting. So how can you become an Airbnb property manager? You never know when regulations will change and force you to switch to a long-term rental model. In most cases, the homeowner is allowed to do what they please with the property — if they want to list it as a short-term rental, there are far fewer regulations stopping them. Plus, if regulations do pop up against short-term rentals, you have nothing to lose.