The vacation rental industry has been booming over the years worldwide. Many people are joining this lucrative field, despite not having the luxury of being property owners. Though there are different online money-making opportunities that you can venture into in Australia, Airbnb is one of the most lucrative opportunities you can trust.
This article covers ways of making money on Airbnb and answers common questions related to the platform. Read on to learn about these highly lucrative opportunities for Australians.
Top Money-Making Opportunities for Australians
Aside from Australia’s natural wonders, beaches, and wide open spaces, the continent also has incredible business opportunities. Though there are numerous profitable business ideas you can try, there are top money-making opportunities for Australians that are better than the rest. Whatever business you choose, it needs proper planning and execution.
Become a Property Manager
Managing a property is one of the best ways to make money without investing in the vacation rental industry. With the rapid growth in the vacation rental industry, it means that the demand for property managers in Australia has also increased. Those in this line of work are known to have flexible working hours, and this venture will work best if you’re a short-term property manager.
To work as a short-term rental property manager, ensure you understand Australia’s legal requirements. This will help you know how to stand out from your competitors. This role comes with the following responsibilities:
- Managing the property per owner need
- Confirming bookings
- Handling property inspections
- Communicating with guests
- Creating digital brochures
- Supervising the check-in process
- Marketing the property
- Organizing cleaning and maintenance
Why Being a Short-Term Property Manager Is an Excellent Decision
Property managers have a flexible working schedule, meaning you won’t be straining like for the typical nine-to-five jobs. Another thing is you don’t have to own a property to manage it. All you need to do is consider building on certain skills to stand out.
Though a property manager’s tasks seem overwhelming, this should not be the case. You can make it easier by investing in vacation rental software such as iGMS to automate tasks. This software can help you to:
- Manage multiple accounts and listings on vacation rental platforms
- Organize inbox messages into a single feed
- Automate templates and trigger messaging
- Manage direct bookings
- Share daily schedules and auto-assign tasks
- Create reports and track metrics
How much will you make in this role? A property manager in Australia can easily earn between $65,000 and $85,000, which is approximately $56 per hour.
Become an Airbnb Consultant
If you have worked as an Airbnb property manager, consider being a consultant with the platform. It is a lucrative post in the vocational rental industry, and you’ll help other entrepreneurs succeed. In addition to your short-term rental managing skills, you need to be a good marketer to build your brand.
As a consultant, your purpose is to assist hosts in maximizing their bookings and improving their ranking. This may also include helping clients buy and sell short-term rentals. If you want to maximize your earnings in this venture, then you have to identify a specific niche. To achieve this, conduct thorough research and focus on your skills before deciding which service you are going to advertise.
Why is becoming an Airbnb consultant a great idea? This career implies positioning yourself as an expert in the field. And since you’ve got the desired experience, the start-up cost will be minimal. Other than that, you’ve to be self-motivated to be successful in the vocational rental industry. How much you make as an Airbnb consultant in Australia depends on factors like demand, location, amenities, property type, and occupancy.
Host an Airbnb Experience
This is one of the most lucrative online money-making ideas people have yet to explore. Airbnb Experience was launched in 2016 by Airbnb, and it has helped hosts in generating steady revenue. You can offer activities such as cooking classes, art classes, and traditional guided tours that guests can book.
By hosting experiences, you stand a greater chance of generating more income by sharing your passion or hobby. You can offer an Airbnb experience in the comfort of your home but check as you may need to apply for a business license. Airbnb Experience is a lucrative online money stream, as you stand a chance of being paid between $25 to $150 for each guest who signs up. Naturally, marketing your services on social media and other platforms will go a long way.
The Takeaway
Airbnb is now among the top money-making opportunities for Australians. The above strategies need commitment, hard work, and the right skills for success. So, if you don’t have the financial resources to own rental properties, don’t worry! There are many more ways to earn a living in Australia. Take advantage of this touristic country today!
