Passive Income: The EASIEST Way To Make $100 Per Day

Published on October 11, 2020

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My step by step guide on how to make $100 a day with Airbnb

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If you ever wondered one of the best way to make money, this is it. This is how I made money using the airbnb app. After quitting my job, I had no supplemental income so I was forced to learn a new skill that taught me how to pay my bills. This is everything I learned in two years as an airbnb superhost.

Ultimately this is what allowed me to quit my job and take a risk by starting my channel here on Youtube. Without this income, I wouldn’t have been able to pay my bills, I hope this guide is helpful for you. Unlike stocks, dividends, and robinhood, this specific investment is one of my best investments I’ve ever made.

Here are some optimized pro tips for how to make money online and offline using the app.

  1. Airbnb does not have to be expensive. I started by buying a steel frame for my bed which cost around $100. I also purchased a queen size mattress for around $200 from Amazon. I decided to decorate my place by making it bright and inviting so I bought a teal rug, used my old desk, and purchased a futton which doubled as a full/queen size bed. Total cost to set up was $650.

  2. If you’re going to make money with airbnb, you should be able to host at least 4 people. If you can, host 6 people and you will have far more people book your place. People like to travel in groups and split the cost. It’s common practice for the airbnb host to charge extra for each guest after the first 2. These are some of my favorite bookings and you can easily make upwards of $300+ a night (especially on weekends).

  3. Make your profile picture family friendly. It’s important to let the guest know you are there to provide a place to comfortable place to stay that’s safe. If you come across as a “bachelor”, you will lose a large portion of clientele on airbnb.

  4. Prioritize these 3 factors. Location, safety, and cleanliness, these are the top 3 things people value the most. Sell your listing by telling guests proximity to grocery stores, bus stops, tourist attractions, etc. People like walkable locations. Emphasize privacy and safety by giving your guests their own key to lock their space so that they feel comfortable leaving their valuables. Keep your place clean and take bright photos!

  5. When it comes to advertising your space and getting your first booking, price your listing competitively and undercut the market. This will allow you to build the first few reviews and then you can charge more. It also helps to take nice pictures with a wide angle lens. If you don’t have anything on hand, borrow an iPhone 11 and take pictures with that. For extra credit, make a short video. After your place gets booked and your guests arrive, it’s great to show them a handbook that shows them your favorite hotspots such as restaurants, attractions, things to do and see, etc.

  6. If you have a larger budget, focus on automation. You can automate from locks, to writing up reviews, lights, etc. If you do this right, you can make it so you never have to meet your guests making this a 100% passive income investment.

  7. Please check city zoning rules and regulations. This is especially true if you want to convert spaces into full time airbnb such as a garage space. Your house has to meet certain criteria in accordance to city regulations and HOA rules. If you google your city + airbnb zoning, you will most likely find a website that shows you where you can and can’t have 30 day short term rentals. Unfortunately, there is no universal website I’ve been able to find that shows it for each state/city.

  8. Don’t get discouraged if you have a bad first experience like I did, keep with it and you will quickly be able to more than just your mortgage, and you’ll eventually start earning $100 a day and more.

*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

100 Passive Income Ideas

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Passive Income After Retirement – Possible Or A Pipe Dream?

There is, and you don’t even need to go back to college like I did. What are you doing to put in place passive income streams? And you can normally recruit as many individuals as you ‘d like. That is comparable to setting passive income streams.

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Passive Income: The EASIEST Way To Make $100 Per Day, Explore trending full length videos relevant with 100 Passive Income Ideas.

10 Terrific Ideas For New Income Streams For Your Service Business

We are unable to get guaranteed earnings from it. Yup, that’s right, the web belongs to a gold mine, so don’t pass this chance up! Another method of saying is to determine your Desperation Ratio.

The majority of people would like a possibility to make money for very little work. If all the work you did paid off regularly for the rest of your life without any additional work from you, it would be good. While this might look like an insane idea, there are actually lots of manner ins which you can make passive earnings every month. This is merely earnings that comes no matter what you do, and needs no effort to preserve. It might feel a little like getting cash totally free, although you need to make wise financial choices or an initial investment to get the cash. Below are some methods you can make this kind of earnings.

Paper. This is probably the easiest of the passive income sources. By investing your cash appropriately you can generate money flow through the marketplace as well. But it’s likewise the most riskiest. Paper investing like stocks, bonds and so on are very market delicate. Markets increase, markets decrease, and markets go sideways. The issue with paper properties is that there’s very little or no protection when the marketplace goes bad. When the market goes up and lose whatever coming down, they do well.

Among the best methods to establish passive income streams is to start a network marketing business. However, not all of them are the exact same. You wish to join an opportunity that offers you one or more avenues where you can generate money without having to work from sunrise to sundown on the business. My online shopping business enables me to make money doing something I like while providing me the time to invest with the individuals I like.

When you are looking for passive income ideas, you are going to wish to have a look at a few of the most effective individuals worldwide. Among the factors that many of these individuals are so effective is since they knew how to put themselves in a position where they were going to be earning a terrific earnings. By studying the concepts that they had, you’ll start to get some concepts of your own.

The culture of today says we ought to appear as supermodels, while staying inactive and stagnating in our lifestyles. This might be tough to believe, however that’s the method life is, and almost everybody wishes to be excellent looking.

Passive earnings, in Web marketing terms merely means earnings that you make on a returning basis with no extra work needed. So you do all the hard work once and then gain the benefits over and over again. This is automated earnings. There is naturally a little work needed to look after your business. However absolutely nothing beats passive earnings.

Do earnings from a number of different sources sound like something for you? Then it is time for you to do something about it. Be innovative and start developing more earnings sources for yourself today.

You can select to provide yourself a pay raise, just by developing more passive income streams. The step is all about generating income from the website. Keeping an excellent money flow of passive earnings is the key to wealth.

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