A challenging economic climate and the steady rise in the cost of living has left many South Africans struggling with their financial obligations. According to Moneyweb, more than one in three South Africans are working second jobs to make ends meet. It is clear that many people are now looking at how to supplement their income in innovative, manageable ways.
One such way is through Airbnb, a digital platform that enables people across South Africa and worldwide to make some extra money by becoming a host - whether it’s sharing their home with guests from around the world or hosting an experience - for example, leading a cooking class or a walking tour around a township.
In South Africa, 61% of hosts surveyed by Airbnb report their primary reason for hosting is additional income. Since Airbnb’s founding in 2008, South African hosts on Airbnb have earned nearly $206 million from hosting, with the typical host earning 1 900 USD from June 1, 2017 to May 31, 2018. These hosts are welcoming guests and showcasing South Africa in a unique way, while earning extra income. Last year, Airbnb reported that approximately half of all the Airbnb hosts in the country are hosting in an effort to supplement their income as a freelancer, part-time worker or stay-at-home parent. And according to the survey, roughly half of hosts across some of the most popular other African countries on Airbnb report that they use this extra income to help make ends meet and afford staying in their homes.
There are three ways in which one could earn extra income from Airbnb.
List a spare room or an entire home