🧠 Affiliate Codes For Airbnb Hosts
things I'm reading and who is Twitter’s new CEO?
Today’s read time: 3 minutes
What’s up party people! We’re back with another side hustle idea!
Before we dive into today’s idea, let’s connect on Twitter!
1. Business idea of the Week: Affiliate Codes For Airbnb Hosts
Businesses need customers.
And customers love discounts.
When you can align the incentives of two separate groups, you have yourself a business.
“Show me the incentive and I'll show you the outcome”. - Charlie Munger
We see examples of this in the Instagram influencer world every day.
“Swipe up and use my code for 40% off”
When someone uses their code, the business gets a new customer and pays the influencer a commission.
Now let’s apply this same concept to the world of Airbnb’s.
The idea: Create affiliate deals for Airbnb hosts.
Airbnb hosts get discount codes from local restaurants or businesses. They give their discount codes to their Airbnb guests, which drives traffic to local businesses.
When one of the Airbnb guests uses the discount code at one of the local businesses, the Airbnb host gets a small commission.
This is a win, win, win.
The Airbnb guest gets a discount, the business gets a customer, and the Airbnb host gets another source of revenue.
How to get started:
You don’t need any fancy platforms or software to get started on this idea.
Start with the basics.
Call small businesses in a specific area and ask if they're interested in offering an affiliate commission to Airbnb hosts that send customers their way. Explain what’s in it for them and how it can help them make more money.
Once you have businesses that are interested, it’s time to find Airbnb hosts that will use your service. This should be an easy pitch since you’re bringing them a new source of revenue.
You can find Airbnb hosts on local Facebook groups or find Airbnb owner information through property owner search databases.
Since you’ll be the service connecting the hosts to local businesses, there are a few ways you can think about monetizing. Take a cut of the commissions paid by the businesses, or charge a fee to the hosts or businesses to use your service.
You can also offer this service for free to begin with, to validate the business and value of the service.
This is a service that can be started as a side hustle in your local area or turned into a national business.
And I know this works because I got the idea from this Codie Sanchez LinkedIn post.
Codie already does this at her Airbnb, but the opportunity is to turn this into a service.
And that’s a wrap!
2. Things I’m Reading and Watching.
50% of Companies Suck at Following Up - by The Follow Up
How to Get Rich by Felix Dennis (founder of Maxim Magazine)
Air - New Movie based on the origin of Air Jordan.
Write on - The newsletter that makes you a better copywriter.
Who is Twitter’s New CEO?
This week, Elon Musk announced the new CEO of Twitter: Linda Yaccarino.
Elon says she will “focus primarily on business operations” and he will transition to a CTO role where he’ll “focus on product design and new technology”.
So…. who is Linda Yaccarino??
Let’s take a look at her background:
Over the last 11 years, Linda has held roles at NBCUniversal Media including President and Chairman of Cable Entertainment and Advertising.
Linda played a key role in the launch of Peacock streaming services.
Before NBC, Linda was at Turner Media for roughly 20 years. (Turner Media owns Adult Swim, Bleacher Report, Cartoon Network, CNN, etc.)
Outside of her day job, Linda also serves as Executive chair of the World Economic Forum and Executive Board Member of the Ad Council.
It’s safe to say that Linda is experienced and well-connected in the media and advertising industry.
But what do you think?
Is this a good move by Elon?
Let me know in the comments! 👇
Love this idea, makes total sense!