How to create an own startup like Airbnb?
Starting an own rental online marketplace like Airbnb is the perfect business idea. Before starting as an Entrepreneur, you must have good knowledge on business model, implementing Strategy and need to understand the market, technologies, new and existing competitors, infrastructure, dependencies, etc.
To save your time and make your work simple We have put together this simple step guide to starting your Airbnb business. These steps will ensure that your new business is well planned out.
Planning your Business
A clear plan is essential for starting a successful rental online marketplace. It will help you map out the specifics of your business and discover some unknowns. A few important topics to consider are:
1. Understanding Airbnb and its business Model
2. Business Registration
3. Choosing the Suitable Platform
4. Marketing
1. Understanding Airbnb and its business Model
Airbnb is an online marketplace that connects people by providing a platform between the travelers and owners to book rental apartments based on days.
Airbnb platform greatly benefits the owners and travelers. Hosts are owners who can earn by renting or leasing their fully furnished house and travelers who are looking forward for a budget friendly and comfortable environment to stay.
Airbnb business model:
There are three key strategic partners involved in this business model:
· Hosts
· Guests
· Freelance photographers
Hosts: They are people who owns a property and want to rent them or lease them. Airbnb gets a certain percentage of commission from these owners.
Guests: Travelers, families, people in business trips who wants to stay comfortable will prefer this platform. Airbnb gets a commission upon them for every booking.
Freelance photographers: Airbnb pays the freelance photographer who visits to the homes listed in the portal and take HD pictures of the houses. They are hired and directly paid by Airbnb portal.
2. Business Registration
Once you have planned the idea for your business model, steps and entity you must concentrate on Registration of our Business.
Business Registration is legal, and it counts on any work we do, and the investments becomes accountable for various entities.
Every states and cities have their own zoning laws that may require you to obtain a license or registering before being able to legally Start your business. For more information about licenses and permits get assistance from the business associations.
3. Choosing the Suitable Platform
Building an online rental platform are quite complicated to create. They need to handle many complicated features like filtered searching, geolocation, online payments, communication between the users, and review. There are many options in the market to create application like Airbnb
· Create from the scratch
· Hiring a developer
· Outsourcing the projects to agencies.
· White label Script / Ready-made Script
My recommendation is to go with the Readymade Script — Airbnb clone. The simple and powerful way to enter the market in no time is with this White label solutions.
There are lots of marketplace script solutions (Airbnb clone) out there. Check this blog to know “How to choose the proper Software for your Business”
4. Marketing:
One of the most effective and easy way of marketing is the Digital marketing platform use social media to attract new clients or customers. Digital marketing has grown drastically in recent years. It serves as the affordable medium for most startups over past few years. If you need any help in starting your product marketing pokescripts offers you a quality Digital Marketing & SEO Services.