10 tips for using the Payoneer Refer a Friend Program

Payoneer Community
Payoneer Community
August 29, 2017

The Payoneer Refer A Friend program enables you to earn rewards for referring new Payoneer account holders. Click here for a step-by-step guide on how to use the Refer a Friend program.

Check out the 10 top tips for referring your friends to Payoneer:

1. Log in to Payoneer  and go to Activity –> Refer A Friend to start participating.

2. Share the Refer A Friend referral link on all the social media channels on which you are active: Facebook, Twitter, and LinkedIn. Do you use other social channels? Feel free to copy the link and share manually!

3. Send out the email referral to friends who would benefit from Payoneer’s services. Use the existing text or personalize your own message.

4. If you have a personal website or blog, be sure to add your personal referral link in an appropriate location that will receive traffic.

5. If forwarding your personal link, remember to copy the link from your Refer A Friend page. Make sure that your friends sign up through your personal link only. We cannot track external links which means that if friends sign up through a separate link, you will not earn a referral reward.

6. Encourage your referrals to receive their first $1,000 in payments so you both can earn the $25 reward. For more information, check out this blog: How to Receive and Access Funds with Payoneer.

7. Be open and available to answering your friend’s questions regarding Payoneer. For loads of great articles on Payoneer services, check out the How To section of our blog.

8. Access your Refer A Friend stats on a regular basis to learn which referral method is most effective for your circle of friends.

9. Use the Sent Emails list to track the emails that you have sent. Sort the emails according to Referral Status and look for those emails whose status is Shared. Follow up with these friends to encourage them to sign up for Payoneer.

10. Make sure to read the official Terms & Conditions.

 

read next

Beautiful image of Shanghai thriving in the digital economy in Asia.

Digital economy in Asia–insider’s guide into the global opportunity

Brigitte Mouchet
Brigitte Mouchet
February 10, 2017

The digital economy — built on the ability to sell and purchase products and services online — has had a profound impact on businesses around the world. Among the most noticeable changes are an almost instantaneous access to a gigantic market, and, inevitably, an intensification of global competitive pressures.

As a key enabler of the digital economy, Payoneer took a closer look at how the digital economy has affected countries and people in the world. Here are some of the unique insights into the careers, lives, and aspirations of some of our most experienced and successful customers in 11 countries in Asia — Bangladesh, China, India, Indonesia, Japan, Korea, Malaysia, Pakistan, Philippines, Thailand, and Vietnam.

The Big Equalizer

From Pakistan to The Philippines, the digital economy has ignited the entrepreneurial spirit everywhere, helping people generate extra income, often replacing traditional sources of income in places where local jobs were lacking. It has been a big equalizer for people who have been able to pursue their dream jobs, no matter where they live in the world. Goodbye 8 to 5; hello freedom!

Is this opportunity available to everyone? Barriers still exist, whether it is language, marketing skills, or access to capital. But for the most part, the internet and marketplace platforms have alleviated these challenges. Fear of change might be the only real barrier left. Anybody with a fire in their belly and a good idea can participate. The digital economy has opened the doors to a world market from the comfort of one’s home.

Money, Money, Money

Many digital workers have become very successful financially. Money is far from being the most important benefit though. Freedom and independence are even more valuable to them, especially when it comes to managing their own time. Successful digital entrepreneurs have been able to enjoy their new financial resources. This means they can travel to places they wanted to visit, or live in a country they love — where life is more affordable — while working on their business. Of course, what has made this win-win situation possible for buyers and sellers is the creation of highly efficient online marketplaces that have opened global markets to entrepreneurs like never before.

A New World View

Participants in the digital economy say their world has become bigger and smaller at the same time. Bigger because business opportunities are larger; smaller because the world is so much more accessible. Participants have been able to build successful relationships, even friendships, with buyers and clients all over the world. With this has come a deeper sense of trust between people.

Although in many cases the digital component of the new economy has eliminated human interactions, this new economic system has allowed the best of human nature to shine in new ways. Overall, participants feel confident about the future of their country and of the world. They are sharing their recipe for success with friends and family, and are supporting each other through online and offline communities.

Wish List

Optimism runs high among digital workers in Asia. Most of them feel that there is so much more to do, starting with separating business and politics, giving equal opportunities to everyone in all countries, but also the ability to be paid instantly, website pages that get translated automatically, and backend systems that communicate seamlessly with each other.

Read our full ebook here for more facts and insights, and feel free to share your comments or questions.

read next

Everything you need to know about conversion rates

Nissim Alkobi
Nissim Alkobi
December 1, 2016

Payoneer provides services to more than 200 countries, and we work hard to provide quick, innovative, and low cost solutions that will empower your business. We support over 80 currencies and various local withdrawal methods, and offer competitive conversion rates that are among the best in the industry.

Below is everything you need to know about conversion rates:

What is a conversion rate?

If  working in a global industry, you are likely receiving and withdrawing funds in multiple currencies. In these cases, you’ll need to convert from the paid currency to your local currency using the latest conversion rate: a pre-set rate to calculate the relative amount.

What conversion rates does Payoneer use for withdrawing funds to my local bank account?

While many companies set their own internal rates, Payoneer bases conversion rates on the official mid-market rate at the time of transfer. A mid-market rate is the middle point between the currency’s official “buy” and “sell” rate, and is considered to be one of the best rates available. There are many popular online tools you can use to estimate a mid-market rate, such as Xe.com.

In addition to the mid-market rate, Payoneer applies a currency conversion charge of 2%.

What conversion rates does Payoneer apply for purchases with the Payoneer Prepaid Mastercard?

The Payoneer card is a Prepaid Mastercard® card, and can be used worldwide at millions of online sites, in stores, and ATM locations that accept Mastercard. When using the Payoneer card to make a purchase with a currency other than the card’s listed currency, the conversion is based on Mastercard’s official currency conversion rates. These can be estimated using Mastercard’s official conversion tool.

In addition to the conversion by Mastercard, Payoneer applies a currency conversion charge of up to 3.5%.

Are Payoneer’s rates competitive?

While we encourage you to check other payment solutions and compare them with Payoneer, we are confident that our rates are among the best available. We work hard to localize our global payment solutions in as many countries as possible, which includes offering competitive conversion rates.

read next

New York City skyline at sunset

4 US cities where it pays to have an Airbnb rental all year round

Payoneer Community
Payoneer Community
September 4, 2016

If you live in certain US cities, you have a better-than-average chance of earning a respectable income as an Airbnb host. Many cities feature hotels with high price tags, which makes an affordable Airbnb rental even more attractive to potential guests.

 

1. New York City

If you live in New York City, you can rent out your apartment or home to visitors who balk at the high prices of Big Apple hotels. As of 2016, the average daily room rate for NYC hotels was $266, which would put a major dent in travelers’ budgets. If you feel comfortable renting your place for less than $200 per night, you’ll do well on Airbnb.

Of course, location matters in New York City. Having a place that’s close to public transportation or to tourist destinations will boost your appeal even further. Having said that, don’t fret if your place isn’t in the heart of Manhattan. As you likely well know, other boroughs in New York are considered up-and-coming and hip, and your likely to get a fair amount of interest in your property.

 

2. Washington, D.C.

The Nation’s Capital isn’t exactly a cheap place to call home — but, of course, you already knew that. Hotels aren’t any less expensive than other necessities in D.C., which is why Airbnb hosts tend to perform well as alternatives to the hospitality industry.

Just like New York City, Washington, D.C., attracts a healthy tourist trade. This means a daily influx of non-residents who need a place to stay. You can make your Airbnb rental more attractive by posting high-quality photographs of the space and adding amenities that guests might find at a hotel, such as a coffee maker or a safe for valuables.

 

3. Chicago

The Windy City is known as a mecca for businesses, from the oil industry to the automobile manufacturing trade. Hundreds of thousands of professionals travel to Chicago on business every year, many of whom must stay in hotels. However, the high cost of such accommodations in this city might lead many to seek more frugal options among Airbnb hosts.

An apartment or home rental is far more comfortable and inviting than a hotel room, which serves as much of the basis for Airbnb’s instant and enduring appeal. If you live in Chicago, you might offer your home as an Airbnb and provide business travel-friendly amenities, such as extra charging stations for electronic devices and a private bedroom for working and relaxing.

 

4. Los Angeles

Los Angeles hotels cost an average of about $200 per night, according to Statista. This represents a sizable investment for either business travel or a family vacation. People who travel in groups will see the highest costs for accommodations, and cheaper Airbnb rentals provide not only lower rates, but more space.

For L.A. natives, Airbnb hosting is a lucrative proposition. By pricing your rental lower than the average hotel rate, you can easily attract regular guests who are eager to see as much of the City of Angels as possible.

Serving as an Airbnb host can prove rewarding as well as profitable. Just make sure you have a convenient way to get paid.

 

rental-hosts

read next

Payoneer helps local thai community grow globally

Jenny Lincoln
Jenny Lincoln
April 15, 2016

One of the best aspects of being involved with Payoneer has been the fact that the company – unlike PayPal and other competitors – organizes local events for customers in each country. I first got accepted for Payoneer last October (2015), at the time I started doing freelance writing for UpWork.  I had some questions about using my Payoneer Prepaid Mastercard® and about managing my Payoneer earnings here in Chiang Mai, Thailand, which is a cash-oriented economy.

Encouraging local businesses to grow internationally

The customer service team within Payoneer and UpWork were very helpful, but I was surprised and delighted to learn that there was also a local representative – Rob Palmer – in charge of Payoneer here in Thailand. He lives in Bangkok – the site of the largest number of customers – but he also travels around Thailand and organizes events in other cities where there are foreign and Thai customers.  He has a great personality – inspiring and full of positive energy. Moreover, he always responds quickly to my emails with questions. In addition to myself, he has been very helpful to my German friend, Peter, here in Chiang Mai – and to others I have met in the area with online businesses.

Connecting with industry experts

Rob has organised three special Networking Dinners in Chiang Mai  since I have been involved with Payoneer. The first two took place last October/ December 2015. The settings were beautiful and attendees were served a huge variety of delicious Thai dishes, and deserts.  In fact, it was my first time to eat mango sticky rice here in Thailand!

All three dinners have been a great opportunity to meet a variety of fascinating people – both Thais and foreigners from a variety of countries and make their money online. During the first dinner I was surprised to meet a Sri Lankan Portuguese Burgher named Delgado who lived in Hang Dong. During the second dinner in December, I was most interested to meet a John (www.johnsjourney.com) who told the whole group some very inspiring stories of how he came to succeed and build up his business here in Thailand. I also met a Thai lady who owned a guesthouse in Sansai and another Thai couple who jointly operated a business involving Taiwan pharmaceuticals. I also met a British lady – married to a Thai man and resident in Thailand 13 years – who runs a spa and detox service in Ko Samui with her husband – and has recently started a new spa here in Chiang Mai near Doi Suthep.

To more future success

It’s great to see lots of successful people living in Thailand and building their international business. I look forward to more local dinners, and other networking opportunities around Thailand and within other Asian countries. They have been a great success for the foreign and Thai community here in Chiang Mai area.

For any financial service, the personal element is very important, in order for it to be successful. I had that at my small local banks in Vermont; in Clayton, Georgia (where I will never forget helpful Heather who answered my many questions after having just come back to a very changed America after 10 years in Sri Lanka) ; and at Trust Company Bank in Atlanta. Being able to personally know the people who managed my accounts was a key aspect to the operation of the service. In a large, global service, however, it can be difficult to introduce this personal, human relations element. Payoneer has done a great job of successfully introducing this element into its programming!

I also commend Payoneer’s great customer service, and its friendliness – not found in many competing financial services companies – to customers who work in developing Asian countries and who move around frequently.

read next

CES 2016

4 takeaways from CES 2016 for eCommerce sellers

Allison Freedenfeld
Allison Freedenfeld
February 24, 2016

CES 2016 united technology and electronics enthusiasts in Las Vegas from January 6-9, 2016. The event debuted new technology, started conversations about the future of electronics, and allowed consumers to try out interesting gadgets. Aside from all the flash, however, you can use these four takeaways from CES 2016 to guide your selling efforts.

1. The “Internet of Things” Is All the Rage

From wearable tech to smart appliances, CES 2016 introduced numerous new examples of the Internet of Things at work. Retailers and e-commerce professionals will benefit greatly from this technology in the future.

For instance, machine-to-machine communication allows e-commerce sellers to keep better track of inventory and to provide customers with more accurate delivery dates. With each piece of technology connected to all the others, the Internet of Things promises to transform the ways in which eCommerce sellers interact with buyers as well as the products they sell.

Big Data and eCommerce expert Gagan Mehra also highlights the benefits of real-time promotions for e-commerce professionals. Tracking customers’ locations and capitalizing on sudden surges in search traffic will allow you to market more precisely and effectively to your audience.

2. Every Seller Needs a Security Policy

Reporting for Time magazine, John Patrick Pullen highlighted the intense security measures that CES 2016 adopted for this year’s event. Pullen discusses the need to protect consumers against the loss and theft of their personal information, especially with regard to eCommerce transactions.

Of course, identity theft isn’t only a concern for big events like CES 2016. As an eCommerce seller, you must develop your own security policy to encrypt customers’ data and to safeguard your records from outside intrusion.

3. Wearable Tech Has Penetrated Nearly Every Industry

Many of the panels and conversations that took place at CES 2016 dealt with wearable technology and its myriad applications. For instance, wearable tech will continue to grow in the healthcare industry, which presents unique opportunities for e-commerce sellers, especially if you like to specialize in niche markets.

From devices that check blood-sugar levels for diabetes patients to fitness trackers that help consumers track their weight-loss goals, eCommerce professionals can capitalize on these emerging markets to great financial advantage. This is especially true for sellers who already work in the health-care field.

4. Old Doesn’t Mean Obsolete

According to Don Reisinger of eWeek, CES 2016 proves that marketers, manufacturers, and eCommerce sellers shouldn’t shift their focus entirely to shiny and new gadgets. Reisinger reports that plenty of “old tech” was on display, including desktop computers and their peripherals. These products aren’t going away anytime soon. This means that e-commerce professionals can still generate revenue by selling tried-and-true technology. If you’re not ready to experiment with products that sit on the cutting edge of the industry, feel free to stick with what you know.

Every year, CES 2016 dominates headlines and generates buzz about the latest and greatest in electronics. Are you a seller working on marketplaces or selling internationally? Sign up for Payoneer today!

read next

Airbnb, Beyonce, and the Super Bowl situation

Payoneer Community
Payoneer Community
February 19, 2016

Beyonce Knowles — the famous singer who performed at Super Bowl 50 on February 7 with Coldplay and Bruno Mars — stayed in an Airbnb home after her performance. This news has caught the attention of the public as well as the media, igniting a firestorm of blog posts about the home she stayed in and the implications of her decision to mention it on social media.

Her Airbnb Cost $10,000 Per Night

After she finished her remarkable performance at the Super Bowl, Beyonce relaxed in an Airbnb house that costs $10,000 per night, according to The Verge. The spacious property features five bedrooms, a bar, a gym, a game room, and a host of other luxurious amenities. It sits on 11 acres in the trendy Los Altos Hills neighborhood of California.

beyonce airbnb

Image via Mashable.com

 

Of course, most Airbnbs don’t cost $10,000 per night. In fact, many of the listings on the popular website, which promotes the sharing economy, are less expensive than a budget motel room. Some feature single rooms (or even just a couch in the living room), while others are larger and more opulent.

Regardless, Beyonce is apparently a supporter of Airbnb. After her stay, she posted a Facebook status that tagged Airbnb and said “It was a Super weekend.”

Millions of People Looking for Alternative Accommodations

Beyonce isn’t the only person — celebrity or otherwise — to avail themselves of Airbnb. The website connects homeowners and renters with out-of-town guests all over the world. Visitors get the comfort of a home while traveling, and hosts make money off the deal.

Other vacation rental websites have also created ways for people to save money while traveling for personal or business purposes. HomeAway, PandaBed, and others allow people to generate income from their homes without accepting long-term roommates.

The Jury’s Out on Endorsement

The Washington Post reports that Beyonce’s camp hasn’t confirmed or denied an endorsement deal. It’s possible that Beyonce simply wanted a change of pace from hotels and other formal rentals, so she hopped on Airbnb and found the opulent home in which she stayed after the Super Bowl. It’s equally possible that she was compensated for her Facebook mention.

Either way, Airbnb has received a significant amount of exposure following Beyonce’s Facebook post. Celebrity mentions can catapult brands to the top of their fields in a matter of hours as their followers check out those companies — and, of course, make purchases.You might not have a home worthy of $10,000 per night, but it’s clear that more and more people are looking for alternatives to expensive hotels in addition to a more authentic experience when traveling. 

 

read next

Ecommerce

How to solve 4 common eCommerce issues

Payoneer Community
Payoneer Community
January 30, 2016

When you run an e-commerce storefront, you might encounter problems that don’t resolve on their own. You want your business work, but you’re not sure how to overcome the issues that stand in the way of success. Fortunately, many of the problems e-commerce entrepreneurs face are common to just about everyone in the business. Following are four of the most common e-commerce issues and how to solve them strategically.

1. Security Breaches

The recent rash of retail security breaches proves that e-commerce storefronts aren’t the only vulnerable targets. However, if you sell merchandise to the public, you have to protect your website and use secure tools.

Writing for CIO, e-commerce entrepreneur Jennifer L. Schiff recommends 15 steps you can take to make your storefront more secure. From encrypting sensitive data to requiring your customers to use strong passwords, there are plenty of ways to make shopping safer with your e-commerce business.

2. Confusion and Questions

You might receive confused emails from potential customers who don’t understand what comes with a particular package or how to use a certain product. If you’re bombarded with questions all day, you’ll spend most of your time fielding customer inquiries instead of growing your business.

This often results from poor product descriptions or inadequate media. Customers don’t understand the products you’ve listed for sale, so they reach out.

To solve this problem, consider revising all of your product descriptions or hiring a professional to do it. Make them as clear as possible and use plenty of sensory details. It’s also a good idea to take photographs of your products from multiple angles. Many e-commerce sellers have seen good results from product videos, as well.

3. Shopping Cart Abandonment

Have you ever gotten frustrated in a retail store — maybe with customer service or long checkout lines — and walked out of the store without your purchases? This same problem can happen to e-commerce entrepreneurs.

If your analytics reveal that your customers often get all the way to the buying stage with full carts, then abandon the transaction, you might need a better checkout process. Consider putting every step on the same page so customers don’t get frustrated by multiple clicks. Alternatively, reduce the number of fields that customers have to fill out or eliminate required registrations for your site.

4. Too Few Reviews

It’s difficult to gain the trust of potential customers when none of your past customers leaves a review. Fortunately, there are ways to encourage customers to review your products as well as your customer service.

First, make sure you ask for the review. On the checkout or sale confirmation page, create a big button with a call-to-action like “Tell Us How We Did” or “Leave a Review.” It’s also a good idea to include a similar link when you send a follow-up email to customers.

You can also streamline the review process. Don’t force customers to write text reviews, for instance. Instead, allow them to leave simple star reviews if they’re pressed for time. Consider telling customers why you ask for reviews, such as learning ways to improve your business. 

read next

Lessons for affiliate marketers from the holiday season

Payoneer Community
Payoneer Community
January 14, 2016

Now that holiday season has faded into history, affiliate marketers can examine the results of the shopping feast and look for trends that might help them succeed this year. In fact, understanding the nuts and bolts of the holidays can help you increase your affiliate marketing results all year long.

E-Commerce Continues its Upward Trajectory

The recent holiday season has brought good news for affiliate marketers and e-commerce business owners. According to IPWatchDog, e-commerce transactions dominated Black Friday and Cyber Monday, with many shoppers who might have otherwise braved long lines turning to their online browsers instead.

This was Cyber Monday’s tenth anniversary, and a decade of online shopping has made a significant dent in in-person shopping. In fact, Cyber Monday generated an unprecedented $3.1 billion in revenue for online retailers, with nearly $1 billion of those transactions originating on a mobile device.

What does this mean for affiliate marketers? There’s no reason to fear the death of e-commerce sales. If this trend continues, consumers will increasingly turn to the Internet when they want to make a purchase, whether they’re shopping for handbags or health products.

Big Brands Dominated the Sales

A VigLink infographic reveals that some of the world’s most well-known brands fared the best during the the holiday rush. Big box stores like Walmart and Target generated significant profits, but so did online giant Amazon and deal-buster Groupon.

Brands like Nike and Microsoft performed extremely well. Unsurprisingly, Best Buy outdid itself in the electronics market, though Newegg also held its own. Etsy, the handcrafted online marketplace, also placed among the top earners over Black Friday and Cyber Monday.

Apparel Outperformed Electronics

VigLink’s infographic ranks the products that attracted the most purchases on Black Friday and Cyber Monday. If you think that consumers bought more flat screen televisions and gaming systems than anything else, you’d be wrong. Apparel items sold the most products, from sneakers and outerwear to gloves and boots. In the electronics market, however, many items still flew off the shelves, including Samsung televisions, Apple tablets, and gaming systems.

Studying the best sellers can give you an idea of what you might want to seek in affiliate partnerships. High-dollar items and smaller products that sell well can vastly increase your profits.

In Conclusion

Media pundits and skeptical bloggers predicted record sales lows in the weeks leading up to Black Friday and Cyber Monday. However, Black Friday actually beat projections by more than two percent.

It’s important for affiliates to remember that predictions don’t mean everything. Instead of following the media forecasts, trust your own research and data to make decisions about your business. This is especially true over the holidays because even the smallest detail can make a big difference in the outcome.

 

 

read next

Holiday season

How to manage fulfillment through the holiday season

Payoneer Community
Payoneer Community
December 2, 2015

For e-commerce businesses, the holidays often bring a rush of last-minute orders that leave business owners struggling to get them all fulfilled. Since most customers want to receive their packages in plenty of time to get them wrapped and delivered to the recipients, it becomes even more important to nail down an efficient fulfillment strategy. To achieve this, follow these tips:

Bring On More Staff

Sometimes, the best way to increase your fulfillment speed is to bring on more people to help you meet the demand. Recruit friends, family members, former associates, and anyone else who might be willing to label packages and stuff boxes. If you can’t find volunteer help, consider looking for extra help on marketplaces like Fiverr, Upwork or Freelancer.

Adding more staff during the holidays allows you to process more orders, and ensure that order arrive on time, which generates good review and more return business.

Create an Organized Workflow

Don’t let the holidays steamroll over your e-commerce business. Instead, prepare for the flood of orders and get your workflow organized for maximum time savings. Store packing materials and supplies together so they’re within easy reach and label your products clearly so you don’t have to hunt them down to fulfill an order.

Organization will not only speed up your workflow, but it’ll also make it more accurate. The holiday rush can lead to mistakes if you’re not careful, and the only thing worse than sending a package late is sending the wrong thing to your customer.

Put Technology to Work

Modern e-commerce tools allow you to automate certain steps in the fulfillment process, such as email confirmations and shipping address organization. When you automate part of the fulfillment process, you eliminate a manual step that would otherwise cost you time.

Experiment with different tools to see which work best for your e-commerce ventures. It’s best to do this a couple months before the holiday season so you’re fully prepared as the rush orders start flooding in.

Turn to a Third Party

If you know you can’t manage the fulfillment arm of your e-commerce business during the holidays, outsource the work. Services like Fulfillment by Amazon take the shipping and receiving tasks out of your hands. You don’t have to worry about loading boxes or generating shipping labels because the third party handles it for you.

Additionally, if you partner with a retail giant like Amazon, your business earns instant clout. You get access to perks that only fulfillment customers receive and you’ll gain exposure to markets you might not yet have tapped.

While the holiday season almost always introduces stress to e-commerce business owners’ lives, it’s important to prepare for it and to minimize it as much as possible. It’s also a good idea to nail down an effective cross-border payment strategy. Need fast, low-cost payments from international marketplaces like Amazon, Lazada, or Wish? Sign up for Payoneer – it’s free!

>>Sign Up Now!

read next

Passive income

How to turn your extra space into passive income

Payoneer Community
Payoneer Community
November 16, 2015

An unused bedroom in your home costs you money. You have to pay for it, whether in rent or a mortgage, and you have to heat and cool the space with your HVAC system. Furniture represents another expense. Maybe it is time to consider how to make your home work a bit harder for you…and there is no better time than the holiday season, when people from all around the world are gearing up for their winter vacations.  Follow these quick steps to start earning income on your home or rental.

Learn Your Rights

If you own your home or apartment, you can lease your extra bedroom without gaining permission from any other authority. You might, however, have to pay taxes on your rental income depending on where you live and how long your guests stay. If you’re not sure about the laws in your country, consult a real estate lawyer for guidance.

You might also be able to deduct some of your expenses from your taxes each year. As a landlord, whether temporarily or long-term, you’re responsible for fixing things that break and other financial obligations. Deductions as well as the rent you collect can offset the taxes you pay on rental income.

Take Photos of Your Space

When you advertise your room for rent on Airbnb or any other website, you’ll prepare a written description of the space. However, great photographs often result in more bookings.

Before you grab your camera, style the space so it looks its best. Rearrange furniture, make the bed with fresh linens, open the windows to let in natural light, and add a few elements of decor to beautify the room. Then grab your camera and click away.

Create Your Profile

An effective rental profile tells guests what they can expect when they rent your extra bedroom. Include the types of rentals you prefer (e.g. long-term or short vacation stays) and all the amenities you include in the space. For instance, if you brew fresh coffee every morning or have a pool in the back yard, your potential guests will want to know.

When renting out a private room, make sure to let guests know whether they’ll have access to a private bathroom, as well. Tell them which common rooms are available to them, such as the living room and kitchen, and whether you have any rules, such as a no-smoking policy.

Set Your Rates

You can rent your extra bedroom for a nightly rate, a weekly or monthly rent, or some other method of calculation. Take time to scour the rental listings for similar rooms in your city. What do other homeowners and renters charge their guests?

You might want to offer several different rate options. For example, your nightly rate for a weekend stay might cost more per day than your monthly rent for long-term tenants. And since it’s holiday season, now may be a great time to consider raising your prices a bit. Do a bit of research to determine the going rate in your area.

Rent Your Room

Once you publish your listing to the public, potential guests and tenants can contact you or book the space. Use the intervening time to spruce up the room or to set house rules for your guests.

read next

Payment Request Raffle Winners: here they are!!

Melisa Sukman Epand
Melisa Sukman Epand
March 4, 2015

Earlier last month we announced a special raffle, where Payoneer account holders using the Payment Request service had a chance to win $100. After receiving thousands of submissions we are excited to announce the 3 lucky winners!

 

  • Achu from Cameroon

 

  • Neeraj from Nepal

 

  • Mauricio from New Zealand

 

We would like to congratulate all of you and thank everyone for participating! Don’t worry if you missed this raffle, we have many more coming up : )

 

Have you liked us on Facebook yet? Are you following us on Twitter and Google+? Join us on the Payoneer Community Forums and on LinkedIn!

read next