Today’s technology has allowed humanity to form a sharing economy. This type of economy has allowed the “sharing” of assets and services in a decentralized manner using technology. Apps like Airbnb are at the helm of such developments.

Now, when participating in the sharing economy, many people will find that such services offer cheap, yet worthwhile options compared to traditional avenues. This could be the reason why the use of such apps is booming. Moreover, these platforms launch promotions in order to make their services accessible to people looking to maximize the value of their money.

Even better, Airbnb offers such promos. Through the referral process, hosts and renters can earn money and get discounts. Wondering how you can get discounts through this process? Check out this simple guide below.

Getting Discounts Through Airbnb Referrals

When you sign up for an Airbnb account, you will be given a referral link that allows to use the referral function. You can easily access this function by opening the app and going to your profile, then just tap Invite Friends. There are two ways to get discounts using this function.

• Via Email Or Private Message

You can directly send your link to a friend and invite them to use the platform. Once in the Invite Friends section, you will see a button saying Share your link. Tap this button and you will be prompted to choose the platform you want to use to share your link. You can choose email or a messaging app.

• Sharing On Social Media Platforms

While you can easily send your link to specific people, you can also choose to share it with the people you have on your social media accounts. You can post the link through your Facebook, Twitter, Instagram or any other social networking site you use.

Some Reminders

Once you share your referral link, you need to wait until your friends register and use their accounts. While waiting, there are some things you should know. Check them out below.

• You Can Earn Up To $5,000

Referring friends gives you the opportunity to earn as much as $5,000 in credits. The amount will be automatically credited to your account. You can use these credits to get a few dollars off your total bill.

• Registration Is Not Enough

It is not enough that your friends register using your referral link. They also must finish transactions using the app. Moreover, keep in mind that your friends must make qualifying reservations in order for you to be eligible for the credits. Some of the activities that can qualify include finishing their first trip or booking/hosting a reservation for a certain monetary amount.

• Referred Friends Can Also Earn

The best thing about this is that your friends can also earn credits when they sign up using your referral invitation. They will be given coupon codes when they go on qualifying stays and experiences. However, these codes are not automatically applied upon checkout. They should be manually entered.

• Credits Expire

You might be thinking of waiting until you accumulate enough points to make a significant dent on your total bill. However, you need to remember that credits expire a year after issuance. So, make sure to use yours before it expires to make the most out of your referrals.

The Bottom Line

Getting discounts from sharing platforms is a surefire way to save some cash. There are plenty of benefits of using Airbnb. You can get the best value for your money just by referring friends and family. Just make sure that they push through with transactions and you can cut down your cost significantly!