Is Your Business Participating in the Shared Economy?

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The market place is seeing the evolution of a new category – the S hared Economy . Trend setters, such as Uber, Air B&B, and other companies, are changing the relationship in the buyer/seller market. The Shared Economy structure allows people to share resources such as equipment, services, and skills. The major benefits are greater access and the reduction of costs, versus traditional retail or employment arrangements. The growing segment is projected to reach $335 Billion by 2025.

The Shared Economy Business Approach Pervades Many Industries Like:

  • Peer-to-Peer Lending
  • Banking
  • Crowd-funding
  • Apartment/House Renting and Couch-surfing
  • Ridesharing and Car sharing
  • Niche Services
  • Knowledge and Talent Sharing
  • Reselling and Trading

    • The Sharing Community

    The driving factors for the success of the Shared Economy business approach are that they are free, fast, and efficient for the sellers and buyers. More specifically, the Shared Economy generally provides:

  • Cheaper Goods & Services
  • Extra Income for Providers
  • New/Better Opportunities
  • Stronger Communities


    • Related: Why Going Against the Grain Could Save Your Business

    The Future of The Sharing Economy

    The new business model of the Shared Economy provides key tangible benefits which will become even more pronounced with its growth. This also builds a closer relationship in communities bringing people together on a personal level.

  • Flexible Working Hours
  • Earn & Save More Money
  • Outsourcing Reduces Internal Costs
  • Adaptable Business to Consumer Needs

    • Is Your Business Shared Economy Friendly?

    As the old saying goes, the only certainty is change itself. Knowing all the benefits and the wide range of areas this new business model can be applied to – examine how can your business join this new growing trend. Consider how can your business benefit as both a buyer and seller of products and services.