The First Online Sharing Economy
Launched in 1995, eBay was one of the first enablers of the sharing economy since it provided a global online marketplace where anyone could purchase or sell just about any kind of item.
Since its launch in 2008 more than 4m people have used it—2.5m of them in 2012 alone. It is the most prominent example of a huge new “sharing economy”, in which people rent beds, cars, boats and other assets directly from each other, co-ordinated via the internet.
The call for action was answered by one simple word: sharing. Collaboration. In the book entitled “What's Mine Is Yours: The Rise of Collaborative Consumption” in 2010, Rachel Botsman and Roo Rogers first introduced the concept of shared social and economic activity.
What is the Sharing Economy? The sharing economy is an economic model defined as a peer-to-peer (P2P) based activity of acquiring, providing, or sharing access to goods and services that is often facilitated by a community-based on-line platform.
The First Online Sharing Economy
Launched in 1995, eBay was one of the first enablers of the sharing economy since it provided a global online marketplace where anyone could purchase or sell just about any kind of item.
Amazon is tapping into the sharing economy. “You can work as much or as little as you want.” Amazon didn't immediately respond to CNBC's request for comment. ...
Significance of a Sharing Economy
Sharing economies enable people and organizations to make money from underused resources. In a shared economy, unused assets such as parked vehicles and spare bedrooms can be leased out while not in service. Physical assets are thus exchanged as services.
Uber used to be called part of the “sharing economy”. The idea was people would collaborate, peer to peer, to offer services such as rides or places to stay. Drivers could do what they loved – make art, open a bakery – then make a little cash driving on the side.
The gig economy is when individuals offer their services on a part-time basis to companies both small and large. The sharing economy allows for individuals and families to take advantage of assets they possess and rent them out to people who need them. ... Spacer is a perfect example of a sharing economy platform.
But it actually is not a sharing economy example. Netflix is an on-demand subscription business model. It is also not a pay-per-use business model (which is another often-repeated misnomer). ... But they are not a sharing economy platform.
– More sustainable use of resources: A sharing economy helps consumers to earn money by renting out under-utilised goods or resources. ... – Building community trust: A sharing economy is driven by its community. It is based on trust and collaboration between both its users and providers.
The main features of a sharing economy business model are: Access instead of ownership: rather than buying an asset, the seeker rents it from someone else. A platform brings together owners and seekers and facilitates all processes between them.
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