Sharing economy companies have disrupted the way we look at markets. They have turned the tides of market dynamics to their side. It would not be a surprise if the largest shares of wealth and appreciation in the market move towards these innovative companies in the near future. Here is a look at some of the few.
It’s a company that facilitates peer to peer hosting and renting of spaces and arranges for enhanced tourist experiences. The company does not avail any of its own real estate assets for users but acts as a broker between 2 parties, deriving commission out of each transaction. It was founded in 2008 in San Francisco under its original name, airbedandbreakfast.com.
Airbnb often enables a user to rent a whole apartment for less than what he would have to pay for a hotel room.
Uber has established a substantial stronghold in the taxi industry due to its ease of access and convenience. It has enabled car owners and commuters to enter into a convenient symbiotic set-up which has proved to be hugely disruptive. The strength of uber lies in its user-friendly app and transparent way of working.
This app makes it possible for businesses to participate in the circular economy by enabling resale of their products. The company started as a peer to peer marketplace for second-hand items with its own credit system. But currently provides software and logistical assistance to do the same.
It’s their vision to reduce sale of first hand items by 25%. This would definitely be a boon as far as environmental sustainability is concerned.
Basically, the Airbnb for cars. This company helps avail privately owned spaces for parking of cars. They claim to arrange for spots that cost 60% less than the average street parking rates. Spaces are available for varying rates which depend on locality and duration for parking.
Such an arrangement is best used by someone living in extremely busy cities with a dirth of parking spaces, by renting their own parking spaces out for the duration of their vacations.
Need help with moving furniture? fix the doors of your apartment? Repair the water supply pipes of your house? Install the TaskRabbit app. This company allows sharing of labour for freelancing individuals good at fixing stuff. It’s a one stop shop for all services requiring labour at prices that are cheaper than those provided by big companies. What’s more, it also gives you an opportunity to employ people from the community.
It is for women wanting to sell their lesser used, almost new clothing items and buy a new or pre-used garment at amazingly discounted rates. The app is extremely easy to navigate and user friendly and transactions can take place in as fast as 60 seconds.
Sittercity is an online marketplace where working moms, individuals and employees can find and hire housekeepers, baby-sitters, nannies, senior care-providers and pet-sitters from a bank of 5 million service persons. Proper background checks and reviews about every care-giver ensures that your loved ones are cared for by safe hands.
Dogvacay provides for services of a pet-sitter at the client’s house or his own for the period of the client’s absence. He can leave his pet in the hands of a caring animal lover while he is away for work or for vacation.
Even though the name of the company is Dogvacay, they take care of dogs as well as cats.
Services they provide are Dog-boarding, dog-walking, house sitting, doggy-day care and drop-in visits.
All service persons are passed by sitter specialists after though background checks.
Homedine is an Airbnb for food. It is a social dining platform that enables home-chefs to provide for new and intimate dining experiences to the ones interested. It’s basically a way to run a restaurant from home, with customers arriving to enjoy home cooked delicacies and also a great way to earn money and make friends.
Using Neighbor one can rent spaces for storage purposes at nominal rates. Hosts can earn over 400$ a month by putting up a space for rent. It has come up with a cheaper and innovative space sharing marketplace which has proved to better for the self-storage industry over the years.