The Sharing Economy: 7 Ways to Make Money Together

The sharing economy describes the type of business that is built on the principle of sharing resources, allowing customers to have access to the goods or services that they need when they need them. Family, friends and neighbors have exercised this practice throughout history. However, in recent years, the concept has transformed from a community practice into a viable business model.

The Sharing Economy: Why is it so popular?
Sharing EconomyThere are a couple of reasons why this notion has become so widely received over the past decade. The first reason is that the majority of our modern society has reached a collective agreement that not everyone needs to own expensive goods that they only use a handful of times in a year, such as snow blowers and KitchenAid mixers. The second reason is the tough economy. Many people are in a rough financial state and are looking for ways to stretch their limited funds as far as possible.

Here are 7 of the most popular sharing businesses that people use to maximize their resources while making a little extra money in the process:

  1. Airbnb
    With unique, desirable accommodations in 190 countries and over 15 million nights booked per date, Airbnb leads the pack for travel rentals. This San Francisco based company is a trusted community to list and book accommodations online or via a mobile phone. Anyone with some extra space can rent it out to anyone who is interested in staying there. Whether you’re looking for an apartment for a night, a villa for a week or a castle for a month, you will be able to find what you’re looking for on Airbnb.
  2. RelayRides
    RelayRides allows private car owners to rent out their vehicles via an online or mobile interface. You can set your own prices and RelayRides takes 25 percent of the transaction. They pre-screen all drivers and provide $1 million insurance on every rental. You have full control over who rents your car and when they rent it. In return, renters have the guarantee of insurance coverage and 24/7 roadside assistance and support. RelayRides is even available at airports around the United States.
  3. Getaround
    Getaround is another service that lets people borrow cars from vehicle owners. If you own a car and are going out of town, you can also leave your car with Getaround, which rents out the car, cleans it and takes care of it until you get back. Sign up for free with no monthly or annual fees and choose from thousands of cars that you can rent hourly or daily, depending on your needs. Berkshire Hathaway offers a $1 million insurance policy to cover Getaround cars. Your rental also comes with 24/7 roadside assistance. Currently this organization operates in Chicago, Austin, San Francisco, Portland and San Diego.
  4. Spinlister
    Spinlister is the global leader in bicycle, ski and snowboarding rentals. You can find a ride, select the date and time that you need it, pick it up in a convenient and safe location and then enjoy it for the duration of your rental. If you have any questions about the gear, don’t hesitate to ask the owner before you commit to the rental.
  5. TaskRabbit
    TaskRabbit is an online and mobile marketplace that enables users to outsource an extensive range of small jobs and tasks to other individuals in their neighborhoods. You can use your valuable skill sets to make a little extra money while you help out people in need. You can even find candidates to staff your company for short-term and long-term projects. The site includes a number of features for users including making direct hire requests for people you want to work with again and marking tasks that need to be done on a regular schedule such as cleaning the house and mowing the grass.
  6. Zaarly
    Zaarly offers house cleaning, handyman and lawn care services in the Kansas City and San Francisco areas. Browse service experts to find the one that is right for the job at hand, schedule your preferred dates and hire and pay seamlessly with the secure payment system.
  7. DogVacay
    Many dog owners find themselves in need of dog boarding services but don’t have friends that can board and don’t like the idea of keeping their furry companions in small crates at vet offices for high rates. DogVacay lets you find a loving home or someone to stay in your home while you’re away. Reservations include 24/7 customer care with free pet insurance and you receive photo updates while you’re away.

Steve Burgess is the Spokesperson for Faaast Cash, which provides instant payday loans and emergency cash advance, servicing the entire nation. Steve has over 25 years of senior executive experience turning around, building and leading some of the fastest growing and most successful companies in America. He has his MBA, makes media appearances, and is a highly regarded speaker at conferences, corporate and business events, and leading universities. Steve is also a #1 bestselling author whose books include Purpose, Passion, Abundance, On an Enlightened Path, and Living in Abundance. Google +

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