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?
There 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:
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.