Study Reveals Big Opportunities in the Sharing Economy Latitude and Shareable Magazine recently released the findings of The New Sharing Economy study, which uncovered new opportunities for entrepreneurs, investors, and established companies in the emerging sharing economy. Top Opportunity Areas for New Sharing Services. The New Sharing Economy study surveyed 537 participants for their current engagement and future interest in sharing across industry categories. Based on this data, the top opportunity areas for new service offerings were interpreted as those with both high latent demand and low market saturation: time, household goods, automobiles, money, and living space. Infographic excerpted from The New Sharing Economy study report. Time is money. What All Businesses Can Learn from The New Sharing Economy. Image credit: D'Arcy Norman Build brand loyalty and generate more actionable marketing data through sharing-based offerings. A Few Forward-Looking Sharing Business Concepts, Submitted by Participants. Software.
Learn More In August 2012 the Center for a New American Dream presented a free webinar about how to start up a new tool library in your community. Topics included obtaining funding, finding a location, tracking tools, navigating through legal issues, and more. The webinar featured speakers from successful tool libraries around the country. Guest speakers: Mike Froehlich - Founder, West Philly Tool Library (Philadelphia, PA)Jason Hatch - Founder, North Portland Tool Library (Portland, OR)Pete McElligott - Founder, Berkeley Tool Lending Library (Berkeley, CA)Ty Yurgelevic - Founder, Temescal Tool Lending Library (Oakland, CA) Click play on the video below to watch a recording of the webinar. Additional resources for starting tool libraries: Video length: Approx. 1 hour.
How to Start a Tool Library It might seem a little risky to lend out a bunch of power tools to those who probably don’t know how to use them. After all, tools can be dangerous, people can be idiots, and we live in an exceptionally litigious society. For some strange but very understandable reason, those concerns alone have been more than enough to effectively end many community tool libraries before they even start. As the sharing economy continues to blossom, however, more communities are overcoming that inherent fear and establishing lending libraries to embrace the beautiful benefits of sharing with neighbors. Though it seems like a relatively unique idea, around 40 community tool libraries already exist throughout the United States, from Philadelphia to Seattle and south to Oakland and New Orleans. Michael Froehlich, for example, felt compelled to establish a National Tool Library Google Group a couple years ago, just after founding The West Philly Tool Library. Tool lending library in Berkeley, California.
Access vs. Ownership in ‘Collaborative Consumption’ New rental markets are popping up all over the place, as detailed by a recent Wall Street Journal article. The trend is beginning to drive a larger movement labeled by some as “collaborative consumption,” wherein “sharing” is pushed as a way of “reinventing old market behaviors.” Over at Carpe Diem, Mark J. Perry provides a helpful round-up on the phenomenon, pointing to the already mentioned WSJ article, a new Collaborative Consumption Hub web site, and a host of relevant products and services: [W]e’re increasingly becoming more of a “rental economy,” where people can now rent just about anything they need from somebody else: their bathroom, their couch for an overnight stay, designer neckties (and bow ties and cufflinks), their driveway, their private automobiles, their toys, their clothing/costumes/maternity clothing/accessories/jewelry, party/event equipment, fine art, household items and tools (vacuum cleaners, iPads, tents, printers) etc. and the list goes on and on…
It's Time to Go Big: A Vision for the Sharing Economy The sharing economy is in a regulatory crisis. Airbnb’s hotel tax issues, the cease and desist orders slapped on peer mobility apps Sidecar and Lyft, and other brushes with the law have catalyzed a flurry of organizing and dialogue about sharing economy regulation. It started with the launch of San Francisco’s Sharing Economy Working Group in April, and was followed with the formation of the Bay Area Sharing Economy Coalition in August, lobbying by the Collaborative Economy Coalition at the Democratic National Convention in September. SPUR’s Gabriel Metcalfe wrote a provocative opinion piece about it earlier this month, and Shareable’s April Rinne and NYU professor Arun Sundararjan offered much commented counterpoints. This is a sure sign the sharing economy is maturing. Lead with vision Talking about new laws before there’s a vision to pave the way is putting the cart before the horse. Apple’s 1984 Macintosh TV ad is a famous example. Dr. Offer the vision The vision must come from many
The Sharing Solution » 20 Questions to Discuss When You Share When you sit down to discuss the details of a sharing arrangement, here is a list of 20 categories of questions to discuss. It may not be quite as entertaining as a good old fashioned game of “Twenty Questions,” but it can be interesting and revealing. Without realizing it, sharers sometimes have different expectations about what they’ll be sharing, how often, for what reasons, or with whom. By working through these issues early on, you’ll build the foundation for a smooth sharing operation. □ 1. What are our personal, practical, financial, or environmental goals? □ 2. And for that matter, what are we not sharing? □ 3. Do our cosharers need to meet any particular qualifications? □ 4. What are the pros and cons of having a large or small sharing group? □ 5. When will it stop and start? □ 6. Will one person own it and let others use it? □ 7. □ 8. □ 9. What benefits or services to we get from this sharing arrangement? □ 10. □ 11. Will we assign roles and tasks? □ 12. □ 13. keeping? □ 14. □ 15.
Join the Sharing Cities Network From Mira Luna, Neal Gorenflo, and team Shareable. Imagine a city where everyone’s needs are met because people make the personal choice to share. Where everyone can create meaningful livelihoods. Imagine a city where the people decide how the city budget is spent. Imagine a city where all this is possible without relying on the government or big banks. Our dream at Shareable is that everyone gets to live in such a place. What’s missing is there’s no single city where all these models are brought together. This is a call to change that. Because there are proven solutions, there’s no need to doubt that it can be done. The time to build sharing cities is now. So, today Shareable launches the Sharing Cities Network -- a grassroots network for sharing innovators to discover together how to create as many sharing cities around the world as fast as possible. To kick off the network, Shareable is hosting a Sharing Cities Map Jam October 12-26th. Please fill out the form below to learn more.
NeighborGoods Uber, Airbnb and consequences of the sharing economy: Research roundup The leading businesses that are advancing the concept of the “sharing economy” are in many respects no longer insurgents and newcomers. The size and scale of Uber, Airbnb and several other firms now rival, or even surpass, those of some of the world’s largest businesses in transportation, hospitality and other sectors. As the economic power of these technology-driven firms grows, there continue to be regulatory and policy skirmishes on every possible front, across cities and towns spanning the United States, Europe and beyond. The Economics and Statistics Administration of the U.S. Commerce Department issued a report in June 2016 that attempts to define and map out the contours of this emerging business sector, labeling its participants “digital matching firms.” The implications of the sharing economy — part of what has also been termed the “gig economy” — have of course been hotly debated in the news media, and the research world has been steadily weighing in with deeper analysis.