Rental Business Ideas in Sharing Economy For Entrepreneurs

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Rental Business Ideas in Sharing Economy For
Entrepreneurs
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What is the Sharing Economy?

• The sharing economy is an economic model defined
  as a peer-to-peer (P2P) activity of acquiring,
  providing, or sharing access to goods and
  services that is commonly facilitated by a
  community-based online platform.
• Sharing economy or sharing economy is a
  collaborative economy that includes the shared
  creation, production, distribution, trade, and
  consumption of products and services by different
  people and organizations. This concept saves
  resources, thereby avoiding unnecessary wastage
  of money.
• Sharing economy decreases costs, better quality,
  higher revenue, top quality over affordable
  prices, more variety, and lower commitment, which
  is inspiring many startups to adapt to this new
  economy by launching their online sharing and
  rental business. Allow MartPro to assist you if
  you are ready to launch your on-demand
  marketplace solution.
• The shared economy platforms and portals are
  making a difference. They are driving the future
  how people consume products and services in
  their day-to-day lives.

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What is the Sharing Economy?

• The emergence, growth, and success of shared
  economy platforms for car sharing, room sharing,
  personal services, and so on have sparked plenty
  of other new ideas and experiments.
• Airbnb is one of the most well-known shared
  economy platforms, allowing you to rent out a
  spare room and earn money from it. Ridesharing
  apps such as Uber eliminate the need for you to
  drive, park, or even purchase a new car.
  Retailers such as Alibaba offer a complete
  ecosystem for vendors and customers.
• The shared economy platforms are used for renting
  or selling products and services. The online
  platform connects the service providers and users
  in real-time. The sharing economy has been
  accelerated by smartphones.
• The shared economy platforms serve as a platform
  for connecting products/services with users who
  require them. Several startups are capitalizing
  on the opportunities in the sharing economy, 17
  of which are worth more than a billion dollars
  each.

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The Impact and Opportunity of the Sharing Economy
for eCommerce

• There are numerous lucrative opportunities for
  starting and scaling businesses in the growing
  sharing economy. Here are some of the reasons why
  shared economy platforms will be the driving
  factor in the future
• 1. Win-Win Opportunities
• Everyone benefits from the sharing economy. As a
  user, you can benefit from easily finding what
  you're looking for and at lower prices. As a
  service provider, you get customers without the
  additional marketing and advertising costs.
• The shared economy platform offers a complete
  ecosystem for managing booking and customers for
  your business. The on-demand economy connects
  users and service providers, encourages
  collaboration, and creates a win-win situation
  for everyone.

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The Impact and Opportunity of the Sharing Economy
for eCommerce

• 2. New Business Model
• Many traditional businesses employ shared economy
  platforms to run their businesses. Car owners,
  fleet operators, and service providers are
  looking at online platforms for getting business.
• Many industries are getting reshaped with the
  sharing economy platform. The finance industry is
  shifting to modern peer-to-peer lending platforms
  for loans, and hotel rooms can now be booked
  online and at discounted rates through platforms
  such as booking.com.
• The shared economy platforms are creating an
  inclusive economy and even the traditional
  businesses are gaining from it.

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The Impact and Opportunity of the Sharing Economy
for eCommerce

• 3. Earn Save Money
• The shared economy platforms are centered on
  minimizing expenses. Booking a room on Airbnb,
  for example, is far less expensive than booking a
  hotel room. Even ridesharing apps like Uber, Ola,
  and Lyft help you save money. As a user, it is
  easier to save money using sharing platforms.
• As a service provider, you can generate more
  revenue and volume of customers using the shared
  economy platforms. For E.g. an online rental
  platform allows people to rent things, services
  and earn money.
• Whether its renting cars, buying spares, or
  selling goods through online marketplaces, the
  logistics and transactional costs are highly
  subsidized. As a result, service providers earn
  more money through the use of online platforms.

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The Impact and Opportunity of the Sharing Economy
for eCommerce

• 4. Promotes Barter Economy Reduces Wastage
• Shared economy platforms can play an important
  role in economic growth and environmental
  sustainability. With ridesharing platforms,
  transportation is changing rapidly. You won't
  have to worry about car insurance, new car
  purchases, or parking issues.
• The sharing economy promotes resource efficiency
  and sustainability. It increases customer
  accessibility, business reach, and sustainable
  development for all.

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The Impact and Opportunity of the Sharing Economy
for eCommerce

• 5. Scale Reach
• Disruptive technologies are transforming the
  world. Take e.g. the peer-to-peer accommodation
  platforms are reshaping the hotel industry.
  People now use room-sharing platforms as their
  first preference for traveling and booking rooms.
• E-commerce platforms have a massive scale and
  reach for service providers and businesses. E.g.
  Airbnb in 2018 has over four million listings in
  65,000 cities across 191 countries.
• Uber currently operates in over 65 countries and
  completes 15 million trips per day.
• Digital platforms are transforming the way people
  travel. According to the World Bank, there were
  1.2 billion international travelers in 2017, with
  1.8 billion expected by 2030. The digital tools
  and shared economy tools provide the scale and
  reach to connect with customers all over the
  world.

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Here are the top sharing economies, conducted by
the industry sector that plays a significant role
in the marketplace.

• Transportation
• Home and vacation rental
• Tools and household items
• Pet sitting
• Food and many more

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