How to Create a Business in the Sharing Economy – Junan Ghk

How to Create a Business in the Sharing Economy

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The sharing economy isn’t necessarily a completely new idea, but it is new in the relative scheme of things, particularly in how popular it has become.

The sharing economy is a term that refers to the sharing of assets and services between private people, whether free or for a fee. As a result of the sharing economy, people can do everything from getting specialized business services to renting out an apartment, just by going to another individual, usually via an online platform.

Basically, while the concept of sharing assets or services isn’t necessarily new, the Internet and various platforms have simplified how people connect with one another to find those assets.

Along with being a casual way to earn extra money, it’s also possible to create a thriving business with peer-to-peer sharing.

The following are some of the best ways to create a business in the sharing economy.

Rent Out Your RV

Unless you live in your RV, you probably find that it goes unused for a significant portion of the year. Now, however, there are sites that will let you build an RV business simply by renting it out when you’re not using it. You can find a peer-to-peer RV rental site that will help with things like insurance coverage, and while it’s up to you to market your RV well, it’s a simple concept.

People can simply enter when and where they’d like to pick up an RV and browse through listings.

Rent Out Your Bike

Do you have a bike? If so, you might be able to make money from it. There are sites like Spinlister and others that let users again enter where they’d like to bike, then they can pick up a bike and drop it off for times they select. Spinlister also features the opportunity to do the same with surf and snow equipment.

Some people make up to $500 a month with this business opportunity, and everything including messages, reviews, and identity verification are all handled through Spinlister.

Create a Peer-to-Peer Marketplace

It’s not just renting out your assets or offering your services at a price that can be advantageous ways to create a business in the sharing economy. You can create your own peer-to-peer marketplace. There are a lot of options you can use, but one that works well is a consulting P2P business. This would mean that you provide the platform to connect various consultants with potential clients.

If you want to create a P2P business, it’s important that you focus on a particular niche and you’re able to offer a vertical-specific platform.

Share Your Skills

Another unique way to build a business in the sharing economy is simply to share your skills as a teacher. Many students want to learn online, without the high costs and barriers that exist with traditional higher education. You can become a teacher in whatever subject you specialize in, from cooking to teaching job-related skills.

What’s interesting is how limited a list this is. There are almost countless ways to participate in the sharing economy and create a thriving business at the same time.