The principle is quite simple: An empty guest room, a car that is only taken out once a week, an unused office desk or the parking lot that is empty during the day are rented out to people who are looking for accommodation, a rental car, a temporary workplace or parking space. Previously unused capacity can thus be utilized, and both parties benefit. Another feature is flexibility. Most things can be rented on a very short-term and temporary basis. This is nothing new in and of itself; people have already been swapping and renting things far from the Internet in the past, but Web 2.0 makes sharing much easier. If you're looking for a drill for a day, all you need to do is click and you can see who in your neighborhood has the relevant material available. Other examples of the sharing economy abound.
Probably the best known at the moment is Airbnb. Private individuals rent out their guest rooms or second homes on the portal. On RelayRides, you can rent out your car or get hold of a free parking space with Park it, a Zurich-based company. NeighborGoods offers items such as drills or ladders from the neighborhood. You can share your knowledge on Skillshare, and you can find buyers for money in LendingClub. CoWorking spaces with temporary office space are also widespread. But garden beds are also shared, and even food. On Mealku, you can either cook for strangers or pick up a take-away meal from strangers. But why all this, really?
Forbes Magazine probably sums it up with the phrase "Ownership, the root of the American dream, took a hit." For today's generation, ownership is no longer as important as it was a few years ago. Many people forego owning their own home for the sake of flexibility; instead of owning a car, they carry a mobility card in their wallet, and they only stream DVDs and music anyway.
The sharing economy has the potential to become a movement. Sharing is caring no longer applies only online, but is also lived offline. We already share our lives on Facebook. Instead of just sharing online content, we are now also detaching ourselves from material possessions and turning ourselves into mini-entrepreneurs. Lower costs and less waste are probably the main reasons. The sharing economy: not just sharing the new car, the beautiful house or the delicious meal on Facebook and bragging about it to friends, but letting others share it in real life.
Manuel P. Nappo
Director of Studies CAS Social Media Management at HWZ, Chief Networking Officer at Centralway. www.about.me/mpn