In simple terms, a shared economy can be described as a system where human as well as physical resources are shared. This type of economy is also termed as a peer to peer economy and a collaborative economy and is among the top business fads these days. The sharing of goods among relatives, friends, and acquaintances is very common, but now this concept is taking a step forward in the form of a business model. On the one hand, a shared economy helps to monetize the assets that are not fully utilized by the owner and on the other hand it allows individuals to rent goods and services needed for the short term rather than buying the product.
Earlier, people used to advertise these types of goods or services through print advertisements in newspaper, magazines and other sources, but with the advancements in technology, there are an array of mobile platforms that enables businesses to advertise as well as directly monetize their products and services.
Many online startups have introduced the concept of collaborative consumption where an owner of goods and services can rent or share the same with another person who needs it. Some of these popular startups include Airbnb, Uber, TaskRabbit, Yerdley, Postmates, RelayRides and eBay.
In this article, we will discuss 3 popular startups that are influential in expanding the shared economy by providing web access and mobile applications.
Airbnb is a popular community marketplace which was founded in August 2008 and is based out of San Francisco. This trusted marketplace enables you to search and book accommodations across the globe. Whether you are looking for a villa to have a luxurious holiday with your family for a week, or need a room for one night, the community will help you to connect with people in more than 190 countries and 34,000 cities to find a place that fits your requirements and your budget. It is also possible that if you have an extra space available that matches the requirements of some adventurous traveler, you too have a chance to monetize your place on Airbnb. The services of Airbnb are readily available online as well as through the phone using the Airbnb phone app.
About the Airbnb App:
The Airbnb app brings 450,000 listing located at more than 34,000 cities to the screen of your phone. So now when you plan your outings or holidays you will not have to worry about accommodations because you will certainly find one that fits your needs and within your budget. For users who own a house, a room, or any other space lying vacant, the app helps to showcase the owner’s abode to travelers.
Features of the App for the travelers:
- Search for the type of accommodation across 34,000 cities
- Book the desired accommodation directly from your phone.
- Look out for last minute options for accommodation
- Look out for long term accommodation options in cities
- Find out unique options and properties and share them with your friends by listing them in your Wish List.
- The app also enables you to a send message to your host, have access to an itinerary and also get directions to the listing.
Features of the App for the host:
- The app enables you to list your space and manage the same from the phone
- As a host you can accept, pre approve as well as decline through the app. Special offers to attract the customers can also be sent.
- The app enables you to get acquainted with potential guests before renting your space to them.
- Calendar availability can also be updated with the app.
- The app allows you to manage received inquiries, send response messages and also manage your To-Dos from the Host’s Home.
- As a host you can learn about the expectations of the guest before they come through hospitality standards.
- Provides access to groups and allows you to connect with the host community.
In order to create an Airbnb profile, the app uses the READ_PHONE_STATE permission to verify the phone number.
Links for Downloading the App
Link for Google Play Store: https://play.google.com/store/apps/details?id=com.airbnb.android&hl=en
Link for iTunes: https://itunes.apple.com/in/app/airbnb/id401626263?mt=8
Uber is an app based taxi company that operates in many cities in many countries. Founded in March, 2009, Uber has its headquarters in San Francisco, California, and the company operates by receiving requests for rides by customers and then sends the request to the driver. On one hand it helps the customers to book a taxi when needed, and on the other hand it gives a chance for people to work and earn money as a driver. To work as a driver for Uber you simply need to provide your details along with some documents to the company. Upon approval, the company will provide you with a login to their Uber Partner phone app and then you are ready to work according to your own schedule and earn a decent amount of money.
About the Uber Rider App:
The Uber rider app acts like your private taxi in many cities across the world where you simply need to make your ride request and a car will be there to pick you up.
Features of the Uber app:
The on demand service of Uber helps you to get a car when needed and as a result there is no need for any prior reservation.
- The app allows you to set the pickup location on the map.
- As a rider you can connect to your driver and check the progress of your taxi at any time.
- You can compare the rates of various options of Uber and also get the fare quotes.
- The app provides the facility of paying through PayPal, Google Wallet and also by adding a credit card to your Uber account so that you do not have to worry about carrying cash.
- As a rider you can safely travel anywhere and also get the receipt through email when you reach your destination.
Links for Downloading the App:
Link for Google Play Store: https://play.google.com/store/apps/details?id=com.ubercab&hl=en
Link for iTunes: https://itunes.apple.com/in/app/uber/id368677368?mt=8
Link for Windows Phone: http://www.windowsphone.com/en-in/store/app/uber/b905a877-bd55-4ce7-a7aa-467cdc3a21f4
Founded in the year 2008, TaskRabbit is an online and mobile based marketplace that enables people to outsource tasks to others. As a user, you simply needs to mention the work or the task to be done and the price you are willing to pay after which bids are made by the pre approved contractors to complete the task. Targeting local workers, TaskRabbit connects you with other people in your neighborhood who can help you in various types of works and tasks.
TaskRabbit has a team of smart and qualified taskers who could complete your work with safety and reliability. As a user you simply need to mention your requirements and you would be connected to a tasker who is proficient in the required work. Upon posting of the job, hourly rates of taskers who are suitable for your job are mentioned. After the completion of the task, the payment can be made through a secured online means. 24/7 satisfaction guaranteed services is provided through TaskRabbit.
About The TaskRabbit App:
Whether you are looking for house cleaning, grocery delivery, or any other type of day to day task, the TaskRabbit app will surely provide a tasker to get your work done. The app helps in a variety of tasks including the following:
- Moving: If you need to move to a new apartment or office, the app will find a tasker to help you in packing, moving as well as unpacking.
- House Cleaning: The taskers at TaskRabbit help to keep your house clean and tidy through dusting, mopping, vacuuming, polishing mirrors, scrubbing toilets and sinks, cleaning dishes, making beds and other tasks.
- Grocery Delivery: You need to simply hand over your list and the taskers at TaskRabbit will deliver your groceries to your door step.
- Handyman Services: The members at TaskRabbit can help you with installation of furniture, mounting of TVs, installation of shelves and other such tasks at your house bringing the tools they need to get the job done.
- Errand Tasks: Any type of errand task is also taken care by TaskRabbit like shipping packets, picking up of prescriptions, dropping off clothes at drycleaners and other chores.
- Waiting in Line: The TaskRabbit team also helps you by waiting in line for you at the passport office, movie theatre, restaurant for booking tables and other such places so that you can just arrive at the last minute.
- Donations: You can even make donations at TaskRabbit so that you have free and open space for new and needed stuff.
The tasks at TaskRabbit are insured up to $1M and the people working as taskers are selected after a thorough background check and interview so that you can enjoy safe and reliable services.
Links for downloading the app:
Link for Google Play Store: https://play.google.com/store/apps/details?id=com.taskrabbit.droid.consumer&hl=en
Link for iTunes: https://itunes.apple.com/en/app/taskrabbit/id374165361?mt=8