3 min to read
If you just started your way in sharing economy industry you probably start to research the market. There are well-known companies, like Uber, Airbnb, Lending Club. The four sectors in which collaborative economy platforms have the most significant presence are:
1. Accommodation apps.
Through such platforms, people rent out properties or parts of properties.
Apps include dual interfaces for hosts and guests. To start earning money you need to share a free room or whole property. The key feature that accommodation places on the map, so you can see the exact location to nearest sightsee, bus/metro station etc. The rating and reviews help to choose the best place to stay.
Examples of such companies are Airbnb, HomeAway, HouseTrip, 9Flats, Wimdu, Onefinestay, Roomorama, Sleepout, Love Home Swap and Holiday Lettings.
- Airbnb provides a residential space-rental platform matching hosts and guests. As of February 2016, it claimed a presence in 34,000 cities covering more than 190 countries, 2 million listings, and more than 60 million guests hosted. Airbnb is valued at $10 billion2
- HomeAway, with a similar business model, covers 190 countries. It is a public company valued at $3.4 billion. 9- Flats has a strong European presence with 100,000 listings.
We can divide such kinds of platforms into two different broad categories. The first group of platforms facilitate the hiring of assets such as cars, motorbikes and bicycles. Examples are ZipCar, EasyCar, car2go, Autolib and Velib. Platforms also include dual interfaces, for owners and customers.
Owners provide all the required info regarding the transportation, their current condition etc.
The disadvantage of car-sharing platforms is that you can't sare the car with an odometer reading below 125,000
If you rent transportation for several days it's usually more beneficial, cause the rate reduces with decreasing number of rental days.
The second group of platforms help their users to rent assets together with labour and human capital. Examples include BlaBlaCar, Sidecar, Uber and Lyft.
Car2go offers transportation on-demand using 'by-the-minute rates. It is present in 29 European and North American cities. It reports having 1,000,000 members.
BlaBlaCar enables drivers with empty seats and paying passengers to share long-distance travel costs; as of February 2016, the platform reports 25 million members and 10 million travellers per quarter. It is a private company valued at $1.6 billion.
Uber matches individuals that needed a lift with drivers; it has 160,000 registered drivers and covers 230 cities in 58 countries. Its estimated revenues in 2014 were between $1.5-2 billion (Codagnone et al, 2016). It is currently valued at $41.2 billion (Austin et al, 2015).
Uber's competitor, Lyft, has 60,000 registered drivers and is valued at $2.5 billion.
3. Online labour markets such as Amazon Mechanical Tusk, Adtriboo, TaskRabbit, Oltretata, Freelancer, Crowdsource, Crowdflower and Clickworker. These platforms specialise in micro-tasking by matching employers and on-demand workers. Easily and fast-paid works. The one side of users shares paid tasks other users accept or apply on this task.
Apps also include the rating of both side users that helps grow trust relationships.
Integrated different payment systems prevent scammers and reduce taxes.
Crowdfunding platforms such as Kickstarter and IndieGoGo match entrepreneurial projects with funders (venture capital financing). Peer-to-peer lending platforms such as Lending Club and Prosper connect individuals and SMEs with potential peer-lenders, without the involvement of any financial institution.
If you have an idea and need money for a quick turnaround, that's the best type of apps.
You will be quickly notified or chat with the investor. In your profile, you can share the description, picks, and prototypes to attract donations.