Collaborative Consumption: How A Sharing Economy Works

Have you ever used Uber? Ever booked accommodation on Airbnb? Or helped fund a creative project on Kickstarter? You might not realise it, but you’re contributing to a sharing economy; a growing network of services that are revolutionising the way we purchase goods and services around the world, including in Australia. 

To put it simply, a sharing economy connects individuals who have something valuable they’d like to share with people who need it temporarily, allowing both parties to benefit. From logging onto Gumtree to buy and sell in your local area, to using Prime Park to source the cheapest parking in Sydney, many consumers participate in collaborative consumption more often than they realise.

Why Share?

Made easier with modern technology, sharing with strangers is both good for your bank account and good for the planet. By renting, trading, swapping or bartering, you are making use of resources that already exist in the community.

Here are some of our top reasons why you should considering taking part in the sharing economy:

Sustainability. A sharing economy offers a sustainable, green way to get what you need. You are supporting an eco-friendly way of living and giving your money directly to people, not corporations.

Saving money. Collaborate consumption is very cost-effective. Often much cheaper than outright purchasing, sharing or renting a good or service means you ultimately have more money in your pocket to do with as you wish.

Flexibility. While you might not ‘own’ the resource in all cases, you will have full access to it while you need it and at the end, you can flexibly return it so someone else who needs it can gain from the exchange.

Clever consumption. A sharing economy turns idle capital into revenue. Collaborative consumption encourages entrepreneurship and helps you make good use out of a product or service you are not using, even earning you a profit.

Sub-header: The Sky’s The Limit

Make no doubt about it, collaborative consumerism is the future. The industry is booming in Australia, offering many consumers the chance to capitalise on great deals that give back to the community. These include:

  • Uber (lets you hire a taxi, private car or rideshare from your mobile phone)
  • Kickstarter (a global crowdfunding platform that brings creative projects to life)
  • Airbnb (a savvy traveller’s way to rent on the cheap)
  • GoGet (an Aussie-owned car-sharing service)
  • Gumtree (an online classifieds and community website that allows you to buy and sell in your local neighbourhood)
  • MeeMeep (an affordable way to move stuff from point A to point B)
  • Prime Park (that’s us! A smarter, more affordable way to rent a parking space anywhere in Australia)

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