Want to wear Gucci for a day? or maybe own a Ferrari for a week? Wondering how? Just like how you rent DVDs with a slight modern touch to it, mobile technology(you should have seen this coming) Can’t believe it? The future beholds us the sharing economy. What is the sharing economy? BBC defines it as “Everything from cars, central city parking spaces and designer clothes to accommodation are available from individuals and companies that are making billions from providing easy access to what people need in a difficult economy.
However let me make one aspect very clear, this isn’t just all related to saving money (I know it is surprising in a money minded world like ours. ) Apart from helping people live in unstable economic conditions, some of those already using such an economic structure are utilizing it to conserve resources and save the planet. It will help you feel like a “better” person by saving the community taking simple small steps. You don’t want to own all those fancy electronic equipment in your households and not use it.
Simply, hire one when you need it! In this technological age where you don’t know what to expect tomorrow (maybe your mobile generating a visual image in the air, it is very likely that “tomorrow” might apply in the literal sense here) you can use the sharing economy with transactions that can be made quickly through a cell phone app or a web site. This is very convenient and accessible at the same time. Wait a minute… This looks too good to be true. Wondering what the drawback is? 2012 looked galaxies away for retail outlets in the world.
However now, it looks like the doomsday for massive retail outlets is closing by. In simple words, the end of consumerism. If consumers can hire almost anything they want what will happen to retailers, what can they sell? It is obvious that this won’t be seen as a rapid change, but the effects can definitely be seen in the long term. Here is a fun fact,”Researchers say that we only use our cars eight per cent of the time and we spend billions on the space where we store stuff that we almost never use, such as power tools.
They also say the sharing economy is expected to be worth $110 billion within the next few years. “No Pain. No Gain. ” Consumers can get items for cheaper exactly when they require it conveniently, but lose jobs at the same time. It is time for every company to gear up, hire IT wizards, and make their e-commerce absolutely world class. The day you want to ride that Bentley or rent the finest villa for a day to spend with your family isn’t far.
Courtney from Study Moose