How To Benefit From The Sharing Economy 2.0

  • January 17, 2022
Reading Time: 5 minutes
  • January 17, 2022
Reading Time: 5 minutes

Sharing Economy 2.0 is easier to access and easier to consume. Learn how to rent assets,
make money from reselling and use the world’s largest platforms!

To summarize,sharing economy is one in which you can leverage platforms that allow all users to participate in the trade of commerce so you can all win together.

The sharing economy can help in making everyday life easier, more affordable and gives everyone the flexibility and freedom to do more with the same resources.

The many benefits of using it include more ways for you to earn money, easy access to shared services and increased quality of life.

What is a shared economy business model

Let’s first describe the sharing economy in a few words like author and speaker Rachel Botsman would say “What’s mine is yours”.

This is a broad subject that tackles the activity of acquiring and then sharing access to goods and services. In other words it’s collaborative consumption and it’s no surprise that over 44% of US consumers are already familiar with this concept according to a PWC study.

Welcome to the new millennia where everything can be rented or shared and what sets it apart today is the scale and direct access to consumers to play in the financial rewards.

Related: The Best Features And Amenities To Keep Your Vacation Rentals Booked

To summarize, the new trend for the sharing economy is one in which the platforms allow all users to participate in the trade of commerce will be the winners.

Here are some companies you might already be familiar with: 

  • Transportation – Uber for your ride-sharing need
  • Parking Space- JustPark is a platform that matches drivers with available parking spaces. The platform and mobile app provide access to 200,000 underused spaces. Drivers can search for, reserve and pay for parking wherever and whenever they need it.
  • Hospitality – AirBnb, VRBO and Hustle Pads for your accommodation.
  • Work Space – WeWork  for a flexible work space.
  • Virtual Employment – Upwork for freelance job source.
  • Labor & Errand – Taskrabbit  for your need of skilled taskers. 

How Can You Make Money Using the Sharing Economy

Heres a few ideas to get you started.

  • Hosting & Renting. Begin renting out your extra properties or rooms here on Hustle Pads.
  • Lending. Be a solution for those in need as a social lender and earn interest on your money. Just be sure to make a strong contract with your payees.
  • Rent out your vehicle on Turo.com and earn money from your new car instead of it sitting at home collecting dust.
  • Reselling. Buy and sell has been known for a thousand years, it is one way of earning through selling what you have legally purchased at a higher price.
  • Drop shipping. Sell products you don’t even own and print on demand.

So are you getting what we’re saying! In fact, 51% of US consumers say they could see themselves being providers in the sharing economy in the next two years.

The bottom line, what ultimately keeps today’s sharing economy growing is trust and the ease of transactions.

How can Sharing Economy 2.0 Improve Your Life

Usually most of us are on the consumer side of this conversation and in a PWC.com study found that 72% say they could see themselves being consumers in the sharing economy (1) in the next two years.

Clearly we need to plug in our own platform so we highly recommend checking out becoming a host on Hustle Pads 😉

Whether you are an entrepreneur, a regular employee or a digital hustler, Hustle Pads has made it easy for you to enjoy a long term travel journey through curated rental units, and adventures! Not to mention that every Hustle Pad is specially set-up for traveling remote workers.

Related: Why You Need Desks in Your Vacation Rental

Use the Hustle Pads’ sharing economy 

So you’re ready to jump into the sharing economy and want to start with vacation rentals. Here are three simple tips on how to use Hustle Pads’ sharing economy:

1. Make Money! 

Share your home and be part of the biggest niche of the sharing economy today – home sharing! Hustle Pads is a great market place for a safe and secured long-term vacation rental platform that promises you less risk, less volatility, and potentially earn more cash with peace of mind.

2. Travel for less!

Check out the best travel hacks to travel for less and experience more without breaking the bank! Find low cost accommodations that will help keep your adventure journey continuing.

Come travel with us here Hustle Pads

3. Do Both! 

Why would you choose when you can have it all?! Fund your dream adventure by not letting your place stay empty when you leave to travel, become a host at Hustle Pads while you enjoy being a traveling hustler!

These products have been reviewed by our editorial team and or have been reviewed by other amazing travelers. By using our links it helps to support our Hustle Pads Travel Magazine and we may earn commission.

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