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Oakland, CA (Merxwire) – Three years ago, I was doing something that I hate. Staring at the PC and keep the looking number on a spreadsheet and wondering what I am doing? Wake up early in the morning, go to the office, and again stares at the PC.
Two things were running in my mind either die as a guy who keeps staring number or make yourself in something good that you love to do.
Every other guy. I was quite depressed about the apartment rent, loans, and daily expenses because my income was good, but I wasn’t. There is always “if” and “but” in everyone’s story, so it was mine.
If you are reading the article, then I am sure you are the old version of mine who are looking to come out of the traditional job and make something good for yourself that you care and enjoy.
A journey began with a Google search, and several job display on search engine page and I chose a gig economy as my career.
I started to train myself and kept spending time in writing, editing, and the best things were I was enjoying what I was doing. With time and hard-working, I was improving every day in my gig and never quit. I master in writing and my favourite topic is the sharing economy.
What is the Sharing Economy?
Trying to define the sharing economy would be difficult as it contains many terms.
1. Peer Economy
2. Access Economy
3. Gig Economy
4. Shared Capitalism
5. Collaborative Consumption
6. On-demand Economy
7. The Mesh
In simple words, it says “you need – I have” or sharing something you are no longer wanted to use. The technology gave access to exchange goods and services through the online platform what’s people called sharing economy.
However, Airbnb and Uber are the serious player and have a combined total market value of $103 billion, which make them 38th wealthiest country in the world. Airbnb holds $31 billion, and Uber holds a $72 billion market cap.
Sharing economy is not a new concept that comes recently. Our ancestors used to exchange things as a process of buying and selling.
Thanks to internet accessibility, and digitalization which drastically changed the shape of transportation, renting a room, tasking, consumer consumption, etc.
Rising of sharing economy leading to the falling of traditional industries if they do not adopt this transformation, then unfortunate consequences will see in the future.
Impact of Sharing Economy
There is a 60 percent rise in the sharing economy in the United Kingdom in 2016-2017. It is a phenomenal rise in the sharing platform such as Airbnb, Uber, Just Park, etc (source: WBS).
Traditional industries may collapse if they do not decide about adoption. Business is all about people if people find something interesting they switched, without a second thought. It is necessary to know or read the mind-set of their customers. Adaption according to the future is a must because tomorrow everything will be shared car, bike, room, clothes, parking space, etc.
It is also argued some sharing economy allows users to access other opportunities. For example, the Uber driver is allowed to join Fiverr or TaskRabbit if they want to explore possibilities.
Referral programs such as Uber promo code for existing users and Airbnb allowed users to hit first chance almost free, which helps them to have the first beautiful experience.
Technology shaped the way of living, and it grows fast due to digitalization. The trending way of employment gives a new idea of flexible working. Who know something even bigger and flexible is coming.
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