Share the Wealth: 4 Positive Effects of the Sharing Economy

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In the last couple of years, the sharing economy is a term that many people have been using. Even if you are not 100 percent sure what it means, the chances are that you have been part of it at some point during your life. The sharing economy basically refers to the exchange of goods and services between people, usually facilitated by the internet. Whether you are getting involved to make some extra cash or just to make your life a little easier, there are many ways that you can benefit from the sharing economy. Here are just a few of them.

Monetise What You Are Not Using

Platforms like Airbnb have quite literally opened up people’s homes, allowing them to make money from their spare room. Whether you are looking for a full-time lodger or someone to rent your home to while you are on holiday, the process has been made easier than ever. If letting a stranger into your home seems like too much of an imposition, how about just taking in some of their stuff? Sharing platforms now exist where people can pay for storage space which is at a premium in many cities. Another alternative that is now possible is to rent out your driveway when it is not in use. People are willing to pay good money for a well located spot and it may well only be needed while you are at work anyway.

Make Your Life Easier

Platforms like Uber have completely revolutionised transportation, making it easier than ever to get from one place to another. If you are struggling to do odd jobs around the home, chances are that you will be able to find someone in your local area who is able to do the job in exchange for a fee that is smaller than calling in a professional. Looking to get your house clean? Whizz is an online platform that connects cleaners with homeowners in the area. Ultimately, the sharing economy means that skills are more easily accessible than ever before.

Declutter Your Home

One of the pioneers of the sharing economy, eBay was established over 20 years ago. But now there are a whole host of online selling platforms in which you can get rid of some of your old stuff while also making a tidy profit. Another option is to rent out items like tools or designer dresses – things that you may not want to throw away but that you can still make money from.

Benefit From Your Skills

You may speak a foreign language, in which case you will more than likely be able to search for people online who are looking to learn. You may have a passion for art, in which case you can offer to do bespoke portraits or make hand-crafted pottery. Ultimately, the sharing economy has provided a myriad of opportunities for people to benefit from the skills of each other and you will almost certainly have something that people are willing to pay for.


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