5 WAYS TO MAKE MONEY IN SHARING ECONOMY (IRELAND).
The Sharing Economy is taking over the supply of goods and services here in Ireland today at breakneck speed. Whether you choose to term it Collaborative Consumption or Peer-to-Peer Commerce, one thing for certain is the fact that smaller one on one business transactions are gradually taking a slice of the monopoly from the big corporations. The phrase ‘Sharing Economy’ might be relatively new but the concept is certainly not. 100 years ago, almost all businesses utilised the peer-to-peer formula although it was instead known as trade by barter whereby villages and communities traded goods and services as needed. With the Sharing Economy industry today boasting a market capital of over $20 billion, it is time for everyone to be a part of this exciting concept. So, how can you be a part of the Sharing Economy and more importantly start making money from it
Five Sharing Economy Services that will help you to make money online in Ireland
1. On- Demand Household Service
The Sharing Economy platform today generates thousands of euros in extra income for many people in Ireland mainly in terms of the provision of skilled and non-skilled householdservices. Household services in this instance may include electrical repairs, mowing of lawns, laundry and dry cleaning services, plumbing services, carpentry services, chauffeur services, and a whole lot more. One on demand household service sharing economy platform in Ireland today is Taskaround. Taskaround is an online sharing economy platform that allows Irish residents (Askers) to post household related jobs while interested parties (referred to as Taskers) send in bids for the job. Registration as a Tasker is usually free, but Taskaround charges 10% for every completed job.
2. Collaborative Consumption
Collaborative Consumption is another concept associated with the Sharing Economy and is the act of sharing, swapping, trading or renting products and services which enable people involved within the cycle to have access to a particular product or service without ownership. Collaborative consumption might sound like a modern day concept but is in fact incredibly simple and been in existence since the beginning of time. Take, for instance, a plumber who travels from Dublin down to Waterford to visit his girlfriend, and on getting there, discovers that the water pipe in her house is broken. Instead of hiring a costly plumber he searches online to rent the tools needed to fix it himself. Transactions such as this have the potential to generate hundreds of euro every week from the comfort of their living room by renting out unused items to people every day for a fee.
One collaborative consumption platform in Ireland is Tryilo which allows Irish residents to share and rent different items for free. Tryilo gives users the potential to earn over 100 euros weekly just by renting out their unused items to others. All you have to do is to sign up on Tryilo.ie, post your unused items on the platform with the price you will be charging per day for it while you wait for people around your area who are in need of it to hire your item for a fee. Tryilo allows Irish residents to rent or hire electronic gadgets, appliances, sport and leisure equipment, fashion items, music equipment, and educational materials amongst others. Users are given an online Tryilo wallet that allows users to save their earnings gotten from renting out a product to others.
3. Peer-2-Peer Accommodation
Peer-to-Peer Accommodation is one another sector within the Sharing Economy industry in which people are making thousands weekly and involves households offering access to unused space in their home or renting out a holiday home. The owner of a holiday home in Wexford for example can use sites such as Airbnb to list it for rent when not in use. Airbnb is the easiest way for people to monetize their extra space and showcase it to an audience of millions and presently has over three million homes listed across 191countries. One great advantage of peer-to-peer accommodation platforms such as Airbnb is that the owner reserves the right to fix their own rent rates and to set their availability as they wish.
4. On-Demand Delivery
On- Demand Delivery is another growing sector within the Sharing Economy system. With an ever increasing demand for products and services comes a growing need for such work. Food delivery is big business today and Irish delivery platform, Deliveroo makes it possible for people who own a bike to earn extra money by delivering meals to people in their locality. Another great on- demand delivery platform in Ireland is Helpling which offers cleaning services including house cleaning, car cleaning, and also dry cleaning. Those offering cleaning services can sign up for free on Helpling and be hired as required.
5. Peer-2-Peer Transport
This provides a great opportunity for drivers to earn some extra money with their car either as a driver or by renting their car out to somebody else for the day. Platforms such as Uber enable you to register and drive people around your location for a fee with Uber collecting 20%. Another other great sharing transport platform is Gocar.
With PricewaterhouseCoopers (PWC) predicting that the sharing economy industry will have a market capital of about €335bn by the year 2025 by PWC, it is clear that the number of sharing economy generated platforms here is set to rise. Together with projected technological developments, it is certain new sectors within the Sharing Economy industry will be unlocked in years to come so it is high time that we all thought of ways to get in on the action.