What is a Sharing Economy?

What is a Sharing Economy?

While groups of people have been sharing goods for many years, the internet and big data have made it easier for those who own goods to share and for individuals who are seeking goods to find each other. This concept is called sharing economy.

What is sharing economy?

  • Sharing economy involves the communal invention, production, circulation, exchange, and utilization of assets and services by individuals and businesses.
  • Essentially, the sharing economy permits individuals and groups to make a profit from wasted and not used goods.
  • Within a sharing economy, these wasted and not used goods can be rented when not being used. In this case, physical goods are distributed as services.

With the sharing economy booming, there are many benefits not only for businesses that rent out these services but for the individuals who are consuming them.

The benefits of sharing economy

  • A popular argument of sharing economy is that when information about assets is shared, the worth of assets may grow for the business, individual, community, and possibly society.
  • Self-employment, work done by those in the sharing economy, results in improved opportunities for work, in addition to the flexibility it offers workers, and individuals having the power to select the time and location of their work
  • Supplying consumers with accessibility to goods who cannot afford to buy them or don’t have a significance for using them long-term.

You have probably seen (or even used) some examples of the sharing economy whether you know it or not!

Examples of sharing economy

  • Real estate such as Airbnb
  • Transportation such as Uber, Lyft, or scooters/bikes such as Lime or Bolt
  • Technology such as powerbank sharing
  • Fashion such as clothes rental

Brick Technology is a part of the sharing economy, offering a charging solution on the go that you can return when you need to. Brick allows users to charge their phones with full battery without having to purchase a charger. Rent, charge, and return at the same station or a different station for up to 5 days!

Eager to read more about the sharing economy? At insights.brick.tech we have a comprehensive article about the beginning of the sharing economy and future predictions. You'll also find statistics as well as common and current trends regarding the sharing economy.

Interested in how it works? Check out our website or download the app in the App Store!

Interested in building passive income or a large-scale business?

The start-up cost of becoming a Brick partner is €4.000. For many, 20 stations and a passive income from their Brick stations is more than enough. To others, it is an opportunity to build a large-scale business without having to add a range of operating costs.

See full revenue calculations or go ahead and apply to become a network partner

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