Think of it as maximizing your return on investment. For example, a cordless drill purchased for $100 and used twice costs you $50 per use. If you share your drill with 10 people, the daily use cost drops to $10. If you charge each person $15 a day to borrow your drill, you not only recoup your $100 investment; you make $50 profit. The more times you share your drill, the more money you make.
That is one of the primary attractions of peer-to-peer marketplaces. Not only can people who own high-ticket items they seldom use get their money’s worth from their investment; but people who only have an occasional need for something can borrow it for a nominal fee. And you may not have to shell out to borrow an item. Many people on peer-to-peer sites trade services: You borrow my drill for a day of picture hanging in exchange for letting me borrow your ladder to paint my ceilings. Everybody wins!
Some sharing communities are more service oriented, allowing members to bank service hours for later use. It allows people to trade their skills. For example, if you have handyman skills, you could bank 5 hours of home repair for one member and cash it in on 5 hours of web design from another member. It’s another way to sell what you know to get what you need.
On Zoondy, you can either sell or trade your services — or both. Zoondy provides a peer-to-peer marketplace where you can sell what you know and buy what you need. Watch our video to find out how Zoondy can help put some extra cash in your pocket! For more information on the sharing economy, check out The Zoondy Daily.