It has become difficult for many people to own an asset or aspire to own an asset, so many of our daily functions will be outsourced in future. According to Business Futurist Morris Miselowski, the Sharing Economy will soon facilitate most of our daily actions.
Whether one simply wants to borrow a screwdriver, a car or even a holiday home – thanks to the Sharing Economy people will spend less and still be able to enjoy the full experience. Nevertheless, the price is not the only reason for people to actively participate in the Sharing Economy but also because people do not want to fill their lives anymore with things they rarely use. Through the Sharing Economy, people can find the things they need easily and comfortably.
This approach is definitely more cost-effective and enables people to become more flexible. According to Rebecca Sullivan, there are several ways on how the Sharing Economy will be involved in our lives such as delivery, storage, and clothes. But also advertising will be an important way. Soon it will become the norm to have your car wrapped with advertising for a fee. But also the usual money players like banks will become less important due to peer-to-peer lending. Moreover, there are lots of people who will come and cook for you at their home. In general, trust will become the new currency and by embracing the Sharing Economy our society is likely to become more sociable again.
“It doesn’t make financial sense to own a bunch of things that you rarely used” – Steve Orenstein (CEO of Sharing Hub)
However, the Sharing Economy is not only going to have a major impact on our private life but it will also lead to a fundamental shift in business. Full-time work will turn into task-based work. The so-called digital nomads are already making a living out of that lifestyle.