@jordan.bosstick I use tradesy! Its a great way to make money. I am afraid to use some other services such as lyft though. Seems like it could be dangerous to get in some random person’s car. I would like to see more businesses such as this develop. Help the struggling middle class earn some extra cash!
Its been a rough couple of economic years…. Life is expensive, and if you’re like me you’re constantly looking under your sofa and emptying your pockets for the slight chance you might find some extra cash. Luckily, theres an emerging market that helps average people realize idle assets, and turn both your daily activities, or items lying around in your closets into cold, hard, CASH.
Introducing… the collaborative, or sharing economy.
The collaborative, or sharing, economy is the exchange of goods or services for currency from person to person through a service. People are dealing with other people rather than corporations, and simply utilizing the service the business provides to monetize their personal idle assets. The sharing Economy is helping people realize they have possessions worth money that they’re not using, and they do things every day that can earn them cash. All while supporting other individuals do the same.
My favorite example of an innovative business within the sharing economy is http://www.Tradesy.com
Tracy DiNunzio is an entrepreneur that created Tradesy.com, a platform for anyone to monetize some of their unrealized assets by selling and trading their clothes. Tradesy provides the platform for people to monetize their closets through an easy to use website and smartphone app.
Tradesy.com’s website and smartphone app allow people to trade their clothes, and generate cash in ways that weren’t possible before by utilizing the Internet and emerging technology. It also helps people save some money because they are buying used items. On Tradesy.com, you can take a picture of clothes you don’t want anymore, upload the pictures onto your Tradesy account, sell them to other traders, and exchange money through PayPal. Its seriously a great idea! I have been using it and getting great results! You can shop my closet HERE: http://www.tradesy.com/jordan-b/552151
Tradesy is not the only website looking to help people monetize some of their unrealized assets. Check out this article explaining this emerging “Collaborative Economy” or the “Sharing Economy” http://www.nytimes.com/2013/12/22/opinion/sunday/friedman-how-to-monetize-your-closet.html
You may also heard of Lyft, the on demand ride sharing tool. People can hitch a ride with Lyft approved drivers, just average people that will offer you a ride. DogVacay allows people to leave their dog with other DogVacay users. RelayRides is a way to borrow cars from your neighbors. TaskRabbit is a task hiring service where you can hire random people online to do various tasks for you for cheap. The list goes on and on.
I truly believe in innovation through the private sector. The emerging sharing/collaborative economy is a very exciting new market. I think it is at the beginning of its popularity in the world, and I imagine many more websites for all different types of services in the near future. People have been experiencing the very negative effects of a struggling economy. But through this type of market innovation and evolution, access is being made affordable to those who previously could not pay for hotel rooms, a rented car, a pet sitter, one-of-a-kind jewelry, a gourmet meal, or inexpensive clothing. In all these cases sharing or collaboration is involved. So is modern technology such as mobile, social media, sensor, data and location. The private sector is truly amazing. I look forward to seeing where this emerging market takes us, and its impacts on the people helping to build it.
By Julia Wotten
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