The way people do business is changing. Peer to peer business practices that seem to echo the centuries old bartering system, but in a new way, are in vogue. One Australian company, for example, found that not only did they enjoy renting affordable luxury cars at from a car rental service, but that they were also able to use the car rental company’s service to rent out their own vehicles when not in use. Finding new ways to share and use available assets is key to the new face of business as it continues to emerge.
Key Takeaways:
- Aristotle once wrote, “On the whole, you find wealth much more in use than in ownership.” Now, companies are now applying this model to how they work. As the sharing economy continues to grow, there are endless opportunities for companies to take advantage of peer-to-peer platforms to scale up their business operations and reduce costs.
- Cabled Up is one example of a small business that has jumped on to use the sharing economy, reaping the benefits of a two-sided marketplace like DriveMyCar, Australia’s largest peer-to-peer car rental service.
- Cabled Up is an Australian-owned telecommunications business based in Parramatta. Their customers can book licenced telecommunications technicians and manage the entire process online including payment, viewing pending/completed jobs, invoicing and ticketing.
“As the sharing economy continues to grow, there are endless opportunities for companies to take advantage of peer-to-peer platforms to scale up their business operations and reduce costs.”
https://insidesmallbusiness.com.au/planning-management/leveraging-the-sharing-economy
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