shared economy business

We are living in the midst of one of the most successful sharing economies that has ever taken place and chiefly behind that are tech companies who are using advancement in technology to help us become a better community. The ethos of the sharing economy is about the world coming together to share assets or services between ourselves. With the help of some of the world’s smartest people who have started companies which help us to work within this economic system, the sharing economy is once again booming, and these are the companies behind its success, according to Louis Hernandez Jr.


AirBnb is one of the most successful proponents of the sharing economy and it has completely revolutionized the way in which we book accommodation around the world. If you haven’t heard of AirBnb yet, or you aren’t sure what it is all about, it is basically a portal by which people can rent out their spare rooms, their entire homes or any other living space which they may have. AirBnb’s are usually far quirkier, and much cheaper than hotels and this company is really growing from strength to strength.


Uber is not just about being able to book a private hire from your smartphone, it is also a company who are greatly pushing people to car pool in order to help everyone be more ecological, whilst saving them money as they go with great Uber rates. The way in which Uber offer this ride sharing service is fantastic and you could even find yourself in a car with 3 others, all going to similar destinations, the sharing economy at its absolute finest.

Relay Rides 

Backed by Google Ventures, this smart company offers you the chance to borrow a car or loan your car to neighbours whilst you are away, or not using it. Cars can be rented by the hour or by the day depending on what people are looking for and the application even has the option to allow you to unlock the car without even speaking to the owner. Despite concerns you may have about security, this is a service which works incredibly well, is super secure and helps people get from A to B, each and every day.

Task Rabbit

A mobile marketplace where you can find people to complete just about any task or job which you may have, Task rabbit has been in business since 2008 and currently has over 4,000 ‘Taskrabbits’ just waiting to complete whatever you need. Those wishing to work on the site are formally interviewed and checked out before they can get to work, and the feedback from those who have used this service is nothing but positive. Why bother paying expensive services when you can find people to complete your task to a high standard online, through the use of the sharing economy and Task Rabbit.

What is your view on the sharing economy? We’d love to hear from you.