THE SHARING ECONOMYPresented By Milford Public Library

What Is It (other than disruptive)? People selling their skills or their stuff

directly to other people as needed A lift to a different location A room/home for the evening (or more) Crowdfunding an innovative new product idea

Facilitated by mobile technology No middle man is necessary Can be cashless Communication is nearly instantaneous Agile / Dynamic

Uber / Lyft Like taxis

Simply people going your way They make some extra cash, you go where you

need to

Uber Fares Four Classes

UberX (basic) base fare $0, cost per min .15, cost per mi .90, booking

fee $1 minimum fare $4.65 (based on L.A.) UberXL (SUV/minivan) UberSelect (luxury car) UberBlack (black w/black leather - limo) Fare Calculation

Base Fare + (Cost per minute * time in ride) + (Cost per mile * ride distance) + Booking Fee = Your Fare

Minimum fares may apply Fares vary be location

Uber Drivers Disrupting the industry from taxi’s to

rental cars… http://www.forbes.com/sites/andrewbender/2015/10/17/uber-lyft-have-surpassed-taxis-now-spell-trouble-for-the-rental-car-business/#3f1226325cdf

Airbnb Like bed & breakfasts

People opening their homes to strangers, offering a temporary place to stay They make some extra cash & you get a place

to sleep Experiences

hosts and locals can offer different tours, & events

Most of the experiences cost under $200

Airbnb Rates On average, Airbnb apartment rentals

are 21.2% less expensive than hotel rooms, and a private room in an apartment is on average 49.5% cheaper. (http://priceonomics.com/hotels/)

Crowdfunding Have a great idea for a product but need

seed money? Kickstarter Indegogo

Task Rabbit Chores

Housekeeping Handyman jobs Errands Pack/unpack Build furniture, grills, etc… And more!

Selling Like The Bargain News

eBay Craigslist

Caveats

Privacy Safety Few guarantees