Peer-to-peer sharing Economy is a platform for the two parties with the same interest where one is a sender and the other is a receiver. The P2P economy is actually decentralized marketplace business model where two individuals interact with each other to buy and sell goods or service to each other.
Let’s discuss why some of these Peer-to-peer (P2P) Sharing Economy Startups are hot and a must watch in 2020 for sharing economy pundits, industry watchdogs and aspiring P2P and sharing economy startups worldwide.
Lyft | Uber
Lyft and Uber are the leading taxi community marketplaces that connect drivers with empty seats to co-travelers looking for a ride. It is extremely new, strong and people-powered travel network and fast-growing community of users. After the relatively negative news about Uber in 2019, it would be interesting to watch it and its arch rival in the US in 2020.
Learn more about Uber and Lyft business model in an exclusive research articles by our team. Or in case, you are planning on starting your own ride-sharing on-demand business, you can check the following links out-
- Uber business model
- How does Uber work
- Lyft business model
- How to start a taxi booking app like Uber or Lyft?
Poshmark is the biggest social commerce marketplace for style and fashion where anyone can purchase, sell and share their own style. With over 2 million Seller Stylists and millions of shoppers, Poshmark brings together a vibrant community every day to express themselves and share their love of fashion.
We covered the nitty-gritty of Poshmark business model including how does it work and how it makes money. Or in case you are in a hurry and want to start with an off-the-shelf Poshmark Clone without doing much of the hard work yourself, we might just have the right product for you to check out.
Zaarly is the sharing economy for the people who want to provide service for others and the people who want to buy service from others. The main focus of Zaarly is to create a virtual store for sellers to sell their service from mobile repair to home cleaning.
Turo is a marketplace which is peer-to-peer and allows individuals to rent vehicles from owners. Turo customers can either pick up the vehicle or have it delivered to them by the vehicle’s owner.
- Understanding how Turo works – Turo business model
Airbnb allows people to monetize their extra space and promote it to a targeted audience. It is a community marketplace for people to list, discover and book best accommodations around the world – online.
Research articles from our lab just for you on Airbnb:
- How does Airbnb work
- How does Airbnb make money
- How much does it cost to build an app like Airbnb?
- How to start your own online vacation rental site like Airbnb?
TaskRabbit is a peer-to-peer marketplace to hire people to do particular jobs and tasks. Taskers can bid on the tasks which are posted by people for a service. All the taskers are interviewed and have their background checked before going on the system.
Kickstarter | GoFundMe
Kickstarter is a peer-to-peer crowdfunding platform to bring creative projects to life. In Kickstarter, artists would go directly to their potential investors (backers) in order to get funding for their project.
Relevant reading for you on crowdfunding and Kickstarter in particular:
- How does Kickstarter work? Insights into Kickstarter business model
- How does GoFundMe work?
- How does crowdfunding work?
- Tips for equity crowdfunding business
Dogvacay | Rover
Dogvacay and Rover are the leading P2P sharing platform that are dominating the dog-sitting, dog walking, dog grooming market. If anyone needs a dog walker for the day or dog boarding for a month, there are dozens of apps like Dogvacay and Rover that will help them find the sitter who is the perfect match for the owner and the pet.
SoundCloud is the peer-to-peer sharing economy which lets people discover and enjoy the greatest selection of music. This is made possible by an open platform that directly connects creators and their fans across the globe. Do you want to start your own SoundCloud Clone? Here you have the best choice.
Although classified is an old business model, startups and established dominant players such as Craigstlist, Letgo, OLX are a must watch in 2020 as they continue to twist the traditional model to bring new flavor, life and new market demand to it. Letgo, for example, has a different business model wherein it lets users on its marketplace to buy and sell used items. Letgo makes money from advertising revenue, which is again quite similar to the orthodox classifieds business model.
From the high-level assessment of this market, you can conclude that the future is looking very bright for the P2P sector. Stay tuned in 2020 to have more updates on Peer-to-peer Sharing Economy from us.