What is the difference between a sharing economy, an on-demand economy and a marketplace business?

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Submitted by admin on Sat, 08/22/2020 - 23:11
  • Sharing Economy: Peer to peer based activity of sharing assets, products, services in an online-based community. It enhances the usability of underused assets and expands their lifetime in the sharing economy platforms and the best example would be Airbnb

    When you need to rent/borrow an item from your neighbor and money is involved, or service exchange or you always borrow stuff from each other, then you are in sharing the economy spectrum of circular economy ~ (if that makes any sense at all).
     
  • On Demand: A digital marketplace of providers and participants with a focus on expediency in transportation, delivery of product, or onsite service.

    When you don’t like to buy Vinyl/DVDs and replace those with streaming services that are On Demand. By the way when you are hungry and call your local Pizza shop for a delivery.
     
  • Marketplace —If you take the shopping mall metaphor, a marketplace is going to be a place where a provider meets a customer. The provider doesn’t have to own the shopping mall, neither does the customer. They simply need to show up and complete a transaction.


    On-demand economy


    Marketplace economy

 

 

 

Sharing Economy describes the movement whereby (most internet based) businesses are able to 'unlock' some kind of value that people posses, and make that value available for someone else. Often this involves 'cutting out middlemen' in the process. eBay you could argue was one of the first to do this by allowing consumers to add value (second hand items) and make that value available to others through an online auction (cutting out middle men like auction houses, newspapers with ads, and so on). Uber lets th

Sharing Economy describes the movement whereby (most internet based) businesses are able to 'unlock' some kind of value that people posses, and make that value available for someone else. Often this involves 'cutting out middlemen' in the process. eBay you could argue was one of the first to do this by allowing consumers to add value (second hand items) and make that value available to others through an online auction (cutting out middle men like auction houses, newspapers with ads, and so on). Uber lets th

Marketplace describes a businesses model with more than 2 sides (but normally 2). Typically marketplaces consist of one side providing a service and selling, and the other side wanting that service and buying. For example using the examples already used, eBay, Uber, and Quora are all marketplaces. Uber is a marketplace of drivers and consumers wanting rides, eBay is a marketplace of those selling items and those looking to buy, and Quora is a marketplace of those with knowledge, and those looking for knowle

Marketplace describes a businesses model with more than 2 sides (but normally 2). Typically marketplaces consist of one side providing a service and selling, and the other side wanting that service and buying. For example using the examples already used, eBay, Uber, and Quora are all marketplaces. Uber is a marketplace of drivers and consumers wanting rides, eBay is a marketplace of those selling items and those looking to buy, and Quora is a marketplace of those with knowledge, and those looking for knowle

On Demand simply means a service that lets a user of the service access value instantly (or nearly instantly). For example with uber, you can access the value of those who can drive a car instantly using the app (you press a few buttons and a taxi arrives), rather than having to wait.

On Demand simply means a service that lets a user of the service access value instantly (or nearly instantly). For example with uber, you can access the value of those who can drive a car instantly using the app (you press a few buttons and a taxi arrives), rather than having to wait.