Sharing Economy, We-Commerce And The Future Of Business

Billee Howard’s book, WE-Commerce: How to Create, Collaborate and Succeed in the Sharing Economy, highlights a world in which culture and commerce collide in ways that are considered unprecedented and an economy driven by entrepreneurialism and creativity. Howard talks about how the sharing economy ushered a variety of micro-economies that enable people to come together and experience luxuries they’ve never experienced before. She makes the argument that millennials, and Gen Z behind them, aren’t interested in owning possessions, but in sharing, borrowing, and using technology to come together and help make the world a better place.

 

Note – This Interview was originally published at > http://www.c-suitetv.com/video/best-seller-tv-billee-howard-commerce/

Collaborative Economy

Collaborative Economy Paves The Way To New Era of Collaborative Purpose

The sharing or collaborative economy is growing daily around the world and quickly morphing into a recognized driver of purpose as much as democratized access and convenience.

As the eras of purposeful business and sharing collide, the impact has been massive and far-reaching. By combining the core tenets of profiting with purpose with the new notions of trust and borrowing vs. ownership the collaborative economy is based upon, the global business landscape is experiencing a groundswell shift as powerful as the one felt in the days of the Industrial Revolution.

As this movement continues to evolve, we are seeing the new economy positively impact all walks of society including: innovation, economic development, equity, safety and implementation. Examples of this are rampant as both cities and emerging market regions around the world seek to harness the awesome mettle of this new economic engine to drive meaningful growth, development, transformation and collective purpose.

This is a refreshing twist as for far too long the power of collaborative consumption and its groundbreaking innovation has been relegated largely to the topics of ride and home sharing. The far greater opportunity to view the sharing economy as a massive economic shift that is positively altering the way we live work and play and impacting areas as far ranging as urbanization and sustainability, has unfortunately been mostly overlooked.

Over the last two years or so positive examples of collaborative purpose have been slowly emerging. In the United States, Etsy’s Craft Entrepreneurship programs in New York City, Chicago, Dallas, Newark and Santa Cruz give new life to public-private collaboration and allow first-hand exposure to new business models. In Latin America and the Caribbean, the Bloomberg Mayor’s Challenge is proposing to apply sharing economy principles in different ways to help imbue new energy and innovation into the region. In Asia, Seoul’s Society 3.0has supported dozens of resident-led sharing initiative with public funding and other resources, with the primary goal of boosting community connectedness trust and purposeful collaboration.

As recently as this month, the models of collaborative purpose have only become more striking and powerful. For example, the sharing economy is gradually coming to more and more aspects of African life, including home cleaning and ridesharing. Now, Ghanaian startup Swiftly is taking it into the shipping space.

sharing economy

Launched earlier this year, Swiftly matches people with goods to ship with spare space in containers, whether being sent by sea, air or land. Chief executive officer (CEO) Edem Dotse told Disrupt Africa this month that the service has benefits in terms of both the cost of shipping goods and protecting the environment.

“It is just wasteful when someone has to ship a half full container by sea, or a half full package by air, or hire a delivery truck or van without fully utilizing the space,” Dotse said.

The opportunity for purposeful collaboration in Africa, the world’s fastest growing economy is massive.  The elements highlighted by local providers – access to more work opportunities in struggling employment markets, and a pre-existing culture of sharing assets – may contribute to the fact that on-demand services have encountered limited opposition in Africa to date and will likely continue to flourish without abatement. This is a trend likely to continue in similar emerging markets around the world.

Another great recent example of purposeful sharing is UK based start up OLIO.  OLIO connects neighbors with each other and local shops so that food can be shared instead of thrown away. They are trying to reduce food waste which is a huge problem in the UK and globally (50% of the  £10 billion of good food wasted in the UK/year comes from the home). They currently have over 55,000 users, and have been used over 200,000 times to share surplus food.

In our emerging world of placing the “we” over the “me,” the collaborative purpose movement in business is just another example of the awesome power of We-Commerce and proof of the longevity and transformative power of our new economy. OLIO’s mission statement perhaps describes what our new world is about best: “Small collective actions can lead to big change.”

Billee Howard is Founder + Chief Engagement Officer of Brandthropologie, a cutting edge communications collective specializing in helping organizations and individuals to produce innovative, creative and passionate dialogues with target communities, consumers and employees, while blazing a trail toward new models of artful, responsible, and sustainable business success. Billee is a veteran communications executive in brand development, trend forecasting, strategic media relations, and C-suite executive positioning. She has a book dedicated to the study of the sharing economy called WeCommerce released in December 2015 as well as a blog entitled the #HouseofWe dedicated to curating the trends driving our economy forward. She is also a regular contributor to Forbes on the topics of marketing, storytelling and the collaborative economy.

Note: This article first appeared on Billee’s Huffingtonpost page.

sharing economy trends

2016 Sharing Economy Trends: The Experts Weigh In

 The sharing economy has exploded over the last year with big businesses like Hyatt and GM getting into the game, and pioneers of the movement like Uber and Airbnb achieving valuations in the billions.

What’s even more interesting is the idea that sharing is not just driving commerce but also culture. We see this everywhere from the co-creation of products by companies and consumers, to the new platform driven ecosystems that are driving tomorrow’s innovation, like GE’s Industrial Internet model Predix.

It seems fair consequently to say that we have undeniably entered an age of collaborative consumption and We-Commerce, once which is not a trend or fad, but rather vital economic engine powering our future.

Following is a compendium of thoughts from top collaborative economy experts on what to expect in the weeks and months ahead.

1 – Billee Howard: @MashupTweet

http://brandthropologie.com/

The sharing economy will continue to explode but will move away from the notion of “altruism” to profiting for the many and not the few. We will see a continued push towards sharing business ecosystems that embrace the we instead of the me and provide value and benefit to the communities they operate in as a whole.

This idea of businesses benefiting themselves, the consumers they serve, and local people seeking freelance employment, will become more evident and an obvious sign of the permanence of our new Uber X economy.

The sharing economy will also continue to identify new untapped pockets of opportunity that can benefit from sharing and also potentially serve a greater or “social” purpose. Nimber which seeks to facilitate the ability to transport and deliver cargo of all shapes and sizes based on currently available “unused” space is a great example of this trend. It is also offers great insight into the type of offerings we will see a maturing sharing economy crank out in the weeks and months ahead.

2 – Jeremiah Owyang: @jowyang

http://crowdcompanies.com/

Funding by VCs will continue to increase, but the rate will slow compared to 2015’s glut of money. Startups need to fill their war chest for global adoption, acquisition and to influence regulatory bodies. Last year, in 2015, funding was a whopping $14B, up from $8B in 2014. This means that the one percenters will continue to take ownership stakes in the popular global sharing tech platforms. In 5-10 years, they’ll need their money returned, forcing monetization of the platform, people, and products shared.

With this said, we’ll start to see a shakeout of these platforms that are unable to contend with the highly funded players. Additionally, these highly funded tech startups are spreading into other sectors and domains: Airbnb will move into home automation, and Uber and Lyft are gearing up for self-driving fleets, further displacing workers, and I’d expect on-demand home delivery services to experiment with drones. Or course, this means “gig workers” and freelancers are further displaced by powerful tech platforms, and robots who can do the job better, faster, cheaper –without threat of worker’s comp lawsuits.

3 – Rob van de Star: @RobvandeStar @Croqqer

http://www.croqqer.com

The Sharing Economy is becoming mainstream, though the majority of the users are still the highly educated people – the top of the social pyramid. Governments and city councils regulate this sector more and more with a positive mindset, as has happened in a.o. France, UK, Amsterdam and is planned for in Italy allowing a growing under utilized workforce of micro-entrepreneurs to enter the Sharing Economy. This alongside and as part of a steadily growing debate on providing people a ‘basic income’. Sharing Economy companies will be linked and measured to their Social Impact as a Benefit Corporation. This ‘social enterprise’ entity is now also legalized as a BCorp outside the US in Italy and quickly spreading in Europe.

Airbnb will segment its policies in ‘buy-for-rent’ and ‘micro-entrepreneur’ homeowners. Uber shareholders will start to understand that their nowadays business on the long term will be taken over by providers of self-driven cars. Facebook and Google wil enter the Sharing Economy arena. APIs to link content of sharing platforms to other (incumbent) platforms will grow creating a demand for standardization and ‘mobile-first’ will be the way to go to develop a sales and contact channel. Tech platforms continue to learn that building a brand is not the same as developing a platform.

4 – Benita Matofska: @benitamatofska

http://www.thepeoplewhoshare.com

The emergence of the Real Sharing Economy — a system built around the sharing of resources with social purpose at the heart: this year we will see more mission driven companies, social enterprises develop apps / products and services that serve people and planet. These companies will develop new types of organisations where power and value are shared, where people and planet benefit. Charity involvement – we’ll also see growing charity engagement in the Sharing Economy – where large, established charities and nonprofits as well as smaller ones, develop Sharing Economy products and services. We’ll also see more applications of the SE in the developing world and used during crises.

Discovery and Mainstreaming — the SE isn’t mainstream yet, but this year will see an opening up of the SE with many millions more people discovering and engaging in it. Initiatives like Global Sharing Week via thepeoplewhoshare.com which runs from June 5th-11th reached over 100 million people around the world last year and this year expects to reach over 150 million.Corporate Engagement & Business of Sharing — the SE is becoming the most significant business trend, changing the way companies operate. 2016 will see more large companies engaging in the SE and more data demonstrating the economic value and significant profits generated by doing so. Businesses will also recognise the social and environmental value of SE approaches.

5 – John Chang: @iamjohnchang

Bimpies.com

Let’s be clear, there are differences in what sharing and on-demand vs. gig economy is about. I believe in an Sharing Economy such as Uber, and Airbnb as it truly trumps the norm and disrupts the major industries. It can be said, it gives consumers more power to choose. Sharing is such things as sharing a car, or home, or renting out certain properties. That’s what truly sharing is. The On-Demand Economy is a separate animal and this is where I do most of my research.

The on-demand economy, Uber for “X” models entrepreneurs is hot right now, but we will see a cooling off period later this year, as venture capitalists will invest more in platform based models. Companies like thumbtack with its characteristics will do better by far than say, Wag, Numi, Pikkup, etc. Very niche particular services in theory and concept is great. Consumer behavior isn’t picking up the model. These companies have / will burn through their capital and much harder to get series A round, if that. We will see companies like door dash, and food delivery suffer as well. It’s very simple, the on-demand economy can only work with people as workers. Workers according to JPMorgan Chase Co., on the on demand economy shows that workers only supplement up to $500 in lost income. This means they are not moving up to middle class they are staying where they are and not making significant or notable lifestyle changes.

John chang sharing economy

Recruiting workers will continue to be challenge for companies, and they will have to burn through a lot of “signup”. OnDemand/Sharing Economy will disrupt Linkedin, Yelp. See my article here: http://ondemandeco.com/demo/3-major-businesses-that-needs-to-catchup-to-on-demand-economy (think of the aging population and the millenials who don’t even touch Linkedin. it’s a paradigm shift from industrial age thinking to the new age. These young folks can’t stand corporate jobs.

Conclusion: in 20 years we won’t have a sharing economy let alone on-demand economy if entrepreneurs continue to find niche models purely for business/profit basis. We have to come up with solutions that advance humanity for this space to grow.

6 – Alex Stephany: @alexmstephany

www.alexstephany.com

I just returned from a trip to the most beautiful rat-infested mess in the world, New York City. I was there to meet a bunch of interesting startups but one of the most interesting insights came from an Uber driver. He had recently joined a new ridesharing platform: Juno. Juno’s USP is simply that it will treat its drivers well. Founded by ex-Viber founder, Talmon Marco, it promises to charge less than half the commission of Uber and to reserve 50% of the company stock for the drivers. My Uber driver was being paid $50 a week to keep the Juno app open until its official launch and told me all his driver friends are signing up. Uber should not underestimate the fickleness of its drivers. Almost all will jump ship the moment they can earn an easier dollar elsewhere. The vast majority of sharing economy marketplaces live and die by the quality and quantity of their supply. 2016 will be the year that the supply side of these marketplaces flexes its muscles, gets more organized, and wins more concessions than ever before. Many of these concessions relate to the classification of workers as contractors rather than employees. Currently, independent contractors do not get a minimum wage, health insurance benefits, workers’ compensation or any unemployment benefits.

alex sharing economy

No question – sharing economy workers enjoy a flexibility that is unknown to regular employees. However, concessions to these workers will arrive across the sharing economy this year as a result of class actions and negotiations with the platforms. Last year Shyp agreed to make its delivery workers employees. Then this January, while confirming that its drivers remain independent contractors, Lyft agreed to roll out benefits such as greater protection from deactivation by Lyft and the right to arbitration. A class action of Uber drivers is also pushing for employee rights from Uber and goes to court in June.
Some of the improved conditions for these workers will come top-down from legislators who will begin to take action to protect this class of worker. Indeed, there’ll be a growing school of thought that a third class of worker is required: a contractor who is tied overwhelmingly to one company and deserves a limited form of the protections that full-time employees enjoy. And what of the US election this November that may set the regulatory agenda in the sharing economy for the rest of the world? With a Republican in the White House, many of the low-wage illegal immigrants may be deported, forcing up scarcity of low-skilled labour and thus their leverage. And with a Democrat, new labour rights and unionisation may ensue – Hillary Clinton has already been outspoken about the vulnerability of many sharing economy workers. We live in interesting times.

7 – Esther Martos: @esther_prague

The sharing economy is becoming a real alternative to traditional systems. In this time in which more than ever societies need to rethink their way of consuming, collaborative markets bring an interesting way of exchange and the reuse of existing things. In this 2016 I augur and important progressive change based on new technologies and online features that will facilitate the use of p2p platforms. For instance, Facebook is constantly adding new settings to allow users to buy and sell things, exchange knowledge etc. From a social network to an online market place.

In addition, in the following years we will see a much more connected sharing economy. That means a huge open network in which known web pages as LinkedIn, tweeter, Facebook will engage in certain way p2p platforms performing an important part on it. As we can see nowadays it is common to log in via Facebook, find the nearest shared car via Google Maps or pay via Bitcoin. That will be increased along the next years.

Also, the fact the social networks, journals, events, conferences, articles and many other resources are spreading the voice is becoming an important booster.

I am just worried about legitimization and legal concerns, governments and traditional markets are placing many barriers in order to slow down the sharing economy. Many persons see this new economy as the way to dodge taxes, something that in my opinion, gives it a not so good reputation. I see the sharing economy as the result of innovation without permission. (something that I personally find very interesting) I hope that in this year, governments, organizations and professionals will come together aiming to legitimize the good practices of the Sharing Economy, (the planet will appreciate it)

8 – Andrew Carlone: @LiveCoralLife

https://www.coral.life/

On-demand apps are a compliment to peer-to-peer platforms. While living in Airbnb’s for 100 days straight, Lyft, Instacart, and WeWork allowed us to explore new cities each month while being productive.

There is a small but growing community of digital nomads who live and work all over the world. The quality of life is higher and monthly expenses are lower. Companies like Automattic ($1.16B) has 250 full-time across 35 countries, and 190 cities and 1 in 5 Americans work from home.

As more Millennials join the workforce, the convergence of on-demand apps and peer-to-peer platforms will make location independence more accessible. Regulation will take shape after a few major cities lay down model legislation. On-demand apps and the Sharing Economy are here to stay.

Billee Howard is Founder + Chief Engagement Officer of Brandthropologie, a cutting edge communications consulting firm specializing in helping organizations and individuals to produce innovative, creative and passionate dialogues with target communities, consumers and employees, while blazing a trail toward new models of artful, responsible, and sustainable business success. Billee is a veteran communications executive in brand development, trend forecasting, strategic media relations, and C-suite executive positioning. She has a book dedicated to the study of the sharing economy called WeCommerce released in December 2015 as well as a blog entitled the #HouseofWe dedicated to curating the trends driving our economy forward. You can read more about “WE-Commerce: How to Create, Collaborate, and Succeed in the Sharing Economy” right here!

Platform Driven Companies Prove We-Conomy Impact

This month’s Harvard Business Review focuses on the rise of businesses of all sizes using platforms instead of mere products to drive company growth.

As the debate continues over the real “sharing” behind the sharing economy, the new platform strategy boom may provide real insight into the undeniable impact that collaborative economy businesses are having on the broader global economic landscape.

As major companies like GE and Microsoft work to transform and grow in size and scale by switching to platform business models instead of product centric or pipeline driven ones, the impact of the WE-Conomy becomes evident.

Platform businesses that bring together producers and consumers as Uber and Airbnb do are capturing increased market share and transforming how competitive edge is achieved. Yesterday it was through product differentiation. Today it is through scale and impact.

With the iOT Predix GE platform for instance, the same ecosystem concept built around the marriage of technology and knowledge or service sharing that drives many collaborative economy models can be seen.

As GE works to go back to its industrial roots, it is using their new Predix platform to shape and define the future of the Industrial Internet. The platform, which falls under GE Digital, is being built to sit at the “intersection of people, machines, big data and analytics.” This new area of GE, recently launched as part of the company’s massive transformation, is expected to bring the company $6 billion alone in 2016.

Microsoft is also using a platform instead of product approach in its huge redesign of its Outlook email program by bringing together outside partners like PayPal, Uber, Evernote and Yelp! to create not just a winning email product, but winning email ecosystem.

According to HBR “With a platform model, the critical asset is the community and resources of its members. The focus of strategy shifts from controlling resources to orchestrating them, from optimizing internal resources, to facilitating external interactions and from increasing customer value to optimizing ecosystem value.

Doesn’t all this new innovation sound a lot like the collaborative economy? Creating ecosystems built off of technology platforms to unite people around shared ideas and the accomplishment of specific goals?

There is no doubt that sharing economy pioneers like Uber are responsible for the new platform driven thinking that is sweeping the “traditional” business landscape.

With new models of success being predicated on a company’s ability to create platform driven models, the massive impact of the collaborative economy becomes more and more visceral. Companies ranging from John Deere to Nike are quickly scrambling to get in the game.

As the Harvard Business Review describes it “A platform model provides the rules and infrastructure for a marketplace that brings together producers and consumers. The players in the ecosystem fill four major roles (producers, consumers, providers and owners) but may shift rapidly from one role to another.”

It seems clear that future success is going to be driven by those wise enough to harness the power of collaboration to build winning ecosystems that drive innovation, disruption and industry leadership.

sharing economy

After all, wasn’t a switch to a platform model by Apple in its second chapter which took it from computer maker to world’s leading lifestyle technology company? While hard to recall, before Steve Jobs made the shift in 2007, Apple had less than 4% of the desktop market and zero percent in mobile phones. It was only when he built his ecosystem model based off of simply connecting app providers and app users that the company’s path to world domination began.

While the comparisons between huge platform companies like GE and Microsoft and smaller collaborative economy players like TaskRabbit and Postmates may possess a few disparities, the undeniable fact is that an age of doing it for the we instead of the singular me is most definitely at the heart of the future of business.

Welcome to a world where it will be collaborative driven platforms not mere products that determine victory. Hail the new age of We-Commerce.

Billee Howard is Founder + Chief Engagement Officer of Brandthropologie, a cutting edge communications consulting firm specializing in helping organizations and individuals to produce innovative, creative and passionate dialogues with target communities, consumers and employees, while blazing a trail toward new models of artful, responsible, and sustainable business success. Billee is a veteran communications executive in brand development, trend forecasting, strategic media relations, and C-suite executive positioning. She has a book dedicated to the study of the sharing economy called WeCommerce released in December 2015 as well as a blog entitled the #HouseofWe dedicated to curating the trends driving our economy forward. You can read more about “WE-Commerce: How to Create, Collaborate, and Succeed in the Sharing Economy” right here!

sharing economy

We-Commerce Pushes Past Just Uber & Airbnb

The sharing economy, or model of peer to peer borrowing and lending, shows no sign of abating anytime soon and in fact continues to demonstrate its mettle as not only economic engine but bedrock of the future of society.

No longer can skeptics and the ill informed just point to Airbnb and Uber to describe the collaborative groundswell shaking up our world as disruptions continue to shake out across industry and region. With companies like Didi Chuxing (China) and Ola (India), valued now at over $1 billion the sharing economy is clearly a powerful economic force and global reality.

Among the latest phenomena is the Library of all Things model. Within this school of thought, the sharing economy will include “Tools, rides, homes sports and camping equipment, board games, and children’s toys, in the same way libraries free you from the burden of owning your own books,” says Lawrence Alvarez, co-founder of The Toronto Tool Library.

Alvarez, who is crowdfunding to launch The Sharing Depot, Canada’s first Library of Things which will offer all the above and more, strongly believes the sharing economy is set to become completely embedded in society.

And he is not alone as noted here in past blogs in the form of global research from various think tanks and leading consulting firms on the topic, in my book We-Commerce, and in the spate of traditional economy announcements in the space just this year alone. (I.e. GM $500 million in Lyft, Ford new leasing models and autonomous car push)

As the world continues to palpably shift from the me to the we, it will become rapidly apparent that the collaborative economy is no longer just about cheap and innovative rides and lodging, but rather a harbinger of the type of globally and digitally connected world we can all look forward to ahead.

Billee Howard is Founder + Chief Engagement Officer of Brandthropologie, a cutting edge communications consulting firm specializing in helping organizations and individuals to produce innovative, creative and passionate dialogues with target communities, consumers and employees, while blazing a trail toward new models of artful, responsible, and sustainable business success. Billee is a veteran communications executive in brand development, trend forecasting, strategic media relations, and C-suite executive positioning. She has a book dedicated to the study of the sharing economy called WeCommerce released in December 2015 as well as a blog entitled the #HouseofWe dedicated to curating the trends driving our economy forward. You can read more about “WE-Commerce: How to Create, Collaborate, and Succeed in the Sharing Economy” right here!