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Attention Malaysian:Traditional Business Is Dying,Sharing Economy Is Rising

Attention Malaysian: Traditional Business Is Dying, Sharing Economy Is Rising.

The traditional business model is DEAD.

If you want to beat the rest of your competitors ,your business model need to change.

The SHARING era is here .

You cannot be giam siap (selfish) anymore.You cannot keep information ,clients ,employees to yourself anymore,if you want to grow big.Information is around the web .With a few clicks ,we can nearly get any information that we want . With money , we can get even more.So, if your mind set is still the traditional DO EVERYTHING and KEEP EVERYTHING TO YOURSELF, you better get a 9-5 job.

According to linkedin , “The industry’s global revenues will hit US$ 335 billion by 2025 and it must be said that today almost all money is coming from the top seven sharing economy companies that had a combined market capitalization of US$ 113.5 billions in 2015. ”

Taxi , library , wifi , airports

Something are better shared . Look around you in Malaysia, the taxi , library , wifi , airports ,online selling and buying platform,everything is SHARED with each other . Want more example?

the best business model sharing business model

What do these 3 big brands have in common?They share!

Airbnb have a great  platform for others to share out their unoccupied room, facebook have their platform for others to share and social , Uber  encourage entrepreneur to share their cars with others and at the same time earn money!

So, if your business is not adopting in some sort of sharing elements  , you might be in big trouble soon.

Lets look at more example of successful business that use this type of business model.

zip car business model

photo from taps
  1. Zipcar – Zipcar is an American car-sharing company and a subsidiary of Avis Budget Group.

How does zip car works?

According to ridesharingdriver.com :

– Zipcar is a monthly subscription service that allows you to rent Zipcars

-Zipcars are parked in designated parking spots all over many major towns, especially on college campuses

-You can rent a Zipcar anywhere from one hour to seven days

-You reserve a Zipcar in advance and use a special Zipcard credit card to get inside the car

-You can drive your Zipcar 180 miles each day without incurring extra charges

-Your trip must be a round trip. You must return your Zipcar to the location you got it from

-Gas and insurance are included at no extra charge

– Zipcar is available in the US, France, Canada, the UK, Spain, and Austria

couch surfing sharing business model 1

2. CouchSurfing – Is a place that connects travelers with locals.And enables members to share hospitality.According to forbes “CouchSurfing.org, a non-profit website that connects global travelers with locals, has opted to accept $7.6 million in funding from Benchmark Capital and Omidyar Network.”

How does Couch Surfing works?

couch surfing sharing business model

As simple as 1 ,2 ,3 to get started!

I have prepared a list of others successful business that used sharing concept. Go here to explore and get inspired.You might be able to get some great idea and start your own billion dollars business!

READ THE LIST HERE

If you are interested in learning more about the sharing economy, i would recommend you this book called The Mesh by Lisa Gansky.

Click here to download The mesh

Lisa Gansky, author of “The Mesh,” talks about a future of business that’s about sharing all kinds of stuff, either via smart and tech-enabled rental or, more boldly, peer-to-peer. Examples across industries — from music to cars — show how close we are to this meshy future.

 

Are you a gym/fitness entrepreneur?

Come in and share your comment about the fitness trends that Malaysia is moving forward.

 

 

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