What Is Yours Is Mine
I am a Millennial, and, according to the media, I should not own a car, instead, I should lease it. Oops, my bad, this the Baby Boomer Tribune. I told my Mom a thousand times that she should never mess up with my phone. Pardon me. Oh right, there it is. According to the media, people like me no longer own a car, we Uber.
Mr. Toastmasters, fellow Toastmasters, and honored guest.
The Era of “Sharing Economy” has arrived and will stay for good! No matter whether you like it or not, it is time for us to get to know about it.
Sharing Economy is used specifically for a peer-to-peer business model which allows individuals to rent or borrow underused assets owned by someone else in the form of service.
Let’s start with an example. Your youngest kid is admitted to a college in San Francisco. When he tells you the news, you think, yeah, I am going to rent out his room so I don’t have to worry about the car payment anymore. Then he says: “I know you will miss me a lot, so I will definitely come home on summer and winter and maybe some weekends too.” “Oh, great,” you say to him, and deep inside, you painfully kiss your landlord dream goodbye.
Not really, your other option is to access to a website called AirBNB.com, list your son’s room for $60 per night, black out the winter and summer break, and tell your son that he should let you know two weeks in advanced whenever he plans to come home so you can black out those days as well.
The day after, you get a booking request from a couple from San Francisco and the message says: “Hello, we are looking for a clean and quiet room for 2 nights while we visit our sister in Orange County and we your room seems to be a perfect match.” You spend a moment to read their profile. They are mid age, they travel a lot, and, most important, they get a lot of good words from the owners of where they stayed. It does not look like they will be able to do any harm to your family or your son’s room, so you accept the booking and make your first $120 as a Sharing Economy landlord.
Be it your car, your house, or the drill sitting idly in your toolbox—as long as you are willing to make it accessible—there is a sharing platform for you to put it up and earn an income. In the other hand, if you are in needs of such assets, you can easily get access to one, normally, with a cheaper price than you can get from a company provides a similar service.
There are two main reasons that drive the surge of the Sharing Economy, the technologies of the Internet and the Minimalism Lifestyle Movement amongst the Millennials.
Human have been sharing resources since pre-history, but most of the time we shared it with someone we know. The Internet allows us to reach a wider circle, people we do not know but are relatively predictable from the reviews of a large amount of people with whom they used to share the resources.
Bernard Marr, a best-selling author on business, technology and big data, points out that in the last century, owning things was the “trophies” of the middle class. But as manufacturing became less expensive, owning plenty of things is no longer a good indicator of their relative wealth. As millennials enter adulthood and the middle class, the new trend is to own less stuff and focus on experience. The advent of the digital and sharing economies have made this much easier.
Of course, not everyone is happy about the Share Economy. Taxi drivers and hotel chains lose a lot of business to their Share Economy Competitors; The union keep arguing about how the service providers should be treated; And the governments demand a share of the money circulating in this Economy.
But as long as resources are utilized more efficiently and the stuffs are available at a cheaper price, the Sharing Economy will stay for good. Mr. Toastmasters.
The 5th project in my Toastmasters Advanced Communication Manual – Speaking To Inform