The Rise and Fall of Collaborative Consumption Christina Glover The Three Systems of Collaborative Consumption The Four Principles of Collaborative Consumption The Drivers of Collaborative Consumption Quotes Statistics Summary Video October 20, 2011 Christina Glover 2 (def). - Is used to describe an economic model based on sharing, swapping, bartering, trading, or renting access to products as opposed to ownership. -Wikipedia October 20, 2011 Christina Glover 3 1. Product Service Systems 2. Redistribution Markets 3. Collaborative Lifestyles October 20, 2011 Christina Glover 4 DVD’s Cars Books Homes October 20, 2011 Christina Glover 5 Mass Market Places Free/Gift Exchanges Used Electronics Swap Sites for Books Swap Sites for Clothing Swap Sites for Media Neighborhood Marketplaces October 20, 2011 Christina Glover 6 Co-working Spaces/Finders Social Lending /Social Currencies Peer-To-Peer Travel Taxi Sharing Bartering Gardens Skill Sharing October 20, 2011 Christina Glover 7 Critical Mass Idling Capacity Belief In “The Commons” Trust Between Strangers October 20, 2011 Christina Glover 8 Sociological Choice Social Proof October 20, 2011 Christina Glover 9 “This is what the internet was made for, an instant platform sharing excess capacity among many people.” -Robin Chase, founder of Zipcar http://www.collaborativeconsumption.com/insider-blog/archives/infographic_the_collaborative_home.php October 20, 2011 Christina Glover 10 Most robust “Commons” in history; The Internet. “Creative Commons” – Solution for failed sharing. Personal Digital Experience = Expanding Social Value “We need to give to get.” October 20, 2011 Christina Glover 11 Self-Managed Peer-Policed Systems Example: Airbnb, eBay, London Liftshare Peer-Policed Platforms Removal of Top-Down Mechanisms October 20, 2011 Christina Glover 12 P2P Technologies Resurgence of Community Cost Conscious Environmental Concerns October 20, 2011 Christina Glover 13 Great Pacific Garbage Patch Hoarders Increase in personal storage facilities October 20, 2011 Christina Glover 14 October 20, 2011 Christina Glover 15 Bike Sharing – fastest growing form of transportation Zilok – leader in P2P rental market, increasing at a growth rate of 25% a year since founded October 2007. thredUP – Kids clothing exchange, more than 12,000 items exchanged within first 8 days of launching. Couch Surfing – global website, most visited “hospitality service” on the internet. Netflix - $444.5 million revenue in 2010; Up 24% Zipcar - $186.1 million revenue in 2010; Up 41.8% http://vimeo.com/28935954 October 20, 2011 Christina Glover 16 October 20, 2011 Christina Glover 17