This document provides an overview of the sharing economy, which allows people to monetize skills, goods, and spaces through platforms like Uber, Lyft, Airbnb, Kickstarter, and TaskRabbit. It describes how these services work, including how Uber calculates fares, how Airbnb home rentals are often cheaper than hotels, and how crowdfunding sites allow people to fund new product ideas. However, it notes that the sharing economy comes with some caveats regarding privacy, safety, and lack of guarantees.

1. THE SHARING
ECONOMY
Presented By Milford Public Library

2. What Is It (other than
disruptive)?
 People selling their skills or their stuff directly
to other people as needed
 A lift to a different location
 A room/home for the evening (or more)
 Crowdfunding an innovative new product idea
 Facilitated by mobile technology
 No middle man is necessary
 Can be cashless
 Communication is nearly instantaneous
 Agile / Dynamic

3. Uber / Lyft
 Like taxis
 Simply people going your way
 They make some extra cash, you go where you need
to

4. Uber Fares
 Four Classes
 UberX (basic)
 base fare $0, cost per min .15, cost per mi .90, booking fee
$1 minimum fare $4.65 (based on L.A.)
 UberXL (SUV/minivan)
 UberSelect (luxury car)
 UberBlack (black w/black leather - limo)
 Fare Calculation
 Base Fare + (Cost per minute * time in ride) + (Cost per
mile * ride distance) + Booking Fee = Your Fare
 Minimum fares may apply
 Fares vary be location

5. Uber Drivers
 Disrupting the industry from taxi’s to rental
cars… http://www.forbes.com/sites/andrewbender/2015/10/17/uber-lyft-have-surpassed-taxis-now-
spell-trouble-for-the-rental-car-business/#3f1226325cdf

6. Airbnb
 Like bed & breakfasts
 People opening their homes to strangers, offering
a temporary place to stay
 They make some extra cash & you get a place to
sleep
 Experiences
 hosts and locals can offer different tours, & events
 Most of the experiences cost under $200

7. Airbnb Rates
 On average, Airbnb apartment rentals are
21.2% less expensive than hotel rooms, and a
private room in an apartment is on average
49.5% cheaper. (http://priceonomics.com/hotels/)

8. Crowdfunding
 Have a great idea for a product but need seed
money?
 Kickstarter
 Indegogo

9. Task Rabbit
 Chores
 Housekeeping
 Handyman jobs
 Errands
 Pack/unpack
 Build furniture, grills, etc…
 And more!

10. Selling
 Like The Bargain News
 eBay
 Craigslist

11. Caveats
 Privacy
 Safety
 Few guarantees