Womans Clothing: It’s Called The Sharing Economy And This Seemingly Altruistic Shift Is Big Business
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They wore them to their jobs -some of which just happened to include positions at companies like Apple, HP, Google, Cisco, Yahoo and Wells Fargo, since I gave away shirts to my friends. Their coworkers and bosses will eventually ask what Single Grain was, that led to another 30 of my 500K returns. Amidst the privileges of Gwynnie Bee is the online community that has formed among members. While styling tips, reviews, and more, using Gwynnie Bee’s website, Instagram page, and even creating their own fan pages on Facebook, members share photos. Other drivers include. Accordingly a renewed belief in the importance of community is amid the drivers of the sharing economy, or collaborative consumption, that Rachel Botsman, ‘coauthor’ of the book, What’s Mine Is Yours.
Rise of Collaborative Consumption, discussed in her 2010 TED Talk.
With companies like Gwynnie Bee providing for those that traditional markets have forgotten, the sharing economy’s effect on society will be invaluable.
Productsservice systems like libraries and laundromats been around for years, as Botsman pointed out in her TED Talk. Already the sharing economy has had a large fiscal impact with expectations of it greatly multiplying in the next decade. Utilization of data and technology has maximized the possibilities of what can be shared and how it can be shared. Certainly, though the sharing economy has come to life in the new millennium, that’s not just a young person’s game. Therefore the reach of the sharing economy has extended beyond the generation of ’20 and’ 30 year olds, as Wired ‘editor at large’ Jason Tanz ld CBS News. CEO Christine Hunsicker is no stranger to the startup world. COO and president of Right Media, an online advertising startup that sold to Yahoo for $ 850 million, and after that became the COO of Drop.io, an online file sharing service that was purchased by Facebook. So, companies that adhere to the sharing economy’s business model of access over ownership have the potential to increase global revenues from roughly $ 15 billion day to about $ 335 billion by 2025, as PricewaterhouseCoopers predicts in its 2015 report.
Founded in 2011, Gwynnie Bee offers customers So there’re a couple of subscription plans available.
The most popular subscription plan allows members to rent three items at a time for $ 79 a month.
Similar to Netflix’s DVD plan, members can keep the items for as long as they need, ship them back for free, and hereupon get another item that was in their queue. As an adult, you can share almost everything with strangers, as a child, you were ld not to speak to strangers. It’s called the sharing economy and this seemingly altruistic shift is big business. Following that success, Hunsicker decided to create her own business and cover the fashion world. Rent the Runway, known for renting high end luxury dresses and accessories, plans to offer a subscription rental service for everyday clothes look for.
