Our current shared economy works on a fairly monetary-based model. It primarily depends upon the transaction of money, funds, and other forms of capital. All these transactions are propagated by growing networks all around the world.
With growing interest regarding this movement, more individuals are raisings questions and concerns regarding the various other contributing factors that need to be considered in this regard. For instance, taking the example of Airbnb, financial specialists are bound to beg the question of whether or not they should maintain relations with potential IPO organizations. Also, we are left wondering whether this kind of trade should be practiced on an open market platform such as the likes of Expedia.
Although a shared economy has a certain advantage when it comes to establishing a solid format, other territories cannot be held equivalent.
The cab company, Uber, has completely changed the transit game for the everyday consumer. Similarly, making a booking through Airbnb can offer similar advantages and perhaps even more. With organizations such as Airbnb making use of their individuality and upgraded all provided services to a premium standard, expanding the business should be easy enough. Another way to practice this is to involve your prospective audiences through online surveys etc. to understand what they want and expect from you.
It is common knowledge that certain resources in a shared economy can deplete or deteriorate over time. However, it can be prevented depending on the source we are considering. For instance, real estate and vehicle investments are long term and tend to grow over time. Airbnb can also benefit from similar investments.
Staying One Step Ahead
To make optimal use of resources and workforce, it is vital that you understand the importance of new-age upgrades. These include innovative ideas and measures that you can take to make your Airbnb more resource-efficient and reduce dependence on factors that are not reliable.
Pacing Your Accomplishments
An Airbnb offers much more room for growth and development in the long run. Of course, the system follows a convectional flow of resources, and investment is just as important as reaping in profits. This is true of any business, Uber itself being a prime example. As Aaron David Scott claims that, “This is winding up progressively evident, which means more intrigue is being brought to Airbnb as the positive organization instead of Uber.”
Consequences Accompany Sharing
While Uber offers certain features such as ride-sharing that seemingly makes room for more profitable business, certain drawbacks can hamper the company profits in the long term. On the other side of the spectrum, Airbnb already has a system in place. With over 150 million clients accompanied by some 6 million or so online posting, Airbnb has clients investing cyclically, which allows the company to make good progress in a short amount of time.
In future years, the company is expected to reach exponential levels of growth if it continues at the current rate. There is a fair amount of debate surrounding concepts such as ride-sharing. While these aren’t all bad, the alternatives provided by Airbnb are expected to give a new perspective on shared economies.
In recent times, Airbnb has been in the headlines fairly often owing to some big marketing ventures. With Airbnb reportedly giving out rentals worth hundreds and thousands of pounds, the news came as a shock is it contrasts starkly from the shared economy template typically followed by the company. Airbnb itself claims that “The majority of property hosts in Barcelona are normal people. 76% only have one home listing. Only 4% have more than ten listings.”
Airbnb’s communications director, Andreu Castellano said that “While the vast majority of hosts are regular locals, more than 80% of accommodation licenses are held by big hotels and real estate agents. Everyone should benefit from visitors to Barcelona – not just hotels.”
Regardless, the arena of Airbnb does offer some great opportunities for the entrepreneurs of tomorrow, especially those planning to delve in the field of real estate and property. Aaron David Scott himself states that property booking via Airbnb isn’t going anywhere for the time being.