It seems that the idea of sharing a household item that you do not need that often, say a power drill, a power washer or a ladder with your neighbor is something that everyone intuitively understands and want’s, but unlike sucesses like Uber and Airbnb, businesses based on this type of sharing has a hard time taking off. In an article on Fastcompany.com, writer Sarah Kessler provides an interesting analysis . One key reason is probably the fierce competition on the web by vendors of equipment and the hazzle to physically retrieve the gear : “For a drill, which by the way now costs $30, and you can get it on Amazon Now …, is it really worth your time to trek potentially 25 minutes to go get something that you spent $15 to use for the day, and then have to trek back? For most people on the sharing platforms, the answer was no.
Time is obviously money also for the private person.