Beating The January Blues

First of all a belated Happy New Year! We all start the year thinking what will it hold for us and what joys the first month of the year will bring. We were no different here at RentMyItems!

2013 ended very positively. Named by Management Today as one of the “5 Top Share Economy Startups” and with only a few days of the year left we welcomed a CTO to the team. We are now looking to redevelop our website over the next few months to enhance our user experience and add some exciting new features.

And so on to this year and what has been a very busy couple of weeks. Not only do we have an array of new items listed on the site from a static caravan in Norfolk to a ball gown in London and a variety of carpet cleaners in Harrow, we have had further press coverage and visited Downing Street.

We were featured in an Evening Standard article (that also appeared in The Independent i) entitled “Make money from your buying mistakes” and highlighted the growth of the online rental revolution. Then, on Friday 17th, we were invited by the Cabinet Office to No.10 Downing Street to take part in an event to celebrate the success of the Sharing Economy in the UK, publicise the scale of its ambition and look forward to a wider strategy that sees the UK at the forefront of a fundamental change in how we produce, consume and deliver. It formed part of a wider initiative of the Government’s new “Challenger Business” programme to identify and lower barriers for disruptive businesses. Many of our peers were in attendance including a number of our Savvy Earner partners. It was a great event of workshops and discussions with civil servants in attendance who will now put together a paper that will be presented to the Cabinet in order for them to action what was discussed by us all. George Osborne, Lord Young and Ed Vaizey were all in attendance and so we hope to see some positive steps made by Government in support of the Sharing Economy. All finished off with a spot of lunch in No.11. A good day had by all we think!

Management Today names “Top 5 Sharing Economy Startups”

Savvy Earner partners RentmyItems, Parkatmyhouse and Storenextdoor were among the companies named by Management Today as being in the “Top Five Share Economy Startups”

The latest research backs up the surge in popularity in ‘sharing’. According to Zipcar:

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If all of Britain were to take up the sharing habit with gusto – it could mean a national saving of £12.4bn.

‘The ‘Pay-As-You-Live’ report highlights the growing importance of the shared hire model, as an increasingly popular – and important – part of the economy,’ said Mark Walker, general manager, Zipcar UK.

Read the full article at: http://www.managementtoday.co.uk/news/1222005/

Who shares? Savvy Earner partners featured in Marketing Week

Rosie Bennett from Storenextdoor and Alex Stephany from Parkatmyhouse were interviewed for this insightful article from Marketing Week about the growth of the ‘sharing economy’ in the UK.

Here are some interesting statistics from the article sourced by market research firm GfK:

Share values

13%
Percentage of the UK online population that has used a website to hire items or services from other people

£168
The average annual spend of those who hire goods from other people

30%
Percentage of people who are somewhat or very likely to rent out their goods online in the future

92%
Percentage of people who hire out their goods who believe it is cost-effective

77%
Percentage of people who hire out their goods who believe it is socially responsible

Read the full article at Marketing Week:

http://www.marketingweek.co.uk/trends/thanks-for-sharing/4008347.article

Autumn Is Here!

With a grey sky outside and much gusting the trees are looking weary and troubled – and leaves are falling off in a steady torrent reminding all with gardens that now is the time to get lawns mown, leaves collected and composted, borders and shrubs cut bank, and branches trimmed – in fact the perfect time to rent garden equipment from your neighbour or someone in your community with an allotment and therefore equipment to hire to others.

To much woody greenery and, unless you have garden waste collection like some forward thinking Councils, little place to put it.  So why not rent a shredder and compost instead?  This one is available in Sudbury so if you are in the area and your garden is crying out for some TLC, visit the site and hire it from Rentor Jason – he’s also got a large capacity roof box though we can’t guarantee it will fit the shredder inside!

RentMyItems.com is all about making money, saving money, and being green. Certainly by becoming a Rentee and renting an item such as a shredder from the site you will be helping someone in your local comunity make a little bit of extra cash (and it is very likely they will spend that locally also), you will be saving money by not having to go out and buy the shredder yourself, and you will be being green, in this instance not only by using someone else’s shredder and therefore saving on the materials and energy used to make a new one, but you will also be making your own compost – what could be greener?

So whether it’s a lawnmover in Readinga leaf blower/vac in Perth, or a hedge trimmer in Fordingbridge visit RentMyItems.com and have a trawl around the site.  And if you have little used garden equipment of you own, or you have tidied your garden for the winter months and all is sitting in a shed, become a Rentor and make a little money instead of that little-used item just gathering dust.

Can I really earn money by renting out my spare room?

Yes you can, and much of it will be tax free to boot!

Thousands of homeowners, and plenty of tenants too are finding it’s easy to make extra cash by renting out a spare room (tenants should get the landlord’s permission first). How else can you make hundreds of pounds a month without doing any work?

The taxman, in his generosity, allows you to earn up to £4250 a year from renting out a spare room in a home you live in, absolutely tax free. You don’t even need to do a self-assessment form. Find out more about the Rent a Room scheme.

If you don’t know anyone who needs a room to rent, you can find someone lovely through SpareRoom, the UK’s no. 1 site for flatsharing. SpareRoom makes it easy, guiding you through the process, and giving you tips, like on how to interview potential flatmates. You can even advertise completely free.

Watch the video to discover how SpareRoom works.

What’s all this about Collaborative Consumption?

Named by TIME as one of the “10 Ideas That Will Change the World”, collaborative consumption describes the shift in consumer values from ownership to access. Together, entire communities and cities around the world are using network technologies to do more with less by renting, lending, swapping, bartering, gifting and sharing products on a scale never before possible.

Are you interested in finding out more about peer to peer rental? Find out more at collaborativeconsumption.com

Or check out this video from Nesta:

How does peer to peer rental work for the storage industry?

If you have spare space and would like to turn it into extra income – we are here to help! Storenextdoor introduces people who need storage to people that have space to spare, and all of our peer to peer rental contracts are covered by Aviva insurance.  As our video demonstrates it’s a really easy process and all communication, contracts and payments are done via the website. In fact the whole thing only takes around five minutes and if that means you earn an extra £20+ a week from home (£1040+ a year) that’s not a bad rate of return in our book!

But don’t just take our word for it, go and check out how much your space is worth with our earnings estimator as it could be an even more £££ per minute’s worth of listing time!

Rosie Bennett, Community Director at Storenextdoor