This Business News Story Was Uncovered By Us From: https://www.springwise.com/us-startup-helps-people-earn-cash-by-renting-out-their-stuff/
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Spotted: Usually when your house gets cluttered, you stuff things in closets, or give them away or toss them out. US startup Omni is offering another alternative. Think of that guitar in the corner of your bedroom you never play but aren’t ready to discard. Omni staff will pick it up, photograph it and store it. Or better still — if you want to make some cash — it will list it as a rental on its website.
Omni operates as a digital marketplace, but one that is at present only available for use by customers in Portland, Oregon and the San Francisco Bay Area. The idea is to help people live lighter and consume less.
Fees for the service depend on the items being stored and rented. The four-year-old startup raised $35.3 million from investors, as of 2018, including $25 million from Ripple, the fintech startup.
Takeaway: Omni could change the way people think about ownership, and potentially disrupt how we consume products. Omni’s success so far is a sign that the sharing economy movement is gaining traction. While Airbnb and Uber remain the biggest names in the movement, more traditional companies are also adopting the mindset. An estimated 86.5 million US consumers will be using sharing economy services by 2021, according to Statista. The sharing economy is predicted to generate $335 billion in global revenues by 2025. Springwise has already reported on several startups targeting this growing market, such as automated short-term rentals and designer furniture rentals.
Website: www.beomni.com
Contact: hello@beomni.com
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