Product is only valuable when there is a market. If there is no market, there is no value to product. This means a couple of things. First, product does not have its intrinsic value. Instead it derives its value from being put to use by customers. If there is no customer to use it, product does not have any value. This leads to the second observation, that is, product must be shared and used to realize its value. A brilliant product locked inside someone's safe deposit box has no value. It only realizes its value when people put it to use.
That is the core idea of shared economy. In order to create greater value, you must share value that you create. By feeding the market with your idea and product, market will return value to everyone far greater than what you originally created.
Social network works the similar ways. People participate and spend their energy to create content for people to see. These content get shared among many members through connected social network. More it gets shared, overall value generated by content increases just as much. It inspires people, engages with people, plants idea in people in a way that original content creator did not even imagine at the beginning. Social network is a perfect example of sharing-based economy.
That is the core idea of shared economy. In order to create greater value, you must share value that you create. By feeding the market with your idea and product, market will return value to everyone far greater than what you originally created.
Social network works the similar ways. People participate and spend their energy to create content for people to see. These content get shared among many members through connected social network. More it gets shared, overall value generated by content increases just as much. It inspires people, engages with people, plants idea in people in a way that original content creator did not even imagine at the beginning. Social network is a perfect example of sharing-based economy.
