Peer-to-peer in the fashion industry
Throughout the years, peer to peer service has risen practically in every field that one can imagine. The fast growth of peer to peer services is due to the benefits people have with the help of this service. We can also observe the peer to peer service in the fashion industry;Clothing startups continue the trend by co-creating directly with the crowd on Crowdholding. In this article, we are going to tell you that how it is done and how it has impacted the clothing business.
Peer to peer in the fashion industry or in the clothing business works in a way that you do not buy the dress for any occasion rather you can wear it by getting it on rent. Today, we can see that the dresses are very expensive and many dresses are just bought to wear for any single special occasion. In such circumstances, everyone does not wish to pay so much money to buy such an expensive dress. Now with peer to peer service in this industry, people can easily have their favorite dress on rent and after wearing it for any special occasion like wedding, party, Christmas, or any other.
Building peer to peer network in this industry really helps the people to have a diverse range of clothing that they can wear for any event. On the other hand, money is the biggest factor and renting the dress, fashion accessories, jewelry, or any item enables them to save a large amount of money.
We would also like to share the example with you so that you can also get to know which companies are offering peer to peer services and this will make your understanding about this service in a better way. French business visionary Fiona Disegni has started a new company Rentez-Vous that permits individuals to rent their garments, and make them shifted to other’s wardrobe, and meet similarly invested people. It is just like the Airbnb for the fashion industry.
Design absolutely has the foundation for it. Her paper at the Institut d'études politiques in Rennes was in communitarian utilization. Form and advertising temporary jobs then took after at Burberry, JWT, and Asos, before she devoted herself to Rentez-Vous full-time a year ago.
"I began with a little occasion in a level in Paris with companions," she clarifies. "We'd have occasions each month, then I moved to London and began occasions here consistently.
So far the idea has been occasions based – 40 to 50 people join, pay an entry fee and bring their garments to rent or have the simple purpose to meet and browse. The rental cost is set at 15% of the original retail cost for one week's contract, which midpoints at £20. Rentez-Vous takes a 20% charge from each contract. In any case, the genuine cash originates from creators. Four or five up and coming fashion designers hire a stall at each event which gives the direct access to the customers. Rentez-Vous takes a 30% expense and, if tenants choose they need to get it a short time later, a 20% charge again from the sale.
In this way, the peer to peer fashion industry works and people get benefit from it easily. Collaboration does not stop there, small fashion brands join Crowdholding and receive feedback and ideas for new collections directly from potential customers.
Please do not hesitate in contacting us if you have any questions or concern regarding this topic. Here at Crowdholding we will be very please to bring you any helpful additional information on this matter.
You may also be interested in:
CrowdholdingCrowdholding connects the crowd with entrepreneurs, allowing you to give feedback and ideas for a future share.
Crowdholding Partner’s with Aeternity Ventures to support Starfleet Acceleration Program
Crowdholding May Update
Top 5 reasons to get YUPs! (Get dividends for holding YUPs)
Crowdholding April Update
Implementing Crowdholding widget to your website
ITF excelled with Crowd Wisdom
TailoredInk ICO Community Management
IronX ICO Social Media Marketing
Aerum ICO Influencer Marketing
Jarvis built with the crowd
ySign engaged the blockchain crowd
6 Ways to Earn Crypto For Free
Common Mistakes When Investing in ICOs
Connectjob joins Crowdholding
Week in a Nutshell & Smart Contract
Opporty joins Crowdholding
Getting to Know our Users
SmartCash joins Crowdholding
Bitcoen.io joins Crowdholding
What is a Smart Contract?
How to Create an ICO - Part 3 - Marketing
How to Create an ICO - Part 2 - The Two "W's"
How to create an ICO - Part 1 - The building blocks
Invest Time, Not Money
What alternatives are there to financing your business?
What is an ICO? And should you invest?
Blockchain technology : changing the world of business silently
Crowdholding’s Pre-Sale — A Case Study
How to become a Crowdholding supporter: Part 3 exchanging ETH for YUPIES
China ban on ICO’s : Not all Doom and Gloom?
How to become a Crowdholding supporter: Part 2 Buy some Ether (ETH) on Coinbase
How to create a task on Crowdholding
How to become a Crowdholding supporter: Part 1 creating a Ethereum wallet on MyEtherWallet.com
How to create a project on Crowdholding
Cryptocurrencies and their value
What is Crowdholding?
What is a White Paper? And do you need one?
What can CEO’s / Entrepreneurs learn from athletes?
How to start my own business? Part 3. Validating Your Business Idea
Top 10 career mistakes to avoid
6 Benefits of a Sharing Economy
How to start my own business? Part 2. Factory for ideas
Startup Promotion and Content Marketing Strategy
How to start my own business? Part 1. Five simple rules
The Year Capitalism could have Changed
Robots & Work: Jack Ma Predicted The Emergence of Robot-CEO
Startup Psychology: Why Entrepreneurs will save the planet?
Billionaire's School: it's hard to be the first
10 interesting sport startups that will rule 2017
30 reasons to be an online entrepreneur
How to chose a dating site?
You should know this striking marketing trend
10 reasons to join Crowdholding if you are a student
How did 67,000 people create the first crowdsourced melody?
Launch a startup with a partner, never alone.
Collaboration solves education problems with flying colors!
Hollywood movie from your smartphone?
Design your room the way you want it!
Hi, You're Hired!
Hi, Your business is now a unicorn!
Don't want to change the world for the better? You can stop reading now.
Sharing Economy is not a niche, it's the future
📊 What if karma was 🆚 worth something? 🤜🤛
Raise capital, preserve equity
5 marketing strategies for successful contact with Millennials
Why 75% of new products are doomed to fail?
Small Business Staffing Opportunities
What are Crowd Currencies?
Mass Collaboration leads to unprecedented innovation
Alternative Finance: Equity vs Crowdshare Crowdfunding
Co-creation between the crowd and small businesses
THE RELATIONSHIP BETWEEN IT AND CO CREATION
Corruption on Wall Street: The Stolen American Dream
To own or to rent, trends in sharing economics
Crowdsourcing a girlfriend
CROWDSOURCING IN FASHION
CrowdSourcing Trends 2020
Peer-to-peer journalism: What and how?
Peer-to-peer in the fashion industry
The Peer-To-Peer Marketplace Revolution
The relationship between Co-creation and Innovation
CROWDFUNDING AND VIDEOGAMES
NON-EQUITY CROWDFUNDING CHANGING FASHION BUSINESS
Revenue-sharing vs Reward-based crowdfunding
Blockchain application in Media industry
Blockchain Technology & Crowdfunding
Creative marketing through Crowdsourced Content
JOBS OF THE FUTURE
Alternative finance for small businesses
WHY CO-CREATE? – A message to the Crowd
Think Tanks and Benefits
Empowering Global Citizens to Improve Education
THE EVIL WALL STREET
Co-creation in Tech
Co-creation and Innovation
WHY CO-CREATE? - Benefits for Small Businesses
Co-creation in the Fashion Industry
Crowdholding vs Wallstreet
Make a brand your brand
Reward Distribution Rules.
Please read below how the rewarding structure works.
Voters get 35% of the reward
Commenters still receive the majority of 65% of the reward weight, while voters 35%.
You receive only 7 upvotes and must vote what you think are the best answers
You now have a limited amount of upvotes. You won’t see the other user votes until the task expires. If you vote the top half comments you will receive a portion of the 35%.
Top 50% upvoted comments get bigger share
Our algorithm gives top 50% upvoted comments more rewards than the bottom 50% comments.
Give me an example with numbers
Upvoters get 35 % of the reward.
65 % goes to the commentors.
Half of the reward is gained from bottom 1/2.
Upvoters get nothing
1/2 of the reward pool for this segmentis distributed among top 1/2
There is a task with 1000 Reward.
Let’s assume Top 1/2 recevies 70% of all upvotes.
Bottom gets 30 %. But because half of the reward goes to Top 1/2 that makes the final numbers more like Top 1/2 gets 85% (55.25% for commentors, 29,75% for upvoters) and bottom gets 15 % of the final reward.
If there’s 100 upvotes:
1 upvote that upvotes a comment in Top is worth around 12 Yups (circa 8 goes to commentor, 4 goes to upvoter)
1 upvote that upvotes a comment in Bottom is worth 5 (All goes to commentor).
Reminder about our Moderation
If you upvote a comment that’s reported as Spam or comment that should not be rewarded (eg. “Good job” comments) you will lose your right to be rewarded for this task.
We hope you like this new system and it brings you lots of fruitful discussions and reward you fairly.
Do you still have questions? Read more detailed explanation at our helpdesk
All the best,
Your Crowdholding Team