Added: Jan 31, 2022
Last edited: Jan 31, 2022
Many stores would like to transition their business model from selling to renting. However, such a transition can be challenging, especially because successful renting in bigger scale often depends on a user friendly rental platform (digital technology). Sharefox has therefore carefully developed a platform and renting system that they sell to businesses (B2B) – with the goal to make it easier for stores (that sell products of any kind) to enable renting. In other words, they use digital technology to provide a fully developed, tailored service for other businesses to be able to provide their customers with a service>owning platform. Sharefox's technology platform is used in a number of industries - everything from sports, tourism, machines, tools, store networks, self-service car rentals and subscription solutions. The Sharefox collaboration with the store Jernia is a wonderful example of B2B collaboration in digitalizing renting.
Access>ownership is an essential business model in the CE transition. Although many stores express their interest in transitioning to such a business model, renting also requires a thorough overview of inventory, customers, payments, a calendar system, and more. A digital solution is often the best way to go. However, not all businesses have the know-how or time to develop such a system.
The startup Sharefox offers e-commerce solutions for rental-based services. They sell and customize their digital system different industries – from large machinery, to retail. Sharebox offers a rental system for digital order, payment, calendar that shows availability, sale of accessories, or marketing with activity guides for customers and blog features.
The company has set up over 80 different rental concepts in Norway, and in addition to Jernia, they have customers such as DNT, Felleskjøpet and Anton Sport. Sharefox's technology platform is used in a number of industries - everything from sports, tourism, machines, tools, store networks, self-service car rentals and subscription solutions. Their collaboration with Jernia is one of the more famous ones, and has allowed the store to rent out tools to their customers, instead of selling them. Initially, the service was tested in selected pilot stores in Oslo. But now, Jernia offers a nationwide offer in 130 of their stores (all using the Sharebox digital system).
A group of students at the norwegian university NMBU has made a LCA of the Jernia x Sharebox tool rental solution, and have found that the largest emissions that emerge are related to the production of the tools. These consist of a large proportion of plastic and steel, which are materials that give large emissions in the production phase. The rental platform is hence a success, as it reduces the production of new products and focuses on refurbishing and repair.
So, how did the Sharebox founders optimize the needs of the customer? When they started in 2016, they conducted over a hundred personal interviews outside stores and shopping centers. The question they asked were: What does it take to rent a product instead of buying it? The answers they received formed the basis for how the digital customer journey was designed.
Stretch the lifetime
Rethink the business model
Team up to create joint value
Incorporate digital technology
Maximise lifetime of products in-use
Service business models
Data and insights
Digital platforms
Product maintenance, repair
Leasing, rental, pay per use
Subscription-based services
Cross-industry projects, pilots
Data analytics, modelling
Internet enabled, connected operations
Online platforms
Peer-to-peer online marketplaces
Ecological Impact
Social Impact
Economic Impact
Increase Awareness
Cost Savings
Revenue Potential
Innovation