Reusing products help to reduce consumer costs and the amount of waste going to disposal. Reuse can have financial and environmental benefits, either of which can be the main motivation for it. Examples include the rethreading of tires and the use of plastic delivery trays in place of cardboard cartons.
Have you ever rented a movie, stayed in a hotel room or belong to a fitness club? If so, then you’ve paid not for a product, but rather a service or benefit: enjoying a film, getting a good night’s sleep, or a great set of biceps. All of these businesses fall into the category of the "product service system," and while these examples are really common, many other companies are recognizing the potential that exist for "renting" products rather than selling them outright.
Product service systems (PSS for short) can not only make businesses a lot of money; they can also force them to adopt greener business practices. If you own a video store, constantly having to replace DVDs isn’t in your financial interest: you get paid for a customer’s use of that product, so it’s to your benefit to make those discs last as long as possible.
The PSS makes reuse and recycling not just nice ideas for the environment; rather, they become critical to a company’s financial success. If you love the idea of reducing, reusing, and recycling, then consider the following options:
- Baby clothing rental. A company in Germany called Lutte Leihen offers a monthly baby clothing rental service to parents in Hamburg, as an alternative to buying items that are quickly outgrown. For about $30/month, parents receive a shipment of neutral, 100% organic cotton clothing in the requested size. They keep the clothes until they've been outgrown, then return them for a shipment in the next size.
- Handbags and Jewelry rental. Bag, Borrow or Steal have devised a one of a kind idea in purse rental. You can either sign up and rent a bag for as long as you want. And when you decide you need a change, send the bag back and choose a new one.
- Rent solar power. SunEdison has brought this concept to solar power: rather than buying solar panels, commercial clients can enter intro a contract with the company and just buy the electricity produced at a set rate. SunEdison owns and maintains the equipment
- Renting Enabler. irent2u.com, a website in testing mode, will aim to create a single “Online Rental Marketplace” where anyone can rent anything from y. anyone. You will be able to search for items in your area to borrow, how other people have rated the lender, and the rental prices.
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