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May 16, 2011

diyFractional – Learn to Share

With the exception of a few beloved tech gadgets like mobile phones and laptops, there are very few big-ticket purchases that people actually use 24/7. From tools and toys all the way to vacation homes and yachts, the most expensive things people buy are frequently the things they use least often. For items that fall into that category, a website called diyFractional thinks it has a solution.

Learn to share. That’s the idea behind diyFractional, a web-app that aims to help its users share the cost and the burden of just about anything they own. Join the online community, create a user profile, and you can instantly begin browsing through diyFractional’s inventory of sharing opportunities. Scroll through listings and read about opportunities to share vacation homes, airplanes, boats, and motor vehicles. When you find an opportunity that looks intriguing, click on the title to learn more about the potential costs and partnership deals. You can post a comment underneath the listing or reply directly to the listing’s creator for more information on what a potential partnership might entail. Create your own sharing opportunities by clicking “New Opportunity” and inputting all the necessary information. Interested users will respond to your listing – hopefully with the wish to share your items.

One of the many helpful features that diyFractional offers is its comprehensive Q&A section, where users can post questions and receive follow up responses from fellow community members right away. For people who are hesitant to post their own sharing opportunities before finding out more about how the process really works, this section is a user-friendly way to test out the waters and get to know fellow members of the diyFractional community.

Practical Uses:

  • Offer fractional membership shares for your new yacht
  • Find a new roommate for your condo on the beach
  • Look for someone who’s willing to share in the cost of a new DSLR camera
  • Let other people use your mountain bike while you’re out of town

Insider Tips:

  • Users can “follow” opportunities that peak their interest
  • People posting new opportunities can include photos if they wish
  • diyFractional assigns users “tasks” that they must complete to use the site
  • Companies that offer fractional ownership deals can get a branded version of diyFractional’s management tools

What we liked:

  • The diyFractional community is very friendly and eager to answer any questions
  • People can save money by letting others use their expensive gadgets and toys
  • diyFractional is an excellent place to look for people willing to share an apartment
  • Borrowing infrequently-used items like lawnmowers and snow blowers is cheaper than purchasing this equipment

What we didn’t like:

  • The supply of opportunities on diyFractional is very limited, especially for people living in smaller cities

Alternatives:

Company Info:

  • Launched: November 2010
  • Privately Held
  • Headquarters: New York, New York
  • Founded by: Paul Citarella
  • Web site: http://diyFractional.com

Costs:

  • Free

Rating:

  • 4 out of 5 (great)

 

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