'Funspree' is a new start-up in Toronto that gives people the chance to order everything they need to create lasting memories with one of its four experience packages. The packages include all of the essentials for group laser tag, glamping, a backyard movie night or paddleboarding, as wanting to go out and buy all of the necessary pieces of equipment for each of these activities can be overwhelming if one is starting with nothing.
Once a customer has reserved their choice of experience, Funspree staff will drop off the package, which can be picked up four or 11 days later. In this way, Funspree helps consumers take advantage of shared ownership and collaborative consumption in an eco-friendly format.
On-Demand Experiential Services
'Funspree' in Toronto Delivers Experiences Rather Than Things
Trend Themes
1. On-demand Experience Economy - Businesses can offer more on-demand experiential services, creating new revenue streams and disrupting traditional product-based business models.
2. Shared Ownership and Collaborative Consumption - Incorporating shared ownership and collaborative consumption models can reduce waste and provide customers with a more eco-friendly option, while also cutting costs for businesses.
3. Package-based Experiences - Developing more package-based experiences, similar to Funspree's offerings, can simplify the planning process for customers and provide a unique selling point for businesses.
Industry Implications
1. Event Planning and Coordination - Businesses in the event planning and coordination industry can adopt the on-demand experiential service model, expanding their offerings beyond traditional event planning and exploring new niche markets.
2. Eco-friendly Retail - Retailers can incorporate shared ownership and collaborative consumption models and reduce packaging waste, making their businesses more eco-friendly and appealing to environmentally-conscious consumers.
3. Recreation and Leisure - Recreation and leisure businesses can offer package-based experiences that provide all necessary equipment and simplify the planning process for customers, streamlining operations and cutting costs.