Learn How to Turn Time into Money

Bliive

Log on to Bliive: A Collaborative Network of Time Exchange

By: Claudia Repsold

Time is money, but no money can return your time. However you can turn your time and skills in a virtual currency called “Time Money”, to do that you just need to log on to the website Bliive, the world’s largest collaborative network of time exchange.

Bliive looks like a social media platform. However, its members instead of trading “likes”, they can trade services, such as surf lessons, air conditioner repairs or reiki session without using real cash or credit card. For each hour of service provided, the user receives Time Money, with which they can buy services offered by other members.

Bliive

The website have 100,000 members scattered over 100 countries and offers 90,000 services, making it larger than other barter-based sites like Swapaskill.com, BabySitter Exchange and ChoreSwap.

Bliive takes the concept of the sharing economy, popularized by Uber and Airbnb, a step further by creating a new channel between the supply and demand of services that takes away conventional cash transaction altogether.

Making Money With Other People’s Free Time

Bliive

The website does not sells advertising and the membership is free. Its revenue come from partnerships with companies, schools and universities that pay for access into an exclusive and customized service known as “Bliive Groups.” The company is also testing a new product called Bliive Hotposts, in which it will recommend to its member, cafes and pubs as safe places to get to know each other and exchange skills.

The startup was founded in 2013 by the Brazilian entrepreneur Lorrana Scarpioni, 26. She had the idea of creating a bank of virtual time after watching the Money Fix, a documentary series on alternative economies and online collaboration. She began the project by herself and after 6 months the marketing director, Murilo Mafra, 25, and the UX designer, Zeh Henrique Fernandes, became partners and later came the lawyer Roberto Pompeo, 46.bliive founders

“We use the member’s talents and values to create a world that is more collaborative and less competitive – more focused on the value of people, not just the value of money,” she says.

Scarpioni’s dedication to the collaborative economy has already granted her international recognition. The MIT Technology Review called her one of Brazil’s top innovators under the age of 35. She is also a Global Agenda Council in Creative Economy and is a Global Shaper from World Economic Forum.

Two years ago, Scarpioni was selected among 160 aspiring entrepreneurs from over 30 countries to participate in the Sirius Programme; a pioneering initiative of the UK Trade & Investment considered one of the best businesses accelerators in the world.As a result, she is getting mentoring, a seed investment of $75,000 and the visa endorsement to live and work in the UK, where she opened a Bliive’s office.

Lorrana Scarpioni Bliive

Also in 2014, the startup secured a deal with Brazilian private investors Mariana and Karina Boner from The Top Coaching & Consulting, an independent private equity investment firm focused on social enterprises.

“Sometimes, the way we make decisions – our drivers all revolve around money. We tell people that money is not the only way to live new experiences, develop services or develop themselves. I am proud to tell people that all this is possible through collaboration. Everybody has a talent and something to give”, she says.

Time is more valuable than money. You always can make more money, but you cannot make more time. Regardless of how much money you have in your bank account, in the collaborative economy if you have time to spare, you can experience new things and meet more people. Like the Bliive’s motto says: “The world has 1 trillion idle hours per year and it could be used to do amazing things”.

Claudia Repsold

Claudia Repsold is the Editor-in-Chief of Brazil & USA Biz. She is a Brazilian international award-   winning journalist with twenty years of experience in editing, research, coordination, production and reporting news on Brazil and U.S.

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