As the Toronto Tool Library approaches its fifth year in operation, we are immensely proud to have loaned almost 60,000 items, saving our members millions of dollars by providing them with access to the tools they need without having to purchase them to own. One of our most popular tools – cordless nail gun (pictured below) – has been borrowed a remarkable 108 times. By sharing this single tool, which retails at $299.00, our members have saved over $32,000!
After Toronto whole-heartedly embraced the concept of borrowing tools, we decided it was time to push the envelope further – what other things could be shared within a community? We launched a crowdfunding campaign in 2015 and successfully raised over $30,000 to launch Canada’s first Library of Things – The Sharing Depot. Within a month we opened our doors to a combined Tool Library and Sharing Depot location at 1803 Danforth ave., which has since expanded to a second combined location at 830 St. Clair West.
The success of the Tool Library and Sharing Depot has made it clear that Toronto is a city ready to adopt alternative ways of accessing the things they need. What has been less clear, however, is how to operate these community sharing hubs sustainably.
We have struggled to find a pricing model that fits our operating costs while remaining accessible to our members. Increasingly, we heard from our members that a combined membership would simplify things and increase borrowing.
New Membership Options:
After long discussions with our team and our members, keeping in mind the budgets of our members and our organization, we are excited to announce a new pricing plan that reduces our types of memberships from 10 to 4 and combined memberships at just over half the price they were previously. We have also added a renewal feature for our High-Five Members, something that was long overdue (excuse the pun).
Here are the new prices in all their sharing glory:
What Happens for Current Members?
For Parkdale members, we are hoping to open a combined location in Parkdale at some point but in the meantime members choosing ‘Twice the Fun’ or ‘High Five’ can access our locations in Hillcrest or East York. Here is a short summary list of current membership types and the effect this new structure will have. Feel free to contact us if you have additional questions.
Current Casual Members: Your membership will remain the same, we have changed the name ‘Casual’ to ‘Basic’.
Current Frequent or High-Five Members: Your membership will be unchanged however can be upgraded to include the Sharing Depot or the Tool Library for $10 plus HST. Otherwise, once your membership expires, renewals will need to fit into one of the above four categories.
Combined Casual Sharing Depot and Tool Library: Your membership will be automatically upgraded to ‘Twice the Fun’, giving you longer loans (7 days) at no extra fee. Once your membership expires, renewals will need to fit into one of the above four categories.
Combined Frequent and High-Five Sharing Depot and Tool Library: Your membership will be automatically upgraded to ‘High-Five’, giving you a renewal option at no extra fee. Once your membership expires, renewals will need to fit into one of the above four categories.
Organizational Memberships: Once expired, these memberships cannot be renewed and organizations can choose one of the above options instead.
Renewal Offer for Current Members
[button link=”https://torontotoollibrary.com/special-renewal-offer/” type=”big” color=”orange” newwindow=”yes”] SEE RENEWAL OFFER[/button]