March 8 is International Women’s Day, marked this year as a National Day Without Women.
I hope you’ll be wearing red, not shopping, or shopping only at woman-owned businesses, paying with CASH.
Speaking of women, here’s a little good news:
Soko makes jewelry, but the business model is brilliant. Surely it could be replicated for any product women can produce at home.
Here’s how it works: Soko does high speed production, but instead of using a factory, the jewelry is made by artisans working at home or in small workshops It’s done using an amazing technical platform on mobile phones.
When an order comes in, say for 2500 necklaces for Nordstrom, the artisans receive their assignments through their phones. Each artist makes only a manageable number of pieces, but the database of artists is large enough to produce the order in the same time a large factory could–two weeks.
The workers are paid through their phones and the average artisan makes enough to send all her kids to school, feed her family, and save.