Money-minded

Throughout the last week, I focused my thinking and research on ways One Thread will be able to make constant income.

As I will be going to college next year, I am undergoing the current stage of building One Thread into a company that can be managed without me present. This is going to be extremely difficult as it is only my second year undergoing One Thread operations. With thinking about how to make the business sustainable, I thought about people who needed to be hired as well as a workspace that needs to be rented for a place to house and create One Thread products. With the need for employees and a physical office space, the need for money in order to purchase such assets became an obvious issue.

Therefore, I thought another major source of consistent revenue could be selling donated clothes online, beginning though a popular resale application like ThreadUp or Poshmark then move to selling through the One Thread website or One Thread’s own application. This way, the clothes still able to be worn does not need to be cut up, restricting the materials used for quilts to fabrics lightly stained, holed, or outdated. In addition, this feeds to One Thread’s mission of sustainability even further. As for an event idea, I was thinking about having 30 or more art students paint canvas bags and sell them at a silent auction. The event would include their art, a One Thread booth to sell merchandise, food, drinks, and music. Hosted at a school, I could get other clubs involved to take part in One Thread’s canvas bag silent auction rather than pay for the event elements with One Thread’s revenue. Likewise, the auction feeds into One Thread’s mission of sustainability by promoting the use of canvas bags over plastic although this event idea is only temporary.

I hope that I can keep my research up and keep brainstorming new ways to bring consistent cash flow to One Thread. I will be calling fabric stores and clothing resale shops near me to see how they deal with unsellable fabrics, and maybe that will spark some more ideas!