Radiate Market – Fordham Now https://now.fordham.edu The official news site for Fordham University. Tue, 27 Sep 2016 19:07:06 +0000 en-US hourly 1 https://now.fordham.edu/wp-content/uploads/2015/01/favicon.png Radiate Market – Fordham Now https://now.fordham.edu 32 32 232360065 Student-Run Business Helps Artisans in Developing World https://now.fordham.edu/fordham-magazine/student-run-business-helps-artisans-in-developing-world/ Tue, 27 Sep 2016 19:07:06 +0000 http://news.fordham.sitecare.pro/?p=56781 radiatemarket700As freshman roommates, Alyssa Rose and Kiera Maloney talked a lot about big topics: sustainability, ethical consumerism, the right way to do international development. They had ideals and wanted to act on them.

It wasn’t long before they were doing just that. The following summer, during a service trip to the Dominican Republic, Rose spoke with some local artisans who planted an idea: “They said, ‘You should take some of our stuff and go try to sell it to your friends. You should take more of this back to America with you,’” Rose said.

Thus was born Radiate Market, their web-based business that sells the artisans’ jewelry, art, and personal accessories to customers across the United States, providing the artisans with more consistent customers and sustainable incomes.

Running a business while carrying a full course load is hard work, but they love what they’re doing. “It has been an incredible learning experience and life experience so far,” said Maloney, who along with Rose is a Fordham College at Rose Hill senior.

They launched Radiate Market by using Indiegogo, the crowdfunding site, to raise funds for their initial wholesale orders of jewelry and other items. Rose and Maloney are majoring in anthropology and economics, respectively, but they picked up entrepreneurial skills with the help of the Fordham Foundry, a business incubator run by Fordham’s Gabelli School of Business in collaboration with the New York City Department of Small Business Services.

They worked with nongovernmental organizations to find out which artisans would be most receptive to working with them. They’ve both taken part in Fordham’s worldwide Global Outreach service program, and their approach was informed by its emphasis on cross-cultural understanding and solidarity.

They’ve found a ready market for the distinctive handcrafted items, which evoke the stories of artisans who invest time in making them and benefit greatly from the sale. All four of the wholesale orders they’ve placed within the past year have sold out.

The business reflects their belief in changing current consumption patterns to benefit the developing world—in this case, by helping the artisans find a wider market for their culturally distinct creations. Their Dominican partners include a fair trade cooperative that produces seed bead jewelry and splits the work and profits equally among the artists; a Haitian immigrant who produces metal art; and a mother of three who makes rugs out of rice sacks and recycled fabrics.

“If we’re able to give someone the feeling that they can be creative and work hard at something that they actually get satisfaction out of, and provide for their family, that’s the most satisfying thing,” Maloney said.

Shown below are some of Radiate Market’s goods: bracelets, a necklace, and a platter: 

rmgoods1 rmgoods2 rmgoods3

 

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In Side Business, Students Help Build Wealth in the Developing World https://now.fordham.edu/politics-and-society/in-side-business-students-help-build-wealth-in-the-developing-world/ Tue, 29 Mar 2016 16:00:00 +0000 http://news.fordham.sitecare.pro/?p=43739 Working remotely from the Rose Hill campus, Alyssa Rose and Kiera Maloney run a business that connects the products of Dominican artisans with buyers in the United States.When they were living together as freshmen, Alyssa Rose and Kiera Maloney never thought they’d end up running an international business while also attending classes full-time. They just knew they wanted to make a difference.

They’d both done service trips throughout high school, and in that first year at Fordham they talked a lot about sustainability and ethical consumerism. Then, during a summer service trip to the Dominican Republic, Rose spoke to local merchants who planted an idea: “They said, ‘You should take some of our stuff and go try to sell it to your friends.’”

Today they’re doing that and more, selling the merchants’ locally produced jewelry all over the country through Radiate Market, a web-based business that reflects their belief in changing current consumption patterns to benefit the developing world.

And they’re running the business in the midst of junior-year coursework, maintaining an inventory and handling all the bookkeeping and shipping themselves.

RadiateMarket300
Photo by Dana Maxson

“We spend a lot of time at the Fordham post office,” Rose said.

The two have sold dozens of items since launching the business in August, driven by a belief in helping developing-world artisans earn sustainable incomes in ways that preserve and celebrate their cultures. With startup funds raised through Indiegogo, the crowdfunding site, they’ve bought three wholesale orders of jewelry and have a fourth in the works.

They’re finding a ready market for the handcrafted items—bracelets, necklaces, Haitian metal art—that evoke the personal story of a merchant whose life was tangibly improved by the purchase.

“The ultimate goal would be to have people feeling fulfilled by the work that they’re doing,” Maloney said. “If we’re able to give someone the feeling that they can be creative and work hard at something that they actually get satisfaction out of, and provide for their family, that’s the most satisfying thing.”

Neither student is a business major; Maloney studies economics and Rose, anthropology. But they’ve picked up business savvy with help from the Fordham Foundry, which connected them with a business coach and a student who provided accounting help.

And their business approach was informed by their service trips with Global Outreach, Fordham’s cultural immersion and service program. Last summer they made an extended trip to the Dominican Republic to build connections and show their commitment; they also worked through a few nongovernmental organizations to find out which artisans would be most receptive.

“A huge part of our model is definitely being aware of what’s going on in the communities that we’re working with,” Maloney said. “We don’t just want to come in with a set structure and say, ‘This is going to work for you.’”

Maloney and Rose both love the feeling of providing opportunity to Dominican artisans, one of whom used the income to hire neighborhood boys to help fulfill the orders. The two students plan to return this summer to learn more about how the artisans’ communities have benefited from the business.

They might expand the business to artisans in Guatemala or even in the immigrant communities of New York City, and they hope to work at it full time after they graduate.

The company name comes from a conversation they had on the 4 train as freshmen, Rose said: “We were talking about people that radiate these qualities that we really admired, and we really enjoyed meeting people who we had felt lived in a way that radiated things that they love.”

Launching the business has changed their lives. “(Because) we’re doing this thing that we love, people want to share the thing that they love with us too,” Maloney said.

The Radiate Market project was the subject of a recent news video here.

 

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