050: Saving the Planet While Studying for Exams with Mona Fang of Karma Trade
Listen now
Description
Mona Fang started selling clothes online for side income and quickly realized the detrimental environmental impacts of the fashion industry. So at age 17, she decided to create a solution to the consumption problem in "fast-fashion." While a freshman at university, she started Karma Trade, a circular fashion trading platform using digital currency.    Karma Trade uses a digital currency called "KARMA" to buy and sell secondhand clothing. Customers earn KARMA by donating clothes to the circular economy and can spend KARMA to get new clothes while only paying a small $USD swap fee. So far, Karma Trade has helped recirculate 20,000 items of clothing and reissue 200,000 Karma pieces.    Listen to Mollie and Mona discuss:  Building a supply chain, marketplace, and technology system from scratch Why Mona says studying aerospace engineering is a hobby Hosting events at her university to test the marketplace system Opening their thrift store called "The Karma Outpost" Expanding to other thrift stores to become "Outposts"  How the 7 Figure Copywriting course gave her confidence to explain Karma Trade The reasoning for using a digital currency over standard currency Accessing talent from her university  And much more startup and system advice...     Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode.   Wait, there's more… If you enjoy the Zero to Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.    For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine
More Episodes
Published 06/10/22
After a decade of grinding in the corporate world, Chavarne Wright finally hit burnout. So, she decided to combine her passion for animals with a dream of starting an ecommerce business. In less than 6 months, she launched Le Paws, a proud Australian eco-boutique pet brand. The brand’s...
Published 06/10/22
Three years ago, Tish Fletcher’s health plummeted. She took meds to deal with chronic pain but didn’t feel like she had control of her body. After trying CBD products, Tish was finally pain-free and living a healthy lifestyle. Immediately, Tish started making her own CBD products and selling them...
Published 06/03/22