Archive for March, 2008

A new eco friendly clothing company owned by members

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Nvohk is a brand new eco friendly clothing company for surfers. They have an innovative business model in that the company is owned by members. Anyone can join to be a member of this company. Benefits are almost like being a shareholder of a company except you have more say in the running of the company. What’s special is that 10% of net profits go directly to environmental charities!!

Some of the member benefits include–
-35% of net profits get distributed back to members as points that can be used to buy Nvohk products
-you get a Nvohk t-shirt, sticker, and “plant a tree” seed pack
-members receive business updates on a regular basis and get to participate in logo design, product design, advertising, and the sponsoring of athletes or musicians
-a discount of 25% at Nvohk.com

Novk will start operations as soon as 5,000 members join and it will be capped at 40,000 members. The annual membership fee is $50.

http://www.projectnvohk.com/

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