Reuse marketplace to redistribute goods to charities/small businesses/individuals | Ep. #75

<p>Today we talk about <a href="https://globechain.com/" target="_blank">GlobeChain</a>. They are a circular economy focussed online marketplace, to be specific, their &nbsp;start-up is based on the premise that one person’s poison is another person’s meat. Their marketplace finds takers for unwanted items that would otherwise go to landfill. The company helps big businesses to improve their green credentials and reduce their waste, giving unwanted items to cash-strapped charities and small businesses.</p> <p>Founder <a href="https://globechain.com/about-us" target="_blank">May Al-Karooni </a>developed <a href="https://globechain.com/" target="_blank">GlobeChain</a> after the investment bank she worked for moved offices, dumping perfectly good fixtures and furnishings to refit everything from desks to carpet tiles.</p> <p>So what does their business model look like? Businesses with unwanted items – everything from restaurant tables to shop display units – upload a photo and description. Would-be takers contact the seller, to say what they will do with that item – reuse, recycle or repurpose. Whoever makes the best case takes home the goods, and all for the price of the transport.</p> <p>Okay, that sounds pretty cool, but how do they monetize their work?</p> <p>Globechain charges donors of goods to make a listing. It ranges from 10-500 pounds per annum. For eg. If a business wants to make an ad-hoc listing then that would cost them 10 pounds with an option to list 5 items. If the business wants to take a yearly subscription, then that would cost them 500 pounds with an option for 250 listings per annum. <a href="https://globechain.com/about-us" target="_blank">May-Al-Karooni</a> says that it's a fee they would otherwise spend on incineration costs, or to hire a man-and-van and pay a landfill tax to take away those items. It’s a fee per shop, per restaurant or per construction site. It’s not set by weight.</p> <p>The taker pays for transport. Having to make that commitment makes the takers stick to their end of the