Monday, April 20, 2009

The 3/50 project

What a wonderfully simple idea.

The main thrust behind the 3/50 project is that you pick your three favorite locally owned brick and mortar stores and spend $50 a month among them. Maybe that means heading off to YoYo Joe's to buy a birthday present instead of Target. Maybe that means getting your ice cream at Sweet Lucy's instead of the Dairy Queen. Maybe that means grabbing the latest CD at Rainbow Books & Music instead of downloading it from itunes. Maybe that means shopping for books at Ninth Street Book Shop instead of Borders. How about picking up your daily coffee at Brewhaha instead of Starbucks?

Why? According to Cinda Baxter, the mind behind the movement, if half the employed population did this, it would generate more than $42.6 billion in revenue.

Why should you care about local brick & mortars? She also says the for every $100 you spend at a locally owned independent store, $68 of that money stays local. For chain stores, that number drops to $43. For online stores, that number drops to $0 - so it's far better for everyone in the long run to keep your money local.

The project launched in mid-March and has taken off. I've gotten three e-mails about it from three entirely different sources - fellow toy retailers, a local record store and from a toy group.

Check out the 3/50 Project website and shop a local today.


Tizzy said...

I LOVE this, thanks for sharing it! Came to it through your Twitter and spread the word on mine and via Facebook.

Heather Adams said...

I love this. I own a children's boutique and we're also supporters.