Urgh, not another marketing term…
This one’s a good one. Trust us.
A circular business model is like a loop where resources are used, reused, and recycled instead of being thrown away after just one use.
We see this in everyday life. For example, when you purchase something for your new hobby. Let’s say a yoga mat.
You swore yoga would be your new hobby, and heck, maybe it was.
But let’s say it didn’t quite stick (we’ve all been there), or on the other hand, it becomes your new passion, and you want a new, more advanced one.
Instead of throwing yours away, you give it to somebody who will get a good us out of it. Better yet, the new one you now have has been passed down by somebody who is more advanced and also wants a new one.
In a circular business model, companies aim to minimise waste by designing products that can be easily repaired, reused, or recycled.
They try to keep resources in use for as long as possible and minimise the amount of new resources they need to use. The goal is to reduce environmental impact and create a more sustainable way of doing business.
Not only are Natural Nuance’s bags and purses absolutely beautiful, but they also are huge advocates for circular design.
They want their customers to appreciate the love and craftsmanship of their pieces every single time they reach for their bags.
But what makes them circular?
That means once you have worn, loved and are ready to pass your bag on, the bag will have a gorgeous new life with somebody else.
Now we all know how impossible it is to find the perfect pair of jeans.
And when you do, you want them to last forever.
Well, Blue of a Kind makes it a heck of a lot easier.
Why? Because they offer free repairs… for life.
Rather than constantly pushing more, more, more, they work with what already exists.
Here’s how:
We couldn’t write this article without including one of our own clients.
PROTSAAH create the most beautiful artisanal jewellery, crafted to empower men and women all over the world.
But most importantly, they ensure that no piece goes unloved. Whether broken, bent or tarnished, it still deserves a new life, and PROTSAAH will help you do that.
Their pieces really do last a lifetime.
Here’s how they do it:
We encourage you to look at your model and consider how to incorporate a more circular approach.
Here are just a few of the steps you could take to kick off your journey:
It’s all about learning how to encourage your customers to think less about what they want and to look more at what they already have.