Tag: handicraft
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What is the significance of Web3 technology in the handicraft sector?
Introduction Web3 technology emerges as a beacon of transformative possibilities within the handicraft sector, breaking free from the long-standing tether to traditional marketplaces facilitated by Web2 technology. Beneath the surface of creativity lies a complex ecosystem grappling with challenges that stifle the growth and sustainability of artisans. Centralized control, exorbitant fees, and transaction opacity have…
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Sell on an Online Marketplace or Personal Website? The Artisan’s Dilemma
Introduction Marketplace vs Personal Website – this remains a dilemma faced by countless artisans seeking to adopt the transformative power of bringing unique handmade products to a global audience. My countless interactions with talented artisans have unveiled the complexities surrounding this choice and prompted the realization that the path an artisan chooses can significantly impact…
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Can decentralization foster governance, fairness and inclusion in the creative sector?
Welcome to the Artisan’s Revolution! As the founder of the world’s first artisanal marketplace leveraging the power of decentralization, I embarked on a quest to redefine the norms of governance, fairness, and inclusion. While skeptics may dismiss these as buzzwords, my journey delves into the heart of decentralization, where possibilities and challenges collide. On paper,…
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Understanding GST/HST Requirements for Artisans: A Guide for Small Business Owners
Table of Contents Introduction: Navigating GST/HST for Artisans Embarking on your artisanal journey, the creative path converges with the practical realm of taxes, where the acronyms GST/HST (Goods and Services Tax and Harmonized Sales Tax, respectively) take center stage. Far from mere bureaucratic jargon, these two critical elements intricately shape the landscape of your business.…
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Co-operatives: A beacon of hope for the African Handicraft Sector?
Table of Contents Introduction Embarking on this exploration of co-operatives (also known as co-ops) in African handicrafts feels like unravelling a profound tapestry. As a founder deeply entrenched in the world of crafts, my fascination with co-operatives is more than professional – it’s personal. Witnessing the resilience of small business owners in the handicraft space…
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Elevate Your Craft: 5 Compelling Reasons Artisans Should Embrace Online Selling in 2024
Online selling, particularly on marketplaces, has become a pivotal question in my role as the founder of the AFOMA Marketplace and an advocate of equitable income for artisans. I ponder why artisans in Nigeria and even Canada – a place I call home – do not or are reluctant to harness the transformative potential offered…
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Top Online Marketplaces for Nigerian Artisans: 2024 Edition
Table of Contents Introduction A fascinating shift is underway for Nigerian artisans in the vibrant landscape of craftsmanship, where creativity meets commerce. According to Expert Market Research, the global handicraft market stood at USD 787.85 billion and is projected to soar even higher by 2024. Picture this: intricate beadwork, vibrant textiles, and masterfully crafted artifacts,…
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A Need to Standout? The Artisanal Marketplace Blueprint for Success.
The Artisanal Marketplace is where artisans build a unique narrative as creativity converges with commerce in a bustling digital space. The artisanal market is projected to grow to USD 74 billion by 2031, signalling renewed appreciation for handcrafted treasures. Imagine a space where craftsmanship is a skill and a thriving ecosystem. Let me paint a…
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The Decentralized Revolution: Empowering Commerce through Tokenization and Web3
In the swiftly changing terrain of the digital era, decentralization has emerged as a transformative force, reshaping traditional paradigms of commerce, governance, and trust. At the heart of this revolution lies the utilization of tokens, also known as cryptocurrencies, which enable novel ways of establishing fairness, transparency, and trust in online marketplaces. This blog delves…
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Handmade vs. Mass-Produced: Unraveling the True Value and Appeal of Artisanal Products
In today’s world of endless consumer choices, the decision between purchasing handmade or mass-produced items has become increasingly significant. The allure of artisanal products lies in their uniqueness, quality, and the undeniable touch of human craftsmanship. On the other hand, mass-produced items offer convenience and affordability. For small business owners selling online, like on AFOMA…