About Thrive Detroit
About Thrive
First published in November 2011, Thrive Detroit is Detroit’s first and only street paper. The paper was launched through a Kiva Detroit micro-loan and a gift from 1Matters.
As an initial investment, Thrive Detroit Street Paper provides Vendors/Micro-preneurs with an initial batch of papers (up to 10 issues) at no charge. They are then able to sell the issues for $1 each and reinvest some or all of the funds back into their enterprise by purchasing additional papers (stock) for .25 each.
Those who choose to become regular Vendors/Micro-preneurs purchase the paper for .25 each, sell them for $1 each, and retain .75 for themselves.
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A micro-enterprise can be the difference between an individual or family remaining housed or becoming homeless. Individuals already facing homelessness, can use funds to secure housing.
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Selling just 30 issues a day, 6 days a week will gross $720 a month, netting $540 a month in income if the Micro-preneur decides to stop at 30 issues a day. But they don’t have to! They can take a portion of their earnings each day to reinvest in purchasing more issues at .25. There is no limit.
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Vendors/Micro-preneurs can also generate income through advertising revenues. They receive 30% of the revenue from each Ad sold directly or as a result of a formal referral.
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Vendors/Micro-preneurs who purchase and sell at least 100 issues over time will be provided with identifying vests and ID badges to increase visibility and sales.
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Thrive Detroit provides training opportunities through money management/budgeting, sales, and writing workshops for those who want to participate.
Support Thrive Detroit by:
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Purchasing the publication each month from either a Vendor, Source Booksellers, one of our local business supporters such as the D:hive, or subscribing online to have it delivered via USPS or to your email-box.
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Giving a one-time or regular donation(s) to help cover the cost of initial investments and other costs associated with providing this opportunity.
Donations and gifts to Thrive Detroit L3C are not tax-deductible.