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Olivia Wilde Builds Conscious Commerce Business

Jan 7 2014, 1:32am CST | by , in News | Also on the Geek Mind

Olivia Wilde builds a new ambitious business named Conscious Commerce.

Olivia Wilde Builds Conscious Commerce Business
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Olivia Wilde Builds Conscious Commerce Business

Actress Olivia Wilde is a standout member of the 2014 30 Under 30 Hollywood & Entertainment List. While most actresses her age are focusing intently on building their movie careers, Wilde is splitting her time between acting and building a new business: Conscious Commerce.

The website is a unique take on philanthropy. Instead of asking people to donate to a good cause out of guilt or even a sense of obligation, Conscious Commerce asks people to donate to charity simply by buying products they want anyway. Think Toms but on a broader scale. The shoe company donates one pair of shoes for every pair of shoes bought. Conscious Commerce aims to connect brands with charities so that eventually, every purchase made will contain a giving back element.

“It should be shocking when a product isn’t somehow helping the people who made it,” says Wilde.

The company is fairly new. One of the biggest partnerships so far for Wilde, and her partner Barbara Burchfield, has been a deal with Anthropologie pairing the company with New Light India so that a portion of the sales of one of the clothing company’s most popular dresses goes to a girl’s school in India. Conscious Commerce focuses on small, local charities that can be vetted to ensure that as much money as possible is going to the people who need help.

Wilde was inspired to start Conscious Commerce from her work with leaders like Paul Haggis. The director (who is best known for Oscar-winning Crash) has a charity called Artists for Peace and Justice that does work in Haiti. Wilde made several trips to the country and became heavily involved in helping fund raise for different charities. She also worked with Nicholas Kristof on his documentary Half the Sky.

But she discovered that fund raising can be an exhausting and thankless task. Philanthropies often go to the same group of people over and over to try and get more money for more causes. She began to feel disillusioned with the politics of traditional philanthropy.

At the same time she was inspired by a growing movement from young entrepreneurs encouraging people to think about how they were spending their money and to use their dollars to help good, sustainable causes. She was also encouraged by the election of President Obama. Instead of winning off of the backs of rich donors, Obama collected lots of smaller donations that still had a huge impact.

“By incorporating a giving back structure into small purchases, it can make a huge different,” says Wilde.

Instead of asking companies to give back just out of the goodness of their hearts, she is approaching them from a marketing point of view. Ad budgets are always bigger than philanthropy budgets. So she is pitching her company as a way for brands to bring positive attention to themselves.

The actress is not giving up on the silver screen. She’s getting lots of attention for her work in the small movie Drinking Buddies, which hit theaters last summer, and she’ll head back to work next summer after giving birth to her first child. But she expects to continue to devote significant energy to Conscious Commerce.

Follow me on Twitter at DorothyatForbes.

2013 30 Under 30: Hollywood & Entertainment

 

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<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
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