My Amazon Guy Kickfurther CEO Sean De Clercq - Inventory Financing #91
Sep 28, 2020
23:29
Kickfurther talks about financing best practices and is giving away $250,000 in no-cost financing this month. https://grow.kickfurther.com/2020-giveaway
- What is Kickfurther?
- Get fast funding for up to $2M in inventory for a cost up to 30% cheaper than other financing options. Kickurther funds are available when you need to pay your suppliers.
- How did you come up with the idea for Kickfurther?
- Family business in supply chain. Started up physical goods business. Big retailer orders. Alternative cost of financing would have lost money.
- What are some different options/considerations for funding a growing amazon or CPG business?
- SBA loans can be helpful.
- Common mistakes when financing?
- Being too optimistic on sales projections.
- Better to under promise and over deliver.
- Financing to pay back too quickly can backfire.
- What are some best practices for managing supply chain and inventory financing to address cashflow constraints caused by fast growth?
- Diversify distribution channels.
- Build redundancies
- Fresher Products funded on KickFurther, an My Amazon Guy client - https://www.kickfurther.com/coop/holiday-bbq-tools
- Book club: Never split the difference.
- First deal financed $1,400. Funded by community never met.
- "Couldn't believe how quickly I got funded."