Many fast-growing e-commerce businesses hit a wall when their cash flow can't keep up with inventory demands. This episode introduces Kickfurther, a platform connecting businesses needing inventory funding with individuals looking to invest. Learn how to leverage this alternative financing solution to scale your inventory, overcome growth plateaus, and avoid common cash flow struggles.
Key takeaways
Explore alternative inventory funding platforms like Kickfurther when traditional loans or bootstrapping can't meet your growth demands.
Understand the eligibility criteria and step-by-step process for securing inventory funding through platforms that connect businesses with individual investors.
Carefully assess the finance charges and historical investor returns of any inventory financing platform to ensure it aligns with your business model and financial goals.
Consider the consignment setup offered by Kickfurther as an operational model for managing inventory and investor relationships.
Be aware of the risk factors involved in inventory financing for both businesses and investors, and how platforms mitigate these risks to make informed decisions.
It's a new month and change is coming to the EcomCrew Podcast. If you haven't listened to last Thursday's goals update, I talked about us reducing the number of episodes in a week from two to one. We want to provide you with the best possible content and, in order to do that, it was a decision to go for quality over quantity. Today's episode is something that I believe fits the bill. As entrepreneurs, we tend to fall prey to our own success. The struggle to keep up with growth often means that our cash flow takes a beating. Affording inventory can become a real problem. This is why I'm excited to have Kickfurther CEO Sean de Clerq and VP of Business Development David Koifman on the show. Kickfurther is a platform that brings together businesses with inventory funding needs and individuals looking to grow their money on ecommerce. The platform helps cash-strapped businesses grow by raising funds from individual buyers to pay for the business' next order. When the business sells the inventory successfully, the individual buyers get paid and earn a profit. In this episode, you'll learn: How a Kickstarter campaign and Sean's financing problem gave birth to the idea of Kickfurther - 2:34 How Kickfurther deals first came together - 8:23 How Sean found early backers who trusted their brand-new platform - 10:35 Criteria for a business to be on the platform - 19:08 Step-by-step process for a business to get funding - 23:53 Timeline for a business to get funding - 28:13 Kickfurther's finance charges - 29:59 What returns have been historically for investors - 36:22 Risk factors - 44:38 Consignment setup - 48:44 Special Kickfurther deal for EcomCrew listeners - 53:43 If you want to try out Kickfurther for you
What does this episode say about finance & fundraising?
Explore alternative inventory funding platforms like Kickfurther when traditional loans or bootstrapping can't meet your growth demands.
What does this episode say about supply chain & operations?
Understand the eligibility criteria and step-by-step process for securing inventory funding through platforms that connect businesses with individual investors.
What does this episode say about founder & leadership?
Carefully assess the finance charges and historical investor returns of any inventory financing platform to ensure it aligns with your business model and financial goals.
What does this episode say about finance & fundraising?
Consider the consignment setup offered by Kickfurther as an operational model for managing inventory and investor relationships.
What does this episode say about finance & fundraising?
Be aware of the risk factors involved in inventory financing for both businesses and investors, and how platforms mitigate these risks to make informed decisions.
