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E384: Here's a Fresh Way to Get Some Funding

The EcomCrew Ecommerce Podcast · with Don Henig · May 21, 2021 · 41 min

Summary

Ecommerce businesses, especially Amazon sellers, often struggle with securing capital for growth. This episode introduces AccrueMe, a fresh alternative to traditional financing that offers capital to Amazon private label and wholesale businesses in exchange for a small, temporary share of profits. This model avoids interest, monthly payments, and equity dilution, enabling sellers to scale without the usual financial burdens.

Key takeaways

Themes

amazon & marketplacesfinance & fundraisingfounder & leadership

Topics covered

amazon seller fundingalternative financing for ecommerceprofit-sharing financingno-interest business loansscaling amazon businessesworking capital for amazon fba

Episode description

Whether you're just starting out or are looking to scale your business, capital is a problem. Things change fast in ecommerce and getting your hands on cash can be difficult. My guest today is Don Henig, a tried-and-true finance guy who has found a rather fresh way of financing Amazon businesses through his company, AccrueMe. AccrueMe is an investment company that offers funding to Amazon private labels and wholesalers in return for a small temporary share in profits. Its goal is to help Amazon sellers grow without worrying about the usual burdens of typical financing options—there's no interest to worry about, no required monthly payments, and they don't take any ownership over your business. In this episode, we'll get to know Don and the interesting story behind AccrueMe. He'll also walk me through the process of how their financing model works, with real-world examples to boot. So, if you're pressed for cash or are planning to take your business to the next level with additional capital, you'll get a lot out of this episode. Timestamps: Why and how Don started AccrueMe – 3:41 How AccrueMe financing works – 12:39 Some important points I like about the AccrueMe financing model – 18:28 Real-world examples of AccrueMe financing – 22:33 How you can apply for funding – 31:58 The minimum requirements for approval – 35:53

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Frequently asked about this episode

What does this episode say about amazon & marketplaces?
AccrueMe offers a unique profit-sharing model for Amazon sellers, providing capital for inventory, marketing, and growth without interest, fixed payments, or equity dilution.
What does this episode say about finance & fundraising?
Unlike traditional financing, AccrueMe temporarily shares in your profits, aligning their success with yours and reducing financial risk for sellers experiencing fluctuating sales.
What does this episode say about founder & leadership?
The minimum requirements for AccrueMe funding are designed to help Amazon private label and wholesale businesses that are already operational and looking to scale.
What does this episode say about amazon & marketplaces?
Sellers can apply for funding through a straightforward process, described in detail, to access capital for inventory, marketing, and other growth initiatives.
What does this episode say about amazon & marketplaces?
Real-world examples illustrate how AccrueMe’s flexible financing model has helped Amazon businesses achieve significant growth.

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