My Amazon Guy

Kickfurther CEO Sean De Clercq - Inventory Financing #91

September 28, 2020 Season 1 Episode 91
My Amazon Guy
Kickfurther CEO Sean De Clercq - Inventory Financing #91
Chapters
My Amazon Guy
Kickfurther CEO Sean De Clercq - Inventory Financing #91
Sep 28, 2020 Season 1 Episode 91

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."

Support the show (https://www.paypal.com/paypalme/myamazonguy)

Show Notes

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."

Support the show (https://www.paypal.com/paypalme/myamazonguy)