Many Amazon Sellers operate as husband and wife teams like John and Laura who run their Amazon FBA wholesale business, Priority Products*, out of Florida.
Just like many Amazon Sellers, they started on Amazon following a retail arbitrage model and evolved into an Amazon wholesale model buying brand name products from authorized distributors and directly from brands.
In 2020, John and Laura started to see success with their Amazon business and, with retirement on the horizon, decided to look for growth capital to help them start to generate meaningful income from their Amazon Business.
They stumbled upon AccrueMe's financing for Amazon Sellers and started with a modest investment to get comfortable with an investment model that seemed almost too good to be true. Over time, they drew down additional capital from AccrueMe when they needed it to make opportunistic purchases and onboard new suppliers. They continue to work with AccrueMe as a financing partner to this day more than 2 years later.
4X Profit Growth With AccrueMe YOY
Like many Amazon Sellers, AccrueMe's interest when investing in Amazon Sellers is driven by bottom-line profit (Amazon FBA Sales - COGS - Amazon Fees). That focus on profit is part of what helped Priority Products 4X their bottom line profits from 2021 to 2022.
Revenue Growth With AccrueMe
Priority Products increased their revenue significantly while working with AccrueMe but not at the same rate as they increased their profits. Part of that is because John & Laura used AccrueMe's tools and data to focus on selling the most profitable products they had access to the best monthly ROI. By allocating their capital to the products that had the best ROI on a monthly basis and leveraging AccrueMe's zero payment financing, they were able to reinvest their profits and generate more profit every month without adding an equal proportion of ASINs and revenue.
Conclusion
Laura & John continue to work with AccrueMe as they retired from their day jobs and focus on scaling their Amazon business further into retirement. The AccrueMe team met up with John at ASD Market Week where he share some of his thoughts about working with AccrueMe which can be found HERE.
About AccrueMe®
AccrueMe provides success-based financing for Amazon Sellers. With decades of experience in lending, AccrueMe's leaders have created a completely new way of providing capital, powered by a proprietary portal built around leading-edge eCommerce technology. With unprecedented line of sight into business data, AccrueMe’s portal simplifies financing for online retailers in a way that was never before possible: based entirely on sellers' success, and repaid when best for the seller, and not based upon a pre-determined schedule. Ecommerce retailers have built their businesses on the latest technology, we believe they deserve financing from a partner that's powered the same way. AccrueMe: cutting edge capital for eCommerce. Learn more at AccrueMe.com