How To Get Money To Start Your Amazon Business If You Have $0 is something many soon-to-be entrepreneurs find themselves wondering.
In a recent video, Ben Kotch from AccrueMe explains the options for new entrepreneurs starting with $0 to start an Amazon Business.
There are multiple start-up funding options for Amazon Sellers with no business history or experience but they all require the entrepreneur to rely on their personal relationships and credit.
When starting an Amazon business with borrowed money it is extremely important that you know exactly what you are going to do to succeed on Amazon which is why we always recommend new sellers follow one of the top-rated Amazon Selling Courses like; Silent Sales Machine, ALGO Online Retail, or Amazing.com.
Many new sellers rely on credit cards to start their Amazon businesses if they have a strong credit history. Credit cards are a risky way to finance a start-up because if things don't go as planned you will personally owe the money borrowed.
2. Investment From Family & Friends
Family and friends are another popular source of funding for Amazon Selling start-ups. Like with credit cards, borrowing money from friends & family should only be done if you are very confident in your ability to repay the investment.
Typical friends & family funding structures include equity, loans, and convertible notes.
3. Crowdfunding For Amazon Sellers
Crowdfunding for Amazon Sellers could be a good option for you if 1. you have a unique brand with a strong business plan and 2. you have experience marketing a crowdfunding campaign. Most new Amazon Sellers find little success with crowdfunding because they don't have the budget or marketing skills to run a successful crowdfunding campaign.
There are many more funding options for Amazon Sellers with even a minimal track record of success including;
Many of the above options are available to Amazon Sellers with as little as 6 months of experience and $10k in monthly Amazon Revenue.
So, if you have a plan and support system in place, there are a few ways to get money to start your Amazon Business and then many more options to fund your growth after you have some success!
AccrueMe provides success-based capital for Ecommerce. 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