How do I grow my business while still being able to pay my bills, take care of my family, and, frankly, have a life?!
It's an age-old question for business owners that has a simple answer: funding!
Currently, there are a number of funding options available to 3rd party sellers. Paypal, bank loans, credit cards, even Amazon itself has some options they encourage people to consider. I'm sure you've considered them yourself, but, there is a big problem with these traditional loan options that always seem to stop, or at least gives pause to savvy business people. The high-interest rates and the monthly payment schedule.
How cost-effective could it be if your monthly overheads are increasing and adding a pile of debt all at the same time? No matter how good or bad your month might be you always have to pay, which doesn't really allow for a lot of growth (or comfort). At the end of the day, you just become a number.
AccrueMe has created a whole new funding system that bypasses a lot of these headaches. Instead of giving you a loan, as a bank would, we become a financial partner by investing money directly into your business.
Being a part of the business, instead of trying to collect monthly payments or applying interest, AccrueMe makes money by taking a percentage of the profits (only when there is a profit). This structure helps both you and AccrueMe because when you make money, we make money, and better yet, we don't add to your monthly liabilities. Our goal is to let our money accrue in the business by reinvesting all of the profits we are owed so you can grow faster without monthly payments.
Funding without liabilities can be a very powerful and freeing thing. With double the capital you become able to purchase products that have higher margins, have less competition in the marketplace, and above all you have the strength to diversify and capitalize on a greater rate of buying opportunities.
This is an Inventory Labs screenshot of an AccrueMe customer's Profit * Loss Statment Before they started with AccrueMe:
Now, below is another table of the same customer after an initial investment of $10,000 from AccrueMe:
As you can see, in just 5 months of working with AccureMe this customer saw their monthly sales double to about $44,000, and their net profit triple to about $8,200.
How did this happen?
Well, as we discussed before, the increase of capital allowed for more aggressive purchasing of inventory. This customer was not only able to buy more inventory and take advantage of more buying opportunities but, the customer was also able to fund the purchase of more expensive items that have less competition from other 3rd party sellers on Amazon.
To learn more about AccrueMe, the partnership model, and how to apply for Amazon funding, sign up here.
Ready to take things to the next level? Apply now and get pre-approved for Amazon Seller Funding from AccrueMe and double your capital.