E280: Inventory Funding Solutions with Sean & David of Kickfurther

It’s a new month and change is coming to the EcomCrew Podcast.  If you haven’t listened to last Thursday’s goals update, I talked about us reducing the number of episodes in a week from two to one. We want to provide you with the best possible content and, in order to do that, it was a decision to go for quality over quantity. Today’s episode is something that I believe fits the bill. As entrepreneurs, we tend to fall prey to our own success. The struggle to keep up with growth often means that our cash flow takes a beating. Affording inventory can become a real problem.  This is why I’m excited to have Kickfurther CEO Sean de Clerq and VP of Business Development David Koifman on the show.  Kickfurther is a platform that brings together businesses with inventory funding needs and individuals looking to grow their money on ecommerce. The platform helps cash-strapped businesses grow by raising funds from individual buyers to pay for the business' next order. When the business sells the inventory successfully, the individual buyers get paid and earn a profit. In this episode, you’ll learn: How a Kickstarter campaign and Sean's financing problem gave birth to the idea of Kickfurther - 2:34 How Kickfurther deals first came together - 8:23 How Sean found early backers who trusted their brand-new platform - 10:35 Criteria for a business to be on the platform - 19:08 Step-by-step process for a business to get funding - 23:53 Timeline for a business to get funding  - 28:13 Kickfurther's finance charges - 29:59 What returns have been historically for investors - 36:22 Risk factors - 44:38 Consignment setup - 48:44 Special Kickfurther deal for EcomCrew listeners - 53:43 If you want to try out Kickfurther for yourself, head over to ecomcrew.com/kickfurther. Learn how to develop defensible and winning products you can build your business around. Sign up for this month’s free webinar. Get a copy of the Amazon Domination book here.  If you have any questions or comments, feel free to leave them below. Happy selling!