The Ecomcrew Ecommerce Podcast

E280: Inventory Funding Solutions with Sean & David of Kickfurther


Listen Later

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!

...more
View all episodesView all episodes
Download on the App Store

The Ecomcrew Ecommerce PodcastBy Mike Jackness and Dave Bryant | eCommerce, Shopify, and Amazon FBA Experts

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

297 ratings


More shows like The Ecomcrew Ecommerce Podcast

View all
The Smart Passive Income Online Business and Blogging Podcast by Pat Flynn

The Smart Passive Income Online Business and Blogging Podcast

3,451 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,842 Listeners

Social Media Marketing Podcast by Michael Stelzner, Social Media Examiner

Social Media Marketing Podcast

1,451 Listeners

The Side Hustle Show by Nick Loper of Side Hustle Nation | YAP Media

The Side Hustle Show

1,584 Listeners

Shopify Masters by Shopify

Shopify Masters

378 Listeners

The My Wife Quit Her Job Podcast With Steve Chou by Steve Chou

The My Wife Quit Her Job Podcast With Steve Chou

1,355 Listeners

eComFuel Podcast by Andrew Youderian | e-Commerce Entrepreneur

eComFuel Podcast

313 Listeners

AM/PM Podcast by Helium 10

AM/PM Podcast

211 Listeners

Marketing School - Digital Marketing and Online Marketing Tips by Eric Siu and Neil Patel

Marketing School - Digital Marketing and Online Marketing Tips

1,268 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,471 Listeners

My First Million by Hubspot Media

My First Million

2,660 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

10,254 Listeners

Marketing Against The Grain by Hubspot Media

Marketing Against The Grain

359 Listeners

Moonshots with Peter Diamandis by PHD Ventures

Moonshots with Peter Diamandis

602 Listeners

The Koerner Office - Business Ideas and Deep Dives with Chris Koerner by Chris Koerner

The Koerner Office - Business Ideas and Deep Dives with Chris Koerner

257 Listeners