How To Get Financing For Existing Orders?

jriddick

jriddick

Stealth Assassin
Mar 8, 2010
228
4
0
This is a dropshipping operation.

Amazon withholds payment until orders ship. I can't order items from my supplier without payment and thus can't give shipping information.

I've currently got about $1,600 worth of items ordered and another $500 pending. And I only listed these items 2 days ago, I assume there will be more in the 1-2 week span it takes Amazon to pay you.

Any ideas, bros? If I can't fund them, I'll have to cancel them all and wait until I have capital to float this operation.
 


jriddick said:
Applied for a business credit card from the bank, it will take too long though, and my credit is not great.
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Don't you have any credit cards? I have 4 and one of them could cover your current needs, and I'm definitely not a baller either.

If you don't have any then I really see no solution other then negotiating with your dropshipper or JVing with someone. Show a friend the sales in Amazon and give him 100% if you have to.

Count this as a lesson learned.
 
I don't even know what to say, I don't post here often, but either your trolling us or you didn't do your research.

You should have known that Amazon holds payment in the beginning and had a plan, I would probably have agreed a credit line with the supplier e.g. they bill me at the end of the month for simplicity, however if that fails, anything from credit cards to bank overdraft or even friends would work here, as long as its a good product.

If you honestly believe in the product and are making a profit then you would be stupid to cancel the orders, find the money/agree credit line, if most are going to be returned because its a load of crap and you cant afford to loose the money then......

Also if you haven't done your research on such a basic aspect, how much further does your lack of research go, are you making a profit? what are the margins? etc
 
Reach out, if you seek partnership, not funding. Must be located in the States. And depending on the items, and the age of your sellers account, you should see pro-rated payments after about 30 days.

Remember, Amazon is smart and will not pay you everything you sold. They pay some and hold some just in case of returns and other issues.

By the way, if the drop-shipper is in another country, forget it, too many problems will arise in due time.
 
For such a small amount of money, do you have a car or other worldly possessions worth that much?

Try going to a pawn shop or title loan place and take out a loan against them. Those places rape you on interest rates, but since you have bad credit your options are limited.

Other than that, maybe try hitting up family and friends. If you have a legit business and show can offer them a % profit with a few weeks turn around, somebody might loan you the cash you need.
 
Do you not care about these buyers that are expecting prompt shipment of the items they paid for?

It seems clear you knew you couldn't float the capital, yet you went ahead and listed the items anyway.

Your first priority now should be refunding the buyers and pulling the listings.

After that, you can worry about having a business plan.
 
Donate sperm, invest the money you get in a time machine, then use it to travel back in time and stop yourself from listing the items until you have the funds?
 
Well, you could whore yourself out to a thousand fat chicks for 50 bucks apiece, or 50 really fat chicks for a thousand bucks.
 
It doesn't really matter - those sales are going to return whatever crap you plan on ordering from your drop shipper to send them anyways.

There is a reason the place you plan on ordering from doesn't bother to list on Amazon even though they are happy to send you a single unit.
 
miketpowell said:
It doesn't really matter - those sales are going to return whatever crap you plan on ordering from your drop shipper to send them anyways.

There is a reason the place you plan on ordering from doesn't bother to list on Amazon even though they are happy to send you a single unit.
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They're on there. Nobody's returning anything. Demand is through the roof right now.

Had to cancel those sales, even though another $700 came in today. Amazon suspended my selling privileges and is "reviewing" my account. Hero to zero, bros.
 
Look up credit factors. These are guy that you can borrow on existing orders. But be warned interest is high
 
Have you even bothered to click the banners here? Needs money..pssh

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