How To Get Financing For Existing Orders?

I thought you were angling for a JV.

This was going to be my next WSO, but what the hell. Go out on the street and offer passing motorists handjobs for spare change. Very newbie friendly. This is technically a review copy, so I'd like a testimonial before I launch next week.
 


I think that if you can't cover those expenses you have no business doing business.. Borrow the money from your friends, family..

But since I am having a good day here is also an online solution: https://www.kabbage.com/

I don't know if they take Amazon orders into account but still have a look and check.
 
jriddick said:
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. Fucktard To Bigger Fucktard, bros.
Click to expand...

Ftfy, bro.
 
Step #1: Post thread in STS about highly successful niche.

Step #2: Mention that you couldn't fulfill orders and had to close the "business".

Step #3: Wait for idiot to PM about the niche. Create a joint-venture. Let it seem like the idiot is in control.

Step #4: Have idiot sell on Amazon and fulfill orders using dropshipper.

Step #5: Don't tell idiot that you are the dropshipper and the product you're selling is straight shit. Plus, it clearly outlines that in the fineprint where he bought the product. Amazon orders will bounce, and you will cash out from all the crap products that the idiot ordered. With the right niche could be $10,000 before the idiot finds out. With the right amount of idiots, can be $100k+ in profit.

Step #6: "Idk what happened man. I thought we could make millions..."

Step #7: Hookers and blow. Well done.​
 
KennyPowers said:
Step #1: Post thread in STS about highly successful niche.

Step #2: Mention that you couldn't fulfill orders and had to close the "business".

Step #3: Wait for idiot to PM about the niche. Create a joint-venture. Let it seem like the idiot is in control.

Step #4: Have idiot sell on Amazon and fulfill orders using dropshipper.

Step #5: Don't tell idiot that you are the dropshipper and the product you're selling is straight shit. Plus, it clearly outlines that in the fineprint where he bought the product. Amazon orders will bounce, and you will cash out from all the crap products that the idiot ordered. With the right niche could be $10,000 before the idiot finds out. With the right amount of idiots, can be $100k+ in profit.

Step #6: "Idk what happened man. I thought we could make millions..."

Step #7: Hookers and blow. Well done.​
Click to expand...

Step #8: In between the lines and penetration make an ebook how you did it and sell on WaFo
 
jriddick said:
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.
Click to expand...

My point was unless you are doing something special to get these people to your Amazon sales page via promotion there is very likely some other flaws you over looked in this business plan besides the fact you didn't have the cash to order any of the items when they sold.

If you want to lay out more of the details we can likely point it out to you. My guess is after paying fees to all parties your margin is way to slim to account for the cost of returns/fraud - most online businesses that take CC need at least a 10-15% margin to account for refunds, charge backs and fraud(they need more margin if they want a profit after that). You will have people that order, get there items and then claim they never got it. Even with delivery conformation they will likely win the charge back if you don't just refund them. Those total losses will destroy you if you are running at a 5% margin. It will also make you rage because these people are literally stealing from you and there isn't really anything you can do.

Because if what you are doing would actually work well - the drop shipper would have there own 2nd listing on Amazon.

This is all assuming you aren't doing some sort of special promotion for your page that is getting people to come buy the items for a higher price than normal because of your promotion/marketing. If you've got that you are onto something.

Best of luck - I'm not trying to be critical or hate to be mean but want to help so you don't waste time with business models that are only going to cause frustration, stress and loss of money/time.
 
OP is not necessarily a fag. Lots of people learn to swim by getting thrown in the deep end. Pretty much been said already, however:

Account/credit from supplier > Credit card > Invoice factoring.

Obviously, the cliche "cashflow is king" applies. If you can find a way of turning your process from negative to positive, happy days, cha-ching. Saying that, nothing wrong with finance as long as you have the appropriate level of protection (Ltd/LLC/legal entity) so that said creditors don't rape you and take your first born son.

Good luck OP :)
 
miketpowell said:
My point was unless you are doing something special to get these people to your Amazon sales page via promotion there is very likely some other flaws you over looked in this business plan besides the fact you didn't have the cash to order any of the items when they sold.

If you want to lay out more of the details we can likely point it out to you. My guess is after paying fees to all parties your margin is way to slim to account for the cost of returns/fraud - most online businesses that take CC need at least a 10-15% margin to account for refunds, charge backs and fraud(they need more margin if they want a profit after that). You will have people that order, get there items and then claim they never got it. Even with delivery conformation they will likely win the charge back if you don't just refund them. Those total losses will destroy you if you are running at a 5% margin. It will also make you rage because these people are literally stealing from you and there isn't really anything you can do.

Because if what you are doing would actually work well - the drop shipper would have there own 2nd listing on Amazon.

This is all assuming you aren't doing some sort of special promotion for your page that is getting people to come buy the items for a higher price than normal because of your promotion/marketing. If you've got that you are onto something.

Best of luck - I'm not trying to be critical or hate to be mean but want to help so you don't waste time with business models that are only going to cause frustration, stress and loss of money/time.
Click to expand...

There is a lot of truth in what you say. Once you factor in Amazon's outrageous margins, there is absolutely no profit to be had on this product. The supplier sets an MSRP which everybody has to abide by, although amazingly enough I'll see other vendors going below even that, which must mean they're losing money on each transaction.

I've come to realize that the only way to be profitable if I want to stick with this niche is to go through my own site and just pay the 2-3% credit card processing fee instead of the exorbitant marketplace fees. I just bought Genesis and am going to try and create a theme that I can drive PPC traffic to.

Thanks for sharing in my trials, bros. I suppose the lesson here is if you're going to sell on Amazon, you need both a huge line of credit/amount of capital AND a product that nets you 50% margins or more.
 
jriddick said:
There is a lot of truth in what you say. Once you factor in Amazon's outrageous margins, there is absolutely no profit to be had on this product. The supplier sets an MSRP which everybody has to abide by, although amazingly enough I'll see other vendors going below even that, which must mean they're losing money on each transaction.

I've come to realize that the only way to be profitable if I want to stick with this niche is to go through my own site and just pay the 2-3% credit card processing fee instead of the exorbitant marketplace fees. I just bought Genesis and am going to try and create a theme that I can drive PPC traffic to.

Thanks for sharing in my trials, bros. I suppose the lesson here is if you're going to sell on Amazon, you need both a huge line of credit/amount of capital AND a product that nets you 50% margins or more.
Click to expand...

An MSRP is just a suggested price, you can sell it for whatever you want. However, if what you meant is MAP, then that is a minimum advertised price and you have to employ some tricks to sell below that.

For instance, you can't advertise a lower price, but you can offer discounts behind the scenes.

You can bundle products.

You can offer freebies, so even though they are paying full price for the MAP product, you are giving them something else that has value and therefore lowering the cost.

You just have to think outside the box.
 
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