EP60: How Crowdfunding Can Solve Your Cash Flow Pinch w/ Sean De Clercq

Published: Dec. 1, 2016, 3:23 a.m.

b'What you are going to LEARN in this episode:\\n\\nWhy traditional inventory finance is so inefficient \\nHow crowdfunding can solve delays throughout your supply-chain\\nWhat\\u2019s the difference between Kickstarter and Kickfurther\\n\\nThe Problem: Retailers currently offer difficult terms and expensive financing costs when funding inventory for smaller businesses. Payments are made 30-60 days after inventory is delivered which slows down the entire supply chain and makes small businesses less efficient and profitable.\\n\\nHow Kickfurther solves the problem: On their online platform, individuals (like you and I) are able to choose which companies we want to invest in and who we want to purchase inventory for. We then OWN this inventory and when it sales, we get a return on our investment. \\n\\nKickstarter vs Kickfurther\\n\\nKickstart is a \\u201cpre-order aggregator\\u201d and is used to fund ideas. People will pay you upfront for future delivers. Most of these companies are not actually cash-flow positive and are in the market research phase. \\n\\nWith Kickfurther, you are not taking deliver of the physical products (as you are in Kickstarter) instead you are funding an established company\\u2019s inventory. This shortens the timeframe of financing the inventory, helps the business sell more product and gives you an ROI on your investment. \\n\\nKickfurther removes the middleman and takes the banks and large lenders out of the equation and instead connects businesses and smaller investors. \\n\\nLaunched Jan 2015 and currently has >10,000 users which ~25% are active investors. Most members are buyers since the companies they are investing in and buying the inventory for have established sales channels, but you are welcome to take delivery and sell the inventory on your own (not recommended). \\n\\nSean\\u2019s Advice: \\u201cKeep answering your customer\\u2019s emails for as long as possible because there\\u2019s nothing better than direct feedback from your customers.\\u201d\\n\\nContact Info:\\n\\nWebsite: https://www.kickfurther.com/ \\nEmail: contact@kickfurther.com \\n\\nWanna join the Liberty Entrepreneurs Facebook Tribe?! \\n\\nApply by sending an email to info@libertyentrepreneurs.com or tweet to me @libertyepodcast (please introduce yourself and what you are passionate about and working on)\\n\\nWould you please rate me on iTunes? https://itunes.apple.com/us/podcast/liberty-entrepreneurs/id1057809945?mt=2'