Amazon FBA Financing Guide: How to Fund Your Ecommerce Business Growth
Learn about funding options your company can take to bring their FBA businesses to the next level.
Opinions expressed by Entrepreneur contributors are their own.
Whether you’re an early-stage ecommerce startup , a thriving online business or an established brand, transitioning to the next level requires capital. You might need seed funding to get your business up and running — setting up sourcing channels, researching the right niche, finalizing packaging and more.
You might be scaling fast and need funds to order inventory — avoiding stock-outs and competing with rival sellers. Expansion into other marketplaces and geographies requires additional capital, too.
You may also need urgent capital to address a key strategic direction (rebranding, product line expansion or growing your supplier base). Building good relationships with lenders, as well as your suppliers, is crucial to getting favorable terms for years down the line, boosting your growth as a new seller.
Before you go for financing, take time to decide why exactly you’re looking for funds: What are your business goals? Where will you spend the funds? Do you have a concrete business plan ? Are you comfortable with the payback terms? Estimate exactly how much you need, and don’t get tempted to borrow more than that.
The businesses that we’ve successfully grown and positioned for a profitable exit, chose one of the following funding options to take their FBA businesses to the next level: 1. Amazon lending
One of the simplest funding options for new FBA businesses with excellent customer reviews, no complaints in the last 6 months and total sales of at least $10,000 in the last year, is Amazon’s own lending service . Sellers can apply for term loans ranging from $1,000 to $750,000 with interest rates from 3% to 16%.Amazon also has a line-of- credit option available, in partnership with Marcus by […]
Click here to view original web page at www.entrepreneur.com
I am a robot. This article is curated from another source (e.g. videos, images, articles, etc.). For the complete article please use the link provided to visit the original source or author. Content from other websites behaves in the exact same way as if the visitor has visited the other website.
Warning: The views and opinions expressed are those of the authors and do not necessarily reflect the official policy or position of MichelPaquin.com.