As reseller for one of the largest outdoor weather product manufacturers, our company is constantly looking for creative ways to expand sales and get our product into the retail marketplace.
We experienced first-hand what can happen when you have “too much success” without adequate capital. One busy Christmas season, we listed our products on a leading e-tailer’s site, and we were ecstatic because we moved all our on-hand stock almost overnight.
Then we got the worst email in our company’s history...
The e-tailer notified us our funds would be held without exception for 30 or more days, due to the volume of recent sales.
I was pissed. They didn’t have grounds for adverse action; rather, the volume exceeded their given reasonable expectations, and they shot-down my business without asking questions, first. It felt like we were being penalized for being productive and successful. If anything, you’d think a big business like them would want you to sell more, considering they earn a huge percentage of each transaction.
I disputed the 30-day hold and called them over and over. I couldn’t get any response other than “its just our policy.”
I was stressed out of my mind, because orders kept flooding in, and it was only 10 days before the big December 25 holiday. Meanwhile, I had to scramble to find funds to fill the orders, and we had to cancel some orders because thousands of our dollars were being held hostage until after the holidays.
This action cost company thousands. Missed sales were only part of the equation! In addition, bills began piling up, which was embarrassing and awkward, as I was temporarily unable to pay business expenses.
If I had only known then what I know now after getting your Six Figure Business Credit course, I could have gotten the credit I needed to continue my everyday operations and salvage lost sales. Not only did I learn all the ways I never would have thought of to obtain upfront capital, but I now know how to get money for things I never thought possible.
Thanks to you, Jake, I now have the tools and knowledge I need to get a YES at the bank and I’ve also been able to give my business the kick start it needed with some much-needed advertising dollars.
As an average Joe, if I can do this, anyone can. I can’t believe how much better my story might have gone if I had this knowledge ahead of time.
Interest Click Here Now for details.
No comments:
Post a Comment