E384: Here’s a Fresh Way to Get Some FundingMay in Ecom-Crew-Podcast
Whether you’re just starting out or are looking to scale your business, capital is a problem. Things change fast in ecommerce and getting your hands on cash can be difficult.
My guest today is Don Henig, a tried-and-true finance guy who has found a rather fresh way of financing Amazon businesses through his company, AccrueMe.
AccrueMe is an investment company that offers funding to Amazon private labels and wholesalers in return for a small temporary share in profits. Its goal is to help Amazon sellers grow without worrying about the usual burdens of typical financing options—there’s no interest to worry about, no required monthly payments, and they don’t take any ownership over your business.
In this episode, we’ll get to know Don and the interesting story behind AccrueMe. He’ll also walk me through the process of how their financing model works, with real-world examples to boot.
So, if you’re pressed for cash or are planning to take your business to the next level with additional capital, you’ll get a lot out of this episode.
- Why and how Don started AccrueMe – 3:41
- How AccrueMe financing works – 12:39
- Some important points I like about the AccrueMe financing model – 18:28
- Real-world examples of AccrueMe financing – 22:33
- How you can apply for funding – 31:58
- The minimum requirements for approval – 35:53
I’d like to thank Don for coming to the show and sharing his creative financing model with us. If you have any burning questions about AccrueMe, you can connect with him over on LinkedIn or email him at [email protected].
In case you haven’t already, now is your last chance to sign up for EcomCrew Premium this quarter! Some perks our Premium members love most are the unlimited email support from myself and Dave Bryant, our monthly Secret Sauce Webinars delivered by industry experts, and our entire library of courses and Q&A webinars where like-minded entrepreneurs share their pain points and strategies.
Premium won’t be open for a few months after today, so make sure you don’t miss out.
Lastly, if you enjoyed this episode, please head over to iTunes and leave us a review.
Until the next one, happy selling!
Michael started his first business when he was 18 and is a serial entrepreneur. He got his start in the online world way back in 2004 as an affiliate marketer. From there he grew as an SEO expert and has transitioned into ecommerce, running several sites that bring in a total of 7-figures of revenue each year.