E436: Different Ways to Secure Funding For Your Ecommerce Business
Contrary to the expression “Money is no obstacle,” for many start-up entrepreneurs, it’s actually the biggest hump to overcome when getting started. So many great ideas and brands fail to come to fruition mainly because of one factor: funding, or lack thereof.
In this episode, we have Asher Ismail of Uncapped to share with us what the company he co-founded does, how ecommerce entrepreneurs can get capital for their businesses and what important factors come into play during the process.
- Introduction – 0:00
- Background of Asher and Uncapped – 5:06
- Challenges of securing capital for an ecommerce business – 11:02
- Mainstream ways to get funding – 14:58
- Giving away equity – 17:57
- Crowdfunding – 19:43
- Factors to consider when looking for funding – 21:55
- Uncapped’s payment terms and application process – 28:55
- Pros and cons of financing from banks – 40:53
- Uncapped’s Secret 50k offer – 41:59
Asher, thank you so much for being on the podcast. To our listeners, if you’re earning at least $10,000 a month and looking to scale your business or increase inventory, don’t miss out on the Secret 50k offer Uncapped has exclusively for you guys.
The Secret 50k offer is a $50,000 loan free of Uncapped’s flat fee. To apply, all you have to do is send an email to email@example.com with the subject line “Secret 50k” and tell them a little bit about your business.
Speaking of growing businesses, we’ve got a hot new edition of Secret Sauce, where we’ll be breaking down step by step how to build an Amazon brand from scratch, as we’re slowly growing our newest one, Knitting.com.
A Secret Sauce subscription gets you access to exclusive monthly mini-classes, previous webinars, as well as email support directly from Dave and I. We’ll also be sharing the exact revenue numbers of each of our brands, plus tips and strategies.
That’s it for this week’s EcomCrew Podcast. Don’t forget to leave us a review over on iTunes if you enjoyed this episode. Happy selling and we’ll see you in the next one!