Every Fulfillment Center client has the potential to be high-growth; the only thing missing is resources. More inventory. More time. More capital. That’s where Kickpay’s Fulfillment Partner Program comes in. The Fulfillment Partner Program enables all Fulfillment Center clients to quickly and easily access working capital by using their inventory as collateral. The newest member to the program is...
In our previous Blog post, “The Hidden Costs of Carrying Too Much Inventory”, we discussed some often overlooked costs relating to inventory. Ordering too little means you run into an out of stock situation, leading to reduced revenues and a poor customer experience. On the other hand, ordering too much inventory impacts your business’ margins via hard costs like storage fees and obsolete stock...
The Next Big Thing discusses topics that other hardware entrepreneurs will find useful, such as prototyping and manufacturing, tools the companies use to keep moving forward, sales channels that have been effective (as well as others that have been complete failures), and managing cash flow. In Episode 5 we meet with Khalil Zahar, the CEO and Founder of FightCamp. We discuss the power of...
Although it sounds obvious, carrying too much inventory can be expensive. Really expensive. Not just in hard costs but also opportunity costs, especially for young companies. At Kickpay we see many companies fall into this trap so we wanted to put together a post to highlight why companies purchase too much inventory and the negative consequences of doing so with some real world examples...
The Next Big Thing discusses topics that other hardware entrepreneurs will find useful, such as prototyping and manufacturing, tools the companies use to keep them moving forward, sales channels that have been effective (as well as others that have been complete failures), and managing cash flow. In Episode 4 we chat with Polly Rodriguez, the CEO of Unbound. We discuss the catalyst for starting...
Ruby Has joins us as the newest member of the Kickpay Fulfillment Partner Program, which enables them to offer inventory financing to all their clients. They join other Fulfillment Centers in the program, including EasyPost, ShipMonk and Rush Order. No matter the size of the customers using a Fulfillment Center, access to capital is a common blocker for growth. This issue can present itself in...
The Next Big Thing discusses topics that other hardware entrepreneurs will find useful, such as prototyping and manufacturing, tools the companies use to keep them moving forward, sales channels that have been effective (as well as others that have been complete failures), and managing cash flow. In Episode 3 of The Next Big Thing, we chat with Brendan McAuley, the co-founder and CEO of Chippo...
Most e-commerce companies realize that the fourth quarter is THE time for growth. Everyone is online and everyone is looking to make purchases. Based on trends we’ve seen among our clients we’ve put together some tips to help your prepare. US consumers now spend over $500B per year online, which accounts for 14.3% of all retail sales. That number is up from $390B (11.6% of retail sales) in...
We are pleased to report the addition of the newest Fulfillment Center, ShipMonk, to our Fulfillment Partner Program. After expanding to California and New York, the Florida-based company decided to join our program in order to offer more resources to their growing client base. Like other leading Fulfillment Centers in the program, such as EasyPost and Rush Order, ShipMonk wanted to extend the...
The Next Big Thing discusses topics that other hardware entrepreneurs will find useful, such as prototyping and manufacturing, tools the companies use to keep them moving forward, sales channels that have been effective (as well as others that have been complete failures), and managing cash flow. In episode 2 of The Next Big Thing, we chat with Trung Pham, the Founder and CEO of Axis Labs. Axis...