?? No Money, No Problem
Two young entrepreneurs kick start their business with no money and a dream…

?? No Money, No Problem

What you’ll find in this week’s newsletter:

  • ?? No Money, No Problem [True Story]
  • ?? This Week’s Amazon News & Updates
  • ??? 4 FREE Amazon Carousel Videos in Seconds [Tutorial]
  • ?? What You Missed Last Week
  • ?? My Last Semester in Film School [Memory Lane]
  • ?The Latest AI Updates You Need to Know

Wow! I was blown away by the response of Kevin King and I’s AI Ecommerce Success Summit announcement last week.

This event is 100% free. No pitching. With 18 cutting edge AI experts in the industry. Anyway, secure your spot here and I’ll see you there Sign up?

?? No Money, No Problem [My True Story]

How do you start a business with no money?

That’s the question my partner and I were trying to solve in our early 20’s...

The one thing we had going for us was that we both had prior experience in selling promotional products.

But to get started with this new business, we would need to front A LOT of cash to pay our suppliers.

And we had nothing.

No banks were willing to give us money either.

And rightfully so.

Anyway, we landed a meeting with a Fortune 500 company, famous for its chocolate.

We worked with them before with our past company.

But this was our first time going solo with them.

They knew we always overdelivered and our product was always on time, every time.

To our surprise, they wanted to place a very large order with us for a dated event… Great!

But how do you float an order for a company if you don't have the money?

We’re talking tens of thousands of dollars

Usually these larger companies work with 60 or 90 day terms… maaaaaybe 30 days if you’re lucky.

We decided to leverage the relationship that we’ve built and go for the Hail Mary?

We asked for the cash upfront and in doing so we would provide them with a special discount.

We didn’t think any business would ever pay us in advance.

But our to our surprise it worked!

Sometimes you have to be creative.

Enjoy the rest of the newsletter.

— Norm



要查看或添加评论,请登录

Norman Farrar的更多文章

  • [LWN] ?? A Hockey Fight, A Parking Lot, and a Lesson in Respect...

    [LWN] ?? A Hockey Fight, A Parking Lot, and a Lesson in Respect...

    Growing up in the ‘70s, hockey was my world. I played competitively until a knee injury took me off the ice for a year.

  • [LWN] ?? The $25K Lesson I'll Never Forget...

    [LWN] ?? The $25K Lesson I'll Never Forget...

    Back in the early ‘90s, I was the classic micromanager. If something needed to get done, I was convinced I had to do it…

  • ?? I Failed My Hawaiian Business MBA

    ?? I Failed My Hawaiian Business MBA

    About ten years ago, I was living on the Big Island of Hawaii. I was running a business but still figuring things out.

  • ?? The Lesson That Built My Network

    ?? The Lesson That Built My Network

    Back when I first met Ron in Tampa— Here’s the first part if you missed it. That same night, we talked about more than…

    1 条评论
  • [LWN] ?? The Hawaiian Snowman

    [LWN] ?? The Hawaiian Snowman

    Here’s a story from when I lived on the Big Island of Hawaii. Every Christmas, the locals would look up at Mauna Kea…

  • [LWN] ?? THIS SIMPLE RULE CHANGED MY BUSINESS

    [LWN] ?? THIS SIMPLE RULE CHANGED MY BUSINESS

    Back when I had my company in Tampa, I went out one night with a friend to one of the local bars. It was a casual…

    1 条评论
  • ? 200 FEET UP, NO WAY DOWN - [TRUE STORY]

    ? 200 FEET UP, NO WAY DOWN - [TRUE STORY]

    Back in the ’80s, I went on a fall hiking trip—my friends, Stu, Brian, Tony, and I decided to take on the Bruce…

  • ?? Booze, Borders, and Business

    ?? Booze, Borders, and Business

    Back in the 80s, I worked with my dad during holidays and whenever I had some free time. It was a great way to learn…

  • ?? When Polar Bears Attack…

    ?? When Polar Bears Attack…

    What you’ll find in this week’s newsletter: ?? Big Announcement For Brands Under $1M! ?? When Polar Bears Attack… [True…

    1 条评论
  • ?? How I Lost Thousands in Seconds…

    ?? How I Lost Thousands in Seconds…

    Back in the day, my promotions company was dealing with several Fortune 500 companies. Because of that, we got to meet…

社区洞察

其他会员也浏览了