E-Commerce · Seed funding

Raising Seed Capital For A New Ecommerce Store

Cashisav ltd CEO Currently looking for co founder who can inject capital into a existing business

October 28th, 2020

Just for a quick overview here is my e-commerce store https://cashisav.store/ .I currently sell the likes of books videogames etc generally cheaper than amazon or eBay. Would like something like 10-15k just to get the ball rolling a bit with advertising and to get more stock. The problem is getting a loan is next to impossible and trying to get the money together is also next to impossible. Crowdfunding an option but again u need money to spend money to raise money going that route. Just curious what route you guys would take to get that 10-15 k to give the business a boost.

Dane Madsen Organizational and Operational Strategy Consultant

October 30th, 2020

What reason do you think you would succeed, especially if price is your only differentiator?

Gautam Chadha Founder @TheGCOrganisation and @babaCLICK — Product Fanatic — MathPhys Student @UniversityofWarwick

October 31st, 2020

I think @Dane has a very valid point. I would strongly urge you to find another differentiator apart from price. With price being your only *real* differentiatior, and notably not by a massive amount on the customer side, you may find increased advertising expense with little results.

Nevertheless, if you really believe there is a way to capture the market you are going for, I'd look into bootstrapping yourself and/or approaching friends and family.

If you've got an established sales history (>3 months and at least 100% of your ideal loan amount as monthly revenue), there are many non-traditional lenders in this space that use sales data to provide capital. Look into Clearbanc or other similar solution for this route.

Adam Bell Connecting China, ASEAN and the world

Last updated on October 28th, 2020

Factors such as current traction and revenue, customer base are relevant. cubators and (cofounder) angel investors in your niche may be the way forward in which case need to resesrch thoroughly, build relationships and establish their interest and how they would like to invest, plus have a simple pitch deck with key infornation.

Cashisav ltd CEO Currently looking for co founder who can inject capital into a existing business

October 30th, 2020

Well, better customer service quicker shipping more payment options, etc also make us better .Also it depends on what you mean by success.

Spyros Paraskevopoulos Economist, Object Oriented software developer, electronics & networks technician

November 1st, 2020

They are right that price cannot be your only value proposition argument.