By: Amanda Hoffman | March 24, 2021
March 24, 2021
The future of e-commerce is looking lucrative. But, starting an e-commerce business can be a lot of work, demanding many steps that need to come together at the right time. Consumers are increasingly buying products online and the tools and knowledge sellers need to reach them are more accessible than ever. By the end of 2021, worldwide e-commerce sales will reach $4.9 trillion. And now, the average Joe doesn’t have to be Jeff Bezos to become an online seller.
Importance of Capital in Online Business
The old saying, “It takes money to make money” is often true, and can be a source of frustration for those looking to scale their e-commerce business. A huge pain point for e-commerce businesses is the need to raise capital. With the explosion in online commerce, many e-commerce sellers have difficulty keeping their Amazon or Walmart stores stocked with products, thereby hindering their ability to maximize sales. And like most businesses, sellers need capital to scale-up. If a seller doesn’t have the free cash to invest in more inventory, it affects everything and starves the business of growth.
Enter our preferred partner at Elite Automation, Payability. This online capital solution provides funding to sellers so they can buy more inventory, spend more on marketing, and ultimately, grow their business. Unlike traditional financing options, Payability funds sellers based on their e-commerce sales history, not their credit scores.
Elite Automation + Payability = A One-Stop-Shop
At Elite Automation, we start our clients earning profits immediately. We are an end-to-end automated business solution that builds automated e-commerce businesses for clients, while targeting a 15%-35% profit margin. Elite Automation’s dedicated team of Amazon selling experts monitors and scales Amazon stores, while managing sellers’ products, inventory, sales, customer service and store entirely. And, after Elite Automation has established 90 days of sales history and $2,000/month in sales, sellers can grow their e-commerce business with Payability, who can help increase revenue with instant access to capital and accelerated daily payouts. Instead of getting paid every 14+ days, sellers can get paid the next day, every day. There are no no credit checks and approvals of up to $250,000 in 24 hours or less make Payability a solution that quickly solves the pain points of e-commerce funding.
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