Don’t look now but 2024 will arrive in just one month’s time! As 2023 draws…
In our last blog, we highlighted the fact that, with the fall season now here, it’s pretty much the right time of year to begin thinking about the holiday shopping season. Yes, the holidays are still approximately three months away. But, in the business world, three months of prep for the big end-of-year festivities is usually considered necessary.
What do all retailers need in order to have successful holiday seasons?
You guessed it – inventory. Without your products, there’s no way to maximize sales, right? Naturally, it’s important to have enough supply to meet the demands of your customer base. To stocking up on inventory long before the holiday season even begins is a wise choice…a no-brainer, in fact!
However, for many years, it’s been difficult for Canadian small business owners to get their hands on the inventory they need to have successful holiday seasons. And this is because they can’t always afford to buy their products in bulk. Bulk orders aren’t exactly considered to be inexpensive.
As a result, during the latter months of the year, many retailers tend to try to negotiate deals with their suppliers. It only makes sense to do so because it’s well worth it to have the necessary inventory in the end. There’s nothing worse than disappointing customers during the holiday season. With so much competition out there, you can bet that if a customer enters your store looking for an item and you don’t have it, he/she will go elsewhere for it and not return.
What steps can be taken in order to afford buying inventory in bulk?
If the deals you work out with your suppliers aren’t good enough, you may want to partner up with another business owner in order to share the costs of the supplies. Then again, this may be hard to do – especially if you’re uninterested it making business deals with your competition. And this is why so many retailers have gone to banks in order to get loans to help them afford the inventory they need.
The problem that far too many Canadian small business owners get into, however, is that they get their loan applications denied. This could be because they don’t have good credit, they have no collateral or they haven’t come prepared with detailed business plans.
What alternatives for funding do Canadian small business owners have?
The unique merchant cash advance program offered by Synergy Merchants can provide you with the money you need within 24 hours! Because we don’t offer loans, we don’t need to do any credit checks, we don’t require collateral and detailed business plans aren’t necessary. All that is necessary is a review of your credit card and debit card sales from months past.
With the fall now here, it’s a good time to stock up inventory. And that makes it a great time to look into securing a merchant cash advance so that your business can easily afford what you need to stock your shelves. For more information about our merchant cash advance program or to speak with one of our licensed funding specialists to get a free, no obligation quote, simply call Synergy Merchants at 1-877-718-2026 or email us at email@example.com.