HOW TO RAISE MONEY FOR YOUR E-COMMERCE BUSINESS

Every week we will take a deep dive into a business and share with you some of their marketing & business strategies that helped these businesses scale. However, this week we are doing something different!

In Episode 10, we discuss multiple ways on how you can raise money for your eCommerce business. Matthew Skopak will be sharing his expertise on this topic since he’s been well-versed & experienced on this topic. I’ll just be asking the questions ;).

Timestamps:

1:56 - Types of Ways To Get Funding For Your eCommerce Business
2:28 - Recommend Bootstrapping Before Anything Else (at least initially)
3:31 - Friends & Family.
5:56 - How Do Come Up With a Final Agreement & What Do You Put in it?
7:00 - Angel Investors
7:49 - How Do You Find Angel Investors?
10:56 - Crowd Funding
14:00 - Venture Capitalist
14:58 - When Should You Approach a VC?
15:58 - SBA Loans – Why It’s A Great Option During Our Current Environment
17:28 – Breakdown on Real-Life Examples
23:00 - Investors Will Ask: How Will I Get My Money Back & When? When you invest in something you need something like a liquidity event.
24:20 – Should/Can You Still Raise Money w/o generating sales?
25:52 - Example with Beauty/Skincare brands

ABOUT MATT SKOPAK:

An adventure and fitness addict with a passion for entrepreneurship and numbers. Lead Investor in Sweetberry Bowls and CFO of Sugar & Kush CBD. Rutgers MBA 2020 in Entrepreneurship & Accounting. Matt Skopak's Twitter: https://www.twitter.com/mskopak

ABOUT ME (SEAN AZARI):

In 2015, I started a creative ad agency called Breakthrough Social that has helped over 50+ businesses build their brand & increase sales mainly through content development & distribution, influencer marketing, paid media campaigns, and other developing techniques. Brands that I have worked with: Safavieh, Rugs USA, SoJo Spa Club, Muscle Maker Grill, Kat Burki, Sweetberry Bowls, & many others.

BREAKTHROUGH SOCIAL (MY CREATIVE AD AGENCY WITH CASE STUDIES) ⤵️
https://breakthrough.social

REBHORN (My eCommerce/Art Brand) ⤵️
Website: https://www.rebhorndesign.com
Instagram: https://www.instagram.com/rebhorndesign

My Other Social Channels:

INSTAGRAM: https://www.instagram.com/sean_azari/
FACEBOOK: https://www.facebook.com/azarimedia/
SNAPCHAT: https://www.snapchat.com/add/sean_azari
TWITTER: https://www.twitter.com/sean_azari