E-commerce funding usually starts with reaching out to your class finances and then possibly reaching out to friends and family, possibly crowdfunding, a regular bank or a venture capitalist. It can seem like an endless process of finding support when you just want to run your own business. Luckily, we've found a way to get consistent cash flow for your online store without any hassle. It's called 8fig , and in this 8fig review, we explain everything, along with information about the product, cost, and potential caveats.
What is 8fig?
8fig is a company that targets the trouble that e-commerce store owners often run into when looking for ongoing funding.
They found several problems with e-commerce funding, chiefly:
It is difficult to maintain a steady flow of funds to expand your business.
More traditional funding sources lack flexibility in cash flow and repayment.
Hence, 8fig was born to provide e-commerce brands with the ongoing funding they need, while serving as a management and supply chain support solution with the flexibility to meet your business needs over time.
8fig Review: Key Features and Products
During our review of 8fig, we examine the entire registration process and the products you receive when considering 8fig for financial aid.
Essentially, 8fig is trying to answer the question: how much can you sell if you have no cash flow problems?
The purpose of this is to ensure that e-commerce businesses never run out of funds when needed, or even withdraw funds when not entirely necessary; hence 8fig's flexibility.
Therefore, 8fig offers a growth plan for email list online store owners who need capital. Additionally, there are special features and products such as financial dashboards and the ability to work with 8fig with some of the top e-commerce platforms.
The expectations are as follows:
8fig simplifies financing by offering its clients a program called a growth plan. They designed this plan to support rapid expansion as your product needs increase. 8fig claims you can get "almost unlimited" ongoing funding, but there's more.
The Growth Plan offers:
almost unlimited capital
Operations and management support (considered CFO level support)
No need to give up equity like traditional investors
The main obstacle to getting this unlimited funding is the application process. However, the demands seem reasonable, and they're meant to help promising but cash-flow-struggling brands.
Requirements for the growth plan include:
you must have an ecommerce store
Your store should be running on a similar platform like Shopify or Wix, or one of the major marketplaces like eBay, Amazon or Walmart
Income of more than $100,000 in the past year, or more than $3 per month in the past 8,500 months
8fig has a proven track record in assisting these types of businesses as long as you meet these requirements. So you have to prove these simple financial benchmarks, and we can imagine any other notable signs that will help your career as well.
Support for top e-commerce platforms
Ecommerce Platform Integration - 8fig Review
8fig works with brands that use the most popular e-commerce platforms and marketplaces because these particular places have a bright future. After all, it makes sense to partner with an e-commerce store on Amazon because it already has a great infrastructure and isn't going away anytime soon, and they also partner with independent stores on the platform, such as Shopify or BigCommerce . 8fig also works with these Platform integration to check past earnings and potential sales.
So you can rest assured that 8fig works with wholesale and private label sellers on the following e-commerce platforms: