Yesterday I touched on a topic that they don’t usually tell you about in Amazon courses. It’s a luxury problem without a doubt but it’s still a challenge because it doesn’t have an easy solution.
For us right now it’s a challenge because we’re running out of stock in one of the top sellers and soon there will be others that will follow. If everything goes well and the sales rate continues like this (there’s still a lot of the month left) we could reach 90k in turnover. On the one hand it’s positive but on the other hand it means that in February we’ll have a significant drop in sales because we’ll probably run out of stock in many of the products.
We have to get money from under the rocks. This is the plan.
Contents
1 Convert products into money
2 Renew credit lines
3 Generate money with the agency
4 Take out a loan for one of our occupied apartments
5 Refund of VAT and advance taxes
Convert products into money
Just as we have stock that’s easy to rotate, we have another one that’s costing us more to convert into money. Specifically, we are talking albania phone number library about hundreds or possibly thousands of graded letters that in total could reach a sales turnover of more than six figures. We have to revive this dead capital so that it can be invested in products that are currently giving us oxygen.
Renew credit lines
At the end of March we have to put a credit line at 0. It will be 100,000 euros. It is money that we currently have in the bank what to do on the asiago plateau in august account but of course, it would be good to be able to invest it in new product stock. Bank financing is one more option that we have to use.
Generate money with the agency
It is curious that I say this ao lists because just yesterday I said in a meeting that I am willing to sacrifice this part to have more time available and focus on our own products and projects. I still think the same but in an ideal world we get a star client with a lot of turnover and little work. I know, I am a bit deluded but humanity feeds on hope… We will see how this goes.
Taking out a loan for one of our occupied flats
We bought an occupied flat without a loan. Right now we have a lot of money buried in the property that once we have reached an agreement and/or the legal process has ended we will be able to withdraw capital from there.
Refund of VAT and advance taxes
We have a pending correction with the tax office that could allow us to recover money of more than 100,000 euros. I put it at the end because I don’t expect it for this year. It will be a long process of 24 months.