Kickfurther is a new platform that offers small business an opportunity to accelerate their growth through crowdsourcing. Most new businesses cannot get a bank loan to start out on with modern risk/benefit evaluations. Kickfurther allows you to post your inventory needs and users can login and support you. Once items start selling, the users get a kickback of the profits. This is a win-win. Kickfurther allows people to support small local businesses while encouraging this new entrepreneurial relationship.
Kickfurther is a revolutionary company like no other. It is refreshing to see this crowdsourcing mentality shifted forward. Kickfurther helps business purchase their inventory as a substitute for high interest bank loans. Before investing in this service, be sure to thoroughly read all of their user reviews to better understand this method of funding.
Product Type: Crowdfunded Inventory Financing
Platform Type: Royalty
Category: Business & Entrepreneurship, Fashion, Games, Design & Technology
Requesters Credentials: Must have a record of production and sales
Decide for yourself if the Kickfurther.com is a Scam or Legit after reading the user reviews below
Kickfurther is a great business and a really interesting new chapter for crowdfunding. It’s certainly a risky endeavor as you are investing in very small companies. But it’s more than a normal investment – it’s also a way to support a company making a product you believe in. I usually only pick companies on Kickfurther if I think they are innovating and creating something that could fill a need and really catch on.
I came across Kickfurther today and think there is a really big idea somewhere in their premise.Very interesting, in my ecomm experience the best sellers are always in there driving the majority of business and usually is pretty organic/stable. So being able to help invest in and gain from those could be compelling.
I’m a big fan of true equity crowdfunding is that investors don’t need to bring the same skills to the table. They have funded some really awesome projects like a flying car.
Since these aren’t publicly traded companies, the only way to get involved is if you are in venture capital and have a LOT of $$. Of course there’s a ton of risk, and I’d prefer if more information was available about the companys’ cash flows. But it’s at least an interesting idea.
Just an update on Kickfurther here. My initial “test” investment (in North Coast Organics, which was offering 10% return for a 2 month loan) was just paid back early (in 1 month). I invested $100 and got back $110. Pretty flippin sweet! I’ve invested in a few others that seem worthy. I don’t like all of them, some seem a little too speculative, but many offers are for companies with unique, interesting products with an existing customer base.
This analogy doesn’t make sense to me, sorry. I produced 10% revenue off a single expenditure, it really is fairly easy. That weren’t determined by real randomly opportunity as being a lottery ticket, it had been simply because I served invest in inventory for any organization of which and then sold that inventory at a profit.