8fig’s Growth Plans are designed to support experienced e-Commerce sellers in their quest to scale rapidly and aggressively. e-Commerce is unique among businesses, capable of achieving hyper growth year-over-year in the face of constantly rising demand. Sellers who join 8fig rapidly rein in their supply chain, zero in on their unit economics and gain access to the ultimate win/win solution: virtually unlimited capital, CFO-level management and operations, all without sacrificing equity.
If you’re an e-Commerce seller on the rise, we want to know. Sign up for an 8fig account today and tell us more about your business, your products and your upcoming inventory orders -- we’d love to help you reach your goals!
8fig relies on artificial intelligence and a team of e-Commerce, risk and fintech experts to design custom Growth Plans for its clients, and ensure they are effective at achieving hyper growth in revenue, without sacrificing your equity nor your profitability. Our technology focuses on two areas:
8fig Growth Plans are designed first and foremost to ensure that the hyper growth that lies ahead does not negatively impact the business operations nor bottom line. To do this, 8fig makes use of artificial intelligence and other technology to assess the risk of each Growth Plan. This risk boils down to the cost of capital, a single figure which clearly and transparently represents 8fig’s charge for each Growth Plan.
The Cost of Capital for every Growth Plan is usually etween $6,000-$10,000 for every $100,000 included in the Growth Plan.
8fig's Growth Plans carry between 6% and 24.99% APR.
The cost of capital is calculated according to our proprietary risk models, which consider dozens of individual factors including cash flow, sales forecasting and sales history.
Participation is 8fig’s way of ensuring that sellers who work with us also share some of the risk and responsibility for their Growth Plan’s ultimate success. Usually, 8fig will ask for between 10%-20% participation overall.
In order to formulate an accurate forecast, and to assess risk, we ask that new sellers who join 8fig provide secure access to two accounts. Connecting takes 2 minutes and is done via your 8fig account.
8fig does not require sellers to provide any personal guarantees, collateral, credit check nor equity transfer.
8fig Growth Plans are designed specifically with e-Commerce sellers in mind. If you own and operate a successful online store catering to the US market, and can demonstrate 6-figure revenue (or higher) in the last 12 months period, odds are that 8fig can help you take your operations, and most importantly your revenue, to the next level.
We work with experienced private label and wholesale sellers on Amazon, Shopify, eBay, Walmart and other popular online marketplaces.
One of the first things we ask of new sellers joining 8fig, is to share their Lines. You can think of a Line as all the costs of procuring and selling one batch of product from your manufacturer, everything from the deposit cost to the logistics and marketing costs of each batch.
When viewed together, a group of Lines represents a seller’s supply chain - a central factor in designing a custom and effective Growth Plan.
Once your Lines are submitted, it can take our team between 24-72 hours to get back to you with a custom Growth Plan for review.
8fig delivers its value through a long term relationship with sellers, as they achieve their goals in a proven and sustainable way.
If you are looking for a short-term or one-time solution, 8fig is likely not right for your needs.
8fig has set out to help 10,000 e-Commerce entrepreneurs reach 8-figure revenue by 2025, but we’re working up to those stats. As we scale, we are currently only able to take on 20 new Growth Plans per month.
The long and short of it is, that we’ve been where you are. We felt that cash flow crunch on one hand, and all the inadequate growth solutions on the other. We wanted it all: access to capital, flexibility, convenience, profitability. So we created it.
As an experienced e-Commerce seller, you already know what it takes to succeed in your online store. You’re likely also aware that the growth you’ve seen thus far is the tip of the iceberg. How much could you sell if you didn’t have to constantly worry about cash flow? What kinds of opportunities would lie ahead, if money were no object? Join 8fig and start thinking big.