How to Use Crowd Funding to Purchase Inventory with Vance Lee

Does your lack of funds get in the way of launching a successful business? In this episode, Vance Lee talks about crowdfunding, its advantages, and disadvantages that could help you assess if this is right for you.Vance co-founded the Playground Theory that helps eCom entrepreneurs grow and transform their brands. Since starting Amazon FBA in 2015, he’s mastered crowdfunding and the pre-order launch strategy to launch products and grow brands. He’s raised over $7M in successful launches and broke records with 2 of his launches–both #1 Most Funded in their niches and ranking in the top 1% of crowdfunding projects of all time.Originally from Canada, now he’s a full-time nomad traveling and living in different countries around the world.[00:01 - 09:21] Opening SegmentVance talks about his e-commerce journeyThe launch of KickstarterVance shares the story of his failed product launches [09:22 - 17:39] Guide to Successful CrowdfundingWhat is CrowdfundingHow can Kickstarters help with your fundingWant some Amazon refunds? Check out GETIDAPromo code: FTM400What happens when your Amazon Ad Campaign goals are not met?[17:40 - 27:00] Grow and Scale with EaseHow to determine a market fit for a productReasons to use crowdfundingWant to try Kickstarter? Here are the things you need to prepare to get funded[27:01 - 35:34] Closing SegmentVance talks about Playground TheoryWhat crowdfunding is notThe Fire RoundQuotes “If I were to be super stubborn about my ideas of how I thought this is going to work, to be able to screen and scale this brand, I probably wouldn't be able to have all these interesting ways to explore if it's going to be more effective, or maybe equally effective, whatever it might be. Just being open-minded to challenging what you know, is going to be super important.” - Vance LeeConnect with Vance Lee on LinkedIn and check out the Playground Theory if you’d like to learn how to launch and scale your brand. Send us a voice message and let us know how we can help you fire the man! FacebookYouTubeInstagramResources MentionedGETIDABookThe Way of the Superior ManEmail us --> [email protected] Leave us a review as it really helps the show!     Ready to scale your Amazon business? Click here to book a strategy call.  https://calendly.com/firingtheman/amazon Support the show