If you run or work for an inventory-based business, this one's for you.
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Our Principal Owner, Roland Frasier sits down to share some useful tactics to cut costs and fulfill that first large order you receive.
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"So you've already been paid, you don't have any financing there. They'll also do inventory consignment where they'll manufacture inventory and provide it to you in your warehouse. They'll get a security interest, which is a legal thing that protects them so that they own it, but it's consigned to you in your warehouse and you don't have to pay for it until it ships. And then just getting general terms, that would be another way to do it."
"What we do is we actually sell the leads when we have somebody that first comes in before they even get to the point of buying the inventory. And so we sell those leads to other people that don't compete with us."
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