Amazon.com recently started its innovative Amazon Key service. Thirty-seven major metropolitan areas within the United States now can receive packages from Amazon inside their front doors. All these Prime member customers have to do is to install smart locks equipped to provide single-use entry codes for packages to be delivered directly to their homes.
By the way, Wal-Mart has the same type of idea. In September, Walmart stated it is in the process of testing the delivery of groceries directly to a customer’s refrigerator. This will be accomplished with a smart-lock pass code and home-security cameras, thus allowing the home owner to monitor the procedure inside their home.
How is the small business owner to compete?
Zion Market Research says the following, “Globally, the market for smart-home technology is projected to grow from Twenty-four billion in 2016 to fifty-three billion in 2022, driven by uses like security monitoring, energy efficiency and remote health monitoring of an aging population.”
If you are a “ma and pa” entrepreneur you need every competitive edge available to compete against the giants. It is to your advantage that at the writing of this article (1/6/18) consumer confidence is high, as are the “economical animal spirits”.
If you own a small business that sells a viable product or service directly to consumers either through a brick and mortar presence and/or an online presence, you need to take advantage of every technology available to you to compete with the big boys. A strong cash flow environment is absolutely essential if you are to prosper.
Installment contract financing, sometimes known as consumer contract financing or retail installment contract financing will enable you to sell your consumer notes and usually within twelve to twenty-four hours receive cash to gain a competitive edge.
Let’s say for example that you are a jewelry store with a local, regional or national presence . . . or let’s say you have developed a innovative in house family fitness exercise machine that you want to sell directly to consumers over the internet.
Installment Contract Financing can enable you to accomplish the following:
~ Provide financing to your prime customers
~ Provide financing to you subprime customers
~ Immediately sell your consumer contracts(consumer receivables) for capital
This procedure is sometimes known as factoring your consumer contracts or factoring consumer receivables. It will enable to greatly improve your cash flow position and use appropriate technology to gain a competitive edge.
Call us today to see if we can offer a solution for you!
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