The Mars Rising Network
The factoring process can be used by anyone that has a purchase order from a seller. In order for
factoring to work for you it is necessary to follow a few simple rules and you will succeed.
#1. Have a prototype or 3D Model for molding and take photo’s of it to mail or email to buyers.
#2. A Model will look exactly like the actual product and can be the mold part to be manufactured.
#3. Make sure you have a manufacturer set up and ready to go…you do not need to manufacture anything until you receive a purchase order. This means there is no money upfront for manufacturing.
#4. Once you have the manufacturing in place and once you receive the purchase order you would send that to the factoring company. They will create an invoice and pay the manufacturer their cost. They will also pay you a small percentage while it is being manufactured and shipped.
#5. Once the seller receives the product they contact the factoring company and they pay any other expenses associated with the order. When everything is paid in full they will pay you the remaining amount less the fee they charge for their services.
This method of financing can be used on many different products. By having a 3D model you don’t have the expense of prototyping. Once the manufacturer see’s the purchase order they know you are real and they will do everything for you at that point because they know they will be paid.
Factoring companies are very willing to do business today and are offering rates very low compared to the past. This is a proven method for us and it will be for you too. It is the best alternative to finding an investor and giving too much of your idea away.
Other methods of financing are available as well. You will find more information than you thought possible in this section of the Mars Rising Network.
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