We met Pat back in 2016 at a War Room mastermind event, a few years after Joe and I launched our first successful digital-based business — offering funding, training programs, and various types of software to real estate investors. We actually created and got to live the 4-Hour Workweek!
You see, I had spent the previous 15 years working in financial services, and finally decided it was time to learn and master online marketing in order to automate and scale our lead generation efforts. My brother Joe joined me to handle all the backend operations. It worked pretty well.
In fact, we even got ourselves some of that funding we were offering to our clients — $120,000 in business credit to be exact, and it was a game-changer that allowed us to fund our payroll, technology, education, travel, and more.
Being a subject matter expert is good, but being your own customer is even better, and more credible.
It’s pretty amazing what happens with you surround yourself with the most successful people in your industry. The experience is also surreal when your business heroes become your mentors, and eventually friends.
By the way, if you’re at all tied into the digital marketing community (which you should be, as an e-commerce entrepreneur), you may recognize some of these influencers we’re pictured with below.
Pictured Below: (Ryan Deiss, Me/Dan Kalis, Roland Frasier, Perry Belcher, Joe Kalis)
Pictured Below: (Joe Kalis, Frank Kern, Me/Dan Kalis)
But business events and mastermind are not all about meeting the “celebrities” of your industry. The most important relationships are those with other entrepreneurs and professionals who are making things happen in all sort of industries, at all different phases, all over the world.
“Your network is your net worth.”
That statement is certainly true if you nurture those relationships properly and consistently, as we apparently did with this particular mastermind pal.
Pat’s a tall, quiet, ruggedly handsome guy who runs a 7-figure digital-based business, selling both physical and information products to high-performance athletes. But I had no idea what he did until recently because he mostly kept to himself at these events. Yes, that guy.
Apparently he was paying closer attention to the training than most of the attendees, and applying the newfound knowledge to his business immediately because he is prospering abundantly today.
But, despite producing more than $1 million per year in revenue with pretty high profit margins, like many growth-oriented business owners, Pat recently found himself with a number of cashflow bottlenecks that prevented him from being able to carry out his ambitious expansion plans.
- A new facility build-out
- Hiring additional staff
- Scaling up his already successful marketing and advertising campaigns
I often compare working capital (cash used to handle day-day-operations and take advantage of new and immediate opportunities) to oxygen. Not having enough of it feels like commercial suffocation.
Can you relate? Have you ever felt like you just needed a little more “breathing room” in your business or even oxygen to fuel a (positive) fire to grow your company?
Because Pat lacked the type of physical collateral that his local bank required, they had no loan options for him. His personal credit was even strong, yet he was turned down. Unfortunate, but very common.
Most traditional local bankers just don’t understand digital-based businesses — and as they say, a confused mind always defaults to “NO.”
Thankfully, Pat saw one of our Facebook posts about funding and working capital for eCommerce business owners, and after not having seen or spoken to each other in about three years, reached out to me on Facebook Messenger.
Fast forward a few days and Pat was approved for not one, but two different funding programs:
- Term loan of $75,000
- Line of credit for $65,000 (slightly more than stated in the headline)
He gladly accepted both offers and was wired all of his funds within 48 hours of his online application (which only took 15 minutes to complete).
All that within a few days, without leaving his office, pledging collateral, supplying tons of financial documentation (just a few months bank statements and a couple online authorizations), or having to jump through a myriad of administrative hoops.
Do you have any cashflow bottlenecks or immediate growth opportunities that could benefit from an extra $20,000, $50,000, even $100,000 (or much more) in the next few days?
We’d love to help you like we helped Pat, ourselves, and many others!
Our process is simple:
- Complete our online inquiry form (3 minutes)
- Speak with us by phone to find out your available options (15 minutes)
- Complete a full online application (15 minutes)
- Review all available funding decisions and offers by email or phone (10 minutes)
- Finalize online authorizations, agreements, and any other documentation required
- Receive a wire transfer of your funds