How to Efficiently Manage the Growth of an Inventory Based Business

"One of the things that we found to offset the cost of inventory is that we sell leads." - Roland Frasier

In this video, Roland Frasier talks to Scott Duffy about managing the growth of an inventory-based business and gives valuable advice to business owners dealing with inventory.

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Roland Frasier is co-founder and principal of three current Inc. Magazine fastest-growing companies and he has founded, scaled or sold 24 different 7 to 9 figure businesses ranging from consumer products to industrial machine manufacturing companies with adjusted sales ranging from $3 million to $337 million.

Currently growing DigitalMarketer.com, RivalBrands.com and Plattr.com while advising over 150 other companies on digitally centric customer acquisition, activation, referral, retention, and revenue strategies and plan implementation.

PULLED QUOTES from this video🎙️:

"Entrepreneurs that have inventory-based businesses, people who get really excited to go out and get that big order, the one they've always dreamed of and what they find out is, that order is the one that puts them out of business. And the reason is they have to finance that inventory and growth kills cash."

"You have to think about how can I get creative on my end in reducing the amount of capital that will be required to, as a total portion of my operating cash, be dedicated to inventory."

"Inventory financing direct from the manufacturer was, is another way that you can do it. So you basically go to the manufacturer and particularly if you're overseas you say, listen, I'll pay you a third when I placed the order. A third one it lands and a third 30 days after it sells."

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