Frequently Asked Questions

Once onboarded, we will be fully connected to your 3PLs and sales platforms, so we will know how many units you are shipping each month.  At the end of each month, we will look at how much you have shipped and charge you for those units.

As we simply charge you for units as you ship them, there is no fixed repayment amount each month, no interest charges ticking away and no pressure on you to have to sell a certain amount

While partnering with us, nothing prevents you raising equity from investors, taking on other forms of working capital loans, or even taking on long term debt. Our solution is completely off-balance sheet, so we can remain your inventory partner for a long time and be a long-term source of capital alongside other capital sources.

Once you have been onboarded, we will pay you for any on-hand inventory or re-imburse supplier deposits within 1-2 business days.

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We commit to funding all the inventory you need while we are working together.  How much this ends up being depends on how quickly you grow and how much stock you need.  Our “average” customer ends up needing about $200,000 of our capital over the course of our partnership.  However, we can fund up to $15 million of capital per customer.

One important way that we are different from many other working capital solutions in the market, is that our capital commitment is uncapped. When we onboard you as a customer, we will look at your forecasts and make an estimate of how much capital we think you will need – BUT this is not a fixed number built into our agreement with you – if you grow rapidly and your new marketing strategies triple your growth we are committed to keep buying as much inventory as you need to fuel your growth. We are a long-term partner, not a short-term working capital solution.

We come in as your inventory buying partner.  We commit to buying all the inventory you currently own and all the inventory needed to fuel your growth.  We then charge you for that inventory on a monthly basis, after you have sold it.

In exchange for this, we mark up the cost of your inventory, so you end up paying a bit more for it than had you bought it off your supplier yourself.  Our mark-up on your inventory depends on your products but is typically 10-15% above your supplier cost.  For example, if you normally pay your supplier $10.00 for a unit of inventory, if you partner with us, you will end up paying between $11.00 and $11.50 for it (after you have sold it!)

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We give you a Unique Fee Schedule for each SKU based on the following metrics:

· Supplier Costs

· Supplier Terms

· Lead Time

· Current Inventory Levels

· Historical Sales Velocity

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Yes! Upon signing, we will buy any sellable inventory that you have in your fulfilment centers, immediately freeing up capital for you to spend however you see fit.

We will pay you at the cost per unit that you originally paid your supplier.  We do not reimburse you for shipping, duties, or taxes.

In addition, for existing orders that have been placed with suppliers, we will reimburse you for any deposits paid on approved SKUS and will commit to funding any balance of payments due to suppliers when that order is ready to ship. If your Inventory is In-Transit, we will need to wait until it arrives at your 3PL/FBA, before we can pay you for it.

We come in as your inventory buying partner.  We commit to buying all the inventory you currently own and all the inventory needed to fuel your growth.  You tell us what amounts you want to buy and we pay your supplier directly. We then charge you for that inventory on a monthly basis, after you have sold it.

We mutually agree on a minimum inventory amount prior to signing our partnership.  Once your inventory levels fall below that amount, Forever 8 is legally bound to order more inventory for you.  You are never obligated to order more inventory at any time, hence you decide if and when to order

To place an order, you just notify Forever 8 of the SKUs and amounts you would like to order and Forever 8 raises a Purchase Order with your supplier and pays your supplier directly.

Once you have completed our online application and connected us with your selling platforms, we can typically provide you with pricing within 72 hours.  If you decide to move forward, we will have to complete onboarding, which can be as quick as a few days.  If there are delays in getting us the information we need, then the onboarding process will take longer.

All our partnerships are for a minimum of one year, but our contract is open ended and we would like to remain your partner for many years. During the course of the year, you are required to purchase all of your inventory through us (your ultimate supplier stays the same). At the end of a year, you can elect to have us stop being your intermediary supplier and sell through whatever inventory remains.

We track all your shipments for the purpose of our billing every month.  We do this by accessing your 3PL accounts and Sales Platforms, so that we can pull inventory reports at any time.

No. We can partner with businesses by funding just a sub-set of SKUs. You can add more SKUs to the ones we fund over time, if you want.

Yes. Part of the onboarding exercise involves meeting your 3PL and Supplier to explain the nature of our partnership. This is very straightforward and most suppliers and 3PLS are used to their customers having capital partners.

We understand how hard it can be to find great freight forwarders and 3PL partners, so no, we do not require you to change a thing. Aside from us being the owner of your inventory prior to sale, really very little about your business will change (except for the fact you should be out of stock less and will hopefully be growing much faster!).

We also don’t get involved in running your business at all – aside from us paying your suppliers and billing you each month, you will remain responsible for dealing with all aspects of your business, getting your stock delivered on time and any other day-to-day operations.

We are an inventory capital partner, which means we only pay for the supplier costs of your inventory. You will need to pay for all taxes, duties, and shipping costs, required to get your products sellable on your platform.

In the event you are bringing goods into the UK or EU, we will fund the VAT due on importing the goods, as the inventory is in our name. When we bill you at the end of each month for the units sold, we will be adding VAT to our bills.

We would issue you a new mark-up schedule based on the new Supplier Terms.          

Our Fee Schedule will change with your supplier costs, so if your prices go up or down, so will your mark-up.

We would need to contact your new 3PL, prior to moving the inventory, to make them aware of our relationship.

We would need to evaluate the Supplier prior to funding a new Purchase order with them.

Our core offering is Inventory Capital. However, as part of this, given we are the owners of the inventory, we will end up helping you in several ways at no extra cost, including:

· Forecasting – we have tools that help accurately forecast inventory needs and buying requirements.  You may not need our help here, which is totally fine, but if you do, then a lot of our customers find our insights and tools in this department very helpful!

· Lost Inventory – you may or may not be aware, but 3PLs / Amazon frequently ‘lose’ inventory. We appreciate that 3PLs and Amazon tools are often hard to navigate, but we are tracking your inventory every month and have gotten pretty good at figuring out where stuff has gone. A lot of our customers find this insight extremely helpful and are benefitting from being able to recoup the cost of lost stock that they previously were unaware of.

· Amazon- we have an in-house team of Amazon experts that are on-hand to help you sell more. We don’t charge for this and don’t come in and tell you how to run your business. However, if you are struggling with advertising strategies, or find your listings are getting suppressed, then we will be on-hand to help you work through these issues.

We determine eligibility by analyzing your actual business metrics, so applying for an advance with Forever 8 Fund will NOT affect your credit score.

We screen for healthy businesses for items and brands we believe can work. Our partnerships don’t require you to give personal guarantees or even security on your business, as we will be the owner of your inventory. As owner of your inventory, we are your true partner – we are taking product risk alongside you and our security is in place due to the fact that we own the inventory.

Amazon, l eBay, Walmart, and leading e-Commerce platforms (including Shopify, BigCommerce, etc.),

Firstly, we are a team of product and e-Commerce experts, so if your business is struggling then we will be on-hand to provide you as much help as you need to get back on track and help you sell through the inventory.

However, we all know business is unpredictable and, if something unforeseen has happened, then you will always have the right to simply buy the inventory back off us.  If you are unable to do so, then we will simply part ways and sell your stock directly ourselves.  If we cannot sell it, that’s our problem – we have no recourse to you or your business for unsold inventory.

We understand that selling your brand can sometimes be your ultimate goal.  If you decide to sell your brand, our Agreement will pass on to the buyer of the brand.  Alternatively, as long as you are current with you obligation to us, we will allow you to terminate our partnership after a six-month period with us for a third-party sale.

If you launch a new product that is related to your existing portfolio (new color or function), then we will likely just add it to our Agreement.  If it is an unrelated product, we would need 3 months of sales history.

If it is a platform we cover, we simply connect to that platform to monitor your sales.  If not, get in touch with us, and we should be able to find a solution!

We currently can service partners in the US, UK, & EU.           

We would invoice you as if was an online sale. Nothing changes.