My Shopify Beginners Video Course: 7figfast.com/ This course is made to teach you how to properly setup your Shopify store from A-Z in 24 hours.
@theRealestBarbieD
3 жыл бұрын
Shopify Capital helped me expand and grow my e-commerce since I have to spend my own money to purchase orders / inventory
@TunedinTony
3 жыл бұрын
That’s dope! That’s the best way, when you put the money directly into your business inventory. People mess up by using it to cover bills and external needs, which leaves a gap in the business finances. Use it directly for inventory you are sure to win.
@theRealestBarbieD
3 жыл бұрын
@@TunedinTony yes most definitely. Some people are just irresponsible. I use mine for marketing and inventory expenses
@sunispretty
3 жыл бұрын
Super informative! I think this also depends on how the business uses the money right? If using all of it into inventory and marketing it could generate more sales and customers in the long run? I’ll definitely consider it since they gave me an offer too
@williamreid9343
2 жыл бұрын
I just started with Shopify. I just took out my second cash offer. This was very insightful. Thanks man! Good vibes for you and your business!
@ddeeeezzee
2 жыл бұрын
How long after paying minimum on the first loan, until they offered the second loan???
@simplyaizhan
Жыл бұрын
Amazing video, thank you for showing so much detail!
@plantmanp
9 ай бұрын
Appreciate you making this!!!
@xolaurag4327
2 жыл бұрын
Such a helpful and informative video as I just noticed that funding offer on my store this week and first thing I thought about was what happens on the days I don't have sales.
@TunedinTony
2 жыл бұрын
Glad I could help 😁
@ThatBossSina
3 жыл бұрын
Excellent video! Detailed info and concise content! Just received the email from shopify and wanted more info on the loans. This was perfect. Thank you
@SuperhumanNationTV
3 жыл бұрын
Great video bro! 👑
@TunedinTony
3 жыл бұрын
Thanks bro 😎
@BroHenry
3 жыл бұрын
This video was very informative! Thanks so much 🙏🏽!
@TunedinTony
3 жыл бұрын
No problem, glad it had some value ✊🏽
@bizgrowcapital6489
3 жыл бұрын
Hi Tony , great content, have you looked into more longer term , better cashflow and lower cost options ?
@clydetrapp3415
2 жыл бұрын
Great video! What if your site isn’t open on a daily basis? Do they still take from your account?
@TunedinTony
2 жыл бұрын
They will pull the percentage from every sale until paid back.
@clydetrapp3415
2 жыл бұрын
@@TunedinTony sorry, so you mean like every purchase? That’s crazy lol
@StainTheBrain_Lifestyle
3 жыл бұрын
I am new and loving your content brother. I am subscribed. Thanks💪🏿👊🏿👍🏾
@Wonderlaust
3 жыл бұрын
If you have low profit margins, I wouldn’t do it. If you have high profit margins, it’s a no brainer. Don’t even notice it.
@TunedinTony
3 жыл бұрын
Agreed
@MrSmellGoodt
3 жыл бұрын
Facts
@morganlilly4527
3 жыл бұрын
This was so helpful, thank you!
@TunedinTony
2 жыл бұрын
Your welcome 🙏🏽
@anascentssoapbae6851
3 жыл бұрын
If a person is struggling to get sales, would it be a good idea to take a loan (if eligible of course) for marketing ?
@KeeGotMunchies
2 ай бұрын
If you’re investing back into your business you could pull the top loan offer off.
@SullyGraceBeauty
Жыл бұрын
One question if i take $700 for 10% are they going to charge every day sales or for everyday i mean like payment?
@TunedinTony
Жыл бұрын
Yes everyday that you have sales until you remit the full balance
@SullyGraceBeauty
Жыл бұрын
Ok thanks
@jamaalspence7309
3 жыл бұрын
What if you don't have daily sales, but you do make sales pretty often like days apart what happens then with the repay?
@ThePinkMage
2 жыл бұрын
You don’t need daily sales. Let’s say you just made a sale that’s $45. Later on they make a remittance on that. So you don’t need to pay them back daily you pay them back every time you get a sale.
@itsstaceymac1172
2 жыл бұрын
Yes, what she said but they also set minimums for you to meet. Like it may say you have to pay atleast $500 every 3 months. If you don’t meet that they’ll draft from your account I believe.
@Deevine_
2 жыл бұрын
What type of ads do u run? Like what platform?
@TunedinTony
2 жыл бұрын
Just Facebook and Instagram, but e-mail list is where the money is.
@DejaDrewit
3 жыл бұрын
I was considering using this loan to pay off credit cards ive had for years because of the 1 time interest vs paying 15-20% for years and years. i calculated i would save like $10k, but paying back the shopify loan is very aggressive... i will still consider it though because it may be worth it for me.
@TunedinTony
3 жыл бұрын
It could be beneficial to you if your shopify business doesn’t have much overhead such as employees and rent.
@shabachapparel965
3 жыл бұрын
Thanks for sharing!
@stefaniekay6303
3 жыл бұрын
I just started opened my store yesterday!
@TunedinTony
3 жыл бұрын
I wish you much success
@Stopmotionchase
2 жыл бұрын
Do you know how it works if they offer you a loan while you have one open? Are you still paying 17% and they combine the amount of both loans?
@TunedinTony
2 жыл бұрын
Combine both amounts into one larger one
@amandamotacrystal10
11 ай бұрын
I need urgent help! I’m being offered 11k for the 10%. I only need 5k tops. Once I’m on my feet again which normally would be early Jan-feb , could I pay off the 11k plus 10% in full versus them continuing to take it out of my daily sales?
@julissalebron4934
5 ай бұрын
Hi do they deduct the money before it gets deposited in your bank account ? Thanks in advance!
@TunedinTony
4 ай бұрын
Yes
@iprimadonna1111
3 жыл бұрын
Great information
@TunedinTony
3 жыл бұрын
Thank you ✊🏽
@timyates8611
2 жыл бұрын
Based on taking 90 days to repay, the $1,040 extra that Shopify takes equates to 32% annual interest!
@_rin2x
2 жыл бұрын
I just got approved for my loan March 16th and paid it off today, April 5th. How long does it usually take for them to send another loan offer? Is there anything that I could do to speed up the process?
@TunedinTony
2 жыл бұрын
Congrats, you usually get another offer when you hit the 85% pay down mark. Reach out to their support if you don’t have another offer.
@_rin2x
2 жыл бұрын
@@TunedinTony I just paid it in full before I reached the 85% mark so I don’t have an offer at the moment. I will definitely reach out to the support team! Thank you for the quick response 🙏🏽
@1990greatest
2 жыл бұрын
So these are only for Ecommerse business owners?
@TunedinTony
2 жыл бұрын
Yes
@lag103
2 жыл бұрын
so if they offer me $1600 w/ 10% of daily sale until remitted $ 1728.00 ( Do you paymback just $ 1728 or it end up being more than $1728 bc I’m a little confused.) Thanks
@TunedinTony
2 жыл бұрын
Yes a total of 1728, so they are making $128 on your loan.
@lag103
2 жыл бұрын
Ok, I got a little mess up about the daily sales. 128 ain’t bad, lol.. Thanks for your quick response
@jackbrandt4582
3 жыл бұрын
What about options like clearco?
@Vtaman65
Жыл бұрын
What app are you using to get shopify sales notifications?
@TunedinTony
Жыл бұрын
The shopify app, just turned the notifications on
@Vtaman65
Жыл бұрын
@@TunedinTony Thanks. Just subscribed to your channel. Do post fb ads tutorial
@beaucoupflavasnpralines
2 жыл бұрын
If you’ve had failed Shopify capital repayments but still payed off your loan early, does that hurt your chances to get additional funding?
@TunedinTony
2 жыл бұрын
It depends how many failed payments but good thing you paid it off. If your ever waiting on a new loan and in need I suggest using clear co. Here is a video I made about that kzitem.info/news/bejne/xXpv0WR4nGlnlmk
@beaucoupflavasnpralines
2 жыл бұрын
@@TunedinTony thank you
@STOPTHECAPPLEASE
3 жыл бұрын
Should I take the 13k
@justcherylnicole
3 жыл бұрын
Do they report to credit bureaus? Like is it listed on your report as new debit?
@TunedinTony
3 жыл бұрын
No they do not report to the credit Bureaus, which is a benefit
@justcherylnicole
3 жыл бұрын
@@TunedinTony thanks so much for replying. I will be giving it a shot.
@adolfadolf
2 жыл бұрын
Thanks
@Kyxfinesse
3 жыл бұрын
How many months did it take for them to offer you the first loan?
@TunedinTony
3 жыл бұрын
I believe it’s an algorithm. So after 90 days they beginning look at your monthly sales and can make an offer based on the amount. It’s very random as well. You can also call the Shopify capital team and discuss with them.
@slimbabe8163
3 жыл бұрын
@tunedinTony I have a loan with the I took 3500 and paying 3800 back I payed 1000 back already I want to pay it off in full if I do that how long will it be before I can do another one
@soulfulmetaphysics697
7 ай бұрын
We're you able to get another quote after a manual payment was done?
@Deevine_
2 жыл бұрын
Do they calculate the 10% based off net sales or gross sales?
@TunedinTony
2 жыл бұрын
Gross
@jaronstephens4368
3 жыл бұрын
I’m looking forward to getting $50,000 capital loan. How many sales do I have to make a day? Also how long does it take to get noticed?
@TunedinTony
3 жыл бұрын
It’s based on an algorithm, so there no really exact answer. Just have to create consistent sales. I would even contact their capital team to get on the radar.
@jamesfrazier3294
3 жыл бұрын
how long does it take to be reapproved for shopify capital? I just finished my first loan.
@crissycreatesofficial
3 жыл бұрын
Chiming in since I didn’t see a reply. My first Shopify capital loan they offered a new amount after I remitted 75%. I took the second loan and now they offered me a new one after I remitted 50% of the loan.
@SDelivery09
3 жыл бұрын
What’s up Tony! Is there any way I can contact you to discuss a potential opportunity?
@TunedinTony
3 жыл бұрын
Yea hit me up on instagram ✊🏾
@smartguy7220
3 жыл бұрын
Is the loan available for someone who is just getting started with Shopify and have no recent sells?
@TunedinTony
3 жыл бұрын
Unfortunately not, they offer it after you have proven steady sales. Once you have that they will provide you an advance on cash and take money daily from your Sales until paid off.
@smartguy7220
3 жыл бұрын
@@TunedinTony Thanks for the information, I’ll take heed to that and put the necessary work in. Once again thanks for helping my brother.
@Lolybad09
3 жыл бұрын
@@TunedinTony how many loans do you have to pay off to get them to offer the 23,000 I’ve paid my 500 my 1,000 my 1,500 so when will 23,000 be next
@NaturallyRenita
2 жыл бұрын
What if I make no sales? How does it go then?
@TunedinTony
2 жыл бұрын
If you don’t make any sales they won’t offer the loan to you. If you don’t make sales after the loan you a require to pay a certain amount every 90 days.
@jaronstephens4368
3 жыл бұрын
Do i have to have a business checking account to be eligible?
@TunedinTony
3 жыл бұрын
No you don’t have to have a business checking out. Just your online store and once approved which should be quick, you will link whichever account you want funds to deposit into.
@fabulosityhair25
3 жыл бұрын
Hi. Do they ask for business registration or license details?
@skinsationalcreationsllc6844
3 жыл бұрын
No tax documents no paperwork involved. Just a click of a button.
@MissOmiJo
2 жыл бұрын
That’s any loan. This is a little misleading bc if you make zero they take zero. There’s no time line. Overall if you misuse any loan it’ll be a cash cow.
@TunedinTony
2 жыл бұрын
Good statement, so to clarify. They will only offer you a loan according to a consistent sales pattern. Most will not stop their business or switch their site to avoid paying the loan. Shopify also has your social, tax id, address, etc so if a merchant was to skate on them, I'm sure there would be some letters arriving at the house or a collection agency call. The overall goal is that they take a percentage according to your daily sales, so if you have a bad week the amount they pull will be according vs having a fixed weekly amount.
@rockou13
2 жыл бұрын
Is there a timeline when you have to pay the loan in full? What happens if there is a week if you don't sell anything?
@TunedinTony
2 жыл бұрын
That’s the best part you don’t pay. You do have quarterly minimum you have to meet though.
@plantmanp
9 ай бұрын
They want your blood work hahahahah no 🧢
@kevinpalmer5448
3 жыл бұрын
Credit check??
@TunedinTony
3 жыл бұрын
No credit check, after you have proven sales, they are simply advancing you cash for your future sales. They will debit your account automatically for the percent you choose when accepting the cash advance.
@kevinpalmer5448
3 жыл бұрын
Thanks brother I need help with ads n increasing sales I just followed u on IG @e18hteenwheeln
@deborahallen6240
2 жыл бұрын
Can they deny you after you choose a offer and submit your application?
@eromevig8120
2 жыл бұрын
Avoid interest based loans and do more charity work from your net profit. ''Allah has made interest fruitless and charity fruitful. And Allah does not like any ungrateful evildoer.'' Charity increases your money (it attracts money to you) , interest decreases it (It attracts problems into your life). You can read more about this in the Quran (100% the words of our creator Allah).
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