When is my Co-Op completed?
Your Co-Op is completed when your balance is paid in full and the amount funded has been paid back to the buyers. You’ll find your balance within the platform on your invoices tab. If you have a question, please email firstname.lastname@example.org....0 min reading time
Tech-Based Fulfillment: The Key to Growing a Successful E-Commerce Business
Successfully running an online business requires the right technology to make everything from your website to your order fulfillment process run smoothly. Before the rise of sophisticated technologies, working with a third-party logistics (3PL) provider consisted of manually sending orders before a cut-off time each day. Retailers today rely on tech...2 min reading time
What is the package price?
It’s important to remember that Kickfurther operates as an inventory funding platform where each Co-Op is customized to a brands specific timeline and product costs. The timeline includes the cost to produce, ship and begin selling their products(s). Products with higher costs will cause a higher package price. Another reason for a higher package p...0 min reading time
Removal of Kickfurther Withdrawal Fee
We’re thrilled to share that we will remove the 1.5% withdrawal fee for all withdrawals on Kickfurther. To meet market pressures and lower costs for brands who fund on Kickfurther, we’ve looked at areas where we can eliminate credit card processing costs. Since many Kickfurther Buyers wish to continue using credit cards, we’ve introduced Kickfurther...0 min reading time
Are there other fees during the life of my co-op I should be aware of?
There is a $500 fee applied for each occurrence of the following: Late sales reporting Late invoice payments Failure to provide a monthly update to your backers (or twice monthly if in flagged status) All late fees are assessed upon completion of the co-op....0 min reading time
What could cause my Co-Op to become flagged?
Late submission of reporting Lower than expected sales, lower than expected payments (based on the timeline you created when you designed the consignment), Later than expected completion...0 min reading time
What does Flagged Status mean?
Flagged status is a flag on the co-op that shows the co-op is off track for its linear completion and allows buyers to vote to cancel the co-op if they lose confidence in your company’s ability to successfully reach completion of the co-op....0 min reading time
How often do the buyers expect that I will provide an update or answer their questions?
You are contractually obligated to provide at least one monthly update if your Co-Op is not flagged and at least biweekly updates if your Co-Op is flagged. Buyers expect you to respond to their questions in a timely manner and provide regular updates. The more communication the better....0 min reading time
What happens if I do not complete on my contracted completion date?
Late completion fees apply to any co-op that does not complete by their contracted completion date. Late completion fees will begin to accrue the day AFTER the contracted completion date. Late completion fees are outlined in section 1.4.2 of your contract. It is important to update your backers if you know you will not complete on time to maintai...0 min reading time
What is a Co-Op?
A "Co-Op" is short for consignment opportunity, which is what we call the arrangement to fund inventory for a vetted brand....0 min reading time
How do I know which purchase method I can use to fund a Co-Op?
You can view purchase methods on the Co-Op’s overview page. You can use either a credit card or ACH/bank funds, unless otherwise noted. For ACH/bank funds, the funds must be transferred in and settled into your account prior to use. Depositing funds into your Kickfurther account from your bank account can take 3-5 days, which is the standard speed...0 min reading time
How do I adjust my upcoming payment?
You can adjust your upcoming payment by going to the “upcoming payment” tab and selecting a custom payment as shown below:...0 min reading time
New Business Dashboard Guide
Welcome to your new Kickfurther Business Dashboard guide! We have compiled the feedback from our Kickfurther business customers to create a more efficient and easy to use dashboard. View your new business dashboard here . New Dashboard Homepage Upon logging in, you will notice a streamlined dashboard homepage with a summary of your Kickfurther Co-...0 min reading time
What else can cancel my co-op?
A co-op is subject to an Affirmative Vote upon meeting certain criteria. The Affirmative Vote acts in the same manner as the No Confidence vote that is triggered once a co-op becomes flagged. A co-op is eligible for an Affirmative Vote if they meet the following triggers: In flagged status for more than 90 days Has gone more than 30 days since its ...0 min reading time
What is On Schedule versus In Compliance?
For your Co-Op to be considered O n Schedule, the payments you have submitted after each sales reporting period must meet the original sales projections set in your Co-Op. If your payments are less than your original projections, your Co-Op would be considered off schedule. If sales are less than outlined in your Co-Op timeline but you submit paymen...0 min reading time
What is Canceled by Kickfurther?
The “Canceled by Kickfurther” status on Kickfurther is a possible lifetime status of a Co-Op. Kickfurther has the option to “cancel” a Co-Op at any time. Usually, it's because a business doesn’t believe its Co-Op will fund and wants to relaunch it with new details. Possible Outcomes Sometimes the business relists their Co-Op with a shorter timeline...0 min reading time
How do I know if a Co-Op is open?
New Co-Ops always launch/go live at 5PM EST. Early Access Co-Ops can be posted any time of day, but are almost always added more than 24hrs before launch. Emails are sent when Co-Ops enter early access status and also 15 minutes before live launch. You can change your email preferences within your Kickfurther account settings dashboard. If you are ...0 min reading time
What are the two payment statuses on the invoices page and what do they mean?
Each co-op is on a linear timeline based on projected expected sales you set up during co-op design with your Account Executive. If sales fall below expectations, payments should come in at the expected payments put forth to your backers so the co-op stays on schedule (or, meeting expectations) for an on time completion. In order to keep your ...0 min reading time
Post Funding Co-op Guide For Businesses
Can I change the timeline of my co-op if my inventory or receivables is late? Once a co-op funds, the timeline that was set during co-op design cannot be changed. These are the expectations set forth to your backers when your co-op went live. If anything arises that throws off your timeline it is best to update your backers immediately so as to ma...2 min reading time
How to Link your Bank Account to Dwolla
We've transitioned to Dwolla Pay as our new ACH banking provider effective. You will need to relink your bank account in order to continue to use our ACH services. This only needs to be completed once. Please note: linking your bank account to Dwolla can take up to five business days, so you will not be able to deposit or withdrawal until your trans...1 min reading time
How to Link your Bank Account to Dwolla
Before you’re able to send or receive funds on Kickfurther’s platform, you need to link your bank account to Dwolla. Why do we use Dwolla? It allows individuals to have business and buyer accounts with linked bank accounts without any issues Significantly higher transaction allowances Is a Plaid based connection system How to link your bank accou...1 min reading time
What are my expectations now that my Co-Op is in “Goods Selling” status?
Once your Co-Op is in “goods selling” status you are required to report sales on funded products by the specified date noted on your Co-Op timeline. Based on your reported sales, an invoice is issued and you are contractually obligated to pay for these invoiced sales by the invoice due date. Businesses are also contractually obligated to update bu...0 min reading time
What is a Kickfurther Buyer?
A Kickfurther Buyer purchases inventory for a business, playing a part in online consignment. In online consignment, you own the products you helped fund until they are sold by the brand through their existing sales channels, yourself, or other Kickfurther buyers. As soon as the products you helped fund sell, you earn payments....0 min reading time
Kickfurther Buyer Updates
Here at Kickfurther, we're constantly striving to enhance our buyer experience and bring you new features and tools. Please reference this running list of website updates to stay on top of recent changes and improvements to our buyer experience on Kickfurther. Please feel free to reach out to us directly with any feedback or questions you may want t...0 min reading time
What does In Compliance mean?
For your Co-Op to be ‘In Compliance,’ you must submit your sales reporting according to your agreed upon timeline and then payment for all invoiced sales must be submitted....0 min reading time
Is there a discount if I pay back early?
There is no discount for completing your payment obligation ahead of your completion date. If it is your first Co-Op on Kickfurther, by completing your payment obligation early, you have the ability to launch another Co-Op immediately. While there is no immediate discount to early repayment, completing your Co-Op early can often help move the market...0 min reading time
My Co-Ops Reporting Page for Buyers
My Co-Ops Tab We've recently introduced a new "My Co-Ops" reporting page for Buyers on Kickfurther! Click on the highlighted icon on the left bar menu to view our new My Co-Ops feature. Next, scroll down to see a table summarizing the consignment data of your Co-Op participation to date. Please note that the Actual Payouts, Actual Duration and Bre...3 min reading time
Introducing Kickfurther's New Invoicing System and Invoice Page
We’re thrilled to launch the new Kickfurther invoicing system and invoice page! You’ll have access to an up-to-date dashboard of your invoices and payments due, enabling you to better track the progress and status of your Co-Op. With our invoice page, you can manage, submit and view your invoices, setup automatic billing, as well as review your Co-O...1 min reading time
Update to Kickfurther Badges
On Kickfurther, each Co-Op has credibility metrics that represent specific protections the business has agreed to verify or implement before the Co-Op is available for funding to the Buyers. Our Buyers can interpret these standardized protections as one way to evaluate each available funding opportunity in our marketplace. These credibility metrics ...2 min reading time
Why can't I post comments on a Co-Op I participated in?
If you are unsure why you can no longer post comments on Co-Ops you’ve participated in, please email email@example.com ....0 min reading time
How do I make a payment at any time?
Payments can be made on the platform at any time by going to your invoices tab, “due now” and using the “make payment” feature....0 min reading time
My sales are lower than expected and/or I am not keeping up with my expected timeline.
You only owe Kickfurther for the actual sales that you make, but your Co-Op may become flagged and subject to cancellation if your actual sales are less than your expected sales for any sales period. ...0 min reading time
What happens if the Consignment Inventory doesn't sell?
Kickfurther Brands are required to pay back Buyers as they sell the Consignment Inventory specified in each Co-Op according to the payment timelines. There are two scenarios for slow or no sales we’ll review here: (1) If sales of the Consignment Inventory fall behind projections causing a payment less than the expected payment to be owed; and, (2)f...1 min reading time
What does the Awaiting Payment status mean?
The “awaiting payment” status on Kickfurther means that a business has submitted a pending payment to their buyers. Kickfurther will distribute the pending payment to the contributors as soon as the payment clears in our bank account....0 min reading time
What is a Funds Free Co-Op?
A funds-free Co-Op indicates a buyer may only use bank funds already transferred into their accounts to make pack purchases. In these cases, we do not accept credit card purchases. A funds-free co-op will be indicated with an orange “funds free” banner on the platform. It is also displayed within a Co-Op’s overview page:...0 min reading time
Kickfurther Metrics Model Now Available in Co-Pilot
Kickfurther Metrics Model Now Available in Co-Pilot We recently introduced the Kickfurther Metric Model (KMM). A machine learning model that ingests various business metrics and groups businesses together based on the availability and combination of those metrics. Each Co-Op is put in 1 of the 4 KMM groups; Pro, Plus, Select, and Core. The criteri...1 min reading time
Is my Co-Op complete when I reach the target completion date?
Co-Ops reach completion after the full balance due has been submitted to Kickfurther. You can find your target completion date in your contract and within the invoice timeline This date represents the intended date of completion but a Co-Op is not complete until the total amount due is paid. The targeted completion date can differ from the actual co...0 min reading time
My ID Verification Failed
If your ID Verification failed, please send a copy of your ID image to firstname.lastname@example.org . Please ensure the image is in color, legible and shows a plain background around all four sides of the ID. A phone camera image works. Tip: For best results, place your ID on a dark background when taking the verification photo....0 min reading time
What are the different Co-Op Statuses?
While on our platform, you’ll see our Co-Ops listed as one of the following: live, early access, and funded. What is a live Co-Op? A live Co-Op is open for buyers to contribute funds to. Co-Ops go live at 5 pm EST/ 2 pm PST. Notification of launches are sent out via email. You can set your email preferences within your Kickfurther account settings...0 min reading time
The Origin Story of Kickfurther
A question that I keep getting is “Why are you doing inventory financing?” Sometimes this is phrased as “that seems to be a really boring industry to try to launch a start up in, what the hell dude?” Well, I can’t deny that it doesn’t sound very sexy, but it’s something I’m passionate about. Let me tell you why. CPG Merchandising Before I drank th...1 min reading time
What does "Canceled by Vote" mean?
If a Co-Op has been in f lagged status for more than 60 days and has passed its expected completion date and has not made any payment within the last 30 days, we administer an “affirmative vote.” This vote requires that 50% of the Co-Op’s ownership votes to affirm that the Co-Op should remain active. If the vote does not reach 50% within the specif...0 min reading time
Kickfurther Buyer FAQs
Co-Op : A "Co-Op" is short for consignment opportunity, which is what we call the arrangement to fund inventory for a vetted brand. Co-Op Overview Page : The Co-Op overview page represents a funding opportunity for a vetted brand. To view a Co-Op’s overview page, simply click on the card of the Co-Op. Kickfurther Store: The Kickfurther store is whe...1 min reading time
Total Raised vs. Total Payout
Once funding has completed on a Co-Op, you will see a total raised and total payout displayed on their overview page: Total Raised represents the total that was funded by the Kickfurther community. The Total Payout represents the total raised plus the profit margin to be paid back to participants....0 min reading time
What does Goods Selling mean?
In a Kickfurther Co-Op’s timeline, the “goods selling” status occurs when the selling period of the consigned inventory begins. On Kickfurther, payment isn’t due until a business sells their consigned inventory. We check with the business before they launch their Kickfurther Co-Op to make sure that the date listed for goods selling is realistic and...0 min reading time
Can my remaining supplier funds be used as a payback on my Co-Op?
Any available supplier funds that were not used towards purchasing inventory can be used towards fulfillment of your Co-Op obligation, as long as those funds are used as a final payment, including any fees incurred during the life of the Co-Op. Any questions, email email@example.com....0 min reading time
Why is my Credit Card being declined on Kickfurther?
There are two reasons your Credit Card could be declined: A mismatched Zip Code Please verify you typed in your billing Zip Code correctly We have a $10 minimum on our platform when using a Credit Card...0 min reading time
How to Purchase a Kickfurther Credit
You’re now able to purchase Kickfurther credits via credit cards to participate in Co-Ops. Purchasing a Kickfurther credit includes a 2.9% fee, which covers transaction costs to support credit card use. Kickfurther credit is non-refundable and can only be used on Kickfurther Co-Ops. All payouts from those Co-Ops where you’ve used Kickfurther credits...0 min reading time
What does Kickfurther consider revenue?
Kickfurther works with brands once they’ve reached at least $150,000 or more in trailing 12 months revenue. You do not need to be in business for 12 months, or have revenue in 12 consecutive months, but we review a snapshot of revenue across a period up to 12 months. As we process your application, we review your account statements to calculate you...0 min reading time
Tips to Get Funded
MM Local Foods completed a crowdfinancing opportunity already and recently successfully raised funds for a second time. MM partners with family farmers to preserve surplus produce at the height of harvest through our two brands MM Colorado and MM Pacific Northwest. Their production model helps prevent food from going to waste and helps local farmer...1 min reading time
How can I change my email address on Kickfurther?
You are unable to change your primary email address on your own on Kickfurther. In order to change your email associated with your Kickfurther account, please email firstname.lastname@example.org from your current account email address. If you do not have access to the email associated with your account, we will send a pin to the mailing address associat...0 min reading time
What does "Flagged Status" mean?
"Flagged status" is a flag that is triggered by missed reporting, slow sales or defaulting on payments owed, enabling the buyer cohort to vote on cancellation. Although it's an indication that scheduled consignment paybacks are "off track", the majority of businesses that experience flagged status still reach completion. Each participating user mu...0 min reading time
Can I change the timeline of my co-op if my inventory or receivables is late?
Once a co-op funds, the timeline that was set during co-op design cannot be changed. These are the expectations set forth to your backers when your co-op went live. If anything arises that throws off your timeline it is best to update your backers immediately so as to maintain their confidence in your co-op competing in a timely manner....0 min reading time
How to Post and Update your Co-Op
How to Communicate with your Buyers Co-Op Updates: Co-Op updates are mandatory every 30 days. Log into your Kickfurther account and click “Post an Update” to update every contributor of your Co-Op: Direct Replies : Hit the reply link to respond to a specific user within your Co-Op. Only the specific user will be notified of your comment via email...0 min reading time
What happens if my Co-Op becomes flagged?
If your Co-Op becomes flagged, the users that contributed can choose to vote to terminate the consignment via a No Confidence vote. When in flagged status, it also increases the businesses burden to provide updates to the community from monthly, to every 2 weeks. A co-op in flagged status makes a business ineligible to launch any new co-ops until th...0 min reading time
Business Post Funding Expectations
Congrats on successfully funding your Co-Op! Now what? Post a Message to your buyers: Once you fund, you should send a message to the buyers who made it possible thanking them for support and letting them know you are excited for next steps. It’s also good to make sure that you know how to use the update tool. If you’d like to offer a discount of an...1 min reading time
What does PSC mean?
PSC refers to the Percentage Sold for Completion, which is the percentage of the funded inventory the brand needs to sell for all backers to earn back their initial purchase price and profit payout. You’ll find the PSC on a Co-Op overview page....0 min reading time
Kickfurther Buyer Guidelines
What does the Inventory Available status mean?
Kickfurther checks with each business’s manufacturer before their Co-Op is launched to get an estimated shipping date for the consigned inventory. We want to be sure that each Co-Op’s schedule is accurate. Co-Ops in the “inventory available” status have provided a tracking number or bill of lading to Kickfurther as proof that their consigned inven...0 min reading time
How to Report Your Sales to Kickfurther
Once your Co-Op has been funded on Kickfurther, you’ll need to report your sales based on the timeline of your deal. Sales reporting is due to Kickfurther every two weeks during your sales timeline. How to Report Your Sales Login to your dashboard and go to “manage Co-Ops” and click “Sales Reports” . Based on what you’ve sold during the two-wee...0 min reading time
What happens if my Co-Op is canceled?
Kickfurther will send you a Termination notice. After this notice is sent within fifteen days you are obligated to do one of the following: Provide payment in full Return of the appropriate amount of funded inventory Provide a mixture of payment and return of funded inventory....0 min reading time