You don't need to waste money setting up your own business. With LotStocks you're bankrolling the wholesale cost of products you know and love for existing retailers.
Back the products you love and if they're successful they'll be added to your portfolio. The products in your portfolio can be traded, in the exchange, anytime you like for free.
Our retail partner stores carry your products on consignment. They handle the sales and split the profits with the you.
There's a lot of hoops and red tape to get through when starting a business. Not to mention the learning curve for getting started is incredibly steep and time consuming.
By the time you've settled on a name, created the entity, opened bank accounts, built a website, ordered stored and insured your product, it's a month later, you're thousands in the red with so many recurring membership fees it's not even funny. Running a business isn't for everyone and that's okay. So we created an environment in which anyone can instantly participate in retail commmerce without being the business owner.
Wholesale distribution in its current form puts retailers in a difficult position. At the wholesale level you must pay for the inventory up front in one way or another.
This is called inventory finance, it's basically a loan used to purchase the goods and these loans are handeled by a bank.
What this means is that most inventory on the shelves is debt that has to be repaid. As an individual, without cash flow history or significant collateral, you don't have access to this kind of funding. Retailers don't use it either because they simply don't want to take on the debt.
We work with existing retailers who want to expand their inventory without taking on debt.
Our community then helps those retailers pick out the best products.
Those retailers then carry the product on consignment.
We're 8 people strong working remotely across trello and slack like mad men to get this out there so people like you can make some money!
Hit the little chat bubble on the bottom right to give us a shout and we'll get back to you usually within the hour.
Or you can follow us on Instagram @LotStocks to keep up with the team and our latest products.