Financing 💰

Lastly, as you begin to checkout your leads, you're going to want to keep track of your profitability and logistics. In order to do this, there are various tools you can use: The first, is your profitability. I usually recommend to get Inventory labs or Seller Board. These tools will automatically keep track of what/where your profiting at. You can find these tools discounted in our partnerships channel in the peak. Secondly, for logistics, I like to use a simple Excel sheet to keep track of what's coming in and out.

Best Credit Cards

American Express Plum Card

Pros: Often times Amazon will hold your payments into a reserve, meaning it can take a few weeks to get your money. The AMEX Plum Card gives you up to 60 days to pay back your balance with NO interest. This card rewards you whenever you pay off your balance early. It also has no preset spending limit which lets you take advantage of buying items in bulk. Awesome customer support.

Cons: A bit harder to actually earn points to redeem rewards. $250 annual fee. May get hard to track when to actually pay. No sign-on bonus.

Amex Gold ~ Amex Platinum

Pros: No, this card is not cheap, but it comes with an extensive portfolio of benefits that make it well worth the investment for entrepreneurs who are always on the road: 5X points on flights and prepaid hotels on amextravel.com, access to more than 1,400 airport lounges across 140 countries, an up to $200 annual credit for incidental airline fees, plus reimbursement for the application fee for TSA Precheck or Global Entry, and automatic elite status with Marriott and Hilton hotels. You will get 120,000 reward points for just getting approved. This alone is about $1200 in flight credit. This card will allow you to rack up points to enjoy vacations. You will also get credit on dell, adobe creative solutions, and phone statements.

Cons: $695 annual fee, but this is a tax deduction for your business. Must spend $15,000 to receive sign-on points.

This is one of the best overall cards in my opinion. I personally use it for everything I buy so I will be linking my referral link for this one or the plum card in order to give you a slightly higher chance of getting approved.

Apply for an American Express Card with this link. With your new Card, you could earn a welcome bonus and your friend could earn a referral bonus. Terms Apply. https://americanexpress.com/en-us/referral/RENECoWf5?xl=cp15

Capital One Spark Green

Pros: Very good for heavy spenders, which you will be spending a fair amount of money buying products. You will earn 2% back on ANYTHING which adds up when spending thousands. $1000 sign on bonus once you spend $5000 in the first three months, and $50000 in the first 6 months (Very easy to do when spending money for Amazon). No preset spending limit.

Cons: Must pay off your balance by the end of the month. $150 annual fee. Must have a credit score of 720 or higher.

Best Bank Accounts

US Bank

Pros: Easy app and website navigation. 125 free transactions every cycle. Zelle works great on their app which many other companies struggle with. They have many local branches around the US. They have their own ATMs that have zero fees for depositing or withdrawing cash. No minimum daily balance. Overdraft fees can be voided if you add money to your account within 24hrs.

Cons: Takes about an hour or more to set up at your local branch. You can only deposit $2500 in CASH every billing cycle before you're charged a fee. Besides that, US Bank is a great option!

Wells Fargo

Pros: Easy app and website navigation. 100 free transactions every cycle. Zelle works great on their app which many other companies struggle with. They have their own ATMs that have zero fees for depositing or withdrawing cash. You can deposit up to $5000 in cash every billing cycle before getting charged a fee.

Cons: It may or may not take long to set up depending on what branch you go to. Must have a minimum of $500 daily balance. $10 monthly service fee.

Bluevine

Pros: Quick and easy to get set up. Allows you to pay potential employees through ACH deposits or payroll. No minimum daily balance. Unlimited transactions. Earn 2.0% interest on your balance up to and including $100,000 if you meet a monthly activity goal. No monthly fees. Zero monthly fees.

Cons: The main issue with Bluevine is that everything is online so no local branches or ATMs (they do offer 0 atm fees though). No Zelle integration.