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ecommerce website with dropshipping- which credit did you request to pay to suppliers?

by vampiria
4 replies
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I'm about to move to united states and I want to build ecommerce sites. I want to use the method of dropshipping. I guess that I will have to pay to suppliers 160000$ a month so I will have to ask for a credit card with a big credit line. which credit line do ecommerce sites owners usually ask for? which credit lines are available in united states?
thanks!
#credit #dropshipping #ecommerce #pay #request #suppliers #website
  • Profile picture of the author dave_hermansen
    Why on earth will you have to pay suppliers $160,000 a month? Are you already doing that kind of sales volume?
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  • Profile picture of the author vampiria
    I'm plannning to sell really expensive products so $160000 a month are my
    calculations...
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  • Profile picture of the author dave_hermansen
    Well, there's no reason to require that type of credit limit day 1. Even if the products are really expensive, I'm sure you will have to build up to that. If you do that type of volume your very first month of dropshipping, you are probably setting some sort of record for online entrepreneurs!!

    FYI, most suppliers will offer "net 30" terms, which basically means you have 30 days from shipping to pay for the order. That said, they will require a credit check and/or references before extending you the credit terms.
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  • Profile picture of the author gurukid
    Amazing to hear you'll need that much credit. As far as obtaining it? If you have the cash, you can get a secured credit card for whatever you put down. For example, if you give the bank $10,000 cash, you can get a $10,000 credit line. After a few months they'll give you back the cash if you behave properly. As far as obtaining credit at $160,000.00.. I don't even think you can secure that... Good luck. Listen to dave, if you find a supplier that works on "net 30", then you're good to go (assuming you pass all credit checks), either way, good luck.
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