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Empower Your Store: Access Up to $20K in 60-Day Payment Terms with Open with Faire

Empower Your Store: Access Up to $20K in 60-Day Payment Terms with Open with Faire

Kickstart your retail venture with ease using Faire.com's Open with Faire program, offering new stores up to $20K in 60-day payment terms. Empower your business to secure the inventory you need without financial worry.

Edmond A
May 11, 2024

Empower Your Store: Access Up to $20K in 60-Day Payment Terms with
OPEN WITH FAIRE

Are you gearing up to launch your own retail store? Whether you're a seasoned pro or just starting out, Faire.com offers a wealth of resources and opportunities to guide you on your journey. Let's explore how Faire.com can help you navigate the complexities of launching your retail venture and pave the way for success.

Get the Inventory You Need

The OPEN WITH FAIRE program offers newly established stores access to up to $20K in payment terms spanning 60 days.

Unlock up to $20,000 to launch your fashion venture.

Securing financing and stocking shelves can be daunting tasks for new retail businesses. Faire.com understands the importance of having the right inventory to kickstart your business. That's why there Open with Faire program provides new stores with up to $20K in 60-day payment terms, empowering entrepreneurs to stock their shelves without financial worry

Q&A about Payment Terms and Open with Faire Program

Curious about payment terms and the Open with Faire program? Here are some commonly asked questions along with their answers:

What are 60-day payment terms? 60-day payment terms allow you to purchase inventory now and pay for it up to 60 days later.
How do I get a payment terms limit? During sign-up, you may receive a payment terms limit that enables you to buy inventory from any brand on Faire. As you pay off your invoices, the amounts become available again for future orders. If you exceed your limit, additional orders will be invoiced upon shipment.
To take advantage of the Open with Faire program, what do I need to do? You'll need to submit a short application to participate in the Open with Faire program and access up to $20K in payment terms for your store.
Does it cost anything to use payment terms? No, payment terms are simply another payment method for orders on Faire. This benefit functions as a line of credit and does not affect your credit score.
Will I get penalized for not using all my payment terms? There are no penalties for not utilizing all of your payment terms. If you've reached your limit but wish to purchase more using payment terms, you can pay off an invoice early or apply for an increase.
Do I need to have my store space in order to apply? If you're opening a brick-and-mortar store, it's advisable to apply for Open with Faire after securing a physical location. This increases your chances of receiving an increase in your payment terms limit. If you apply without a store space, you may be required to provide additional information.
Do I need a store space to apply for Open with Faire if I’m opening an online store or pop-up shop? No, a physical store space is not required if you're opening an online store, pop-up shop, or another type of business with a public sales channel.

Master the Fundamentals of Opening a Retail Store

Embarking on the journey of opening a retail store requires mastering the fundamentals. Faire.com offers comprehensive guides covering essential topics such as:

Laying the Groundwork: Craft a business plan that aligns with your vision for your retail store.
Securing Funding & Licenses: Understand the intricacies of funding and legal requirements crucial for any retail venture.
Finding a Retail Location: Lock in the right space to bring your vision to life.
Renovating Your Store: Transform your retail space into your dream store seamlessly.
Planning & Buying Inventory: Nail retail inventory planning and strategically stock your shelves.
Organizing Your Operations: Streamline day-to-day management with the right tools and resources.
Promoting Your Store: Set up your website and start marketing to attract customers.

Access up to $20,000 to kickstart your fashion endeavor.

Open with Faire: An Introduction

Faire.com, also known as Faire, is an online wholesale marketplace connecting retailers with independent brands and artisans. With a mission to empower small businesses, Faire offers a platform where retailers can discover unique products, streamline purchasing, and build lasting partnerships.

Unveiling the Offer: What Sets Faire Apart

Curated Selection: Discover high-quality, on-trend items across various categories.
Direct Access to Artisans: Connect directly with independent makers, fostering community and trust.
Risk-Free Buying: Try new products risk-free with the "Open with Faire" program.
Data-Driven Insights: Access valuable insights and recommendations tailored to your business needs.

Browse according to your preferred style.

Navigating the Platform: How It Works

Sign-Up: Easily create a Faire account and provide basic business information.
Discover Products: Browse through Faire’s extensive catalog and add items to your digital showroom.
Place Orders: Order products directly through the platform with flexibility.
Track Performance: Utilize tools to track order performance and optimize product selection.

Empowering Small Businesses: The Impact of Faire

Faire actively invests in the success of its retailers and makers through educational resources, community events, and financial support programs.

Conclusion: Embrace Opportunity with Faire.com

In a rapidly evolving retail landscape, Faire.com stands as a catalyst for positive change. With its unique offerings and commitment to community, Faire empowers retailers to thrive in the digital age.