Entrepreneurship
From Kelvin: Q4 - Time for The Final Push!
Hi Bumpreneur!
Welcome to October, the start of the year's final quarter, and one of the best periods for business owners!
With Black Friday in November, Christmas sales in December and New Year Sales right after, Q4 is packed with so many opportunities. So I do hope you have renewed energy and drive, as it’s time for the final push to close the year strong.
Tip: If you just launched your Bumpa website, check out this video I made to help you!
For us, September was an exciting month with new updates and our quarterly Town hall with Bumpreneurs. We got great feedback on the new updates recently released which you can find here, and a lot of input into what our customers would like to see, some of which we have started working on already, so keep an eye out for that. And a massive thank you if you attended; I hope to see you at the next one!
Now, into what I’d love to share with you today.
We’ve built more features to make inventory even easier
Every single aspect of running a business is important but if I do say so myself, and with the data and feedback we’ve gotten from business owners over the years, inventory management remains one of the most important.
Inventory is tied to so many other parts of your business - how well you process orders, how much you’re making or what you have in stock or need to restock. Therefore it’s important to track, and we understand that perfectly, which is why we keep adding features to make inventory management simple for you.
Now on the Bumpa app, it goes beyond adding your products and being able to know what you have in stock and what’s deducted after each sale. You now have the Reserve Inventory feature which allows you to control how long a shopper can keep an item in their cart before it is automatically removed and added back to your inventory, making the item available for other shoppers to buy. This is especially great when you’re running a sale because it can help you prevent overselling.
You also have Product History, which shows details on every product and variation you have added to your Bumpa app.
As we continue to improve your inventory management experience, we also understand the critical role money plays in getting the right products and other parts of your business, and that brings me to the next part.
You can now apply for a loan!
After over 500 business owners indicated interest in this when we asked them during our last Town hall, I’m excited to announce our new initiative - tailored loan solutions for business owners like you. If you’re looking to expand your business, invest in new opportunities or purchase inventory in bulk, especially for the period of Black Friday, Christmas and New Year Sales. In that case, you have the opportunity to get a loan. Start by filling out the form by clicking on the button below, and we’ll contact you after reviewing your application!
Also, endeavor to complete your KYC soon!
We also recently launched KYC verification to increase security measures and prevent fraud and you must do it before 12th, November. The process is very easy; you’ll only need your BVN and NIN for Tier 1, and your CAC reg details for Tier 2. The team informed me that after the 14th, settlements will be withheld until you complete it. It’ll take less than 3 minutes, and the benefits are simply huge. Please ensure to do yours and if you run into any issues at all, reach out to the support team at support@getbumpa.com and they’ll resolve them for you immediately!
Finally, we’re still giving away amazing gifts each week!
The SABO (Support A Business Owner) challenge is still on and we’re into the 7th week, which gives you about 4 weeks to still win something amazing for your business! We’re making sure to give away gifts that are vital for business owners so please participate, and invite other business owners you know to do so as well!
Make sure to follow me @tuskgeek on Instagram for updates on how to participate. I’ll be looking out for you!
I’ll leave you with this…
It’s time for the final push! Are you pumped yet?!!
It doesn’t matter what’s happened in the year. There are 3 months left to up your game and close out the year strong! And we’re here to help you in whatever way you can.
Keep pushing, keep going and keep showing up! I’ll speak to you again next month.
From Kelvin,
CEO & Co-founder,
Bumpa.
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