Due to continued increases of flat-rolled steel costs, with additional increases expected through the end of 2021 as strong demand and a tight steel supply remain, metal conduit manufacturers have announced a 5% increase. We will hold current prices through close-of-business Friday, 10/1, and move to new pricing levels on Monday, 10/4. Please call your Merfish United representative before then to place orders at current pricing levels.
We ourselves started the NappyClub project for nine million rubles, provided by our friends. This, of course, is a serious amount, and it allowed testing more strategies at the initial stage. In most cases, friends and acquaintances are ready to lend up to a million rubles. But often this is enough to form a minimum product (MVP) and test a business model.
The undoubted advantage is that this type of investor is initially more loyal and does not require complex procedures for processing transactions, prescribing KPIs, detailed reports and presentations. The main risks are to ruin relationships with loved ones if the startup does not take off. And it can be very painful for both you and them. To be on the safe side, it is important at the very start to outline very clearly what you plan to do with the money received and what scenarios for the development of events are possible up to a complete loss of money.
How We Can Help
Merfish United’s business model – which enables wholesalers to buy a broad array of pipe products from one supplier, at low minimums for FFA – is designed for low and unpredictable volume scenarios, exactly like the one we are in right now. Call your representative now to schedule your next weekly delivery of mixed-and-matched pipe products.