My husband and I have a new invention that has been patented and trademarked. We have received a huge response for it since we showcased it at a Trade Show in Las Vegas last month. We have a manufacturer, and fulfillment center, a website - everything is going great.
Now we have the problem of big vendors wanting the product - but their contracts say 30 to 60 days for the payment terms. We cannot afford to ship out our product and then wait a month or longer for payment and the vendor says we must sign their contract. Is there any way for a compromise or flexibility? I do not want to be intimidated by them.
I was thinking of requiring a deposit with some sort of discount, but the big vendors are already getting our best price.
Any ideas from the professionals? We are really getting nervous about this situation.
Thank you in advance for any wisdom!