21.5 Funding Sources for Your Business

Expanding your funding sources is crucial for business growth. Funding your business is simple, not easy. True it is easy to get money when you have a traditional business. You will find it hard press to get the banks to give you a loan for your affiliate, network, direct sales, or internet marketing business.

If you are a licensed professional like a real estate agent, insurance agent, or certified financial planner good luck with traditional funding sources.

This guide will give you 21.5 ways to fund your business. Looking to raise between $500-$100k? Then this is for you. You may want to offer top-tier products and get paid higher commissions. But you don’t have the money to invest in your business to offer top-tier services. I give 21.5 ways to fund your business.

Here are 21.5 ways to Fund Your Business:

Quick Funding Sources

1. Personal Savings: The simplest way to fund your home business. You are investing your savings into a cash-flowing business that will give you mega returns. This is not spending your savings you are investing it.

2. The 3 F’s: Family, Friends, and Fools. It’s tricky borrowing money from family and friends. Especially if you have a history of starting and quitting businesses. If you have borrowed before and failed to pay it back you are up a creek. Then they are fools. There is someone out there who will give you money. I have raised over two hundred thousand dollars from friends, family, and fools.

Be sure to draw up a written agreement saying when you will pay the money back. Offer a high-interest rate so the person will not feel like a “Fool” when they are giving you their money.

3. Credit Cards: Use your credit cards to get started. This is easy when you need less than $300 to start your business and becomes difficult when you want to sell top-tier products that pay higher commissions.

Use your credit cards or someone else. This is where the 3 F’s come in again. I started my company, gave my friend 5% equity, and had her get business credit cards.

I then borrowed $5000 for my internet marketing business. It took me 18 months to pay her back but now she gets…