You’ve probably heard the saying, “You’ve got to spend money to make money.”
And it’s true, at least if your intention is to make money through your own business.
When I decided I wanted to give up the path of working for someone else and start working for myself, I quickly realized that it would cost money to place ads online and get qualified prospects in front of my offers.
At the start, I didn’t have that money.
But I was determined not to give up, and I found the ways to raise that money.
Maybe you’re in the same boat. That’s why I wanted to share with you a handful of tips and ideas for financing a new business.
1) Get out and talk to people
What I love about internet marketing is the ability to make sales without ever leaving my home, without anyone needing to know what I do, and without even needing to speak to customers myself.
I was never into the old-school model of network marketing where you try to sign up your friends and family…
But the upside of making sales face-to-face is it doesn’t cost you any money on advertising.
Sometimes, all you need to do is go along to a local business networking event, start up a conversation with the right person, and you could be making a sale before you know it.
Then, you can reinvest that money back into your online marketing…
2) Invest your pay from your day job
You’re probably here reading this because you want to say goodbye to your job and start being your own boss.
So was I, when I started. But I didn’t quit my job immediately.
I kept going, just for the sake of raising money for my business. I cut back on my living expenses and put aside a set portion of my job income to go straight into the business.
I’ve even known people who have started part-time jobs AFTER they started their business, just for the sake of financing the business.
It’s longer hours to work, yes, but it’s worth it.
3) Remember your why
When you’re short on capital, it can be tempting to give up on your dreams of owning your own lifestyle business.
But if you keep reminding yourself about WHY you’re doing this, you’ll always find a way to get the money.
If you’re doing this to help your family, for example, that desire will ALWAYS outweigh the difficulty of finding money, and you’ll keep pressing forward.
4) Start a side business to finance your main business
Not all online marketing businesses are equal.
For example, I know people who sell dinky little $2 books on Amazon Kindle. The proof that is it’s a low-cost business, and you can get started for very little capital. You can take the income you make from a business like that and reinvest it into your main business.
But as for your main business, you want something far more robust.
Just ask Ewen Chia. He’s tried more online marketing systems than just about everyone, but his favorite is the Borderless Income System.
Think about it. If you’re selling $2 Kindle books, you need to find 10,000 different customers to make $20,000.
But with the Borderless Income System, you can make up to $20,000 from just a single customer!
All you have to do is place ads online to generate leads. Even if just one of your leads buys, you could potentially make a $20,000 commission.
Click here to get all the details about the Borderless Income System.