Do you have an amazing new business idea that you would like to pursue?
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Awesome. But unfortunately, you’re not going to get very far if you can’t find funding for it.
You’re likely going to need at least a few thousand dollars to get things going. And it could be way more than that if you’re planning on manufacturing a product or offering a service to customers.
Funding a startup isn’t impossible, though. There are actually quite a few different options that you’ll have as far as raising capital for a startup. You just need to know where to look.
If you’re in the process of funding a startup, try one of these simple options on for size. They can provide you with the cash you need now so you can move forward.
1. Borrow Money From a Close Friend or Family Member
Do you have a close friend or family member who might be in a position to help with funding a startup? As long as you don’t need to ask for too much money, that might be a good place to start.
It’s usually not a great idea to ask family members or friends for money. It can lead to all kinds of complications down the line.
But in this particular instance, your friend or family member might actually appreciate you getting them involved. They might get excited over the opportunity to invest in your business and help you make something out of it.
The worst thing they can do is shoot you down and say no. But in the grand scheme of things, borrowing money from family members or friends and making it a point to pay them back might be the best option of all for both you and your startup.
2. Consider Launching a Crowdfunding Campaign
If you get shot down by a family member or friend or just don’t feel comfortable asking them for money, your next best bet might be going the crowdfunding route. It’s an excellent way to get the money you need and build some buzz about whatever product or service you’re going to be offering.
The concept behind crowdfunding is fairly simple. You set up an account on a crowdfunding platform, tell people how much money you would like to raise, explain what your business is, and, most importantly, offer to give people something in exchange for their money.
Most times, startups will offer to provide those who donate money to their crowdfunding campaigns with products or services before they’re available to the general public.
Crowdfunding is especially effective for funding a startup when you have an incredible product that people will want. They’ll feel passionate enough to donate money to get involved in the hopes of seeing your product succeed.
3. Approach an Angel Investor About Getting Involved
There have been more and more angel investors popping up all across the country in recent years.
Angel investors are very successful people who use their own money to help with funding a startup. In most cases, they’re billionaires who don’t mind taking chances on startups in the hopes of them blowing up and becoming million- and billion-dollar companies.
If you have a strong enough idea, attempt to set up meetings with angel investors and pitch them on your idea. They’ll usually want to take a large stake in your company in order to invest in it. But the great part about that is that, once they’re invested, they can provide you with the mentorship you’ll need to take your business to the top.
4. See If a Venture Capitalist Would Be Interested in Investing
Venture capitalists are similar to angel investors in that they’ll help with funding a startup and take a percentage of the startup for their troubles.
However, while angel investors usually only consist of one person or a very small group of people, venture capitalists are often collections of professional people willing to invest in startups.
One thing you’ll want to keep in mind when it comes to venture capitalists is that they’re typically only willing to invest in startups that are established with working capital. They’re not always interested in investing in smaller operations.
It’s obviously something you would want to think about before even spending time approaching venture capitalists.
5. Apply for a Loan
Not everyone feels comfortable selling off shares in their startup before it really gets off the ground. And that’s OK! You still have a couple other options if angel investors and venture capitalists aren’t right for you.
According to https://www.crediful.com/, If you have good credit, you might be able to take out a personal or business loan for your startup.
The loan application process can be long and arduous in many cases as most lenders want to know exactly how startups plan to spend the money they borrow. But as long as your business plan is airtight, you stand a good chance of being approved for a loan.
The Credit Review can provide you with further information on applying for loans through reputable loan matching services.
6. Turn to Credit Cards as a Last Resort
Funding a startup with credit cards is not ideal. It could actually turn out to be a big mistake. You’re going to end up paying an arm and a leg in interest fees when you opt to use credit cards.
But if you have no other options and you really believe in the business you’re starting up, credit cards can get you the money you need. They’ll also allow you to retain complete ownership of your business, which could really benefit you in a big way down the line.
Put some real thought into using credit cards for funding a startup before doing it. It’s a risky proposition, but it could be your only choice.
Spend Time Weighing All Your Options Before Funding a Startup
There are pros and cons that come with all the options for funding a startup listed here. Weigh them out and consider every option carefully before choosing the right one for you.
By going with the right option, you’ll set your startup up for both short-term and long-term success. You’ll also put yourself in a better position if you need to seek additional funding in the future.
For more useful tips like these, be sure to read more articles on how to successfully start a business, while exploring different options for funding your next big idea.
1 Mental Block that Plagued Every Blogger Who Ever Blogged
Unless you are the Dalai Lama, you, at one time or another, became highly attached to a single blog post. I do not care who you are. 8 figure bloggers allowed their fears to attach them to a blog post. 8 cent bloggers allowed fear to attach them to blog posts.
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Now, the happiest, most successful bloggers face, hug and release this fear, for sure. But every blogger allowed fear to goad them to TRY LIKE HELL to drive traffic or profits to a single blog post. Or, being human and foolish, we allow fear-attachment to goad us into thinking that publishing a guest post on a blog with a million member community instantly leads to millions of dollars in blogging profits.
I recall being featured on Virgin Dot Com. Floored and humbled, for sure, but I was kinda detached about the feature, being more grounded in love and gratitude, and less fear-attached to any single platform, post or opportunity.
Happy, successful bloggers own this fear-attachment, let it go and adopt an abundance mentality. While most bloggers publish a single post and try to SQUEEZE as much out of it as possible, due to fear and attachment, I developed an abundance mentality and published 700 posts on Blogging Tips Dot Com. Heck; I have published 70 guest posts on the blog of Enstine Muki. For most bloggers, publishing 70 guest posts in total is quite a feat. I published 770 guest posts….between 2 blogs alone.
How am I so prolific?
I have largely conquered the fear of trying to GET as much traffic and profits as possible through any single blog post. I blog from an energy of love, fun and abundance, mainly, not fear, tension and scarcity. Few bloggers have mastered this mindset; only the happiest, most detached bloggers become so prolific, it makes our heads spin.
You Are Human
Of course you become a little attached to any one blog post. This is not a problem. But you need to be honest; the attachment is fear, and as the attachment and fear grow, you move from abundance and worldly success, to scarcity and blogging struggle.
A Good Mindset for Abundance Mentality
Alonzo Pichardo wisely advises to publish content, and let it do what it does. I agree. I never check metrics. Genuinely; if blogging is energy and if I am having fun, I reached my goal. Increasing success is imminent. I trust my feelings, not inanimate numbers on a screen. This is the abundance mentality in action.
Why this Mindset Prospers
I appear to be in a million places at once because I never attachment to any one post or video. Per Alonzo, I let the content do what it does. Not being shackled by stats, I keep creating, expand my presence, appear to be all over, and see greater success. Meanwhile, most fear-scarcity bloggers write a single post and waste their time and energy:
- trying to GET as much as possible through it, promoting it in thousands of places over the next 30 days
- obsessively checking post metrics every few minutes, or, every hour, after publishing the post
- panicking and bailing on proven strategies when a single post does not meet their expectations
All while this crowd makes all these mistakes, I am publishing hundreds of pieces of content over the same month, and also, meeting tons of new bloggers through genuine blog commenting, enjoying the ride.
Publish a post, promote it in a few spots, then move on to the next post, video or blog comment.
Develop an abundance mindset.
See increased blogging success and enjoy the ride.
5 Lessons Learned from Publishing 700 Posts on Blogging Tips
We have hit 700 posts on Blogging Tips together, guys.
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Thank you for reading, commenting and sharing these posts.
I took a few mini vacations from writing but published 1 guest post daily on this rocking site for many months on end. Helping you has been fun, freeing and fulfilling. Here is to the next 700 blog posts.
I learned a few clear blogging lessons during this guest posting run. Rather than call myself “The Cal Ripken of Guest Posting” – feel free to use that – I reckon we’ll dive into the success tips.
1: Avoid Setting Goals
I never could have written 700 posts if I TRIED to write 700 posts. Sounds quite impossible. But holding an intent to help people blog goaded me to show up daily, for writing and publishing. Blogging is simple but highly uncomfortable sometimes. Focus on the process, not goals or outcomes, to have fun helping people, to detach from outcomes and to become highly prolific.
2: Follow Your Fun
I have fun blogging about blogging. I make room for fun daily. 700 posts later, I am just getting started.
Follow your fun. Make work, the reward. All else will feel like extra, meaning post frequency and traffic and profits feel like no big deal if you blog mainly to have fun helping people. Fun-loving bloggers keep on creating and connecting their way to greatness. Everybody else struggles, getting bogged down, struggling and quitting because they do not enjoy the ride.
3: Spot Reader Problems
Writing and publishing 700 posts on a single blog – I published 1,400 plus posts on Blogging From Paradise in addition to hundreds of guest posts on other blogs – requires you to be skilled at spotting reader problems. Blog post = problem solved. Expand your awareness. Instead of running around rough shod all day long, devote time and energy to identifying common problems suffered by your readers. Nailing down problems supplies you with an endless flow of blog post ideas, helping you become prolific.
Moss Clement does a sensational job in this regard, which makes him incredibly prolific.
4: Brand Yourself Clearly
Zac Johnson recently noted how much he loved my travel photos. Folks have been enjoying my eBooks and paperbacks, sales increasing no doubt because I brand my paperbacks and eBooks freely through images I use on Blogging Tips
Never ignore opportunities to brand yourself and your blog clearly.
Many years ago I rarely if ever worked my travel photos into my guest posts on this blog. These days, every featured image consists of travel photos of me, or, travel photos of my paperback, sitting in some exotic location like here in Ortahisar, Turkey.
Be you. Brand you. Brand yourself clearly to boost sales and to increase your blogging success.
5: Nudge Out of Your Comfort Zone
I do feel pretty good but tired now. At 1:45 PM Turkey time. I have worked for about 3 hours, have walked the dogs for 2 hours and feel ready for a nap, after the rare late night out, being up until 2:30 AM last night. But I nudge out of my comfort zone to write and publish this guest post. Do you believe I felt comfortable writing and publishing 700 guest posts on one blog alone over the prior 3 years? Of course not.
Success unfolds exponentially outside of your comfort zone.
All traffic, profits, comments, social shares and heck, any success, expands quickly as you nudge out of your comfort zone daily. Many days, I feared I’d not have enough time to write and publish a post on Blogging Tips. 1 short week ago I spent nearly 20 hours offline, as I traveled from Oman to Turkey during my birthday. I still managed to write a Blogging Tips post on waking the following day; all about doing fun, freeing but sometimes uncomfortable things to accelerate your blogging success.
Adopt this mindset: 1 day at a time, and 1 moment at a time. Seemingly jaw-dropping feats unfold 1 moment at a time.
3 Gateway Activities Leading to Increased Blogging Income
Most bloggers crave a blogging income boost.
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Some bloggers have yet to make a penny. Other bloggers want to take it up a few levels from their current full time income.
Foolishly, most bloggers focus their attention and energy on an income stream itself to increase blogging income. Can an advertisement make money? No. Ads are inanimate objects. Ads cannot do anything. Skilled bloggers who publish helpful content and build strong bonds make money through ads, but the ads themselves, are completely worthless.
Stop focusing on trying to make money via a specific income stream itself. People obsess over Google Adsense, affiliate marketing and other ways to make money, for increased blogging income, never realizing that the blogger makes the money, not the income stream. Stop obsessing over income and focus on simple, generous activities that lead the way to increased blogging profits. Think of a bridge, linking you to greater blogging profits. You cross the bridge through your commitment to these activities.
Specific gateway activities lead to blogging income. If you want to make more money through blogging, focus on these 3 strategies.
1: Comment Genuinely on Blogs
I commented genuinely on Blogging Tips for weeks. Zac invited me to guest post on this blog. I published nearly 700 guest posts here, boosting my blogging profits through this rocking guest posting gig. Blog commenting served as the gateway activity that bridged me to my increased blogging income. I did not get paid to comment, but genuine comments opened the door for guest posting, and guest posting increased my blogging profits.
Publish genuine, personalized comments on top blogs from your niche. Make friends. Observe how opportunities for prospering multiply around you, through both blog commenting and the bonds you build via this gateway activity.
2: Promote other Bloggers on Your Blog
Guys; this is such an easy gateway activity for boosting your blogging profits. Promote other bloggers on your blog. Look for nothing in return. Be generous. Be genuine. Be helpful.
Photo break; here I am enjoying lunch the other day in Turkey.
How it works: promote other bloggers on your blog via a link and mention. Over time, and through persistent promotion, some of these bloggers befriend you. Blogging buddies:
- promote you
- endorse you
- purchase your products
- hire you
all leading to increased blogging profits.
This is by far the easiest gateway activity for profiting IF you generously, patiently, persistently and genuinely promote other bloggers on your blog, expecting nothing in return.
If you are a travel blogger, promote The Roaming Renegades today. This duo publishes helpful content and engages freely via social media.
3: Practice Writing
Weird, right? Writing is the #1 skill for increasing your blogging income, yet few bloggers practice writing offline, only writing when publishing posts. Bad idea. Advertisers, prospective customers and potential clients need to see that you write skillfully before paying for advertising or investing in your products and services.
Write persistently offline to shine online. Write 500 to 1000 words daily in a Word document. Practice your writing to engage in a critical gateway activity guaranteed to increase your blogging income. Plus, you will stand out from the masses of bloggers who never practice writing offline.
Blogging is simple but sometimes, uncomfortable. See the journey through by focusing on these core activities. Income does not increase by trying to boost your blogging income through channels, forcing cash out of these streams. Blogging income increases for generous, skilled, committed bloggers who give much of their attention and energy to these core, gateway activities.
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