Do you have an amazing new business idea that you would like to pursue?
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.
Top 5 Social Media Marketing Tools To Grow Your Business
Social media has become an imperative part of our daily lives.
And marketers know that the best way to connect with their audiences is to go where they go. This indicates meeting and interacting with them on social channels.
Today 3.8 billion people or 45% of the global population use social media.
Below are some important statistics on the use of social media as of March, 2019.
As the use of social continues to skyrocket, so does the number of brands that use social media to get their voices heard in front of customers.
Before we move ahead and see what are some of the tools which can help you to grow your blog, let us look at a few stats.
However, we’re not all packed into a single social network. This is why businesses are segregating their attention. Remember that your audience is spread across multiple platforms.
This is the reason why businesses are splitting their focus across an ocean of social networks to keep in touch with prospects and fans.
Companies have been developing 3rd party tools and apps to assist marketers attune themselves to the challenge of engagement.
While the best social media scheduling and management tools are always changing depending on the social landscape, there are some evergreen tools that will dominate your social strategy.
Here goes the list………..
Buffer is one of the hottest scheduling tools that allows you to schedule posts across a range of social platforms. There are two options: either publish the same post on all platforms or tailor each post based on the type of platform.
Furthermore, you can use the Buffer Chrome extension to add your favorite piece of content to the Buffer queue. This results in a bit of creativity and fun to the entire process of aggregating content and sharing it. You don’t have to build a strategy on what you want to build in advance. Even then, your posts will be shared on the best times. The tool also gives you the freedom of tracking links to find out the most popular content among your readers.
Pricing: $15 a month
Sometimes when you sit down to create stellar content, you’re on fire. And at other times, it’s like pulling teeth and you’re simply thankful to have met a deadline. You cannot always guarantee success but a tool like Buzzsumo increases the odds.
Using Buzzsumo, you can find the most shared content on social media. Also, enter your own or your competitor’s domain and find what’s been socially shared. You can also use it to find the best performing keywords and trending topics which your audience might be interested in.
And if you have some funds to splash, get Buzzsumo Pro as it is a fantastic resource for competitor research.
Pricing: $99 per month
Building relationships involve identifying people who are creating relevant content and sharing it. When the same group of people notices you sharing their content, there are high chances that they’ll share yours too. The tool aggregates all the websites and blogs you follow into one place. It’s a terrific option to subscribing a whole lot of emails or checking every blog for new updates.
Within Feedly, you can use collections to organize all of the websites and blogs you follow. For instance, in your social media collection, you can follow some of the leading blogs and influencers who you know come up with terrific content.
You can log in to the software on a daily basis to check the latest articles from all your sources. Based on how the site or blog is set up, you can either read the entire post on the tool or just a part of it.
This helps you curate the best articles and share with your audience.
Pricing: $5 a month
Agorapulse is one of the best social media marketing tools on the internet.
The dashboard is pretty straightforward and simple. Switching through all your accounts is a cakewalk as they are clearly listed on the left-hand side. The entire features like inbox, publishing, monitoring and social media are located at the top of the dashboard and can be easily accessed.
One of the best features is the social media inbox since it makes it easy to check all your social media updates that require attention. It works similar to an email account.
In addition, Agorapulse also has a monitoring feature by the help of which you can see how many shares and mentions you have got across all your social media platforms. You can search for certain keywords on Twitter and monitor hashtags on Instagram.
Apart from this, Agorapulse has analytics feature too. With the help of this feature, you can see your audience engagement and important metrics. Also, with its CRM feature, you can find out who your most loyal fans and followers are. If you have a large number of followers, you can categorize them in custom tags as prospects, influencers and followers.
Price – $89 a month
The year 2018 saw a humungous growth and change in the ever-changing digital landscape. There was a massive shift from traditional content to video, which is only going to get bigger in the coming years.
Thankfully, the era of scheduling a social media campaign across each platform now things of the past. Sprout Social, an all-in-on social media management tool provides publishing, analytics, engagement, and team collaboration tools.
Instead of working and updating with each profile individually on your website, you can use the software as a one-stop location where you can manage everything linked with your social media marketing, which includes content curation, publishing, scheduling and much more.
The ultimate goal of the tool is to make it easy to manage your social profiles and find out which marketing actions you take are effective.
Pricing- $99 a month
There are a lot of outstanding tools out there, with new ones popping up time and again.
The key lies in discovering tools that ease your marketing efforts, and investing the time in getting to know them.
What are some of the social media marketing tools you’ve been using and how has been your experience with them?
What Does Blogging Teach You?
Blogging teaches you how to handle fear.
My best blogging lesson ever; blogging unearths fears for you to feel fear and for you to release fear, to serve more people and to see greater success. I wish blogging were more complex. I would sound intelligent. Alas, this blogging journey is simple, fun, freeing and in moments, highly uncomfortable.
Welcome to blogging, guys.
Take my eBook:
Literally, take it or buy it on Amazon. Share it with friends and readers, too.
Chapter 6: Ignore Useless Criticism
Some bloggers and readers offer loving, meaningful feedback from a genuine, calm, detached energy. Pay attention. This could apply or be helpful. But most readers vibe predominantly from fear so criticism offered in biting, angry, unhappy, nasty fashion does something beautiful to a new blogger: said criticism forces you to face, feel and release deep fears. Again, blogging teaches you how to handle fear because as you grow, fears arise, for feeling and releasing, to reach the next stage of your journey.
My Criticism Story and Fear
At various times, everybody in my life criticized me and some believed I was nuts, for what I did online. Some triggers in other humans, goading their criticism:
- me asking candid questions online
- sharing thought belief that disease begins within your body
- being genuinely honest with my thoughts and feelings
Being a newbie many years ago, I never faced such sharp criticism from friends, family and strangers. Deep fears bubbled in me. Sometimes I screamed at people in rage; fear. Other times I angrily made fun of critics; fear. Sometimes, I broke down and cried; fear. Every time, I learned how to handle fear through my blogging experiences. Every time, I grew through the fear-feeling and experienced more traffic and profits down the blogging road. Every time, I gained platforms to inspire more people as I developed a more intimate bond with fear. Every time, I only lived my dreams and allowed my dream life to expand because I faced, felt and released deep fears, triggered by blogging experiences.
These days, anybody I am close to, can criticize me and I smile and calmly speak to them. No deep criticism fears reside in me because I learned how to handle this fear from my decade of blogging and being an entrepreneur. Fear is an anchor that destroys your day, week or life if you allow fear to do so, unless you learn how to face, embrace and release deep fears.
Blogging: A Vehicle
Blogging can be an awesome vehicle for facing, feeling and releasing deep fears if you are willing to intimately explore fears triggered during your journey. Plus, the direct path toward greater blogging success is lined with fear. Struggles and failure are fear-fueled. Success is love, abundance, detachment, trust and fun. Feeling fear helps you arrive at fun. Blogging unearths fears every moment of some days because you are not enlightened. You are human. You live a worldly life. Fear will be there because you have attachments.
Face, embrace and release deep fears fueling your blogging struggles. Hug the fear of criticism. Dance with the fear of failure. Be with the fear of poverty. Guaranteed, the person who comes out on the other side of these fears will become one of the most successful people in your blogging niche.
Everything begins when you see blogging’s greatest lesson: how to handle fear.
How to Better Handle Blogging Obstacles
Take a breath.
Now, take a deep breath.
This, too, shall pass.
Every blogging obstacle dissolves into opportunity the moment you breathe, slow down and calm down. Nothing good happens fighting obstacles because your fighting gives attention to the obstacle, making the obstacle grow into something big and scary. But breathing deeply, feeling the fear fueling the obstacle, and letting go the fear-obstacle alerts you the transitory nature of the block, and how it passes into solution.
Better handle blogging obstacles by following a few tips.
1: Take a Deep Breath
Breathe. Take 1-5 deep, slow breaths. Breathing slows down your mind, thoughts and feelings. Slowing down everything allows you to be in the moment, to feel the fear fueling obstacles. Simple process but few bloggers take this step so obstacles appear to run wild.
Take a deep breath, now. Be aware of your thoughts and feelings. Breathing deeply and relaxing expands your awareness. Do you feel nervous now or anxious? Do you fear some obstacle related to time, and losing it? Breathing deeply allows you to be here and now, to feel fears fueling obstacles.
2: Feel the Fear
Fear fuels obstacles. What is a blogging obstacle but fear you cannot get past something? Imagine seeing the white screen of death on your blog. How would it feel? Scary? Why? You fear you cannot get past your blog being a white screen. Other fears cascade into mind; fear of losing readers, fear of losing money, fear of losing reputation, fear of being criticized.
Be with these fears. Feel the fears. You cannot solve obstacles being burdened by fear for you only see what appears to stop you, not solutions, being shackled by fear. Feel fear, release and proceed.
3: See the Opportunity
Opportunities plant themselves in obstacles. Imagine facing some pressing backoffice issue, tech-wise, blogging-wise. You received an opportunity to:
- learn more about tech, to solve the problem
- hire a web developer to solve the problem, outsourcing
- ask your readers and Facebook friends how to solve the problem, humbling yourself
Every blogging obstacle dissolves the moment you breathe deep, feel fears and relax, because opportunities arise in response to following these steps. Everything is abundance. Everything is opportunity. Fear is illusion so obstacles cannot be real.
4: Invest in a Resource
Do you always seem to be getting tripped up by blogging obstacles?
Buy my eBook:
Resources offer you complete guides to reference when times get tough. Minds race. Feelings fluctuate wildly. But breathing, feeling fear, seeing opportunities, and having a resource in your blogging library levels you out, calms you and helps you find solutions quickly.
Obstacles Are Not that Scary
Blogging obstacles are not that scary if you know to solve these mental blocks. Few bloggers put a strategy into place for handling blogging crisis so they panic, struggle and fight foolishly through resistance. Following a few steps alerts you: blogging is not so hard and facing obstacles need not be some endless nightmare creating hours, days or weeks of panic. You are a human, not a tree. Use your awareness, follow these steps and knife gracefully thru obstacles toward greater blogging success
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