I recently surveyed my subscriber base and hands down the most common element holding people back from building an online business and living their dream lifestyle is…
I hear things like…
I don’t have the money.
I’m on retirement
I wish I could but I don’t have the funds to start a business.
I’m going to call you out in this blog post and tell you right now money is never an issue. I’ve listed 27 ways to come up with money to fund your online businesss so you can start living your life by your own design.
I remember when I first got started I barely had enough to purchase a $40 course, but I’m glad I did because it put me on a path to freedom.
Some of these may be so obvious it’s almost insulting while others may spark some ideas. The purpose of this post is to show you that with the right motivation anything is possible and you should never let money dictate your life and where you want to be!
“Never stand begging for that which you have the power to earn.” Miguel de Cervantes
Savings and Checking
This one seems obvious, but so many people can tap into their savings and checking accounts and come up with the funds to start their online business.
Don’t have the money? Apply for a credit card. Even if you have crap credit you can tap into other peoples money and use the credit card strictly for investing in your home business. Not to by a new flat screen tv or the latest coach purse!
Borrow From Your 401K
Tap into your 401K and use that as a start up cash. Remember the money you borrow is a tax deduction for starting a business.
Friends and Family
Pick up the phone and dial for dollars. Call up your family and friends, let them know how excited you are to start a business and you need some start up capital. If they see your enthusiasm they will lend you the money.
Borrow From Your Life Insurance
Some insurance policies allow you to borrow from the principal. Look into the terms and see what kind of offer you can get.
Tap Into Your IRA
Same as above. Borrow the money against your IRA to fund your startup. Again keep in mind a lot of these can all be tax deducted.
Grab A Home Equity Line Of Credit
Borrow against your home. Starting business if done right can pay you over and over again and using your home can create the cash flow you need to get the ball rolling.
Small Business And Personal Loans
Similar to getting credit card you can apply for small business loans or personal loans and usually get the money within a few days for your startup.
Create Money By Adding Value
This is powerful and exactly what I teach my students. You can create 2-4 minute videos or blog posts like this one that add value and make an offer. When people buy from your links you earn commissions. You can actually create money from thin air!
Sell Your Stuff On Craigslist
Take a look around your house… I guarantee you have stuff you can post on Craigslist and cash in. I had a guy sell his guitar to get started in his online business!
Sell Other People’s Stuff On Craigslist
Don’t want to sell your stuff, call your friends and see if they have stuff them want to get rid of and sell that. Or visit yard sales make an offer and then flip them on Ebay or Craigslist.
This is similar to the one above. You can hit up flea markets, and yard sales to find killer deals. Then post them on Craigslist and start selling other peoples junk!
Clear out your house while making some money all at the same time. You can easily make money having yard sale.
Ditch Your Ride
Sell your car? Really? Yeah… How bad do you want to start your own business and have the freedom you keep dreaming about? Ditch your ride make some money and free up a lot of monthly bills.
Sell Your Jewelry
You may have ton’s of jewelry you never wear anymore. Let’s sell it and use it as cash flow to start your online business.
Sell Your Body – Serious?
WARNING: I personally wouldn’t do this, but eggs, sperm and even blood can get you some quick cash. Upwards to $4,000.
I’m by no means recommending this one, but yeah it works.
Watch Pets & Kids & Homes
I bet you have friends and family right now that want to take a vacation and would love to have you watch their pets, or house. Maybe the just want to go out for a night on the town and you can watch their kids. Cha Ching!
Ravage Your Home
You know that coin jar you have stashed away… Go and cash it in!
Return Goods Just Collecting Dust
I had a donut maker literally in my closet for years in the box brand new. I know you have stuff like that too you can return and cash in.
Recycle Scrap Metal
If you know where to look you can make good money recycling scrap metal. They weigh it and cut you out the cash.
Uber is becoming more and more popular and you can earn up to $35 per hour just by driving people around in your spare time.
Get a Part Time Gig
Get a job. I would recommend waiting tables, bartending or anything in the service industry. The ability to write your own schedule along with getting paid cash daily could quickly fund your business.
Rent Out a Room In Your House
Got an extra room? Rent it out and create cash flow property.
Rent Out Your Parking Spot
Same as above. If parking is tight where you live you can rent out your parkings spot.
Take your valuables to the pawn shop and trade it for cash on the spot.
There’s sites like gofundme.com that if you have a good pitch people will invest in your idea giving you money.
After all those ideas, you have no excuse why money is an issue.
What does it cost to start a business?
The cost of starting a business varies on the type of business you are looking to start.
I teach my students how to start an online business for less than you think. Theres’ some tools and adverstising you are going to need to invest in of course. My online business allows you to get your foot in the door for a small investment of $47 bucks.
That will get you access to the basic platform. Inside you’ll be taught how to make it work and what tools you’ll need and that will require further investment… how much depends on your business goals and your level of commitment.
I can share with you that those that get started here and simply follow our exact instructions to get setup, invest in their business, and take massive action… are the ones that achieve success.
Whatever business you’re starting, online or offline… take it seriously, treat it like a business… a profession… and you’ll likely get professional results.
Did you get value from this post? Feel free to share this and leave a comment below and let me know your favorite way to come up with cash for your startup?