raise-money-doulas-150x150I am sure you have heard the saying “it takes money to make money” before, and that’s a good thing because it is absolutely true!

Some of the things that I hear most frequently from people who are trying to get started making money online is “Can I get started with no money?“, or “I never thought I would have to spend money on this!

Folks, starting a business online is just like starting a traditional brick-and-mortar business… You have to make an initial investment of at least some money, along with a lot of work, perseverance, and patience. And unfortunately, starting any business brings with it the risk that you might lose your entire investment due to factors that are beyond your control! Entrepreneurship can be cold-hearted that way sometimes.

However, the bright side to starting a business online and making it grow into a successful and profitable enterprise is that it generally requires a much, MUCH smaller investment in terms of money… You’ll still have to work hard, make intelligent choices and decisions, and you’ll still need patience, but you can get started with as little as a couple thousand dollars, (which is unheard-of in the brick-and-mortar business world).

It is exponentially easier to raise a couple thousand dollars than it is to raise a couple hundred thousand dollars, which is the bare minimum you’d have to come up with in order to establish yourself in a traditional brick-and-mortar business, (that could easily fail and cause you to lose everything).

Not only does it take much less money to start an online business, but you can run that online business without having to worry about the usual ongoing expenses that a traditional business owner must worry about, like rent, utilities, employee payroll, etc.

You can start an online business from your kitchen table with a laptop computer, with virtually no overhead to speak of, multiplying your chances of achieving success in a way that you just would not be able to find while opening a traditional business.

All you have to do is find a way to raise the initial seed money, and you will do it if being your own boss and walking away from an unsatisfying, soul-killing J-O-B is REALLY something you want and need to do.

Do you have credit cards? Instead of using them to pay for things you don’t really need and could do without, use them for seed money to start your business.

Have a checking or savings account? Ask your bank to give you a small loan using your bank account as collateral… I’ve been able to borrow up to $5,000 in the past doing this, with the added benefit that I was able to build a decent credit history when I paid the loan off.

Do you own a car that is less than 10 years old? You can get a loan using your title as collateral.

Or you could do as I did in 2007 and take a part time job on top of your regular, full-time job, in order to raise the money you need to start your business… I saved the money I made from my part-time job and used my full-time job income to pay my bills. At the end of the year I had about $6,500 saved up, and I used that money for business purposes.

There really are many avenues you can turn to in order to raise the money you need to get started, and if you are truly motivated I have no doubt that you will… Let me know when you do and I will show you the next step towards financial independence!

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Filed under: Mindset Fundamentals

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