You’ve got big dreams and a small budget. Your job pays the bills but you’re finally ready to take it a step further. You want to start a small business to increase your household income, and perhaps one day, become your only job. The problem is, your funds are stretched and your idea requires you to have at the very least, a few hundred dollars to get it off the ground. Fortunately, that doesn’t have to be the case. There are a lot of ways you can secure funds for your startup. Here are a few you probably never thought of.
Work a Side Gig
If you want your dream of being an entrepreneur to come true you have to work hard. Start by getting a side gig. This is a job you do in your spare time for extra cash that can be allocated to funding your startup. You have your pick of the litter on ideas too. You could deliver takeout, groceries, or packages, join a rideshare service, become a mystery shopper, walk dogs, babysit, paint, or whatever else you’re good at that can generate some cash.
One of the first ideas people think of when they need money is to borrow it. The problem is, they go to sources that either can’t help them or want to charge them a ton of money in return to do so. A better idea would be to look to short-term lenders online for cash. You could get a check advance online for several hundred dollars. There’s no credit check, you don’t need collateral, the application is done in minutes, and if approved, you get the funds within one business day.
Sometimes, the money you need to fund your startup is staring you right in the face. If you were to take a walk around your house, how many items would you find that you no longer use? These things can be resold for cash and generate more cash than you may have imagined. You can gather everything from clothes and shoes to electronics and appliances and host a yard sale. If you live in a high-traffic area and advertise well, you could make a few hundred bucks in just a few hours – and you got to clean out your house.
Another source you may not have considered when looking for funds for your startup is social media. You can create an account on a crowdfunding site where you can ask viewers to donate money towards your business. Your profile needs to display your passion, purpose, and mission so that you can really connect with your audience. Once complete, you take this link and post it on your social media page where all your followers can see the message, donate, and spread the word. If you have 100 followers and each donates $5, that’s $500 you have to use for your business – free and clear.
Starting businesses has never been as popular and accessible as it is today. If you have a dream for a great startup, don’t let something like limited funds hold you back. As you can see from above, there are several options for accumulating hundreds or even thousands of dollars in a short period of time. Using one or all of these methods will certainly help you to get enough money to take your vision to the next step.