How To Fund My Business? – Read This…

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How To Fund My Business?

I’ve noticed three common obstacles in life that people face. It’s too much debt, not enough income, and poor credit. I am a member of Wealthy Affiliate and I come across members, more often than none, who wants to remain a WA member. They enjoy the community and its training that is offered. However, they need ways to pay for their membership.

If I were to put myself in their shoes. Having to come up with ideas on “how to fund my business?” This is what I would do. This article could help you out whether you’re inside or outside the Wealthy Affiliate community.

Today, I will cover some ways on how you can fund any business. With the hopes of helping someone out. In fact, I use some of these same suggestions myself.

Contents Close Me
1 What Can You Do To Fund Your Business?
2 If You Haven’t Started, Consider This
2.1 So What Can You Do?
3 You can Freelance:
4 Not Interested in Freelance Work?
5 Career Search Platforms
6 Side Hustles
7 Cut Cost
8 What else can you reduce?
9 My Final Thoughts
9.1 Articles That You Might Like:
9.1.1 Sharing Is Caring

What Can You Do To Fund Your Business?

Of course! The only way to bring in extra cash flow is to either get a job, have a job, or do small projects on the side. Point is you’ll need some sort of cash flow coming in. Without money, it may be a little hard to stay afloat. I am not saying you need lots of money but, you do need a little.

In some cases, you need at least $50 per month to get started with a home-based business. This $50 per month figure, comes from what I paid when I got started with my home-based business. It also included everything I needed to launch my website, from hosting to affiliate marketing training.

With that said, it brings me to you. What can you do, to keep your business going? You have worked so, hard on your business. Therefore you shouldn’t give up now.

On the other hand, maybe you haven’t even started because you’re worried about not having enough money to start a business.

You may want to read this article as well.

If You Haven’t Started, Consider This

You’ll have expenses like hosting. How will you pay for your hosting? Sure, it’s less than $4.00 per month but, that is still an expense.

Web Hosting

What if you add an email marketing service to your list? You know they say the money is in the list. Personally, I am a fan of ConvertKit. They have excellent customer service and it’s just a beautiful and easy email marketing system.

Have you thought about training? Will you have training expenses? As a business owner, it’s a must, to continue learning.

You may or may not think you need training. However, from my experience, you’ll need training.

This post includes affiliate links to products I truly recommend and trust, meaning at no extra cost to you, I may earn a small percentage.

So What Can You Do?

Here are some ideas:

You can Freelance:

Freelancing is when you work for yourself. Self-employed as you will.

Keep in mind that working for yourself. You won’t get the same benefits, as an employee would. Like health benefits, it’s not available as a self-employed person.

In addition to this, employees have a structured environment. They don’t have to worry about their deductions. What I mean by this is, you will be responsible for deducting your own taxes. Everyone has to pay Uncle Sam when it comes to earning money.

On the positive side, normally you will have the ability to set your own hours. Work, when and where you want to. Plus, if you’re running your own business none of the above could even affect you.

Where can you Freelance:

Not Interested in Freelance Work?

If you’re not interested in freelance work. That’s fine, not all people are. There are other options too. Depending on where you’re located these options might work for you

You can become a work from home employee of the following companies:

Career Search Platforms

Here are some places that you can use to have a more curated job search Monster.com or Flexjobs.com.

If you need further resources to help you land the perfect job from beginning to end. I would recommend visiting Jobscan.co.

Jobscan offers resume, cover letter, and Linkedin tips.

Side Hustles

Not freelancing, nor does working from home for name brand companies sound, exciting to you? Try this instead.

Side projects, side hustles, whatever you want to call them. We just need to make ends meet.

  • Mow Lawns
  • Babysit
  • Become a Pet sitter – I see my neighbors all the time talking about pet anything…
  • Detail Cars
  • Take Small Surveys – Read the review on Survey Savvy
  • Make DIY crafts and sell them
  • Start Selling on eBay or Amazon – Read more on (How To Sell Books On Amazon)

Cut Cost

Maybe, none of these options work for you at all. Not freelancing, nor does getting a remote job sound appealing. No, worries I still have you covered. Our last option would be to cut cost. There is no other way around it.

Simple as that, cut cost. I have learned to be very creative over the last 8 years when it comes to cutting cost. After all, I certainly consider myself a pro in this area.

Here a few ideas. That might help you come up with even more ideas.

  • Do you really need your cable bill? No, not really. You’re too busy building an empire. No time for Television.
  • If you seriously feel, like you need your cable bill, then try to get your monthly bill reduced.
  • What about your cell phone? Can you reduce your plan? Yes, it’s possible.

What else can you reduce?

  • How about your Auto Insurance? Have you checked for new rates lately?
  • Maybe, you can reduce your electricity bill. Unplug all appliances that you don’t use on regular bases. In fact, I unplug everything that is not in use at that particular time. It definitely saves me tons.
  • Are your student loans taking a massive chunk out of your paycheck? Yes, of course, it is. According to CNBC, there are over 44 million Americans collectively holding a balance of $1.5 trillion dollars in student loan debt. Sheesh..can you believe those numbers.

Check into Income-Driven Repayment Plans. This could make it a little easier. In addition to the income-driven repayment plans. There is an option for Loan and forgiveness discharge.

Depending on your personal situation or professionalism. You may be able to have your loan completely forgiven… Lucky you, Check and see if you qualify here… Loan & forgiveness Discharge. 

I do know if you’re a 100% totally and permanently disabled veteran, you should qualify.

My Final Thoughts

Now you have been given a list of a few ideas that can help you fund your business. I personally have used some of these same exact suggestions in my own business.

Now, it’s your turn. What savvy ways can you recommend to others on how to fund their business? Do you have have any questions, comments, complaints, or compliments? Chime in…I would love to hear from you.

If you would like to know how I started with my home-based business. The most cost-effective way and received hosting a free website to start with, and complete affiliate marketing training. Check this out….Wealthy Affiliate

You can also read my review about “Should I Join Wealthy Affiliate?”

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I truly hope this has helped someone. I wish you the best in all you do… and as always to your continued success…Please share this post….

Yours, Truly La’Kisha

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