Easy Ways to Raise Money to Start Your Home Business

April 16, 2006 | By | Reply More

It might seem begging, borrowing and stealing are the options you have to funding your home business. However I suggest you not go through route.

At first begging might seem like a good idea. The more pathetic you sound the better your chances of getting what your want, right? It works for three year olds usually, why not a 43 year old? It usually doesn’t work for the three year old and it certainly isn’t going to work at all for the 43 year old.

raise money

Borrowing … yes but if your credit isn’t as beautiful as you would like it to be, most banks will look at your loan application and all of a sudden you’ll think you’re a comic. Because whatever you wrote on that loan application has caused this individual reading it to get the best belly life of their life.
 
>> RELATED: Pros and Cons of Financing a Business
 
Stealing just isn’t something that is looked on too favorably in most if not all countries of the world. Depending on where you live you could have fingers and limbs cut off, you could be killed or you could spend some time in a very small cell giving you a lot of time to think that stealing probably wasn’t the best idea you’ve ever had.

There has GOT to be a better way to raising money to start your home business and me being the good news fairy that I am I’d like to tell you – you’re right! Not only is there better ways to raise money, but there are fun ways to do it too and it doesn’t have to take you all that long to raise the money you need.




Cut the Extras

To start most home businesses, it doesn’t cost a lot of money. Many home businesses can be started for under $500.00 and some can be started for much less.

One idea is to look at your current spending habits. Cable, phone/cell bills, going out to eat, daily coffee at the coffee shop. Let’s take that last example of buying a daily coffee. Most specialty coffees you’re paying on average of about $3.00 a cup. If you were to pass on that coffee five days a week for a month you will have saved $80. Do that for a few months and you could be very close to raising the money you need.

What about your cable bill? Average cable bills are $50 to $75 a month. What if you were to cut out the cable? Not only would you be saving money and reaching the goal to finance your home biz, but think of all the time you can put into your home business idea? It’s amazing the time we waste sitting in front of that little box.

Make the Money

Maybe you don’t like the idea of cutting anything out, or maybe you want to combine the above and raise the money yourself to put yourself on the fast track to getting your business started.
 
>> RELATED: 5 Strategies to Raise Capital for a Small Business
 
The goal is to raise your money in just one to three months. The sooner the better. It’s amazing what you can do for a few months if you want something bad enough.

Think about something you already know a lot about.

  • Gardening
  • Art
  • Music
  • Health/Fitness
  • Cooking
  • Finance

These are just a few ideas. Think about what you like to do and have a lot of knowledge in. Remember, just because you know a lot about this area, others will not and they would love to pay you for your knowledge.

Think about teaching a 4 week workshop on your area of expertise. Offer a Health/Fitness program. It could be geared towards women who want to be ready to wear that itsy bitsy teeny weenie yellow polka dot bikini for the summer. Create for them a work-out plan along with a healthy diet. You could meet with them as a group or individually in their home and help motivate them to reach their goals.

If you’re thumb can be described as the color of deep forest green you could think about putting in gardens and maintaining them through the summer for those people who will enjoy the fruits and vegetables of YOUR labor.

Kids are always raising money with car washing, why can’t adults? Think about offering a mobile spring cleaning car service. If cleaning is your thing you could use that same theme and offer to spring clean or organize peoples home, kitchens or closets.

If it’s around the holidays there are lights to be hung on houses (And taken down), there are homes and businesses to be decorated, parties to plan and money to be made.

Everyone is born with special gifts, talents and interests. Use them to make the money you need to get your home business off the ground.

Tell Everyone What You’re Up to

People naturally like to help each other. At least most people I don’t recommend asking any ex’s. What your about to do is not begging either. You will be talking to your friends and family in a non-whinnying, very confident manner.

Explain to them what your goal is and how you plan to reach your goal. Ask them if they would like to help you reach your goal and this is what you can do to help them. It’s a win win situation for everyone.

Whether your friends or family decide to help you reach your goal, ask them for referrals. This way you don’t EVER have to make a cold call. You can contact these people, tell them so and so said to give them a call because they might be interested in the product or service you’re offering. Again, give them your pre-practiced spiel.

Have Fun

Be sure you pick a way to make money that you naturally enjoy doing.

Once you reach the goal you ve set for yourself you will have such a renewed sense of confidence for yourself. To create for yourself a goal, and reach, is such a wonderful way to give a personal power boost of good feelings.



Liz Folger is the founder of http://www.bizymoms.com . Bizymoms.com is the leading online resource for work-from-home ideas. The site offers home-based business start-up kits, online classes, e-books, chats and enthusiastic support for moms who want to have it all a family and a career. Visit http://www.bizymoms.com for more information.

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