04/05/2018
I’m sooooo thankful 🙌🏽 & happy 😁 now that I get to share amazing experiences all around the world 🌎 with my family & friends.
It was all made possible because of my willingness to LISTEN to people who were looking to help me.
You've probably heard the saying, "You've got to spend money to make money."
And it's true, at least if your intention is to make money running your very own business.
When I decided I wanted to reduce the hours I was giving towards the path of working for someone else, and start putting my time into working for myself, I quickly realized that it would cost money to run an online business and get in front of qualified prospects who would want what I offer.
At the start, I didn't have that money.
But I was determined not to give up, and I found the ways to actually raise money.
Maybe you're in the same boat. That's why I wanted to share with you a handful of tips & ideas that I personally used for financing a new business.
1) Get out and talk to people
What I love about running my business online and from my phone is the ability to make sales without ever leaving my home, without anyone needing to know what I do, and without even needing to speak to customers myself.
I can admit that in the past I was into the old-school model of network marketing where you try to sign up your friends and family...
I can admit that the upside of making sales face-to-face is that it usually doesn't cost you any money except for maybe gas for traveling.
Shoot, sometimes all you need to do is go along to a local business networking event, start up a conversation with the right person, and you could be making a sale before you know it.
Then, you can reinvest that money back into your business!
2) Invest your pay from your day job
You're probably here reading this because you want to say goodbye to your job and start being your own boss, or maybe just reduce the hours that you put in at your day job.
When I started running my online business, I did NOT quit my job, I actually love my job, I just reduced my hours.
I loved my vision for my business so I cut back on my living expenses and put aside a set portion of my job’s income, which was $5 per day, to go straight into the business.
I've even known people who have started part-time jobs AFTER they started their business, just for the sake of financing their business.
Yes, it’s longer hours to work on the business if you don’t have the money up front, but it's super worth it.
3) Always remember your “WHY”
When you're short on capital, it can be tempting to give up on your dreams of owning your own lifestyle business. I’ve been there before.
But if you keep reminding yourself about WHY you're doing this, you'll always find a way to get the money. My WHY gave me rocket fuel. I believed so much in sharing experiences with people who were loving, affectionate, willing to share attention, trust, and value that I overcame every obstacle.
If you're doing this to help your family, for example, that desire will ALWAYS outweigh the difficulty of finding money, and you'll keep pressing forward.
4) Start a side business to finance your main business
Not all businesses are equal.
For example, I know people who sell dinky little $2 books on Amazon Kindle. The pro of that is it's a very low-cost business, and you can get started for very little capital. You can take the income you make from a business like that, and reinvest it into your main business.
But as for your main business, trust me, you want something far more robust.
I have watched one of my friends jump from business to business & I can say he’s tried more online marketing systems than just about everyone, but he shared with me his his favorite & explained why.
He said, “Think about it. If you're selling $2 Kindle books, you need to find 2,500 different customers to make $5,000. But with the running an online business with a great product, you can make up to $5,000 from just a single customer!
All you have to do is be creative and generate leads. Even if just one of your leads buys, you could potentially make more than $5,000 commission.”
He made a LOT of sense and I was like, teach me!
Comment “LISTENING” if you want me to share with you the secret of which product my friend’s clients super desire which is allowing him to make money in his online business.
Maybe it can help you as well...
The reason I became so successful is because I realized it hurts to LISTEN to a new idea and new information.
I hope the tips I shared help you live the life you desire and explode in growth!
