TIPS FOR NEWBIES WITH SMALL BUDGETS

Many of those who are new to starting a home based or internet business, often do not have much money to use for marketing, education, supplies, website fees, etc. All businesses must have some capital to work with, in order to grow the business. So, here are some tips to come up with money for your new business:

  1. Sell some things that you no longer need on ebay or other online auction site.

  2. Have a yard sale. (TIP: get together with at least 1 other person, if you can.)

  3. Credit Cards, if you can handle it (not using it for spending sprees, etc.)

  4. Sometimes you can borrow against assets, like boats, cars, etc.

  5. You can usually get a business loan if you have 2 years of success or have someone who does, co-sign.

  6. Get a part-time job, this includes work from home jobs.(TIP: Don’t allow it to interfere with your business.)

  7. Work online, doing surveys, writing, reviewing sites, editing or anything that you have some skills at.

  8. If you do arts and crafts, like jewelry making, etc., you can sell these items on etsy.com (TIP: Just make sure that you price your items high enough to earn a profit.)

  9. Some have done crowdfunding, which is a new way to raise funds through these different websites and each one is a little bit different, in how they work: kickstarter.com, Youcaring.com, GiveForward.com, Indiegogo.com, GoFundMe.com, etc.  (TIP: Go to Crowdsunite.com to compare these sites and others)

  10. Learn how to save money, through coupons, rebates, etc. (TIP: http://www.southernsavers.com is a great site to get coupon information on and you can also google, learning to coupon, couponing, etc., as there are numerous sites with helpful tips on how to save. Then, the money saved, you will set aside and use for your business.

The best thing is to remember  to think outside the box! Hopefully, this will get your thought process started and you will think of other ways to make and save money!

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2 thoughts on “TIPS FOR NEWBIES WITH SMALL BUDGETS

  1. Good basic advice Shellie. Over the course of my career I have used several of those strategies at one point or another. Thinking outside the box is the best tip of all and I always found I came up with my best ideas when I did this.

    Like

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