In episode #1195, we share several alternative (yet effective!) ways of funding your business. We give you all the details on crowdfunding, revenue-based financing, and the more traditional routes involving bank loans. Tune in to hear what you need to do to attract investors! 

TIME-STAMPED SHOW NOTES:

• [00:25] Today’s topic: Alternative Ways to Fund Your Business. 
• [00:37] Why people should consider funding and the problem with bootstrapping.
• [01:02] The need for funding even if you are Elon Musk or Jeff Bezos.
• [01:47] Thoughts on crowdfunding and the various platforms you can use. 
• [02:22] A list of the main crowdfunding platforms and how much you can raise per year. 
• [03:03] The importance of having traction before attempting to raise money. 
• [03:27] How you can raise money through revenue-based financing. 
• [04:15] The models that companies like Lighter Capital use. 
• [05:05] Getting a traditional bank or SBA loan in the US and their interest rates. 
• [05:22] What the credit card company Brex is offering in terms of credit.  
• [06:01] The importance of having a formula that is already working. 
• [06:24] That’s it for today!
• [07:02] To stay updated with events and learn more about our mastermind, go to the Marketing School site for more information.

Links Mentioned in Today’s Episode:

• Jeff Bezos on Twitter
• Elon Musk on Twitter
• PayPal
• Tesla
• Kickstarter
• Indiegogo 
• CrowdEngine 
• StartEngine
• Republic 
• Wefunder
• MicroVentures
• Lighter Capital 
• SaaStr
• Clearbanc
• Brex 
• Activision 
• Disney 

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• Twitter @neilpatel 
• Twitter @ericosiu