Episode #1195
Alternative Ways to Fund Your Business
November 08, 2019

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:

Leave Some Feedback:

 

  • What should we talk about next? Please let us know in the comments below
  • Did you enjoy this episode? If so, please leave a short review.

 

Connect with Us: 

Discover Latest Episodes

Episode
Mastering Influencer Marketing: Tips and Tactics #2352
January 27, 2023

In episode #2352, the focus is on tips and tactics for mastering influencer marketing. Neil and Eric discuss the do’s and don’ts of influencer marketing and share some valuable tools that you can ...

Episode
How To Get More Newsletter Subscribers In 2023 #2351
January 26, 2023

In episode #2351, you’ll hear top tips for how to get more newsletter subscribers in 2023. If you think that email is dead, think again because email marketing is one of the most effective ways to g...

Episode
5 Evergreen SEO Tactics That Just Work #2350
January 25, 2023

In episode #2350, Neil and Eric delve into 5 evergreen SEO tactics that just work! If you want to improve your SEO rankings, this episode covers 5 tactics (plus a bonus one right at the end) that will...