How to Finance a New Online Business
How to Finance a New Online Business..
This is a great topic that could take a long time to answer. I will be honest here, there are a lot of ways…
- dig into the college fund
- sell off some old stuff on e-bay
- go to the SBA
- get a loan from a bank
- get a new business credit card
- do it on a budget
All of these are viable ways to finance a new online business. Most you may not want to do. But for me, the best way is OPM. OPM “Other People’s Money” is the best way to start a new online business. The hardest way to use OPM is to find a rich friend and wait till they kick it and hope they have included you in their will.
One of the easiest ways to use OPM is to apply for and get a business Credit Card. There are a lot of credit card offers out there these days, and you need to find the best deal for you by comparing these cards. A web site I use a lot for my credit questions, EasyCreditRepair750.com has a great page where you can select several different cards to look at and compare them so you can get the best value. Many of these cards are offering 0% financing for the first few months or even a year in some cases.
If your credit is halfway descent, 670 or above, it is quite easy to get one of these cards.
As an example, lets say you get a $10,000 credit line at 0% interest for 6 months, you would have more than enough to start your online business. It takes about $50.00 for your domain and hosting, $2000.00 for a serious online course, $2000.00 to attend a Seminar to get some hands on and networking accomplished and $5000.00 to live on for a month or two while you get your business up and running, leaving you $950 as a slush fund.
So instead of using your own money to start an online business, check into using Other Peoples Money. Visit the EasyCreditRepair750.com blog site and click on the orange tab labeled “Credit Card Comparison”
If you don’t want to go through that hassle, I have collected and reviewed two cards I used and provided you links and reviews below.
_____________
_____________
_____________
Don’t forget to sign up for the newsletter
















