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4 Ideas To Generate Cash For Your New Business
Many people dream of running a business, but they just plain don’t have the cash to do so. You don’t always need to have thousands of dollars to start a new business. It could be as easy as having a couple hundred bucks on hand for fliers, gas, ect. This is especially true if you’d like to start a local service business and you already have most of the equipment. For example a lawn service, or cleaning service could be terribly cheap if you already have a mower and general cleaning equipment. Even if you don’t you could get something fairly cheap on places like craigslist. Here’s a few ideas for cash generation to get you started!
- Craigslist
Craigslist is a gold mine for local work sourcing. Know how to do something like computer repair? Try finding some gigs on craigslist to get your business started. You could even use these contacts as your valuable first clients for your new business. Anything you do is moving in the right direction. If you’re having trouble getting your foot in the door offer to do some pro bono work in your spare time at first for referrals. For example, if you’re a handyman, painter, ect. you could try doing some free work for churches, schools, or other non-profits for advertising or word of mouth. This type of referral can be really powerful! Especially for a place with a large reach like churches or schools. Try to meet people there and hand out some business cards or fliers to members of the facility. (Very cheap to do!)
- Cash Advance
If you really need some cash up front to get started for things like fliers, a small bit of equipment, business cards ect. you could try a cash advance. Just make sure you can pay it back in the time allotted. The good news is you can get approved very quickly and usually without a credit check. If you need anywhere from a couple hundred to about fifteen hundred dollars it could help you out tremendously. (Try www.cashadvance.net)
- Second Job
A second job temporarily could give you a nice chunk of security cash without a lot of effort. Just make sure you don’t spend it on other stuff and you’re really saving it. Even a minimum wage-ish job can generate you $500 a month or more in your spare time. A couple months of doing that could be all you need to start up your business fund. You could make even more with a tip related job only a few hours a week if you work the busy hours.
- Garage Sale/Ebay
Got a lot of stuff hanging around? Sell it. People will buy most anything. Try ebay, garage sales, or as mentioned before craigslist to offload your stuff. Furniture? Boat? Old car? Even things that haven’t run or been useful for years are fair game for parts. I sold a wrecked car my insurance didn’t cover for a not too shabby $1300 on craigslist because the guy wanted to rebuild it. I didn’t have the skill or time to do so – so it worked out for both of us.
These are just a couple ideas and there are plenty ways to make money. The best is to pick something related to the business you want to start as it gives you a leg up. It’s very useful to know you’re going in the right direction before investing a lot of money. This is not hard to do in a lot of industries. You can even use one of the before mentioned service businesses to make money for a more investment heavy business (like a restaurant).
Originally posted 2012-05-02 03:17:53. Republished by Blog Post Promoter
