Alternative Ways To Finance Your Business

For many small businesses financing is one of the greatest challenges. When a bank will not loan you money or you do not have the cash (or a friend or family to borrow from) you need to get creative.

Below are some creative, alternative ways to finance your small business.

 

 

Alternative Ways To Finance Your Business

 

 

 

Kickstarter.com

Kickstarter is a funding platform for creative projects. Everything from films, games, and music to art, design, and technology. It works on pledges. If someone likes your idea they will donate/pledge money to fund your product/business.

Pledges start at $1.00. Each idea has tiers of rewards for pledges. For example at $1.00 you may get you name featured on the project’s website but at $100.00 you may get a signed copy of the board game (or whatever the project is).

I have to warn you – Kickstarter is completely addictive. I love checking out the new projects. The creativity of some people amazes me.

 

fiverr.com

fiverr is a fun website where people offer up intangible items up for $5.00 (a fiverr – get it?!) Fiverr is a great way to make a bit of extra money. Pick a skill that you excel at and plan “upsells” that make this income source quickly become viable.

Some of the current projects include; drawing a doodle, video taping a puppet saying any message you want, putting a message on a car during a morning commute and giving business advice.

 

Barter

Let’s go low-tech for a moment. Bartering has been around forever (and I say that earnestly not in a ‘well a really long time’ kind of way). For those who do not know bartering is the exchange of product/service without money changing hands.

It is a great way to get something you want without having to pay for it. This past summer I bartered a new in box tablet (one I was gifted but would not use) for tattoos for my husband and I. Tattoos may not be your thing but maybe you need a website made or someone to watch your kids for a few hours while you work.

Do you have any alternative ways to finance your business I missed? Please comment below.

 

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One Response

  1. business loans December 19, 2012

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