Alternative Ways to Fund Your Business | Ep. #1195

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 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: Neilpatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.