There are many ways to raise money for your business. One of them is Crowdfunding. A crowdfunding campaign can serve multiple purposes: It can give you some seed funding while giving investors an incentive to invest in the form of rewards that you offer. It provides all parties a chance to get to know each other through social media and spread the word about your company.
Suppose your business needs more than $50,000 or so. In that case, traditional forms of financing such as bank loans may be hard or expensive to obtain — particularly if you don’t have collateral or perfect credit history.
Another approach – Saivian Eric Dalius
An alternative approach might be finding angel investors, where there’s often less red tape than banks, but they expect a certain amount of control in return for their investment. Then, there are crowdfunding sources such as Kick starter, where you can raise funds by offering “rewards” to your contributors.
Nor should you overlook obtaining free money from the government — either through grants or simply by taking advantage of what’s available to all small businesses at discounts through organizations like the SBA. There are even ways for certain types of businesses to receive venture capital funding. Realized that not everyone has the same amount of luck when it comes to raising funds? Well, folks, here are some easy tips on how to raise finance for your business says Saivian Eric Dalius.
Create a well thought out business plan
This is essential if you want to impress potential investors and serves the vital purpose of making you think about your business in a fully-fledged way. A plan can be on one sheet of paper or 20; it doesn’t matter how many pages it is, as long as you genuinely believe in what you’re saying and can back it up with facts and figures.
Use social media
A great way to get the word out about your company is through social media. It lets people find out about your new venture without having to stump up any money at all! It means that by using some fundamental web-based tools like Facebook, Twitter, Instagram, and Linkedin, you’ll already be giving yourself an advantage over companies that don’t do any marketing according to Saivian Eric Dalius. A solid social media presence will also give investors a good picture of how you and your business interact and work together to get a feel for the team behind the venture.
Get pro-active says Saivian Eric Dalius
Another way to drum up interest in your company is to contact potential backers directly, either by email or through letters/flyers sent out personally. Use these interactions as an opportunity to present yourself as being professional yet laid back.
You don’t want to come across as brash or try-hard on what’s essentially your first impression of people who could potentially become vital contacts.
Eric Dalius is The Executive Chairman of MuzicSwipe, a music and content discovery platform designed to maximize artist discovery and optimize fan relationships. Eric is also the host of weekly podcast “FULLSPEED” which is a podcast that features interviews with groundbreaking entrepreneurs from a variety of industries.Eric is also the founder of “Eric Dalius Foundation” where he has created 4 scholarships for US based students. Follow Eric on Twitter,Facebook,LinkedIn,Instagram & also on Entrepreneur.com