When most people start a great home business, many Entrepreneurs do NOT use their own money. If they did, they might be taking it out of the cookie jar, or out from under their mattress.
Most people, when starting a Great Home Business Venture, use someone else’s money.
That’s what we do when we use our credit card, home equity line of credit, or borrow the funds from a friend. It should be no different with joining any great home business opportunity.
But there is one big difference…and this is always a strong motivation … the costs involved in starting a great home business are TAX DEDUCTIBLE!
So let’s look at some of the ways that people can get started with little or no money of their own. Some people who started in these creative ways are now earning a multiple six-figure income! It all started with a burning desire to do what it takes…
1) Sign-Up with your Credit Card. That is how many start but if you don’t have one, you’ll have to apply for and receive the card first! This is the best option because it gives you 30 days to recoup your investment and you will immediately be able to conduct your great home business
2) Some great home businesses may offer private Monthly Payment Plans. They are Interest free and there is no credit check needed! These are monthly financing plans where you can begin to market your great home business immediately and receive all of the training & support that’s in place for you, while paying your start up cost in the following monthly installments: (This may or may not be an option – depending on the business you’re looking at). Of course you can pay the balance off at any time. Many people have started with this option and were able to pay off their balances within their first week or month!
3) Financing is available, however it is subject to a ‘Credit Check.’ The loan company is called AG Finance and they give small personal loans to people for great home businesses or home renovations. You may be approved for as much as $1,500 – it’s worth checking out. It’s free to submit your application. Please visit their website for detailed information: http://www.agfinance.com AG Finance has many offices all over the US. Each customer puts in his or her zip code and the nearest location is pulled up. It takes a few minutes, online or over the phone, to complete the application and the customer finds out within 24 hours if they were approved. If so they will receive a check in the mail within 2-3 days. Payback varies from customer to customer because it’s determined by their credit score.
4) Obtain a loan on your 401K. These loans are great if they’re an option for you because there are no turn downs or penalties. The interest rate is 5%…and you’re paying that interest to yourself! Here are a few more sources. We suggest that you actually apply for all of them and if you get approved for them all, just pick ONE to get your financing from. It costs nothing to apply for them. You can reach all of them at 800-555-1212 or search for them on the web.
5) American General
6) Citi Financial
7) Beneficial
8.) Household Finance
And here are some links to some more:
9) https://loans.agfcredit.com/Iaps/Html/AGHome.html
10) http://www.wamu.com/home.htm
11) https://secure.citifinancial.com/loanapp/gettingstarted.php
Other ideas / strategies:
12) Obtain a short term loan from a friend or family member.
13) Obtain a home equity loan.
14) Increase an existing equity line.
15) Sell a car you don’t use
16) Have a Rummage Sale
17) Sell off your old CD collection to the pawn shop
18) Find two or three people or great home business to buying and share the package together.
19) Try www.eloan.com
20) Get a side job, and work it hard for one month, save all the money. One month is not that big a deal of a sacrifice if you really see what we have here with Coastal!
21) Crack open your IRA or CD Account Early
22) Borrow against your future tax return
23) Sell a farm animal or farm implement you are not using or needing
24) Refinance the House on a different plan and take some cash out
25) Use your income tax return
26) Stock Dividends
27) Borrow from Life Insurance policy
28) Sell your timeshare.
29) Get a title loan on your vehicle, boat or camper.
30) Get the money from someone who knows and trusts you.
Bottom line is… IF YOU ARE SERIOUS AND HAVE DESIRE – You will come up with a solution somehow, even one that is not in this list. Just do it – it can pay off Big time – if you pick a reputable and a great home business to join and stick with it!
