How to Get Early Customers to Finance Your Business

The advantages of customer financing over debt and equity financing are considerable. December 17, 2018 4 min read Opinions expressed by Entrepreneur contributors are their own. When starting a new business, two of the main problems every entrepreneur faces are finding a product people will pay for, and financing their business. While difficult to pull off, the best startup founders are able to meet both of these challenges by getting their earliest customers to tell them exactly what they want, while at the same time paying them to get the business off the ground through first versions of the product and consulting. Related: How to Finance Taking Your Startup to the Big Time Here are my tips to get your earliest customers to help refine your product, while also getting them to actually pay you to build it. 1. Build trust.  When you have the right level of trust with your […]

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How Much Money Does It Take to Start an Online Business?

Today I want to talk about how much money it takes to start an online business. This is a very common question that I’m asked, and it was definitely a question I had when I first started. Pat Flynn September 5, 2016 Today I want to talk about how much money it takes to start an online business. This is a very common question that I’m asked, and it was definitely a question I had when I first started. There’s a common misconception about what it really costs to get started. Most people, including me at one point, think that it requires loads of money. I understand how that can be discouraging. You may be thinking, “Well, I don’t have any funds. How could I really start a business?” But there’s good news! While it does cost money to start an online business, it costs less than you may be […]

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