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How To Get Money To Start A Business (27 Ways You Didn’t Think Of)

One of the things that holds people back from starting and building a successful business is their inability to properly fund their business startup.

You can start a business for a very small initial investment, then “work your way up” by continuing to invest profits. However, the problem with this method is that you don’t initially have everything you need to begin getting the results you want right out of the gate. This also poses a motivation problem since most people will simply not work as hard without first making a more substantial monetary investment in their business… there is power in having “skin in the game”.

When I got started with my current online business, I was over $800,000 in debt and in foreclosure on two properties. I certainly did not have money to start a business just laying around. I understood that if I was going to succeed, I needed to do whatever it takes to get positioned properly and get everything I needed to be successful as quickly as possible. After all… everyone wants to achieve success as fast as possible, right?

I was not just “trying it out”, or “seeing if it works”… The only true path to success is to fully commit, stop making excuses and take massive action.

I put together this post to go through some great ways to come up with the money… and if you’re motivated to get a business up and running, you’ll definitely find a few methods here that you can use.

“Lack of money has never stopped anyone fully committed to a cause from achieving it.”

Here are 27 ways to get the money you need to start your business right…

1. Your Funds And Available Credit

Obvious right? The first place to start is by taking inventory of your available resources. Compile your available bank balances, ready cash, and what you have available on credit cards. See what you can utilize without putting yourself in financial hardship with your current monthly living costs. If you’re like me, you may have to juggle a few credit card balances around to put together a usable lump sum.

2. Borrow From Your 401K

401K plans are a great resource to tap into for the purpose of business startup capital. You can very easily borrow against your 401K and get cash out quickly with usually very workable terms. Keep in mind that business startup costs are a tax deduction, and that can usually more than offset any interest you may incur with the loan against your 401K. The other thing to consider here is that by taking your new business seriously, those initial funds you invest in your business will likely produce far better returns than any 401K.

3. Friends And Family

When it comes to starting a business, many are hesitant to approach friends or family for a short-term loan. I think part of the problem is that many will approach them in the wrong manner. If you’re one of those people that just “tries stuff out to see if it works”… you’ll always have trouble getting support from anyone. However, if you approach it from a business standpoint, share with them your marketing plan and exactly what you’re “going to do”… they will be much more open, and quite possibly interested in joining you in your endevour. It’s all about your business mindset.

4. Borrow From Your Life Insurance

Much like a 401K, many insurance policies, such as whole life policies are an asset you can borrow against. You simply need to contact your insurance agent and ask if you have any ability to borrow against your plan, and the amount and terms.

5. Tap Into Your IRA

Many people have IRA accounts (Individual Retirement Account), and may be able to take a distribution. The taxes and penalty fees will vary depending on your circumstances and age. Contact your investment professional for details on this and to see if it’s an option for you.

A few years ago, I cashed out a lump sum from my IRA and paid the penalties and fees for early withdrawal to utilize those funds for a real estate investment that has made me far more than any possible growth it would have seen in the IRA account. You just have to make the decision based on your needs and the right information.

6. Get A Home Equity Line Of Credit

This one will certainly not be possible for everyone, but if it’s a possibility for you, it’s a great way to exchange equity in your home for business startup capital. Although home equity lines (HELOC) are not as prevalent as they once were, many banks and financial institutions still do them, and some at terrific terms. If you have equity in your home, it may be worth contacting your bank to see if it’s an option.

7. Small Business Or Personal Bank Loans

Many local banks and credit unions will offer small business or personal loans. As long as you have the credit scores for it, this may be just your ticket.

Here are a few resources to look into: Kabbage.com, FundingVault.com, Fundera, Avant, LendingClub, CreditCards.com

8. Create Value Out Of Thin Air (My Favorite)

The best way for me to explain this method is with a quick video. This method literally allows you to create money out of thin air by creating value for others. You’ll see why it’s my favorite after you watch this video.

9. Sell Your Stuff On Craigslist

This is one that should be obvious, but many don’t think about it. We’ve all heard the phrase, “one man’s trash is another man’s treasure.”… but nothing allows you to capitalize quickly on all that stuff in your garage, closet, under your bed… or stashed in storage… like Craigslist.

In our house when we were trying to come up with funds, out motto was, “if we’ve not used it or worn it in the last 6 months.. sell it!” Old bicycles, workout equipment, tools, books, clothing, jewelry, anything.. can fetch quick cash by listing on Craigslist. It only take a minute to snap a photo and list it… and the calls come in right away.

I recently listed an old printer on Craigslist for $40, and had 6 people that wanted it within 2 hours. I sold it for $45.

10. Sell Other People’s Stuff On Craigslist

how to get money to start a business

Don’t have anything of your own to sell?… reach out to others you know and offer to list and handle the sale of their stuff for a percentage of the sale. This seems to work especially well to help out your parents and grandparents clear all that old stuff out of their garage.

11. Junk Flipping

This is a concept that even spurred on it’s own reality show. You buy cheap stuff of value at garage sales, estate sales and even on Craigslist or Ebay… then turn around and re-list it and sell it for more. If you have the ability to fix stuff up and make it even more valuable than when you bought it, you’ll do even better.

12. Yard Sale

This is for the stuff that you cannot sell on Craigslist, like clothing and other household stuff. Many neighborhoods have annual yard sales that are a great way to take advantage of lots of seekers of “stuff”. You can easily compile some stuff and clear $40 to $200, or even more in a weekend.

13. Sell The Extra Car

Have a car that’s not necessary?.. sell it and gain cash, as well as eliminating an extra monthly expense. If you’re one of those people that have a car sitting around that doesn’t even run, there’s a market for that. List it on Craigslist and have cash in 48 hours!

14. Sell The Boat, Motorcycles, Jet Skis

Many people have ski boats, motorcycles… and other recreational equipment that gets used a few times per year. As much as you love those toys, think about this…

If you utilize the value in those toys to get your business going, you can create a business that provides an income that will allow you to buy those toys again… even better ones. It’s a matter of practicing “delay of gratification”.

15. Sell Your Jewelry

I’ve known many people that have been able to raise business capital very quickly by selling a few pieces of jewelry. I know you can become quite attached to jewelry, but it may be a matter of deciding how bad you want to start your business right.

16. Sell Your Body Parts – What!?

HAHA!… NO, seriously… this is a thing. You can make some good money by selling plasma, blood, sperm, eggs, and hair.

If you have long and straight hair, it’s in demand. An Indiana woman recently sold 31 inches of hair for $4,000. Going rate for egg donors can be as high as $5,000 – $8,000. Sperm can go for up to $1,000 per month depending on your health and age. Blood and plasma donations can net $25 – $50, up to $200 per month.

It may not be the your best option, but it’s an option.

17. Kid-sit, Pet-sit, House-sit

There are likely people in your circles that would be happy to pay you to watch their house, pets… or even their kids. You just don’t know until you do a bit of networking to feel it out. Getting paid to house-sit or pet-sit is best because you can use that “paid time” to put energy into other money-generating activities on your laptop.

18. Ravage Your Crib

Oh yes, we cannot leave this out. I cannot tell you how many times I’ve found lost money in a drawer, pants pocket, under the couch, in a drawer, etc. If you pillage your house, chances are, you’ll find some too.

…But ravaging your crib can mean a lot more than just finding those lost coins and bills in the couch. How about cancelling all those unessential services that do nothing more than waste time and fill your head with negativity?… Yes, I’m talking about the cable or satellite bill!

The average household pays $65 – $120 per month in cable TV or premium services, and wastes an average of 6 hours per day staring at the box. That’s not only substantial funds that can be redirected to your business, but also more than enough time to create some killer results with any business venture.

Most highly successful people I know hardly watch any TV (and certainly not the news).. and many, like myself have no cable service at all… Think about that.

19. Return Past Purchases

Take a look in your closet and around the house to find those items you bought, but either did not use, wear.. or need. Then return them. Many places will accept returns without receipts, or can find it on your credit card. Even if the best you can get is an in-store credit, use it to buy something else, then return that.

This method may seem a bit desperate, but hey… how bad do you want it?

20. Recycle Scrap Metal

These days scrap metal brings in a pretty penny. I know a guy that posts a “scrap metal wanted” ad in Craigslist and gets calls daily to come pick some up. He then sells it for profit. You can take this idea to whatever level you want.

21. Pimp Rides – Lyft and Uber

Services like Lyft and Uber are hitting every major city in America and offer a great way for people to make extra money part time or full time giving rides. Lyft’s website boasts earning up to $35/hour as a driver with them, and Uber is right in line with that.

There are of course some requirements; your car must meet their guidelines and you must have a clean record and all the appropriate insurance, but it’s a great way to pick up the extra cash you need to get your business off the ground.

22. Get A Part-Time Job

I would only recommend this if you’re not able to drive for Lyft or Uber since good part time jobs are few and far between, but when it comes to funding your dream, you do what you gotta do!

23. Find An Online Gig

If you have skills with graphics, website development, coding, marketing, video editing, writing or any other marketable skill… you may want to make yourself available for gigs through Fiverr.com, or other services for hire sites like elance.com, odesk.com.

It’s not a lot of money, but it’s a great way to earn some quick cash from home at your convenience.

24. Rent Out A Room In Your Home

Have an extra room in your home, livable basement, room above the garage?… rent it out to a tenant and create an extra monthly income. You can find free rental or least agreement forms for your state online free, and craigslist can quickly match you up with that perfect person to rent your space.

25. Rent out Your Parking Space

If you live in an area where parking is at a premium, you can make some serious bank by selling parking space. I know someone that lives downtown Portland and rents their parking spot for $380 per month. That works out great for them since they don’t even have a car.

IF you’re reading way down here and have not found at least a few solutions that will work for you… you really need to start getting creative.

26. Pawn Some Stuff

For those items of value that you’re not willing to part with, you can get quick cash by simply pawning them at your local pawn shop. In case you don’t know how that works… you simply take in your items and leave them with the pawn show in exchange for cash and an agreement that you can buy them back within a set period of time for that same amount. If you don’t return, the pawn shop will own your items.

27. Take It To The Crowd – Crowd Funding

Crowd funding is still a relatively new method, and it can work for those that get a bit creative. You can visit sites like gofundme.com, setup an account, explain your cause, and lay out why people should fund your venture.

Another great site for crowd funding or obtaining loans for business purpose is prosper.com. Prosper allows people to invest in each other in a way that is financially and socially rewarding. On Prosper, borrowers list loan requests between $2,000 and $35,000 and individual lenders invest as little as $25 in each loan listing they select. Prosper handles the servicing of the loan on behalf of the matched borrowers and investors.

I will tell you that you’ll likely get nothing if all you do is state your business and ask for money. You need to be a bit more creative and get into the details of what you’re doing and why. Share your vision and remember that those considering funding you will be asking themselves “why should I?”… give them an answer to that… make yourself stand out among all the others that are simply holding out their hands.

What Does It Cost To Start A Business?

The cost to start a business varies widely depending on the kind of business you’re starting and your desired business goals. Today you can actually start an online business for less than you’ll spend at lunch, but that’s just to get started. If you’re serious about building a real solid sustainable business, you’ve got to be willing to invest in yourself, your training, tools, advertising, etc.

As an example… my online business allows you to get your foot in the door for a measly $1 buck. However, once you get inside, you’ll learn everything you need to know about how your business works and what you’ll need to do next to really get it going… and that will require further investment… how much depends on your business goals and level of commitment.

I can share with you that those that get started here and simply follow our exact instructions to get setup, invest in their business, and take massive action… are the ones that achieve success.

A couple years ago if someone would have told me that I could create a business that produced over $250,000 in it’s first 29 months for less than $10,000…. I would have never believed it.

Whatever business you’re starting, online or offline… take it seriously, treat it like a business… a profession… and you’ll likely get professional results.

If you’re still searching for just the right business opportunity and would like to take a look at what I’m doing and work directly with me as your mentor, click here and watch this video. …but keep in mind that even through you can get started for relatively no money, you will need to step up your game if you want the kind of results you see below.

how to fund your business

Enjoy this post?… Get some good ideas to help you find funding?… Be sure to share this post with all your social networks. Leave me a comment below and share your favorite funding method from above, or share any good funding ideas I may have left out. 🙂

21 comments… add one
  • This is a great post! So many times, leaders want people to invest in their businesses, but they don’t give them guidance on how to raise the funds to do it.


    • You are so right Erlinda… figuring out creative ways to properly fund a new business is crucial for success. My goal in this post is to not only give people some great ideas for creating the funds they need, but also to help set the right mindset about investing and committing to their business goals.

      Thanks so much for your comment. 🙂

  • Awesome post Jon.. And if I may add especially for entrepreneurs this website is great for funding an online business. https://www.prosper.com

    • Thanks Jordan… great add! I was not aware of that site, and will add it to the post above. Thanks so much for your comment 🙂

  • Solid post Jon! This is a great go-to list for anyone who’s under the impression that they can’t raise funds. There’s always a way!

    • Appreciate that Gary. You’re absolutely right, there is always a way for those that seek. 🙂

  • Great post Jon! People never suffer from a lack of money, it is always a lack of ideas that holds us back. Nice of you to share how people can access the resources required to start a business!

    • You are right Trishaly… it’s never really lack of money that holds people back. That’s really just an excuse used by those that are not willing to do whatever it takes to get the funds. Thanks for your comment. 🙂

  • Great post Jon. Your ideas are very creative & you video is really intriguing. Thank you for being so helpful & sharing your success with us. You’re awesome Jon.

    • Linda… thanks so much. 🙂

  • Sick post!

    My girlfriend didn’t like the idea of ‘donating my sperm’. I was like “it’s only my sperm”! Haha

    But you are quite right Jon, if we want it bad enough nothing will stand in our way!

    • Thanks Carlos… appreciate that man! LOL, yeah the selling body parts is certainly not the first choice for most, but it is still a very viable solution. 🙂

  • Thanks Jon,
    Great post, maybe you covered this, but is worth to seperate: if you can play any music, go out and play public for tips or find restorants that are interested for that, even you can play homeparties for others..
    Similar – do street art works or have you seen those people-monuments 🙂

    • Yes, absolutely Gundars… those are also great ideas for those that have the talent and skills to pull it off. Thanks for the comment my friend 🙂

  • Jon – this is truly awesome and totally out of the box thinking. LOVE IT. 🙂

    • Thank you LT! 🙂

  • Great blog post Jon, I really like how you broke it all down so that all excuses are eliminated.

    • Timothy, I appreciate that man. Glad you found the information useful. Be sure to read through some of my other posts while you’re here. 🙂

  • Hi Jon,i really enjoy your YouTube bids and your blog.I am working on a website called cashhoppin.com and was wondering do you have any advice.You mention in your bid that you had a two hour training course and to request it.I like your teaching methods and would love to have one of your training sessions.Thanks and keep inspiring

    • Hey Mike… I’m glad to hear that. You can get all my training and mentoring if you join here – http://start.ipas2go.com

  • Hey Jon I like your teaching and would love to have a video of one of your seo courses.I also have a website cashhoppin.command would like to have your opinion and advice.Thanks


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