Are you looking for fundings for your Startup?
If yes, then congratulations, you just landed on the perfect page.
Today, we will be talking about the three BEST WAYS to get funding for Startup.
So, if you are a newbie (or a college student) and plan to start something of your own, keep reading this article for three of the easiest money-making ways.
Two Basic ways to get funding for your Startup?
Below in this pointer, we will discuss the most common and known ways(probably all the possible ones) to get funding for Startup.
The concept of crowdfunding is somewhat similar to that of mutual funds.
In this method, there is more than one investor who invests a fixed amount based on the following:
- Your startup Idea
- Your plan of action
- The strategies for making Money (how and how much?)
If you think you have got a unique startup idea that can get you some really big investors, then go on with this funding option.
If you are finding it tough to make others believe in your startup idea, this option is perfect.
Invest Money in your Startup on your own.
The primary benefit of this idea is that you will get all the profits. (And somewhere this is the drawback as you never know what happens).
But what can be a safe option is self-funding in the initial stages of the Startup.
The initial stage is one of the critical stages, as that is the time when you construct the grounds of your Startup.
And that is why many people are not confident enough to approach investors with establishing some of the plans.
So what you can do is self-fund your Startup in the initial days. Once you attain a sustainable spot(from where you know you can survive in this field), then you can approach investors for funding.
This method reduces the number of efforts that you need to do for the investors to believe in your idea.
3 Best Ways to fund your Startup!
1) Venture Capitalists
VC are those who provide you with effortlessly(professionally) managed funds. But they don’t offer help to any random startup.
The MOST Important portion of this method is that you get financial help if your startup idea has success potential.
However, if you think your idea has got that uniqueness everyone is looking for, you MUST go for this method.
Also, the best thing about venture capital in India is its monitoring and expertise.
2) Raise Funds from NGOs
Non-Governmental organizations regularly organize events to collect funds for various causes.
You can collaborate with them, provide all the aid and assistance that you can do, and raise funds for your Startup.
All you need to do is find the best NGO in your area and approach them with an extremely appealing offer.
3) Make some online money and then invest it
If you are not getting any investors for your Startup, don’t worry, you can even do it yourself.
Do some part-time jobs and work from home to earn some extra money.
The Money you get from your extra work can be used in your Startup.
If you are confused about where to find the best (High earning potential) part-time jobs and work from home job, then the answer to your query is Internshala.
It is an online platform where you just need to sign up for getting access to the best jobs for yourself.
Something or the other can be done if you have the determination to do it.
If you are looking for fundings, never lose hope there is always one or the other way.
All the Best!