Youth Entrepreneurship

Menu
  • Welcome
  • Dayo Profile
  • Contact Dayo
  • JOIN OUR FORUM
  • Testimonials
  • Shop
  • Our Business Plans
  • OUR PRODUCTS
    • Coaching
    • Entrepreneurship book for Africa Students
    • MLM E-BOOK: How to Recruit and Get to the Top Fast in Any Network Marketing Business
    • Set Up Money Making Blog for Just N50,000

80 Things You Will Learn from 72IG Affiliate Marketing School, Digital Marketing Skill Development and Expertnaire Affiliate Implementation Programme. (Cost N65,000)

CLICK HERE

3 Modern ways to raise money for your Business that are extremely easy

Dayo Adetiloye Business Hub

3 Modern ways to raise money for your Business that are extremely easy

Funding is the lifeblood of any business and without it, there will be an automatic introduction of many other problems in a business’ life. New businesses that are still in the startup stage will need funding to get off the ground. While most entrepreneurs will use their own funds or savings to start their businesses, very few manage to entirely self-fund the company to profitability, and will therefore have to seek external funding. Now, for businesses that have taken off already, growing your business and increasing sales often requires you to purchase assets such as new equipment, furniture, vehicles, and so on – and that requires funding too. In the same vein, sufficient working capital is a key aspect of any company’s financial health. Not having enough working capital can have a serious impact on the future of your business. There is very little that can be achieved in a business without sufficient and proper funding.

If you’re looking to grow your business and take it to the next level, you will surely need funding that enables you to execute on your business plans. Whether you want to increase sales, expand your range of products or services, move into new premises, hire more staff, or expand internationally, none of these can be achieved without commensurate funding. Without money, the engine of commerce does not run. Money is the lubricant and the fuel. It makes possible the smooth design, production and marketing of a product; and it keeps the administrative functions efficient. Money also moves the company forward by fueling growth and expansion. Unless you are independently wealthy, or you have wealthy, generous and supportive family and friends, you’re probably going to have to work hard to raise money for your business.

 

Below are 3 modern ways to get money to fund your business.

 

  1. Crowdfunding

As the name suggests, “crowdfunding” is all about engaging the crowd to co-fund projects and startup ventures. Funding can be provided by tens, hundreds or thousands of individuals and/or businesses. Crowdfunding became a phenomenon on the internet a few years ago and ever since then, platforms like Kickstarter and Indiegogo have seen hundreds of new crowdfunded projects emerge, funded and established through the modern-day approach to business funding.

3 Modern ways to raise money for your Business that are extremely easy

3 Modern ways to raise money for your Business that are extremely easy

Crowdfunding gives you the opportunity to connect with like-minded people who you wouldn’t have been be able to engage with, normally. It also helps you to gauge the interest of people in your product and understand what’s resonating with people and what’s not. This shows you how to improve your product and your pitch. Most importantly, crowdfunding can help you raise money to fund your business without stress. Crowdfunding campaigns are fantastic PR tools. They help gain visibility and generate buzz. Many platforms also greatly simplify the technical and paperwork side of fundraising. One of the most underestimated benefits is securing early users, advocates and ambassadors who have a real financial interest in sharing and empowering your success.

Crowdfunding uses a web-based platform or social networking sites to solicit funds for the fundraiser by showcasing the product’s model and the associated story to potential donors or investors. The crowdfunding websites typically charge a fee for using their platform and services to bring money for the cause. Popular crowdfunding platforms in Nigeria include quickraiz.com, kickstarter.com, naijafund.com, fundanenterprise.org, and a host of others. Visit any of the sites for better insight on how each of them works and then see which of them best suit your business purpose and needs.

 

  1. Join an accelerator program

Startup accelerators are programs intended to accelerate the development of early stage companies or ideas. Generally speaking, an accelerator is a fixed term program that usually lasts from three to twelve months. It is a short-term growth program that promotes a few years of growth in the span of a few months. It provides a combination of education, mentoring, and networking, often with investment. It is distinct from other forms of investment and incubation, such as angel investing or grants. Think of an accelerator programme as a boot camp in market-readiness and investment development. Studies show graduates from top-rated accelerator programs reached key milestones sooner.

3 Modern ways to raise money for your Business that are extremely easy

3 Modern ways to raise money for your Business that are extremely easy

For a growing startup, acceptance into an accelerator programme is a huge accomplishment. These programs give young startups funding opportunities and mentorship. They plant new teams into the thriving startup ecosystem, surrounded by learning opportunities and fellow innovators. There are several benefits of a startup accelerator, including:

  • Seed funding: Most programs offer startup companies with seed investments.
  • Coworking and private work time: We all know how much hard work and dedication drive success; this is why accelerator programme gives you lots of independent work time. These programs often provide coworking space or private offices for this purpose.
  • Training: Many accelerator programs offer access to one-of-a-kind training opportunities. These come first from formal mentorship programs. These advisors are successful founders, investors, and experts in growing businesses. Throughout an accelerator, companies will take part in seminars, workshops, mentor meetings and pitch practices.
  • Networking: Accelerator programs rely on cohorts. So, over several months, startups get to meet others in the early stages of development. They exchange ideas with fellow innovators that can drive future success and partnerships. Accepted startups also get to work with founders of successful companies and access to an alumni network.
  • Demo, presentation or pitch day: The program culminates in a pitch day. After scaling their companies, each team gets to pitch their startup to potential investors.

For a business in need of expert guidance, financing and growth, a startup accelerator programme would be a good consideration

 

Read Also: 3 Businesses you can start with N5,000 in Nigeria

 

  1. Join an Affiliate Programme

An affiliate programme is a relationship in which a merchant pays you (the “affiliate”) for links from your site (or with your registered affiliate code) to his site. While some affiliate arrangements pay according to the number of people who visit specific web pages with links associated with your affiliate ID or code, you get paid only when an actual sale is made by the merchant as a result of your link in some other affiliate arrangements. This kind of advertising is called Pay Per Action (PPA), since the affiliate isn’t paid just for the visits to the website, but only when a visitor performs a certain action on the website – actions such as filling out a form, making a purchase, etc.  

There are thousands of websites on the internet that offer you the opportunity to make serious money through their affiliate programs. Very popular websites with highly rewarding affiliates program include but not limited to the following:

  • ShareASale
  • Solvid Affiliate
  • Amazon
  • eBay
  • Shopify
  • Clickbank
  • Rakuten Marketing
  • Leadpages
  • Fiverr
  • Bluehost
  • Cloudways
  • HostGator
  • GreenGeeks
  • WP Engine
  • Liquid Web
  • Sendinblue
  • Wix
  • BigCommerce
  • AliDropship
  • Weebly
  • ReferralCandy
  • Sellfy
  • 3dCart
  • Site123
  • Pabbly
  • Teachable
  • GetResponse
  • Aweber
  • SEMRush
  • ConvertKit

 

In conclusion, lack of fund is not a reason good enough to kill your dream in the world that we now live in. Apart from the fund-raising options we have considered in this article, there are a host of other ways to raise fund to fund your dream today. Do not sit on your oars, get out there and access opportunities that exist.

 

Hope you enjoy this article?

Share your thoughts in the comment session.

Contact us today for your business consultancy and business advisory services. We can help you fine tune your idea, structure your business, market your business, train your staff, consult on your retirement plan, coach you for financial success. We also write business plan and help with fund raising strategies and Grant applications. We can help you start, grow and expand your business.

Call or WhatsApp us now on 081 0563 6015, 080 7635 9735, 08113205312 or send email to dayohub@gmail.com  and we will solve any of your business problem.

 

Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!
Your information will *never* be shared or sold to a 3rd party.
  • Author
  • Recent Posts
Dayo Adetiloye Business Hub
Lets connect
Dayo Adetiloye Business Hub
Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
- Provide bespoke management and business planning consultancy
- To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
- To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

- Engender national prosperity by contributing to the creation of at least 100 new businesses every year
- Become a go-to brand for outstanding business development services for MSMEs
- Strategic partnership with local and international organization to empower start-ups
- Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness
Dayo Adetiloye Business Hub
Lets connect
Latest posts by Dayo Adetiloye Business Hub (see all)
  • Philanthropist Kole Akintujoye’s Our Daily Bread Foundation: Eradicating Hunger in Nigeria and Beyond - March 20, 2023
  • 28 Reasons why Norland Network Marketing Company is the best in Nigeria - March 16, 2023
  • Top 50 Ways to Generate Leads for Expertnaire Affiliate Marketing Platform in Nigeria - March 16, 2023

Share this:

  • Tweet
  • WhatsApp

Related

Prev Article
Next Article

No Responses

  1. Pingback: 3 Solid ways to make money with the Telegram App in Nigeria
    November 24, 2020

Leave a Reply Cancel Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Search this Blog

MLM Instant Recruiting Formula

Grant Winning Blueprint

How to Turn Yourself into a Live Breathing Cash Machine

Ecommerce Business

Follow me on Facebook

Follow me on Facebook

Follow me on Twitter

My Tweets

Youth Entrepreneurship

…Raising Millionaire Young Entrepreneurs
  • About
  • Dayo Speaks
  • Disclaimer
  • JOIN OUR FORUM
  • Shop
  • Privacy Policy
  • Sitemap
  • Advertise With us

About Us

Dayoadetiloye.com is a property of Dayo Adetiloye Business Hub committed to connecting entrepreneurs with resources.

We are one stop Business Resource Center where we help you discover, Develop and Fulfil your business potentials.

On this platform, we help you develop business plans and strategies, connect you with funding opportunities and share with your business opportunities.

Facebook Community: https://www.facebook.com/groups/156197005130352/

Twitter: www.twitter.com/dayoadetiloye

Email: Dayohub@gmail.com

Popular Posts

  • 50 SMALL SCALE BUSINESS IDEAS IN NIGERIA AND STRATEGIES TO START IT
    50 SMALL SCALE BUSINESS IDEAS IN NIGERIA AND STRATEGIES TO START IT
  • Peter Obi's Biography, Net Worth, and Rise to Popularity
    Peter Obi's Biography, Net Worth, and Rise to Popularity
  • 30 List of Grants, Fellowships, Entrepreneurship Training Programmes you can Apply for in Nigeria in  2023
    30 List of Grants, Fellowships, Entrepreneurship Training Programmes you can Apply for in Nigeria in  2023

Popular Category

  • Affiliate (36)
  • Articles (723)
  • Business Grant (342)
  • Business Opportunities (422)
  • Business Plan (682)
  • Competition (46)
  • CV Writing & Career Guide (61)
  • Dayo Initiative (13)
  • Entrepreneur of the Week (19)
  • Executive Summaries (148)
  • Expertnaire Affiliate Marketing (5)
  • Finance (15)
  • How To (133)
  • Job Vacancy (18)
  • Latest Post (1,681)
  • LOAN (23)
  • MLM Coaching (11)
  • Network Marketing (176)
  • NEWS (21)
  • Norland Nigeria (70)
  • Ofada Rice (6)
  • Online Marketing (50)
  • Product Sales (9)
  • Recharge and Get Paid (11)
  • Scholarship (7)
  • Scholarships (11)
  • Sponsored Post (223)
  • Trainings / Events (151)
Copyright © 2023 Youth Entrepreneurship
Dayo Adetiloye Business Hub

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

Refresh
Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!
Your information will *never* be shared or sold to a 3rd party.
 

Loading Comments...