Funding Your Online Business

When I started my online business I was spending far more than I was making and I had to look for ways that I could raise some funds so I could pay for my online education and later Fund my traffic expenses.

The Biggest mistake I made for a long time was wanting to do everything for free. I was not treating my online business as a business but more like a hobby. There is a saying that “If you treat your business like a hobby it will pay you like a hobby” We all know that hobbies are a great way to suck money away from you. I had to make the decision that this was a business and that is the way I should treat it. There was a big turn around when that mind shift occurred.

So what did I do to make some advertising dollars?

Firstly I set up a Gig on Fiverr. Now I had heard that Fiverr was a great way to make money. You just set up a Gig and traffic would start flowing and buying. Not so true. Sales dribbled in and after a year I became a level 2 seller. I find that this gig is a great little sideline business and if I ever need a boost in sales I just do a few posts on social media, facebook groups etc. Now I am making a steady monthly income that can pay for my traffic to my product links and my 7 Figure Franchise business.

Next I was doing some freelance work for a fellow Australian Associate. I found this to be very rewarding but also a little frustrating because of the structure of the workforce. I found that this had turned into a job rather than a freelance situation and I was not having enough time to develop my business.

There are many platforms that you can use to find freelance work in many areas: Some to checkout are

1. Upwork: The most popular freelance job site on the Internet today, birthed from the merger of oDesk and Elance. When you first start out, they take a 20% cut of your earnings, but this reduces as you build more experience.

2. Guru: If Upwork’s service fees make you squirm, Guru is a more reasonable option. More than a million freelancers use this platform to find fixed price and hourly jobs.

3. Freelancer: On Freelancer you can apply for freelance jobs and make submissions to design contests. It’s a relatively new platform on the market but already has a huge base of customers and clients.

4. Mechanical Turk: Run by Amazon, it’s a platform linking businesses and developers with an on-demand workforce to complete their projects. Join up, and you can make money working on HITs (Human Intelligence Tasks).

5. Freelanced: A social network designed just for freelancers. You set up your profile, set your rates and apply for job postings on the sites. Clients can also give you “kudos” points that appear on your profile.

6. Working Nomads: Working Nomads offers a curated list of job openings delivered right to your inbox. It’s catered to people who want the freedom to work anywhere in the world.

7. PeoplePerHour: Originally designed for freelance needs in the UK, PeoplePerHour is still dominated by these businesses and freelancers. However there are job opportunities from around the world for freelancers everywhere.

For a huge list of 79 Places to find work check this out

Remember whether you are working your online business part time or full time treat it as a Business and it will pay you like a business. I hope this post has been helpful and would love to hear how you generate your start up funding so please let me know in the comments below

Leave A Response

* Denotes Required Field