- This topic has 14 replies, 10 voices, and was last updated May 7, 2021 at 4:00 pm by
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Nighttrain,
It depends on your situation and the type of business. Generally there is a trade off: with equity you have a “forever” partner that gets part of your earnings as long as you own the business (or buy them out). But the risk of failure is on them, if you fail you don’t have to pay the money back. With a loan you have to pay it back no matter what (normally you will have to guarantee a loan), but then you are free and clear.
There is a long, more explained description in our free book, download it and take a look: https://galaxyofstars.org/free-copy-of-start-up-book/
Good Luck! And let us know if you have any more questions.
HS1, Hidden Star expert
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I have a Wix website and I pay for an ecommerce store but I run a people-pleasing business. I don’t really enjoy working behind a computer screen as much as a ecommerce website guru would. How can I connect with the best technical-savy person who can help me set up my wix store? I’m already paying for it, just not using it. Help!
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I would try a freelance site like Fiverr or UpWork. I’ve had very good results with both. On Fiverr, I’m actively working with “joshuawisdom123” on Fiverr right now. He just built a really cool website for me. I don’t know if this link will work but this is his profile page: https://www.fiverr.com/joshuawisdom123.
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Hello there,
I am revamping my business. I am now also renting a suite and plan to build a website with Galaxy. Do you guys help with text marketing? If not, do you guys have any suggestions on who to sign up with? Also, I would like to apply for a start up grant.
Ebonie Hatch
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I am a new broker for a company that helps small businesses get loans what is the best way to reach a ton of owners and be profitable?
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Jboat1:
There are a lot of great ways to grow your business. Some of them cost a lot of money, some don’t cost much at all.
Facebook does a nice job of delivering ads to business owners for not much investment. The hit rate is low, but the ones who respond are actually good leads.
Google Ad Words is probably the best way currently. They can super target your audience and your message, and produce a LOT of leads. You might want to get a quote or testimonial from a client and use that in your social media posts.
Also, you can buy email lists of business owners and send them an email. Again, hit rates will be low, but lead quality of respondents is pretty high.
Hope this helps.
HS1
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My friend has been working a business selling scented candles what advice do you have for her to be successful?
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the same advice we have for most entrepreneurs….
– know your audience. Who buys scented candles and why? at what price? from whom?
– communicate the “value proposition” clearly, i.e. answer the “what is in it for me” question
– make sure you really understand the competition and pricing
Is she set up to sell on Amazon? if not, she really needs to do that. There are a lot of videos, etc that can teach you how to set up an amazon store. They can deliver a LOT of sales.
HS1
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What are the best credit card companies out there? The first I used a company that charged me $49/mo + 3% for all credit cards processed. Now I’m using one that charges me $9.95/mo plus 2% for all credit cards processed but also charges my customer 2%. There has to be a better company that doesn’t charge my customer and better prices for the retailer. I just cannot find one in my searches. Anyone – can you give recommendations?
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