I promised that if enough of you wanted it, I’d share the “Funding Formula” that our friend Stephen used to get over $5,000.00 in funding for his brand new business… which gave him the kick start he needed.
And keep in mind, he did this with absolutely NO previous business experience or knowledge.
If you’re a subscriber of mine, and have been following the strategies I’ve been sharing with you… you know more about business than Stephen does.
So… here it is… The Funding Formula
1. Realize that you DO have something of value to offer.
As I mentioned before, when I first suggested to Stephen that he could make a nice income doing what he does, he was completely closed to the idea because he felt that he had nothing of value to offer other people.
I don’t know when the change took place, but at some point in the last year, Stephen came to the realization that he DOES have something of value to offer other people.
This is CRITICAL if you expect to get funding for your business.
If you don’t believe in the value you have to offer, no one else will either, and they certainly won’t be willing to give you any funding.
You’ve got to believe in yourself, and what you’re preparing to do.
2. Share your story and explain WHY you’re doing what you’re doing.
People want to know who you are, why you’re doing what you do. Stephen explained this in extremely simple language… both on the Kickstarter website, and in his video.
And most importantly… he came across ad being completely honest, authentic and believable. After hearing his story, you couldn’t help but want to get involved and help him out.
3. Explain WHAT your project or intention is so people can decide if they want to get involved.
People need to know what they’re funding. Once again, Stephen explained what he was planning to do, which was create a series of paintings.
Very simple to do, yet it’s a critical part of the funding formula.
If you missed it before, be sure to click the link in the post below so you can see Stephen’s video for yourself.
4. Follow up after the process and keep everyone updated.
Once again, this is critical. Be sure to keep people in the loop, especially if they helped fund your project.
The worst thing you could do is leave them hanging… wondering how there funds were put to use.
As a side note, I’ve been in contact with Stephen and may have the opportunity to follow up on his project by doing an interview with him.
If that happens, I guarantee it will be informative, as well as inspiring.
If you’re interested in hearing more from Stephen, and would like a copy of the interview if I do it, be sure to let me know.
Dedicated to your success,
“The Automatic Income Coach”