As of recently, more and more Indie Go Go, Kickstarter, Kiva and Go Fund Me campaigns have been popping up for people wanting to fund their ideas. Crowdsourcing is something we have discussed before and how there is good and bad it just depends on the person who is doing it. Right now my friend Lauren of Stretch Recipes is trying to raise $25,000 for technology for her company through campaigns. A really great company needing help, with limited resources.
I understand campaigns that have higher dollar value that can’t be done with a friend or family loan or bootstrap in a short period of time. However, to be truly honest it baffles me when I hear people need $1000 or less for the business. I’ve even seen campaigns for $3000. Not to be harsh or step on your toes but that’s chump change. Lets be really real.
If you are over the age of 25 you should have $1000 in emergency fund regardless. If you are not familiar with Dave Ramsey and his baby steps then go run (not walk) to buy the Total Money Makeover. It will change your life, if you are actually open to changing your finances.
Lets talk about making a thousand dollars in 45 days. This is not for your emergency fund. This is money to build your business. So, if you do not have the emergency fund set up you need to do this over 90 days.
Time To Flip Burgers
Yes, we are starting with the good old flipping burgers ways of making money. It is not beneath you and you are not above it. You do not par se have to work at McDonald’s you can get a job at Starbucks. Which by the way if you want to go to college for free would be a smart idea. It’s about taking a part-time job working 20 hours a week for roughly $9.50 an hour. After your paycheck, is the whole amount or plus some or take about an average 6-8 weeks you will have the $1000 you need. You earned it! Who cares if you are 30 with a master’s degree serving up lattes. Your dreams matter and getting that funding is your main objective.
Set up shop
Car wash, bake sale or any similar concept can make you the cash you need in one day or over the course of 5 weeks. Every weekend without fail there is a girl selling lemonade by Target. Then by Shoe Carnival there is a family that sells snacks, sodas and more. Finally, there’s the man who sales AMAZING brisket sandwiches by Dollar Tree. These people have picked high traffic shopping centers and set up shop. Most of the time I don’t even ask why they are doing it. The moment you smell that brisket you are going to want a pulled pork sandwich for $5. Yes, it takes money to make money. If you know someone with a Sam’s or Costco card ask them to take you in there. At most you will spend $200 on supplies. Now flip that $200 into $1000. Find a high traffic area and contact the store to see if you can set up shop.
Before you read this point in full find your bank statement from last month. You are going to need it. Grab a highlighter. Highlight: fast food, restaurants, clothing stores, entertainment, and beauty services. Now that you have that highlighted how much money did you spend. One client spent $150 in fast food in a week. Money adds up and having Starbucks for breakfast, Chipotle for lunch, eating snacks from the vending machine, and Popeye’s for dinner becomes really pricey. We don’t think about how all those expenses add up. Because it is convenient to us at the time. If you spent more than $500 in those highlighted areas from last month there is half of your fund. Cut it all for the next 45 days. Only spend money on gas, bills, and groceries. Nothing else.
You were probably thinking this post was going to be about how you can use the internet to make $1000 in 45 days legally. I am sorry but we are talking good about the good old fashion way of making money. There is no reason you need to set up a crowdsourcing page for less than $2500 or less than $1000. You can make that money quickly if you put your mind to it.
What are your thoughts on making $1000 in 45 days legally? What can you do in this moment to get your money right for your business?