I have found a great little arbitrage play that pays off really well. The only problem is that the ad network that I get paid from pays net 30, but I have to pay for the advertising up front. I can easily scale the operation up to soak up all of the advertising (about $10,000 in ads a day), but I don't have that kind of money. Any ideas where I could get a short term loan to cover the float? Thanks.
First of all are you sure you are going to get paid? Why not ask for the money faster, I have people that pay me every 7 days by wire. This way you wont have to invest so much money without seeing something in return. Try to contact them and ask to send you the money quicker, and just invest everything you earn each week.
I already called the ad network about getting paid weekly, they said no. As for the loan, I can't even get a credit card, much less a loan. I don't have a long enough credit history (I guess saving and buying things with cash makes me a bigger risk?).
Well you could ask your friends to invest in you if you are positive that you will earn it all back and more. What advertising are you doing that is costing $10k a day?
Why don't you start of small. Invest a little and then once you get your money, invest a percentage of that so that your advertising spending will be bigger this time and keep going in that direction. That is how a majority of us do it anyway. We start small and get bigger as we get more money.