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Where can i borrow money for building or buying websites?

Discussion in 'General Business' started by casachucky, Oct 21, 2014.

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  1. #1
    Where can i borrow money for building or buying websites?
    Any ideas?
    SEMrush
     
    casachucky, Oct 21, 2014 IP
    SEMrush
  2. gotlivechat

    gotlivechat Member

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    #2
    Bank, friends, loans against your property, etc.
     
    gotlivechat, Oct 21, 2014 IP
  3. sarahk

    sarahk iTamer Staff

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    #3
    Write a comprehensive business plan and approach your bank.
     
    sarahk, Oct 21, 2014 IP
  4. Mark.D

    Mark.D Active Member

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    #4
    If you can build website yourself then approach me, I will do a joint venture deal with you terms apply. Thanks
     
    Mark.D, Oct 22, 2014 IP
  5. VukasinI

    VukasinI Well-Known Member

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    #5
    You can build a website for as low as $3 and I believe you don't need a loan for that.

    I can see you are pretty inexperienced in Internet Marketing world so I suggest you not to invest any money yet as you will be only throwing them away. Follow my advice and start easy.
     
    VukasinI, Oct 22, 2014 IP
  6. pavv

    pavv Active Member

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    #6
    You can find a partner . How much money do you need ?
     
    pavv, Oct 22, 2014 IP
  7. etc

    etc Active Member

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    #7
    There are people on the Bitcoin community who offer loans to people online. Some of them don't ask for collateral. Just don't scam them, a lot of them can dox you. and they could destroy your reputation.
     
    etc, Oct 22, 2014 IP
  8. jrbiz

    jrbiz Illustrious Member

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    #8
    Most entrepreneurs start with family and friends for start-up loans because they are the most likely people to take a chance on you. Having a really good business plan for moving forward with said money, as already advised above, will show your F&F that you are serious and that there is a reasonable chance that they will not lose their money. They are also the most likely to work out good terms for you and are typically less demanding when things do not go according to plan.

    But do be careful whomever you take a loan from. Be sure that they understand and agree that investing in start-ups (especially with inexperienced entrepreneurs) is a very risky business and there is a real chance that they will lose the entire investment. Angry or impatient or nervous investors can be a big distraction.
     
    jrbiz, Oct 22, 2014 IP
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  9. sweetpea69

    sweetpea69 Active Member

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    #9
    Start small & build it out. If you can consistently turn a profit...or more than likely, you always seem to be breaking even when everything is said and done...than you'll need to scale up. If you don't want anyone else, at least personal, in the mix (sometimes it may just be easier)... Open up up a/another credit card. One of the more hassle free ways for an influx of cash. Granted, you know you can pay it off/timely.
     
    sweetpea69, Oct 22, 2014 IP
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  10. Jim Bean

    Jim Bean Member

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    #10
    You could try Kickstarter.com
     
    Jim Bean, Oct 27, 2014 IP
  11. matt_62

    matt_62 Notable Member

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    #11
    buying or building websites is cheap, the issue is marketing the sites.

    You can develop the worlds best thinga-ma-bob and noone will ever find it. Your marketing plan is the critical factor, and your marketing budget should be larger then your developing budget.

    If you are only considering making basic websites (no complex coding) then at least have a try at creating your own. Muck around on free hosting places (such as cluhost.info) as thats a good place to learn at no cost. Try to install wordpress, (or other) CMS and just have a go at making something and only spend your money if there is something you cannot do on your own.
    Every skill you learn is one less thing that you have to pay someone else to have done.
     
    matt_62, Oct 27, 2014 IP
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  12. web3k

    web3k Member

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    #12
    Some good suggestions; however banks, friends, family etc will eventually want the money back so you should have a plan that shows how they'll get they're money back in time.

    Some other ideas;

    - Approach an investor or a JV (joint venture) - Mark.D offered above, and plently of others would too if they felt the idea was strong enough.

    - KickStarter, or any other crowd-funding source

    Without knowing what the website will do (in vague terms), it's hard to offer any further advice. Depending on what you're trying to build, you could;

    - Seek a grant from your local, state or federal goverment; There are quite a lot of grants available in Australia for new and upcoming technologies, services etc.

    - If you're building a site that will offer something to the public, why not seek donations to start and give the people who donate free access to the service? (a bit like crowd funding).

    - You could go down the path of taking out a line of credit with a bank (not a credit card!)


    Above all, is there anything with the website build you can't do yourself and do it for free?

    Many people think Money is the thing that holds them back from their business dreams, when in fact it's almost always Time. Time is worth more than Money when it comes to building a business.
     
    web3k, Oct 27, 2014 IP
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  13. DinoJRG

    DinoJRG Member

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    #13
    Loan against his property? Is he making his website with Koala's?

    Ask your mother. Everyone's Mom will hook a son/daughter up if they have a great idea!
     
    DinoJRG, Oct 27, 2014 IP
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  14. sweetpea69

    sweetpea69 Active Member

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    #14
    Not everyone's mom or family members have extra money to hand out. "Son, get a real f'in job already." lmfao.
     
    Last edited: Oct 27, 2014
    sweetpea69, Oct 27, 2014 IP
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  15. sarahk

    sarahk iTamer Staff

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    #15
    I doubt he's got access to koalas - more like a never ending supply of maple syrup :)
     
    sarahk, Oct 27, 2014 IP
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  16. KylieSweet

    KylieSweet Well-Known Member

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    #16
    As the other member stated above building and buying a website is easy but to market its product and services will be a tough one that will be requiring your skills, knowledge, and experience in online marketing as well as depending on your competition. There are lots of important factors to be considered first rather than being concerned with where to borrow and how to build.
     
    KylieSweet, Oct 27, 2014 IP
  17. Alex - A2Hosting

    Alex - A2Hosting Well-Known Member Premium Member

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    #17
    How much are you looking for? If you can build a website yourself, do it in your spare time so no money is at risk. If it works out it'll be much easier to source money to expand on that idea / other ideas as you have something to show.
     
    Alex - A2Hosting, Oct 27, 2014 IP
  18. thuthuatwordpress

    thuthuatwordpress Active Member

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    #18
    What kind of website project are you planning to develop?
    If you would like to build an e commerce website, then you can make a team group that invite the technical, a investor,...like a startup.
     
    thuthuatwordpress, Oct 27, 2014 IP
  19. nameless7

    nameless7 Greenhorn

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    #19
    Finding a business partner or investors is a good option
     
    nameless7, Nov 12, 2014 IP
  20. NetStar

    NetStar Notable Member

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    #20
    Now that everyone has given you rainbows and fuzzy bunnies for answers let me give you the brutal truth. The only way you can get a loan with no strings attached is from those who love you. This *MAY* include your parents, grandparents, spouse and possibly that one friend who wants to be more (gender irrelevant). To them your ideas are great and you are so cute. If you seek a REAL investor or loan from a bank or financial institution they want to 1. protect their investment with some sort of collateral and 2. see a great return on their investment. Assuming you have the credentials (successful business history), credit, collateral (ie. your house with equity), and a solid business plan (notice I did NOT say idea) then you fall with in the right category to lend money to. However, your chances are ABSOLUTELY slim to none to secure a loan for a web site. In other words, you AREN'T getting an investment or loan without an existing successful product.

    Now I'm sure right now you are about to cry BUT wait one minute.... there is some good news... The good news is.... You DON'T need a loan or investment to create a web site. You don't need a dollar to implement your ideas. You don't even need to spend a hundred dollars to get your web site launched and running. You don't even need a budget for marketing. So get your thoughts together... get your idea ready.... create your vision.... worry about the money later when you actually need it. Right now you are worrying about your Superbowl victory speech when you should be focused on learning how to catch a ball.
     
    NetStar, Nov 12, 2014 IP
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