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9 Things You Should Do When Starting an Online Business

by Noyal Sharook
written by Noyal Sharook

Beginning a business online can be exciting and terrifying all at the same time.

There are so many things to do during the beginning stages of starting your own online business.

One area that we tend to neglect, is some of the things that we should do before we even ever start our online business.

Here are 9 things that you should do before starting an online business.

Select a Niche

One of the most crucial steps, is to select a niche, and stick to it!

Picking a niche for your new online business can be difficult.

But, if done correctly, it can also be one of the most important things you do.

Choosing a niche allows you to focus on creating a product that caters to your audience.

This will help you build trust and loyalty in them, which is the key to growth for any type of business.

In addition, choosing a niche enables you to test the waters before investing any time or money into something that could flop.

On the other hand, choosing the right niche can also hurt your chances of success.

If you try to start a business that nobody in your area knows about, or cares about, you are essentially throwing your business away.

Finding the right niche takes time and effort, but if you are patient and take action, you will discover the perfect niche for your business.

Create a Business Plan

A business plan is the cornerstone of your business.

It outlines the activities, resources, budget, and timeline for creating your online business.

When you create a business plan, you have a better chance of succeeding, because you aren’t just starting something; you are setting out a framework that you can build upon.

A business plan is more than just a fancy word for a creative vision.

It’s a concrete way of thinking about your organization, its purpose, and how you will get there.

It gives others a better sense of what your end goal is, and helps you stay on track no matter how much you grow or change.

By putting together a solid business plan, you ensure there are no misunderstandings ever surrounding your business idea or product development.

Conduct Product Research

Before you can start your online business, you need to research what sort of products or services you’re going to sell.

What is the purpose of your business?

Who are you serving?

How will you finance your operations?

These are just some of the questions you need to answer.

When you start researching options, don’t get bogged down by the details.

Focus on getting as much information as possible on a product or service and deciding which ones will best serve your needs as an individual or business owner.

Research can be done in many ways: visiting a store, talking to an employee, and asking others who have already started their own business.

To learn more about product research, and market research, I recommend reading this article.

Define Your Target Market

One of the first steps to starting an online business is to define your target market.

What are you going to sell?

Are you going to compete with existing businesses or will you create a whole new business market?

Defining your target market will allow you to research the best companies to work with.

It will also help you find the most effective marketing strategies.

And, it will help you to understand who you need to market your products or services to.

Search Engine Optimization

One of the best ways to kickstart your online venture is to go directly to Google and start searching for keywords related to your industry.

In fact, this is one of the most effective ways I’ve found to get traffic for anything online, including this article.

It’s also one of the easiest, and costs nothing!

Once you find relevant keywords, you need to start creating content that is optimized for search engines.

If you don’t understand SEO, you can take an online course, or you can hire an SEO agency to do it for you.

SEO is crucial as optimizing your content, is what will make your web pages rank in Google and other search engines.

This will bring traffic and potential customers to your website!

Increase Website Traffic

Traffic is one of the most important things for starting an online business.

The more people who see your website, the more likely it is that someone will buy from you.

Starting an online business is challenging, but if you take the time to optimize your website and build an effective marketing plan you can tap into an unstoppable source of traffic and business.

Many new businesses ignore this tactic and fall flat on their faces because they don’t have a plan.

Start with these tips and you’ll be on track to building a solid website in no time!

  • Regularly create high-quality niche-specific content
  • Optimize your content to rank in search engines
  • Create relevant YouTube videos
  • Run a paid ad campaign
  • Be active on Twitter, Instagram, Facebook, and other social platforms

Read this article to discover even more tactics that you can use to increase your website’s traffic.

Use Your Connections

One of the most important things that you should do before starting an online business is to expand your network, and use your existing connections.

Many people underestimate how valuable advice or help from someone else can be.

Networking is like the third leg of your business, and if you don’t develop it properly you could struggle to grow.

Many entrepreneurs take their first couple of steps in entrepreneurship without knowing what networking is, or how to get in touch with others who can help them grow.

Build a network of people around you, that can help you to prosper.

Create Social Media Pages

When you’re starting an online business of any kind, it’s important to have a presence on all the major platforms.

One of the first things you need to do is register your domain and create social media pages for your business.

When you’re ready to launch, you can promote your new site using social media channels until it has at least a few followers.

Social media pages you should create:

  • Twitter
  • Facebook
  • Instagram
  • YouTube
  • LinkedIn
  • TikTok

You can use a social media management tool to schedule your content, and view in-depth analytics for your pages, I like to use Buffer for this.

Start an Email List

It may not be used much at the start, but having an email list is crucial to growing an online business.

So, if you’re serious about starting an online business, start an email list.

It may sound simple, but too many people miss this step.

An email list, is a list of email addresses from people who have bought a product from you, or subscribed to your newsletter via your website.

Then, when you launch a new product, or just want to send an update to your email list subscribers, you can send them all an email at once by using your email list.

There are many tools that can be used for email marketing, but I prefer using ConvertKit, or GetResponse, however, there are also many more tools like these that you can use.

Once you have completed all of these steps, you are ready to start your online business.

We help you build your dream project!

Dedicated Custom Development
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wix
Clone Scripts

Wix Clone Script

by Noyal Sharook
written by Noyal Sharook

Wix is a website where users can choose from a number of professional-looking templates and create an HTML website very easily. You can host your site at Wix servers.

Wix provides numerous attractive templates for your website that are absolutely free and also provide some paid premium features to enhance your website.

From concept to site creation and making it live, it takes less than 30 minutes if you know what you want to create. The tool is useful in making the whole process of creating a website easy for beginners or users who are new to the business.

If you are in search of a Wix clone script then iScripts EasyCreate is the best clone script to buy. Let’s look at both in detail.

A Short History Of Wix.com

Avishai Abrahami (CEO) and Nadav Abrahami – Israeli entrepreneurs and brothers founded Wix in 2006. 

Wix was a flash-based website builder. In the mid-2000s, Website builders like Weebly, Squarespace started at the same time frame. 

The company launched the beta application in 2007, and in 2008 they launched globally. After two years, the company got a user base of 3.5 million with 400,000 new customers each month. 

Two years later, they introduced their cornerstone feature, HTML5 editor. Flash-based sites have poor crawlability with search engines, which was the major problem faced to get a better rank. 

Wix has been on a tear ever since. The platform has more than 190 million registered users, and over 160 million users have created their own websites across the world. 

How Does Wix Work?

wix

Wix is a SaaS application that allows users to build their websites based on the HTML5 standard. It has a pre-built templates that helps users create pages with drag and drop items and editing tools. This process can remove the need for manual coding. 

Most of the time, users consider the templates and customize them according to their project requirements. Wix offers more than 500 templates of various categories. Some of the categories are:

  • Business
  • Blogging
  • Music
  • Photography
  • Fashion & Style

Wix also offers features like buying a domain, logo creating or web hosting. Some of the plans even allow user to add 3rd party app which can extend the site functionality.

Pros of Wix

  • Good Site Speed
  • Massive template collection
  • Drag and drop interface
  • Easy to market
  • Lots of features
  • 24/7 support services

Cons of Wix

  • Templates are not interchangeable
  • The free plan can only be used with Wix branding
  • Tracking and Analytics are paid
  • Not transferable site

How Does Wix Make Money?

Wix.com uses a freemium business model to attract users to its platform. Users usually use the fee plan as a trail to test our the website-builder and then, once they are comfortable, move to the paid plans.

Most of Wix’s revenue comes from subscriptions but they also have a number of upgrade and upscale options to get more out of each customer.

Premium Subscription Plans

wix.com plans

Users opting for free Wix websites will get limited functionalities. For beginners, free websites will have a subdomain as wix.com, which wouldn’t let you connect with your own domain. 

Meanwhile, premium plans will give additional features to users. That includes:

  • Removing Wix ads
  • Higher storage and bandwidth
  • custom domain 
  • Priority customer support

… and many more. The four monthly plans of Wix for standard websites are Connect Domain, Combo, Unlimited, and VIP. Additionally, they have three other business and eCommerce plans.

Domain Registration

The platform allows users to buy their own domain name. The domain price depends on the domain extension, selected years, privacy protection, and tax laws.  

 The user can purchase the domain and get connected once he opts from any offered premium plans. 

Personalized Mailbox

Personalized mailboxes give dedicated email addresses for customers and their employees. The mailboxes are offered with the help of G Suite and Outlook. The mailboxes are also connected with applications such as Drive and SharePoint. 

Mailboxes are linked to customer websites and allow them to respond to queries and provide customer support. Mailbox subscriptions are paid every month, and the revenue from subscriptions is shared between Wix and Google/Microsoft. 

Ascend By Wix

Ascend is a Customer Relationship Management tool of Wix. The businesses hosted on Wix can maintain a trusted, lasting relationship with customers using this CRM tool. 

The features added in the CRM tool are:

  • List of contacts to track potential leads and customers
  • Dashboard to manage customer interactions
  • A live chat option 
  • Customer-friendly forms 
  • Automated processes to send emails to customers in certain schedules. 

Wix Logo Maker

Users can create their own websites or logos on Wix’s logo maker to enhance their company website. After the creation, users have to pay a one-time fee to download and use the picture on their website. 

wix website builder

Wix Clone Script – Online Website Builder Software 

iScripts EasyCreate allows you to clone the business model of wix.com using this PHP open-source site builder script.

If you are searching for a Wix clone script, then iScripts EasyCreate is the best clone script to buy.

Follow these methods to create a complex website.

Features of EasyCreate

  • Advanced Drag and Drop Editor – Users can easily edit their site’s layout by simply dragging and dropping site elements. The user flow has also been improved to enhance overall site creation.
  • Enhanced Template Selection – Offer your users an impressive selection of site designs. Many new and modern user templates have been added to the software!
  • Easily Add Your Own User Templates – Add any Joomla template to your site design options even more.
  • Page Element Widgets – New widgets include forms, Google AdSense, sliders, contact forms, a menu bar, social sharing, and additional HTML content! Users can add widgets to their site at any time. Social Sharing includes Facebook, Twitter, and Linkedin.
  • Usability Enhancements – Overall use of the software has been streamlined. User and Admin functionality, along with the graphical interface, has been improved.

Check out iScripts EasyCreate demo

iScripts EasyCreate Live Demo
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marketplace for farmers
Business Model Study

September Case Study: Wildkale- Marketplace for Farmers

by Mariya Parackal
written by Mariya Parackal

Wildkale is the first online farmers market where you can make a direct order for produce with a local farmer, have it produced or harvested within your schedule, and even get it the following working day. As a consequence, you don’t have to waste time going to the farmers market, but still get produce of higher quality and freshness than at the grocery store. You ger 100% percent local, every time.

Wildkale- A Marketplace for Farmers

Online Farmers Marketplace

Consider that you have to stop at the grocery store en-route home after a long day at work to pick up dinner ingredients. You are looking to buy something wholesome to feed your family. You’ll consider the following for more than 30 minutes:

  • Who produced the food?
  • Before you bought it, how long had the food been on the shelf?
  • How were the animals cared for and how was the produce grown?
  • Is the produce labelled “local” in the grocery store really coming from a local farm or is it from a huge commercial and conventional farms.

The reality of supermarkets is that food is sent from huge commercial farms, which means that it spends days in distribution trucks and warehouses before reaching the store. They only procure from larger farmers, due to higher yields and constraints on uniformity, paying 10 to 20 cents on the dollar in bulk.

Wildkale.com exclusively connects you with regional farms that are never more than a four-hour drive away, so all of the food you find there is always 100% local. In addition to being local and extremely fresh, it is also of the best quality and taste, which you can only obtain at your neighborhood farmers market.

How does Wildkale work? Buy Directly from Farmers

Online Farmers Marketplace

Wildkale is an online open-air farmers’ market which allows customers to purchase fresh produce right from the best nearby farms. The key distinction from supermarkets is that customers may purchase the freshest, best-tasting local food online and have it delivered overnight from the farm to their home in environmentally friendly packaging. As a genuine farmers market, Wildkale lacks intermediaries, food storage, and other protracted distribution systems. The farmer’s barn serves as the sole storehouse.

Follow the four steps to get started:

1. ENTER YOUR ZIPCODE

Users can select a local farmers within a four-hour radius of their homes

2. SEE LOCAL FARMERS

The farmers at Wildkale have their own farm, which helps users to select their desired food. Users can easily find the details about the farmer, products and their practices. Users can see the things they buy and how it is produced.  

3. MAKE AN ORDER

Overnight delivery from the farm will be made directly to customers. Because Produce can get detained in a UPS warehouse, Wildkale producers avoid shipping from Friday to Sunday. Monday through Thursday sees the majority of shipments. The order cut-off times vary among farmers.

4. RECEIVE IT THE NEXT BUSINESS DAY

All food is transported in eco-friendly containers. Food that has to be chilled will be delivered as such in an insulated container with ice packs. There is a fixed delivery price of $5.99.

Because it enables small farmers to ship straight from the farm to the home, Wildkale proposes a unique proposition compared to other online retailer or grocery store. Customers are ensured the freshest, highest-quality, and most practical food!

Wildkale Mobile App

Farmers can also sell their products directly to consumers via the Wildkale app. Farmers may manage orders and inventories using the app right from their mobile phones. The software will send a pop-up message to the farmer informing them of any new orders placed on wildkale.com. From the app, farmers may confirm orders, print shipping labels, and update their inventory.

Online Farmers Marketplace

Looking to start an online marketplace like Wildkale? Check out our clone software:

Check out iScripts MultiCart

View Live Demo !
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open rates email good
Startups

7 Email Marketing Tips to Boost Email Open Rates

by Mariya Parackal
written by Mariya Parackal

Email marketing is by far the most effective online marketing strategy. It should be the cornerstone of any digital marketing campaign, as it helps you build a relationship with your leads.

From capturing leads to nurturing hot prospects, email provides the tools every marketer needs to reach them.

The only problem is that with so many campaigns being sent out, it can often become difficult to get noticed in the inbox.

In this guide, I’ll share 7 actionable email marketing tips that you can use to increase your email open rates.

1. Personalize the subject line using the recipient’s name

One of the most overlooked aspects of email marketing is the subject line.

A great subject line can increase click-through rates, reduce unsubscribes, and increase engagement, which can ultimately affect your bottom line.

If you’re not using the recipient’s name in your subject line, that’s a big mistake.

Here are a few tips to help you personalize your subject line:

  • Personalize the email address. Your recipient’s name is one of the first pieces of information they see when they open your email. Make it easy to recognize you by including their name in the subject line. Don’t use “Dear John.” Use something like “John Smith” or “John Doe” instead.
  • Use additional information about the recipients in the subject line, such as first name and company. This will help them quickly identify with who they’re receiving the message and make it more personal and interesting.
  • Use different words for each recipient — don’t just repeat your recipient’s name throughout the entire email. If you do this, it will be hard for recipients to tell who’s replying to whom and may cause some confusion as to who’s paying attention to whom.

The subject line is the first thing your subscribers see when they open their inbox.

It tells them what’s in store for them if they decide to read your email.

If your subject lines don’t grab people’s attention and make them want to open their email, your open rates will decrease.

Read More: How to Find Anyone’s Business Email Address

2. Improve your subject lines, so more people open them

Your email subject lines should be goal-oriented, fascinating, and actionable. Give people what they want and need to succeed with you.

One of the best ways to do that is by featuring statistics or real-life anecdotes in your subject lines.

People want information that will help them succeed, and they’ll act more on it if they have a strong emotional attachment to it.

For example, if you send someone a newsletter with a subject line that says, “Immediately grow your site’s traffic with these expert SEO strategies,” they’re 100 times more likely to click onto your email than if they read, “Here are some great SEO tips”.

Write email subject lines that convince the reader if they open the email, they will find information that will help them or provide them with value.

3. Have a compelling ‘from’ name

Customers are more likely to open an email from someone they know because they trust them.

If you’re sending out many emails, it makes sense that you want to make sure that your emails are seen by the people who are most likely to read them.

For this reason, it’s worth considering changing your ‘from’ name to something more personal and relevant.

Your ‘from’ name will show up in the sender’s address bar, so you need to ensure that it’s relevant enough for your customers to recognize.

You can use both first names and surnames for this purpose, but reading the email addresses of other companies is not recommended as this can give away vital information about your business.

4. Include an opt-out option

Open rates are the number of people who open your email.

If you’re sending an email to 10,000 people and only 2,000 open it, you’re not doing very well. It doesn’t matter how good your subject line or copy is — if nobody reads it, it’s not going to get results.

The best way to improve open rates is to reduce the amount of junk mail you send out and add a way to opt out for good.

If you have a newsletter with 1,000 subscribers and you want them to stay subscribed, then offer them a way to opt out.

Everyone likes an opt-out — no one likes getting emails they don’t want — and having an opt-out can boost your open rate by up to 20 percent.

5. A/B test your emails

A/B testing email marketing is a way to test the results of different variations of an email.

Using a different version of an email will allow you to see how conversions increase or decrease.

In email marketing, open rates are measured by how many people receive an email after visiting a certain page with the campaign.

They tell you how many times someone opened your email compared to how many times they closed it whenever they received it in the inbox.

The higher your open rate, the more interest you generated from your campaign and the easier it was for people to decide whether or not they wanted to work with you.

6. Keep your email content short and sweet.

While some may believe that more is always better, it’s not always the case.

Yes, you can go overboard with your email content and end up with a bunch of unnecessary fluff, but you need to strike a balance.

Email content should be engaging, interesting, and well-written enough to be read without clicking through to something else.

Bottom line:

  • Keep your email copy short and sweet.
  • Make it easy to read.
  • Don’t repeat yourself too much.
  • Keep your list clean.

7. Encourage users to take an action.

The most common email marketing mistake is failing to include a call to action.

But this doesn’t mean your emails don’t have calls to action.

Of course, they do — but they’re hidden in the subject line and throughout the body of the email instead of in the subject line.

Calls to action aren’t just about getting people to take some kind of action like signing up for your newsletter or visiting your website.

They’re all about encouraging users to take an immediate, specific action that leads them closer to a conversion or goal.

You can create a call to action that encourages people to download an eBook, make a purchase, install an app, start a trial, and so on.

Read More: Top Reasons to build an Email List today

Good Email Open Rate: Conclusion

email marketing

Email marketing is a great way to stay in touch with your existing and potential customers, and it’s also an excellent way to gain new clients and sales.

However, if you’ve been sending out emails without seeing any results or engagement, try some of the actionable email marketing tips above to improve your email open rates.

I hope that the tips outlined in this post were insightful and actionable.

If you have any questions, feel free to send me a message, and I’ll do my best to respond with a helpful answer.

We help you build your dream project!

Dedicated Custom Development
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Shopify clone script
Clone Scripts

Shopify Clone Script

by Aji Abraham
written by Aji Abraham

Shopify is an easy shop builder website for eCommerce store owners. The Shopify tool allows its users to create e-commerce websites and begin selling products online in just a matter of a few minutes.

How does Shopify Work?

Shopify is an online business platform that helps customers to develop an online store for selling their products online. To develop an e-commerce site, Shopify helps businesses to connect with customers by implementing the necessary tools. 

First of all, you need to develop your store and include whatever products you need to sell on it. Check your site to make sure that both mobile and desktop are fit for public view. After that, promote your products. While you are selling a product online, a customer will visit your online store.

Moreover, you can view through the Shopify admin whether customers are buying the product or not. If any customers buy product through the Shopify account, They will transfer the payment to your account after the purchase. While receiving the payment, you can forward the product to the customer, so that it will be received within time. 

Learn how to improve customer satisfaction in your online business?

How does Shopify make money?

Shopify can earn money in various ways from their business. It allows potential dealers to build an online storefront. Shopify produces most of its funds in different ways, such as:

Subscription

They will earn through monthly subscriptions.

Mainly three subscription plans are offered for most of the business.

1. Basic Shopify plan

The basic cost is $29 per month for contributing fundamental features and services to start and manage a small e-commerce store.

2. Shopify Plan

For granting advance point of sale service features, need to pay $79 per month.

3. Advanced Shopify Plan

This is the best subscription if you have a huge volume of business and merchants. It provides very less service charge for each transaction among all subscriptions, and it will cost $299 per each month. The other two subscription plans are Shopify Plus and Shopify lite. 

4. Merchant solution fees

The merchant solution fee is the other major earning income source of Shopify and it has its own payment option. Subscription charges are different according to their plans. For the basic Shopify, they will charge 2.9 percent and an additional charge of 30 cents for each transaction. For Shopify, it will be reduced to 2.6 percentage and an addition of 30 cents for each transaction.

The rate will again decrease to 2.4 percent for the advanced Shopify and an extra of 30 cents for every single transaction done through Shopify payments.

5. Payment gateway fees

This is another earning method of Shopify, other than subscription plan, Shopify charges a fee for the usage of payment gateway. The charge was different according to each subscription plan.

For basic Shopify subscription plans, they will collect a 2% for each transaction. But for Shopify, it will be only 1% for each transaction. And for advanced Shopify, they will charge a small fee of only 0.5% for every single transaction.

6. Point of sale service

This is a software service in which we can track our sales information and transactions that are happening in your physical stores. This also provides consolidated data that blends in-store and online store. The point of sale features is changing according to the subscription plans.

The Shopify point of sale app and the third-party POS app are only available for the basic Shopify subscription plan. The main difference between Shopify and advanced Shopify is in the case of a store location. 

Shopify also can earn through the sale of themes through the store by the users on a regular fee, and they also provide many add-ons and integration to other sites. This is also a reason for the earnings of Shopify.

Learn more about the role of mobile applications in online business.

Pros and Cons of Shopify

While using Shopify, there are many advantages and disadvantages. Shopify is a good choice for many merchants, but for some, it is not at all good. The following are some reasons why merchants choose Shopify.

Pros of Shopify 

1. Low start-up cost 

The start-up costs for Shopify are normally very low as compared to others. The monthly charge of Shopify can be affordable for merchants to set up. 

2. Detailed Shopify admin

The Shopify app provides a detailed statement and features which will be helpful for the merchants to understand the performance of your Shopify store. Through this, you can understand which is your best performance product page and can view your real-time website visitors. Shopify is a complete tool for online merchants, which permits you to have better deep knowledge and details of your online stores.

3. Easy to use

The main reason for the merchants to attract Shopify app is the comfortability and accessibility to use this Shopify. This is mainly developed for the illiterate merchants. The tools and other features for selling, adding products and creating discounts are very easy to understand. 

4. Support Options

There are a large number of support options available while using Shopify. Technical support can be easily accessible every hour of the day through your mobile phone, email or live chat. So the availability of helpline accessibility after the business hours is more useful for the customers.

5. Beautiful Themes

There are many varieties of paid and unpaid mobile themes available for the subscribing merchants.

Learn how mobile apps promote your online business?

Cons of Shopify

1.Definite Functionality 

Shopify provided with all of the features to develop an online store for the smaller merchants. Every business has some specific necessities, but usually, Shopify doesn’t have such features in order to meet those definite needs. 

2. Expensive add-ons

Shopify lacks some advanced features. These features have to be found by you in the form of add-ons. These are not free. We have to pay for the add-ons approximately double your monthly fees.

3. Success is not Shopify’s guarantee

Shopify is just an opportunity for success. It has lots of features and apps that make an online store easier. The issue regarding the success of your store is actually up to your business skills.

You need to well prepared by learning the business skills through Shopify and need to have the skill to promote your products that will be more attractive to the customers. So from this, you can understand that success is not in the hands of Shopify, but it is your responsibility and success is in your hands.

4. Transaction Fees

Even Though most of the shopping carts have released their transaction fees completely, Shopify has maintained its 0.5% to 2.0% feed, which depends upon your pricing plan.

5. Strained customer support

Shopify has been well known for its active customer support in the past years, while it seems their support team has experienced their increased strain this past year. So that Shopify’s client load increased very aggressively and their support is struggling to keep up.

Learn how add-on mobile applications improve your business?

You can create an online store builder like Shopify using the Shopify clone script – iScripts GoStores.

iScripts GoStores is an easy tool to build and host your own online store creation business. Apart from the shopping cart hosting system this unique online store builder software also includes billing, account management and helpdesk support systems.

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Startups

5 Accessible Ways to Get Startup Funding

by Noyal Sharook
written by Noyal Sharook

Just getting started with your online business?

Perhaps you’re looking for ways to secure startup funding to get your business off the ground, just like many other startups.

Whatever the case may be, securing financial resources is essential for businesses of all shapes and sizes.

If you have a valid concept or idea, then funding could be what you need in order to get your startup up and running.

Should you rely on family and friends to fund your startup? Are there other options?

In this article, we’ll go through 5 ways you can get funding for your startup.

Crowdfunding

Accessible startup funding tools like Kickstarter, and Indiegogo are great alternatives to traditional bank loans.

Crowdfunding is a great way for startups to raise money when they don’t have the capital to fund their business.

The idea behind crowdfunding is that people can see your product or service in action before they commit to funding it.

This makes it easier for potential customers to invest in your company and potentially reap the rewards of its success.

Kickstarter and Indiegogo are two of the most popular crowdfunding sites, but there are many others — such as Fundable, Crowdfunder and GoFundMe — that you can explore if these two aren’t available in your area.

Each site has its own rules and regulations, but they’re all easy to navigate if you know what you’re doing.

Venture Capitalists and Angel Investors

VCs typically invest a lot of money, and their investments have a very high rate of return – over 200% in some cases.

But VCs don’t typically provide funding for startups that are just starting out.

In the early stages of a company, founders often need to find other sources of capital – from family members or friends, from small angel groups, from local banks, from angel investors – to help them grow their businesses.

Angel investors can be a natural fit for startups at this stage, because they’re interested in your long-term growth and success as much as you are.

They want to make an investment in your company, and they want to be part of the future success of your company.

If you are looking to raise funds for getting technical infrastructure and guidance, there are even firms like Codeventures who can help you build your startup from scratch in return for equity. They will essentially act as your CTO or Technical Cofounder.

Read more: How to Find Developers for your Startups with Equity?

Small Business Loan

In a nutshell, small business loans are ways that businesses can receive funding from private investors or banks to fund start-up costs.

These loans are categorized as either secured or unsecured, and secured loans require you to put up collateral for the loan in order to secure the loan.

Unsecured loans, however, do not require any form of collateral to be used for securing the loan.

Before applying for a small business loan, there are some factors you should consider:

Do you have solid credit? If you don’t have good credit score, then you will most likely get rejected for a small business loan.

Ask yourself if your income is sufficient enough to cover the repayment of the loan.

If it isn’t, then you may want to reconsider asking for a small business loan.

Conversely, if your income is too high (above the bracket for a small business loan), then it may be hard to get approval.

What is your net worth? You should also consider how much debt you currently owe, and how much money you have in your savings account.

Your net worth should be equal to or greater than 80% of what your monthly expenses are, so that there is no excess debt that could hurt your business when it’s time to repay the loan.

What type of business are you starting? It may seem like an obvious question, but one that many people forget about when they’re trying to start their own company.

The size of your business may determine which type of financing option would work best for you.

How long do your plan on keeping the company open? If it’s less than five years, then chances are, you will be rejected for a small business loan.

Friends and Family Funding

This is the least invasive and most common form of funding, and it’s also both the least and most controversial.

It does take a lot of work, though.

You usually have to give your friends and family a presentation that explains your business idea and how you’ve come up with the idea or product.

Then, you’ll need their help in putting together the startup.

Your friends and family may be willing to invest, but they will want something in return.

Most likely, they’ll want startup equity.

Maybe they’ll want a small percentage of your company, or a percentage of whatever money you make after it’s sold.

If this is the option that you go for, you will need to talk to your friends and family to see if they would be interested, and then you can start talking numbers.

Credit Cards

Credit cards are widely considered to be the most accessible form of funding for startups, and small businesses.

With credit cards, you can secure a line of credit without providing collateral in the form of cash or personal assets.

The downside is that you will need to make payments on time, or else risk having credit card fees that could put you out of business.

If you’re going to rely on getting a credit card to fund your startup, it’s important that you always pay more than the minimum payment, get a credit card with a low interest rate, and never go over your credit limit.

If you need to know more details about Startup Funding, check out Codeventures’ Startup Guide

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