|
Dear Friend,
This email contains a creative method for getting the
money you need to start your cart or kiosk, even if you
don't have the funds, and you can't raise the funds through
more traditional methods.
***
In an update sent earlier this year, I wrote about how I
helped one of my salespeople who was short on funds open
his own mall cart.
http://www.kioskexpert.com/open-multiple-052507.htm
After I arranged for this salesperson to open, it occurred
to me that there might be other people like him that also
could use the help to open their own cart.
I placed an ad similar to the following in the business
opportunity section in the local paper:
"Made $114K at the Mall Last Xmas.
Expanding. Seeking Partners w/ lots
of time and little money. 612-605-1115"
I got a ton of phone calls, and ultimately helped three
more people open a cart that season in the Minneapolis
area. And split the profits with each of them.
Most of the people that called needed the financial help
to get started. "...lots of time and little money." Those
were the people I was looking for.
But I got a lot of unexpected calls as well.
About a quarter of the responses were from people who
had enough money to get started, but weren't interested
in operating a cart themselves.
They were looking to put up the money... and have someone
else do the work... in exchange for a share of the profits.
***
Here's the point of this email...
At any given time there are LOTS of people willing to put up
the money you need to start your business.... in exchange for
a portion of the profits.
To find them, you have to do a little outflow.
If you are in this situation, here's what to do: Place an ad
in the business opportunity section of the local newspaper
similar to the following:
"Starting Xmas Mall Kiosk. Looking for
a partner. If you put up the cash. I'll do
the work. We'll share the profits. $15K
needed. Call Brady, 612-605-1115"
Advertise in your local paper, on Craigslist online, and any
place else that you think might be appropriate.
You'll get calls. From people with money to invest. People
that are willing to help you get started. You just have to
agree on an equitable split of the profits.
How much you share of the profits is up to you and them.
Typically the split will be a function of how much cash
you need, and the kind of deal you are able to negotiate.
The less you need, the lower percentage of the profits
you'll likely to have to share.
****
If you don't have the cash on hand and don't have access
to funds in any other way, advertising for an 'investor'
is a solid way to get the money you need to get started.
You give up a portion of the potential profits. But a
percentage of something, is often better that 100% of
nothing.
And you get to get started in business, when you might
not be able to afford it otherwise.
***
Best,
Brady Flower
P.S. Are you thinking of opening a holiday cart or
kiosk, but don't know what's involved?
Register for my free, seven day mini e-course on
'How to Open Your Own Mall Cart or Kiosk Business.'
It'll cover some of the basic issues you need to
take into account when starting your first cart or
kiosk. You can register here:
http://www.kioskexpert.com/XmasMiniCourse.htm
|
