For you to make a business idea a reality, money must be involved.
That’s the fact.

You may have read so many articles in the internet stressing how to start a business with zero capital. But I tell you, in a proper sense, you need a capital.

Now you have that perfect business idea with properly laid down strategies on how to succeed. You will have to put in money to make it happen.
This is the point where most aspiring entrepreneurs give up.

How to Raise Capital to Startup Your Business

1. Sell what you don’t need

Most of us actually have properties that we no longer need. For example, I sold off our spoilt desktop computer to raise money. You can also do that. You may have spoilt TV, bicycle and other properties, you can sell it off and save up the money to start a lucrative business of your choice.

2. Borrow Money from Family/Friends

All you just have to do is to share your business plan with your family members or friends. They will be willing to support you by all means.

3. Go for Bank Loan

I know so many people are afraid of getting a loan from the bank due to the processes involved. But I tell you, it's one of the best strategies to raise money to start a business. That's how Dangote and other successful businessmen go money to start their multi-billion dollar company.

4. Growing Capital – Spend Less, Save More

This method will definitely take a long period of time. In this method, you start saving more money by reducing your expenses. Especially for those who are still students and depend on their parents, you can save money by obeying the 80/20 rule. You use 80 per cent of the monthly allowance your parents give you and save up 20%

5. Get A Sponsor


You can raise capital by being sponsored by someone or an organisation. Getting a sponsor is best recommended when you have gotten to a certain level in your business (or even if you’ve not started yet), but if you believe your ideas or skills are good enough to land you sponsors, then it's a risk surely worth taking.

6. Get a part time job

These are part time jobs you can get very easy (in just 2-4 weeks of application)
• Teaching: they are many schools out there where you can teach and get paid at the end of the month.
• Tailoring: If you really know how to sew shirts, trousers and boxers, you can go for it. In this job, you are being paid according to the number of clothes you sew in a week.
• Sell Recharge cards: Get to Telecommunication company offices (MTN, Airtel, Glo and 9Mobile). Buy the recharge card in bricks and resell at your home. This will definitely take you time to get the amount of money you need to start your business.


7. Working As An Affiliate

If your dream business has a company or organisation offering affiliate jobs, then that could be your best option. The benefits are twofold. You get some job experience and capital as well.

The company pays you a commission for any sale you make. You save up your commission to start up your own business
For instance, if your dream business to own a book store, you could work as an affiliate for an established book store, who pays you a commission for book sales.

SOURCE: www.passionentrepreneurs.com/raise-capital/




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Remember, before you think of going for a loan, you must have a collateral