| Author |
Message |
Butterfli
Member
Joined: 1 Sep 2009
Posts: 5
|
# Posted: 7 Sep 2009 09:34
Reply
Hi all, just wondering if any of you got or tried to get a small business loan of some sort to start up your biz? Or if you know anything about getting one? I thought since I'm a single mother I might have an advantage to getting a small loan but it doesn't look like it. I checked on SBA.gov and it looks complicated as hell for someone who's just looking to start a small eBay biz.
|
joanpeterson
Member
Joined: 29 Jul 2009
Posts: 39
|
# Posted: 7 Sep 2009 11:33
Reply
I think most financial institutions would likely NOT give you funds to start a biz online. Banks will want to see a business plan and will be keen to see that there is a high chance of profitability. And in this economic crisis, things will be even tighter with banks.
And before you start spending a lot of money online trying to earn money online, ensure that you have researched your niche well. You don't want to get into something on ebay that has so much competition that you are unlikely to make the income you are seeking.
__________________
|
mountainmom5
Joined: 30 Aug 2007
Posts: 1850
|
# Posted: 8 Sep 2009 09:01
Reply
joanpeterson: And before you start spending a lot of money online trying to earn money online, ensure that you have researched your niche well. You don't want to get into something on ebay that has so much competition that you are unlikely to make the income you are seeking.
VERY good advice!
Why would you make a loan to start an Ebay biz?
There are online programs to help you get started with Ebay for under a hundred bucks.
If you don't HAVE the money needed to get started... sell things on Ebay that you have lying around the house till you have it.
__________________
|
