Creative Financing Options For Your Business | Ep. #1564

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.6 • 1.4K Ratings

🗓️ 17 November 2020

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode #1564, Neil and Eric talk about creative ways to finance your business that do not involve bank loans or venture capital. You will hear about revenue-based financing options, deferring down payments, and how you can use a combination of these strategies to get the wheels in motion. Be sure to tune in today! TIME-STAMPED SHOW NOTES: [00:25] Today’s topic: Creative Financing Options for Your Business. [00:33] Unpacking the financing options that are available. [01:04] Revenue-based financing and how this helps SaaS companies with recurring revenue. [01:59] Why getting a personal guarantor on a loan is a creative financing option. [02:37] Deferring down payments; another imaginative finance solution. [03:33] You can combine several strategies to fund your business. [03:38] The benefits Neil has seen using performance-based deals. [04:26] Companies that can help with revenue-based financing. [04:45] That’s it for today! [04:45] To stay updated with events and learn more about our mastermind, go to the Marketing School site for more information or call us on 310-349-3785! Links Mentioned in Today’s Episode: Pipe Stripe Naval David Sacks on LinkedIn Roland Frasier Lighter Capital TIMIA Capital Leave Some Feedback: What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review. Connect with Us: Neilpatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Welcome to Marketing School, the only podcast that provides daily top-level marketing tips and strategies from entrepreneurs that practice what they preach and live what they teach.
0:11.5	Let's start leveling up your marketing knowledge with
0:14.0	your instructors Neil Patel and Eric Sue.
0:19.2	All right guys before we start we got a special message from our sponsor.
0:24.0	If you want to rank higher on Google,
0:25.9	you got to look at your paid speed time.
0:28.5	The faster your website loads, the better off you are.
0:31.3	With Google's core vital update,
0:33.0	that makes it super, super important
0:34.8	to optimize your site for low time.
0:37.6	And one easy way to do it is use the host
0:40.0	that Eric and I use, Dreamhost.
0:42.0	So just go to Dream Host or Google it.
0:44.8	Find it, check it out, and it's a great way
0:47.0	to improve your low time.
0:50.4	Welcome to another episode of Marketing School. I'm Eric Sue and I'm Neil Patel and today
0:55.6	we're going to talk about creative financing options for your business but first
1:00.0	Neil what exactly do we mean by financing options?
1:03.0	Sure, so right now the way most people raise money is either a bank loan and they get a loan and they try to grow and that's not that popular because it's hard to get bank loans.
1:13.7	And the other normal option is you go to investors and try to raise,
1:16.8	whether that's venture capitalists, friends and family,
1:19.4	but those are the main options that people used to raise money but those aren't the only
	...

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