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One of the way
that you can finance your business is to seek
financing from potential consumers. This
option does not require that you give up any
equity in the company.
This is done
by asking them to pay you in advance for a
product or service that you will deliver at a
later date.
This option
can be executed directly by contacting potential
consumers or it could be done through a
crowdfunding site.
This is not an
easy approach. Consumers will have to be
convinced that the product or service is
something of great value and worth paying in
advance for it. They also, have to have a
great deal of trust in you.
You have to be
prepared to deliver the product or service that
you promise or be ready to refund the money.
Think of this
option carefully and proceed with caution.
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