Need money for your #smallbiz? Consider customer financing: #GrowSmartBusiness

Need Business Financing? Ask Your Customers to Lend a Hand | Network Solutions Small Business Blog

Need money for your #smallbiz? Consider customer financing: #GrowSmartBusiness

Customer financing works best if you can offer your customers something tangible in return for their investment. For example, a restaurant could sell a $100 credit that’s good for $125 of food. It’s also important to communicate honestly and openly with customers who invest in your business. Emphasize that the money will be used for growth and expansion to make your business even better (you shouldn’t use customer financing to keep a flagging business going). This will give customers confidence that you’re not going to take their money and run.

Full article: http://www.networksolutions.com/smallbusiness/2011/09/nee...

Tweets

@SynergyBizNWA » 04 Oct '11, 7pm
Need Business Financing? Ask Your Customers to Lend a Hand [link] One more source of alternative financing to add to the list.
@rmarigorta » 25 Sep '11, 6am
RT @ei_dlucey: Need money for your #smallbiz? Consider customer financing: [link] #Entirl
@ei_dlucey » 22 Sep '11, 6pm
Need money for your #smallbiz? Consider customer financing: [link] #Entirl
@aboutourwork » 22 Sep '11, 4pm
RT @Rieva: Need money for your #smallbiz? Consider customer financing: [link] #GrowSmartBusiness
@Rieva » 22 Sep '11, 3pm
Need money for your #smallbiz? Consider customer financing: [link] #GrowSmartBusiness
@delwilliams » 22 Sep '11, 4pm
RT @Rieva: Need money for your #smallbiz? Consider customer financing: [link] #GrowSmartBusiness