After we examined some of the most popular methods for financing online projects, let us go back to the option when you can finance your project on your own with $100, $1,000 or $5,000, and this is the most common method of starting a business.
When your own money is invested in a certain project, you fully feel the weight of your decisions and have stronger desire to bring things to a successful end. Only then you will be really interested in making your project successful as soon as possible. When you have financing of $3 million provided by someone else, you can be certain that you will have a delay of at least one year before you start.
In addition, you can be certain that when the three-million budged starts getting exhausted, you would start working 80% more efficiently than when your bank account was full. This is just the way people are, while those who are dealing with online business are usually more freedom-loving and they rather prefer to be free than chasing deadlines. And this is the big delusion – the really successful online businessmen are those that have kept the deadlines, worked much more than anyone else, and what is most important – who decided to exchange their freedom and laid-back life for another one, full of tension and stress, which will bring the much desired success someday.
In this sense, if you start an online business so that you can drink a cold mojito at a seaside bar… let’s be honest, it will not happen. Every business requires hard work. Online business is no different.
In case you decide to finance your project on your own, from the very beginning you will probably want it to start making money as soon as possible so as to support yourself in the next months. Won’t you! Now, you already think as an investor!