Hello,the sba page has many information and Im lost,just seeking the help
that I need to obtain either a grant or loan to expand in my busisness.Is
been a month now that I join the Empower Network from Florida and all I know
so many people are joining in by the thousands each day.Im on the basic level
working my way up which they have five levels and it would take me forever to
reach the 5th level cause of marketing costs.I would like to ask the sba what
exactly do I need and where to go for financing and what programs or services
do I qualify for been disabled looking for a better future and a better
lifestyle!Thank You/William Perez
Couple of things. First, the Empower Network looks like a scam. It appears to
be a get rich scheme where they take your money with the promise that you
will get rich. But, the only ones that makes any money is them.
Second, no lender will loan money for marketing - most lenders will require
some security - like collateral against the loan and marketing does not
provide any collateral.
Third, there are many ways - free ways - to market a business - think about
social media, cold calling, getting out and hitting the pavement or even
creating a SEO enabled website. All free. Thus, if you can use these sources
to get your business going and then use the funds or revenue generated there
- then you will have all the marketing dollars you need. Example: You use
your social media network to make $200 over the next week. Then, you take
that $200 and put it into you marketing efforts and try to earn another $200
from that. Thus, a week later - you should have another $400 (half from your
social network and half from plowing back those funds into your marketing).
You continue to do this - doubling your revenue each period until you get to
the point that you don't have to take all your revenue and plow it back. That
is how you start a business in a nutshell.
Forget about loans or grants - it is very unlikely that you will get either
and thus are just wasting your time. Instead, take those efforts and find
free ways to drive customers to your business.
BizResearcher | Window Shopper |
11/20/2012 - 11:43 am
Unfortunately, grants are not available for starting a for-profit business
unless you have invented a new technology or a unique way of using natural
resources. I am not familiar with Empower Network. If, as it sounds, it is a
multi-level marketing business, then your chances of obtaining a loan are
slim. A counselor at a small business development center or SCORE office can
evaluate your business plan and direct you on how best to proceed.
Unfortunately, grants are not available for starting a for-profit business unless you have invented a new technology or a unique way of using natural resources. I am not familiar with Empower Network. If, as it sounds, it is a multi-level marketing business, then your chances of obtaining a loan are slim. A counselor at a small business development center or SCORE office can evaluate your business plan and direct you on how best to proceed.
Sorry BizResearcher, but your statement is not exactly accurate. There ARE
small business grants available for business start-ups and expansion. They
may be somewhat difficult to locate, but small business grants DO EXIST. I
have spent the better part of this year researching this subject and have
personally spoken to individuals who administer small business grant
programs. Feel free to take a look at my ebook, Small Business Micro-Grants:
Funding Start-Ups Unconventionally. It is available in the Amazon Kindle
store. You can also check out my blog: www.smallbusinessgrantnews.com By the
way, Empower Network does sound like a MLM business and it is very unlikely
that anyone would give a loan or grant for this type of business.
JGabriel | Community Moderator |
11/20/2012 - 10:18 am
Hi William, try getting in touch with a local Small Business Development Center or SCORE, two of SBA's resource partners. They're located across the country and provide free business counseling and answers. Visit our local assistance guide to find your local SBA resource partners by entering your zip code. One approach that may be useful is talking to a mentor who could offer you specific guidance. Good luck!
BMT | Window Shopper | 11/29/2012 - 7:55 am
be a get rich scheme where they take your money with the promise that you
will get rich. But, the only ones that makes any money is them.
Second, no lender will loan money for marketing - most lenders will require
some security - like collateral against the loan and marketing does not
provide any collateral.
Third, there are many ways - free ways - to market a business - think about
social media, cold calling, getting out and hitting the pavement or even
creating a SEO enabled website. All free. Thus, if you can use these sources
to get your business going and then use the funds or revenue generated there
- then you will have all the marketing dollars you need. Example: You use
your social media network to make $200 over the next week. Then, you take
that $200 and put it into you marketing efforts and try to earn another $200
from that. Thus, a week later - you should have another $400 (half from your
social network and half from plowing back those funds into your marketing).
You continue to do this - doubling your revenue each period until you get to
the point that you don't have to take all your revenue and plow it back. That
is how you start a business in a nutshell.
Forget about loans or grants - it is very unlikely that you will get either
and thus are just wasting your time. Instead, take those efforts and find
free ways to drive customers to your business.
BizResearcher | Window Shopper | 11/20/2012 - 11:43 am
unless you have invented a new technology or a unique way of using natural
resources. I am not familiar with Empower Network. If, as it sounds, it is a
multi-level marketing business, then your chances of obtaining a loan are
slim. A counselor at a small business development center or SCORE office can
evaluate your business plan and direct you on how best to proceed.
polatbusiness | Window Shopper | 11/30/2012 - 5:55 pm
small business grants available for business start-ups and expansion. They
may be somewhat difficult to locate, but small business grants DO EXIST. I
have spent the better part of this year researching this subject and have
personally spoken to individuals who administer small business grant
programs. Feel free to take a look at my ebook, Small Business Micro-Grants:
Funding Start-Ups Unconventionally. It is available in the Amazon Kindle
store. You can also check out my blog: www.smallbusinessgrantnews.com By the
way, Empower Network does sound like a MLM business and it is very unlikely
that anyone would give a loan or grant for this type of business.
JGabriel | Community Moderator | 11/20/2012 - 10:18 am
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