Are you a freelancer or maybe trying to become a freelancer and take advantage of the new gig
economy, well then you're in the right place because during this training we're going to
talk about exactly how you can get the money you need to either launch a freelancer business
or to actually grow and scale one during this training we're talking about how to get money
as a freelancer even if you've tried before even if you've been denied we're going to
talk about how to get the money to launch as a freelancer and to be able to get the money to
actually grow and scale we'll talk about multiple different ways, including specialized financing
that's especially for the gig economy we got a lot to cover, so let's dive in.
So let's start right from the beginning why is it so hard for freelancers to get the
money they need, well ultimately it's because a lot of freelancers don't set themselves up
with their actual business look if you're a freelancer or you're looking to launch
the freelancer you want to set up your own entity you want to make it your own business
because in doing so you open yourself up to all different kinds of business financing
now how do you do this the right way, well it's called fundability what you want to do is get set
up with the right entity right from the beginning and set it up in a way where lenders want to give
you money now this is called building a fundable foundation it's like understanding what lenders
and credit issuers want to see and then creating the structure of your business, that way to set it
up where they want to give you money, they want to give you credit lines loans and credit cards
so how do you do this, well we'll start right from the beginning of the process you want to make sure
that you set up a business entity you want to go to your Secretary of State and either get set up
as preferably a corporation or even an LLC you want to stay away from high risk business names
so for example, you can quickly do a search of NAICS codes or the codes that actually designate
certain industries and do a search for high risk NAICS and avoid names and industry codes that
put you into a high risk category, you also want to make sure you have a real business address now
obviously if you're a freelancer you might not need a real retail location, and this is where
virtual offices become so important you can go to places like Alliance Davinci or even Regus set up
a virtual office which makes it look like you occupy a space in a high-rise building in Tampa
Florida even though you're really just operating in the gig economy as an actual freelancer plus
you want to get a phone number separately for your business now you go to places like ring
central freedom voice all different kinds of online virtual phones are available, but this will be
separate business phone than your home phone separate than your mobile phone
you never want to use your mobile phone or home phone as the actual phone number for your
business otherwise, a lot of lenders aren't going to want to give you loans credit lines and credit cards
you want to make sure that phone number is toll-free you want to make sure that phone
number is listed with 411 as well if you can get a license for your business get one it goes
a long way to lenders and credit issuers to tell them that you are a credible legitimate business
and make sure you register for your free EIN it's available at irs.gov and just by having
the EIN number gives you a ton of credibility also make sure you set up a business bank account and
if you're going to be accepting credit cards from customers make sure you set up a merchant
account as well look all these things go a long way to giving you credibility and to round out a
fundable foundation make sure you get a website and email address that matches the domain of your
website if you've done these things, you've set yourself up as a credible business, you've given
yourself a strong fundable foundation and set yourself up and positioned perfectly to be able to receive money
now that you set up a fundable foundation how do you start getting money, one of the easiest
places to get money as a freelancer is by building business credit look even as a startup business
you can get all kinds of high limit credit cards to be able to start grow and scale your business
now you want to do this by building that fundable foundation then you want to start
getting approved for vendor credit that works for starter businesses, we call this starter vendor
credit because any business can get it if you have a legitimate entity and you set up your fundable
foundation the right way you can get approved so for example, there are places like Grainger Uline
even strategic network solutions that will give you credit when you have none, they'll give you
500 to $2,500 credit lines just because you have a legitimate business, so go buy things at their
location up put them in your cart, go to checkout apply for credit and when they ship the items well
congratulations you know you've been approved make sure you pay those accounts timely as soon
as you can pay them after the items are shipped, they'll then appear on your business credit reports
with Dun & Bradstreet Experian and Equifax giving you an actual credit report with each of the
reporting agencies now once you have five of these type of accounts then you can start to get approved
for all kinds of real vendor credit with almost every major retailer, so Amazon Walmart Home Depot
Lowe's Best Buy Apple almost every kind of major retailer will give you a corporate credit
card without a personal guarantee without a personal credit check with even limits of 5 10
$20,000 or higher just because you've built that initial business credit profile and score now
when you continue to grow and get more and more credit and use that credit and have 14 accounts
on your business credit reports then you can start to get approved for bank credit which is
Visa cards MasterCard even auto financing and all of this is available without a personal guarantee
and credit check as a matter of fact business credit's the only way that you can get money for
a business without collateral without verifying cash flow and without having any kind of credit
check so that means no matter how good or bad your personal credit may be even with no cash flow and
with no collateral, you're still able to secure high limit credit cards with business credit
now I'm going to let you in on a little known secret that a lot of freelancers know nothing
about and it's called Giggle now Giggle is actually a financing source specifically for
freelancers is specifically for people taking advantage of the gig economy there's no hidden
fees there's no credit checks no credit requirements if you've been in business
3 months or more there's a good chance you can get approved now here's the nice thing you can
get a proof for $5,000 fairly easily within minutes with little to no hassle whatsoever
so Giggle finance is a great way to be able to get the money on top of business credit to
be able to fund your new gig business to be able to excel as an actual freelancer
want to learn more, well all you have to do is actually check the link in our bio to
get approved with business credit to be able to get the step-by-step guide to be able to succeed
and to be able to get approved with Giggle financing as well and by the way if you got
value from this training make sure you like and subscribe and keep your eye out for our next
training where talk about more cool ways to get the money you need to start and grow your
business.