Sell it All

When you’re first starting off with a new company you may be tight for cash to get your business going. I remember when I first started Cashcampus I sold just about everything I had for startup cash.

I was an ebay maniac for some time. I sold books, leather jackets, tapes, CDs, video games, my digital camcorder, an old pda, and even my car. I just had this state of mind that all of these material things didn’t mean much to me when I thought about the long-run of how I can use the money to grow my business.

The one thing that I probably miss the most is my car. It was a nice black Honda Civic that my parents bought me when I turned sixteen. I loved that car. Before I sold it I probably put around $5,000 into it to make it look like one of the cars from Fast and the Furious. Who wants to race!? Oh well it’s not the end of the world, it’s the opening of a new one.

If you really love your business and you don’t have a ton of cash to help it get going, then get creative and try to liquidate some of your belongings to raise some capital. I’m sure that you have plenty of things that you can afford to sell, just think about it.

4 Responses to “Sell it All”

1

Did liquidating your belongings help your business in the long run? How much money did it cost to start up your business anyway?

2

Yes, I liquidated my belongings to help support my business, i.e., hosting fees, marketing, books, flyers, stickers, etc…. the list goes on. I am in the web business, so the biggest expense is paying for dedicated servers which is upwards of $150 per month.

3

you there’s one way start up business by using OPM= OTHER’S PEOPLE MONEY…….. but this u had to like joined those education business crouse and they got provide OPM to let u build your business until one day u got the $ and pay them back……………

4

Roy:

Yeah I’ve gone that route, using other people’s money, but I have found out from my experience that it’s best to try to grow on your own without the use of other people’s cash. I guess I just want to grow organically for now…it’s definitely tough because I’m usually strapped for cash, but everything has a way of working out sooner or later.

PS. If your talking about real estate and using the bank’s money to purchase homes, then you’re right on the money about using the OPM tactic. But for a web company, it’s a bit different…

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