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You can get your customers to give you a 100% interest loan that you repay in service.
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Key takeaways
- If you want to start a business but don't have any cash to do it, this is one thing you can do.
- And so, you can also clarify the fact that this is going to help you establish the business, hire more people, etc.
- But, a lot of times you can cash flow the entire opening of a business from pre-selling two years of service for a one-year price.
- And so, usually it's a very high cash flow producing way of making money up front to start your business.
Chapters
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Abschnitt 1 If you want to start a business but don't have any cash to do it, this is one thing you can do.
Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00If you want to start a business but don't have any cash to do it, this is one thing you can do. Sell two years for the price of one. It's a huge discount, but the reason they get the discount is because they're going to pay up front for it. And so, you can also clarify the fact that this is going to help you establish the business, hire more people, etc. You're not putting in your pocket. But, a lot of times you can cash flow the entire opening of a business from pre-selling two years of service for a one-year price. And so, people are willing to do that. And the thing is is when you have two years of service up front, they're basically giving you a cash advance. You're paying them back in fulfillment over time at cost. And so, usually it's a very high cash flow producing way of making money up front to start your business.