How to get Funding for your Rap Career or any Business in a few days?
Business loans are a great way for rap artists to take control of their own brand, allowing them to be able to create new strategies and plans, as well as finance projects that further their career.
Through the use of funding, they can use this money to strategic marketing and advertising in order to draw more attention and fans towards themselves who will buy tickets to shows, purchase merchandise or listen to their music on platforms like YouTube and Spotify. Such investments can help extend an artist’s reach by enabling them to promote themselves across multiple channels and increase visibility.
Moreover, business loans can also be used for creating physical products that act as additional sources of income. Rap artists can create albums or mixtapes, t-shirts or other physical products that they can then sell directly to their fans at concerts, on their website or through third-party retail outlets. This type of income is especially helpful for new and upcoming artists who have limited resources available in terms of money and time.
In addition, securing business funding also allows rap artists to invest in the development of music videos which are essential for gaining exposure. Having the ability to produce high quality music videos on a regular basis helps increase visibility which increases overall fanbase engagement with an artist’s work. Music videos also serve as a form of entertainment that fans enjoy watching which helps build connections with new listeners and keeps existing fans engaged with the artist's content. Slap Magazine has a
### 90-Day Plan to Secure Business Funding
**Objective**: Establish a business presence and demonstrate financial activity to increase the chances of loan approval up to $500,000 from untraditional lenders.
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#### **Week 1: Business Registration and Initial Setup**
**Days 1-7:**
1. **Business Registration:**
- Choose a business name and ensure its availability.
- Register your business with the appropriate state and local authorities.
- Obtain an Employer Identification Number (EIN) from the IRS.
2. **Open a Business Bank Account:**
- Choose a bank that offers favorable terms for businesses.
- Open a business checking account.
3. **Create a Business Plan:**
- Outline your business goals, target market, revenue streams, and marketing strategies.
4. **Set Up Accounting and Financial Tracking:**
- Choose an accounting software (e.g., QuickBooks, Xero).
- Set up a system to track income and expenses.
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#### **Week 2-4: Establishing Cash Flow**
**Days 8-30:**
1. **Initial Funding:**
- Deposit initial capital to show activity in the business account.
- Consider starting with personal savings, investments from friends/family, or small loans.
2. **Generate Revenue:**
- Start operations and focus on generating revenue.
- Offer promotions or discounts to attract initial customers.
- Use your network to secure early sales or contracts.
3. **Record Financial Activity:**
- Ensure all transactions are recorded in your accounting software.
- Aim to show consistent deposits totaling at least $3,000 per month.
4. **Marketing and Promotion:**
- Launch marketing campaigns to increase visibility (social media, email marketing, local advertising).
- Leverage your existing network for referrals and partnerships.
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#### **Week 5-8: Maintaining Positive Cash Flow**
**Days 31-60:**
1. **Sustain Revenue Generation:**
- Continue to push for sales and maintain customer relationships.
- Implement customer feedback to improve products/services.
2. **Monitor Financial Health:**
- Regularly review financial statements to ensure positive cash flow.
- Adjust pricing or cost strategies if necessary.
3. **Expand Marketing Efforts:**
- Explore additional marketing channels (e.g., Google Ads, influencers).
- Attend local business networking events.
4. **Prepare for Funding Applications:**
- Start gathering documentation required for loan applications (business plan, financial statements, bank statements).
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#### **Week 9-12: Final Preparations and Application**
**Days 61-90:**
1. **Review Financial Performance:**
- Ensure that the business bank account shows consistent monthly deposits of at least $3,000.
- Prepare detailed financial reports (profit and loss statement, balance sheet).
2. **Strengthen Business Presence:**
- Update your website and social media profiles to reflect professionalism.
- Collect testimonials from satisfied customers.
3. **Finalize Loan Application:**
- Reach out to your network of untraditional lenders.
- Submit the required documents and application forms.
- Highlight the positive cash flow and strong financial management in your application.
4. **Follow Up:**
- Maintain communication with lenders to answer any questions.
- Be prepared to provide additional documentation if requested.
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### **Post-90 Days: Ongoing Business Management**
- **Continue Financial Management:**
- Keep tracking income and expenses diligently.
- Plan for future growth and funding needs.
- **Seek Additional Funding if Necessary:**
- Explore other funding options like grants, traditional bank loans, or investors.
By following this 90-day plan, you will have established a strong business foundation and demonstrated positive cash activity, significantly increasing your chances of securing up to $500,000 in funding from untraditional lenders.
By taking advantage of the 94% approved loan program through Slap Magazine, rap artists are able to take control over their own brands by investing in creative projects that further their career objectives while helping them gain more recognition from fans old and new alike.
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EARN $800 AS A TESTER FROM YOUR PHONE
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