#+title: 4 interest free music funding options
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* Links
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- [[../../toc.org][TOC - Music Money Makeover]]
- [[https://youtu.be/E8Ob8aFsIW0?si=SAZFXvujBFwAHQhQ][youtube video]]

* Notes
** job / savings / donations
- part time work

- savings from the business
  - save money that comes in
  - register all your compositions and BMI / ascap
  - distrokid

- fundraising events

- online donation platforms
  - cash out link
  - fans, well wishers

** paypal working capital
- paypal working capital loan
  - levies a one time fee
  - deducts a small percentage from sales until loan is repaid

- get ecommerce store set up
  - you can pull in 20k a year via
    - merch
    - digital product
    - subscriptions

** BMI royalty advance
- provides opportunity to receive advance on royalties
- they wont give you any royalties until you pay back all the royalties

** business credit 12 months no interest
- opening a buisness credit with a 0% intro rate
- commitment to pay in introductory period
- don't play with this