How to Get Free Money from the Government

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There are all kinds of money for free. One of the ways to get free money is from the government. You can get grant money for all kinds of things including businesses, academic research or other philanthropic ventures. Free money from the government does not come easy. This article will outline what you actually have to do to receive these grants.

Get an idea. The government does not just give out money for free. There has to be a good reason. The idea has to meat a need or fit a niche that is lacking. A business example would be a grocery store where there isn't already one. A research example would be cancer research because there is a need.

Make a plan. Exactly what is the long term goal? How long will it take to achieve? How much money do you need? Establish logistical procedures for executing you plan. The government wants to feel like they are a part of the process so that they can feel comfortable in giving out the money for free.

Establish credibility. They are not going to give anyone money no matter how good the idea if they lack credibility. Don't compare yourself to others; rather determine why exactly you are qualified to execute this venture. If lack credibility the government will not give you the money for free.

Submit a formal request. You will have to find out exactly what the process is for getting the money for free based on the type of proposal you submit. No matter what the case, you will have a wait ahead of you while all of your paperwork is reviewed and carefully considered.

If you are denied, you can always resubmit. Try to find out what other people did that worked and tweak your plan a bit so that you will hopefully be approved the next time.

Tips & Warnings

  • It is not easy at all to get government grants. The vast majority are denied.

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