Hi BHW members, I have just started a classified ads website 2 months ago but realized that I didn't plan it so well and my money isn't quiet enough. Anyway, I've been reading and searching here (a lot) for building an online business and it's really interesting. So let's get to the point, I may,within few days, contact a potential investor that may invest in the website by $10,000; I have good marketing strategies and ideas to make the project successfull (I don't know how to do business plan) but I am afraid of failure (I think I should not). I have 2 concerns: 1- I have to gurantee and convince the investor that my website is the right one (wish me luck). 2- If the investor does not like the idea at all, I have to set plan B, I have to come with another website idea or something similar. Will it work ?? If not, I hope you advise me and give me ideas of guranteed and good investment for such amount. Please note that I prefer gaining through DFP (which I never understood) and adsense. Please don't tell me to invest in stocks and forex and affiliate.
It isn't the first time you've posted this thread if I'm not wrong... stop spamming. P.S. "guranteed and good investment", well good luck finding that
You don't know how to write a business plan but are asking somebody for $10000? Seriously, you shouldn't be taking their money. You are likely to lose it. If you don't have the money yourself, then you need to grow organically, until it is an investable business.
OP, Duplicate Threads arn't allowed on BHW. Please ask a BHW mod to remove one of your threads. This thread contains similar information as your other one. OP mention to your Investor your R.O.I, this is a key to completing a full investment. Spamming is also against the rules, just so you know. Warm Regards, GORKA
Sorry, I just felt confused because I haven't found great answers on the other thread. So, I figured to post it in PPC networks discussion as I want to earn money from it. Anyway, what should I do now ?!!
Use social networks like facebook, twitter, instagram to promote your websites because It's cheaper than buying advertisements.
Yes, I know, I had mentioned the reason why I posted it again in PPC networks discussion. If it's strictly against the rules, tell me how to remove it, please !
The 1st question the investor is goig to ask is What will you do with the money You better be able to account for how every penny will be spent. because the 1st bullshit answer you give, he will walk out
From my experience, I will tell you this. Don't look for a loan, nobody will give you any money. Work on small project, make some money and then invest in bigger project. Unless you have a house for insurance and take money from the bank.
A bit of advice. Have you ever watched or heard of a TV show called Shark Tank? It's a show where business owners ask for investment money. There is a UK version called Dragon's Den as well as a Canadian version also by that name. You can learn a lot what these investors say. Pay attention to what Kevin O'Leary on the US and Canadian shows says (the Canadian version is best and it's on Netflix although you may not be able to get it in US). He may come out as arrogant but he knows what he's talking about and tell it like it is. Here's what O'Leary would tell you if you were to pitch your idea to him. First, you need to say how much money you want ($10k in your case) and for how much of the business (percentage). Say you are willing to give up 50%. I would not go any lower in your case since you are starting. Worse, you have not shown that you made any money yet. You valuation of your "business" is therefore $20,000. If you have yet to make anywhere near that amount in a reasonable time, he won't invest. These guys are there to make money and O'Leary will tell you "how do I make money?". Anyone can have an idea and ask for money. But if you have started and shown that it does, then you'll have his interest. A true and serious investor will not invest in a website where the monetization is from selling ads. There is also lots of others building classifieds sites. Almost all of them will never make any money. Real investors know this and unless you have something different and unique and have shown your idea works and makes money, they will pass.
Find cheaper methods if you can not afford it. Social media is your friend and can really help you out.
