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Finding an investor for already profitable project?

Discussion in 'Making Money' started by buzz, Aug 11, 2016.

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  1. buzz

    buzz BANNED BANNED

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    I am working in a pretty unique niche and run my project for 3 weeks now and already made a revenue of $1.000 and a profit of $400. To get started with it I only invested about $50. The bad thing is there is a really tough competition in this niche and I would need a lot more than my $400 I currently have to expand my business.

    I would need about $5k to scale up the operations and cash flow, so that I could get traction and outperform the competition.

    What is the best place to find people that would be interested to invest in a already profitable IM business?
     
  2. BigTroll

    BigTroll Jr. VIP Jr. VIP

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    You have to post this on the JV section.
    but I doubt someone will give you $5k...
     
  3. buzz

    buzz BANNED BANNED

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    It is forbidden to ask for an investment in the joint venture section, that is the reason that I am looking for a place.
     
  4. phluid

    phluid Power Member

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    why can't you scale up from the 50 to work with 400? from what you say it would take no time to have your 5k in profits to continue to scale up further
     
  5. buzz

    buzz BANNED BANNED

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    Most businesses don't scale linear, for example take a look at Fedex. They don't started with a single plane and waited until they could afford a second one with the profits. Actually they had so many planes at the beginning that they couldn't afford the fuel anymore at some point. Their CEO took the last $10k of the company to play in vegas and he managed to make $50k out of it to keep them running for another week until they got an investor.
     
    Last edited: Aug 11, 2016
  6. Kingjames221

    Kingjames221 Newbie

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    I'm interested in your Niche and I don't have $5000 but at most I can offer is $2000. If interested email me at [email protected].
     
  7. goodperson

    goodperson Elite Member

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    You can try gust.com, gofundme
     
  8. buzz

    buzz BANNED BANNED

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    Thanks for the hint, gust.com sounds really good!
     
  9. CeaseFireBlack

    CeaseFireBlack Regular Member

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    thread reported.
     
    • Thanks Thanks x 2
  10. buzz

    buzz BANNED BANNED

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    And why?
     
  11. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    Thread closed - turned into a request for investment as opposed to a discussion about investment vehicles.
     
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