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I don't know what else to do. I'm lost.

Discussion in 'BlackHat Lounge' started by Cystomatic, Oct 20, 2012.

  1. Cystomatic

    Cystomatic Junior Member Premium Member

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    I'm now trying for 3 weeks ti find an investor for my project. I was seeking for someone that can fund my ideas and can make them reality, but obviously I failed and didn't find anyone. I was in discussion with 3 people from here, all were highly interested but stopped replying to my emails all of a sudden, without leaving a sign and telling me that they were not interested anymore.

    I do really not know what else I can do to finally get my ideas and projects started, I just feel lost and left alone right now. I Just have a feeling of being useless right now, I have great ideas for big projects, but I'm just pretty much frozen right now and have to sit still, as I don't have the sufficient funds to make it all reality and get it started. I can probably make the money myself to get it started, but that takes time and I don't have time to waste right now, as starting the project ASAP and being first is essential as you all know.

    Can anyone give me some suggestions on what to do?
     
  2. n2zen

    n2zen Regular Member

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    Now that you've given 3 people your ideas which they dropped either sounds like a) the ideas don't have a big enough upside for them to pursue or b) they can do it without you and you've just started the race in 4th place.

    You do not have to be first mover to be hugely profitable. In fact, first mover has to cover all the costs of educating and developing the market, identifying the marketing segments, creating the USP's and messages to appeal to those segments.

    It's often much, much easier and more profitable to come in after the icebreakers have hit, identify everything they've done wrong, improve on it and offer it better, cheaper, with improved service and a slicker message.

    With all that in mind, I have to wonder why this needs such a huge front-loading of investment in time/cash/whatever it is????

    Probably most on this board have started lean businesses on a shoestring and done well with them. If you need skills, then develop them. If you need cash, then earn it. If you're sure it's a great idea and just needs a little help, then find another partner!
     
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  3. zenoGlitch

    zenoGlitch Executive VIP Jr. VIP Premium Member

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    Like any other investment, you need to prove that your model is profitable. If it's profitable on a small scale and you can clearly demonstrate it then it's a no brainer.
     
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  4. Cystomatic

    Cystomatic Junior Member Premium Member

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    I've done all that. I proved that it's profitable and able to earn big money, I also showed how I will be able to compete with the current competition, how I will stand out of the crowd and how I will take over the market, I've also included my marketing strategy and advertising plan. I don't really know what I've done wrong lol. I'm now planning all this for 2 months+, so nothing is left open and everything is well planned and thought of.
     
  5. daserpent

    daserpent Power Member

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    How much investment would it require?
     
  6. Awakening

    Awakening Junior Member

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    Start smaller. Ask for a smaller investment, show them progress then ask for more investment so you can hit the market harder AFTER you've shown them it'll work with REAL examples.
     
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  7. Cystomatic

    Cystomatic Junior Member Premium Member

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    Thanks for your input :)

    Well about the 3 people, I'm not even sure if they dropped me and the project, as they stopped to reply all of a sudden, they didn't tell me whether they wanted more information, or if they quit the project. They can really not do it without me, as I have the ideas to stand out of the crowd and the ideas to be better than the rest (I obviously haven't showed them my ideas yet, else I would probably just giving away the whole project in total)

    Well I do know that people prefer to invest in something that is already there, instead of risking their money on ideas and words who can, and can not be a huge success. But well how should I be able to get off the ground, or how to even get started without the sufficient funds?
     
  8. zenoGlitch

    zenoGlitch Executive VIP Jr. VIP Premium Member

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    It's easier to get investors with your hands by your side rather than them held out far. You will attract more putting your energy into your idea rather than waiting on an investor with a golden ticket.

    I rarely seek investors for something that can make good enough income to bootstrap itself.
     
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  9. Cystomatic

    Cystomatic Junior Member Premium Member

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    Well I'm just sitting here, starring at my screen and waiting for someone to say "Hey I'll invest". I'm mainly wasting my waiting time with looking at the competition, doing more research, improving my current ideas and thinking of new ideas and features to add. But I came to a point where I can't think of much more to improve, I've already thought of everything.

    Well I need an investor as I can currently not bootstrap it myself. I will probably be able to in 1 - 2 months, but time is essential, and I don't want to enter the market late, I want to be first.
     
  10. jb2008

    jb2008 Senior Member

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    As stated above, you have to prove it's profitable on a small scale first. I would never ask for investors in any of my businesses unless I already have a proven, profitable system in place making money. Although as you say time is essential, maybe it's best to find other ways to earn that money so that you can do it yourself, even if it means you have to stack shelves or something. When you're starting out you've got to assume that no one is going to give you SHIT, no one is going to believe in you despite your enthusiasm in your "ideas", because the reality is most people fail at IM. I've had brilliant "ideas" in the past that I were sure would succeed, but they failed royally. Enthusiasm is good, but having a "good idea" is not nearly enough to bring in reliable profits.

    BTW that's bullshit if you're just sitting at the screen waiting for someone to invest. As I said, never assume anyone is going to go out of their way to help you financially when you're just starting out. When you've got nothing, statistically speaking, you're 99% likely to be a failure, because that's how many people fail at this, since it is hard work and there are many factors beyond simply having a good idea that will lead to success. I hate to say it but it looks like you've got to grab your balls, get up and get out there and make some money, a real job if necessary.

    I smh at all these JV threads which go like "Invest 10k in my super idea to bring you 400% ROI" or whatever. Really? I don't ask for handouts or investments because I know, once I prove things on a small scale, I make small scale profits, reinvest those profits and it becomes self-perpetuating growth. You would be surprised how small capital you need for you to start an IM business, if you do things yourself and don't hire overpriced outside services.
     
    Last edited: Oct 20, 2012