Where do I get the money for this?

11 replies
Hi. I haven't posted in a while and I have tried a lot of things to get started manking my own money (Clickbank and other web things, selling China goods, etc). So far, I haven't had much luck, but I am thinking of having a freelancer make a software for me.

The problem is that, in order to get a good quality software, I need 2 things:

1. Hire a good freelancer with a notable profile and portfolio.
2. Pay a LOT of money for it.

The software I have in mind is a generic development software that would probably be in the hundreds of thousands of dollars (it fits under the 3D/CAD category). I don't have that kind of money in the bank.

My question is pretty basic: where do I get this much money for paying the freelancer? Any suggestions?
#freelancer #money
  • Profile picture of the author elexmedia
    For me, the quickest way to get Paypal cash for new project is through selling on eBay...
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  • Profile picture of the author mvirtual
    For the beginning I suggest you to start with a smaller project and as you go you will collect money for your expensive freelance project. Start small, work hard and success will follow.
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    • Profile picture of the author ddude78
      Hi. Thanks for the responses. The smaller project idea sounds like an idea. I'll see what I can get done.
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  • Profile picture of the author Randall Magwood
    Originally Posted by ddude78 View Post

    The software I have in mind is a generic development software that would probably be in the hundreds of thousands of dollars (it fits under the 3D/CAD category). I don't have that kind of money in the bank.
    What kind of software is this... what is it used for?
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  • Profile picture of the author RySpencer
    I suggest you research how to write a business plan.

    Creat an entire business plan and approach large investors or banks with your business model. Just an idea for a software won't do it.

    Some things you need to explain to your investors are:

    - Target audience
    - Market competition
    - How the product will be marketed.
    - Where the money will go once it starts earning.
    - ROI for the investors / timeframe.

    To be honest with you, if you are thinking of hiring a programmer of eLance or oDesk for a project of this calibre, I wouldn't recommend it. There are a lot of flakey contractors out there that may not be able to commit the time and development into this.

    Once you have developed your business plan you should approach software development firms. You could then discuss various JV potentials with them.

    Good Luck!
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  • Profile picture of the author pandadoodle
    If you don't have the money for the developer, designer, UX guy and more now whatever they come back with I would look at having 3x the budget set in place for problems, trends and program trends and not to mention having the cash in place to launch it and make it a success spending 6 figures plus would be one hell of a dent for something you can't profit from.

    There is a lot of heavy weight programs in the 3D/CAD market why are you going to make a difference?

    Is there a demand for it?

    Why should I spend $4000 with you instead of AutoDesk?

    Whats my ROI and how long?

    How do I market it?

    All these and more need to be answered and more, if you get a solid plan in place with real figures (then depending where you are based) you could look at getting government backing, loans, grants, and so on
    Web Design Cardiff - Panda Doodle
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  • Profile picture of the author WeavingThoughts
    I started out writing for clients and working part time. From just a few hundred dollars a month, today I have a business which churns nearly a million words a month and I make a few thousands of dollars in monthly profits just by hiring writers

    So there is a lot you can do

    A good place to start is WF or Elance or Guru.com
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  • Profile picture of the author logobd
    You may build some mini adsense sites and then sell on flippa for big cash...
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  • Profile picture of the author Haris Tahic
    Start small, then rinse and expand.

    Use small business to medium business transition plan.
    Great investment opportunity! Click HERE! <-- Permanent traffic!
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  • Profile picture of the author John Romaine
    Is there demand for this software???

    Pointless crunching numbers if not.

    BS free SEO services, training and advice - SEO Point

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  • Profile picture of the author LetsGoViral
    So you are basically asking how to make money.

    Look around the forum, there are plenty of action plans for newbies.
    Time of thinking is over.
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