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Securing investment online? Advice?

by Damien Roche
5 replies
I have a few ideas which I've developed over the last couple of years. I'm a web developer, and all of these ideas have been website related. I will, inevitably, build the more promising ideas eventually (I currently favor work-for-hire).

However, if I had investment I could turn down work and focus on these full time which I'm sure will maximise success. I'm not that experienced in brick and mortar business but I understand online business, and I have a great understanding of how to develop and run successful websites having worked online for 4-5 years.

What would you advise? has anybody secured investment for any of their plans? I know this is high risk. Where should I go, and what should I have in hand before I even think about asking for investment?

On level of investment, I'd be hoping for something like $10k+. If there are any WF members open to investing then I'd be happy to open you up to a couple of my ideas and you could see the earning potential for yourself.
#advice #investment #online #securing
  • Profile picture of the author tim_buchalka
    Wow it all depends, no easy answer here.

    Are you looking for a long term growth, or do you want your investment to start paying for itself immediately?

    One possibility is to by a website from a domain flipping site like flippa that has an established level of income and live off that.

    I've seen them go on there for 6 to 12 x monthly earnings - So if you spent $10K you could get a site that is earning $10K divided by 12 = $833 per month to $10K divided by 6 = $1600 per month.

    Depending on bidding,etc - There is risk there for sure because income can be inflated.

    Another option is to find someone good with marketing to JV with your programming skills.

    Good luck!
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  • Profile picture of the author YasirYar
    Everyone would like to get an investment like that. However, unless you are starting up a larger business where you are looking for venture capital, I'm not sure how you'd go about doing it. Ironically, it's much easier to get an investment of$10,000,000 than to get an investment of $10,000 (though both are pretty hard). OTOH, if you have an actual product in mind, you may want to try something like kickstarter.
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    • Profile picture of the author REHughes
      Damien,
      It appears that you have been around here for a while, so you should know who Willie Crawford is.

      He has recently been promoting someone who helps secure financing for start-ups and things like that.

      Not sure if that's what you are looking for or if it would help, but if you contact him he might point you in the right direction.

      Or you could just go on Shark Tank on TV on Friday nights! Boy, they can get brutal!

      Just a thought.

      Robert
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  • Profile picture of the author Hardcoremarketing
    There is a downside to investors, in that they will want a lot of control and you won't know much about them unless they are family or friends.
    It's much smarter to monetize yourself, building a stairway of successes that start with a small one, then build to a slightly larger one and so on.

    Make a list of your ideas and how much each will take to launch and the progressions start to appear- Small, Medium and Large

    So, it might look like- ebook on Fiver, ebook on Amazon, printed book at Lightspeed, paid speaking engagement (with back of the room book sales), etc.

    As you are migrating through the steps, you are building an audience, maintaining an income and learning a lot of what to do and what NOT to do at each future step.
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  • Profile picture of the author wolfmanjack
    I have had investors and partners in the past. After a few months i could not wait to get rid of them.

    Work for the capital or borrow from a bank. It will save your sanity.
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