Getting your idea funded. Is it easy or difficult?
I've been going over this in my head for the last week or so because I've got an idea that I want to get funded but I'll need anywhere from $6,000 to $10,000 just to get it moving. Yeah, that's a good amount of money that not many people want to part with lol.
Now I haven't acted on any VCs or Private Investors just yet because I want to see if I can raise the capital by using some other sources where people may be willing to help out and I don't have to give up a portion of my company lol
Here are a few of my ideas:
Forums - Everyone knows what a forum is, if you don't, it's the original online social hangout before there was a facebook or myspace lol. Forums can be a good source to get funding if you are well known there. I myself am pretty well known on a few marketing forums and my new business venture fits into what everyone there would be interested in. The only downside is that most people will want to invest $10 and in return they expect 51% of the company lol.
Crowd Funding Platforms - I can start up a crowdfunding campaign on websites like gofundme, indiegogo, and kickstarter but I'm not exactly sure how successful they would be. I've read plenty of books on how to run a successful crowd funding campaign, but I never really see website ideas get funded quickly.
Adwords/Bing and Yahoo/Facebooks PPC - After I set up a crowdfunding campaign I would definitely set up a PPC campaign in order to bring people in to help get my idea funded. I wouldn't be spending $100 a day on this because I would be targeting very specific keywords in order to bring in people who are willing to open up their checkbooks because they love my idea. The only downside to this is that I would have it so targeted that I could be missing out on the random people with big hearts that would be willing to help out for a good cause.
What are some of your ideas on how to obtain funding for a good website idea?