Do you have investors interested in your project? Be sure to pick the right one.

Do you have investors interested in your project? Be sure to pick the right one.

We've all been in the position where we want to get funding for a big idea of ours because the amount of money needed to start up and run the website or business has always been out of our reach. Bringing in a private investor to fund the project will make it a lot easier to get going, but could give you a lot of headaches in the long run. Be sure to pick the right investor for you next project!

I've been talking with a few investors and have wittled the list down to 3 who are interested. Now I'm not talking to huge corporations who want to invest millions on my project. I'm only looking for $10,000 or less so the investor pool is pretty expansive for the amount I need lol.

Anyway, I have it down to 3 different people and I'm fighting myself on which one to pick because they've all passed my initial questions and all of them seem perfect for what I need. After all, it's not just money I'm brining into my new website, they'll be with me as well.


Here are the things you should go over before choosing the perfect investor for your next project.

1. Pick the investor you can trust - The investor you can talk to like you've known for a while is more likely to be the better candidate to invest in your project because they'll see this as more of their own business and not just something they're paying for. When times get rough, you'll need an investor that won't run away. As we all know, businesses aren't always profitable within the first few months
   
2. Pick the investor who fills the gaps - If you're the best at something, like SEO or Online Marketing, and are horrible at web design then you'll want to choose an investor who can bring on a team of designers to build the image in your head. If you already have your website up and running, then you can focus on a different thing you need, but always pick one that can fix your current problems.
   
3. Pick the honest investor - You don't want your investor to give you the run around. Time is precious, they know this, so pick the investor who gives you straight answers and doesn't try to get you running in circles.
   
4. Diversify the Investor list - If you're going to pick a few investors, you'll want to pick the ones who will compliment each other even if they never talk. You don't want 3 investors who are all good at getting websites some traffic. You'll only need one of those and the other 2 can bring in their skills to work in a different sector of your business to build it for success.
   
5. Pick the investors who are truly interested in your project - By picking the investor who sees your project as interesting and not just a dollar sign will go a long way. That's because they want to help you build and succeed and don't just want to write you a check. Just remember that 99.9% of great businesses were not built by one person with a great idea, it takes a team
   

Well, if anyone has anything to add please comment below



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Razzy