5 Ways To Fund Your App Project

Buddy Funding

A client of ours recently ran with the buddy-funding method. He asked people within his network to help him fund his project in return of a share in his business.

He sold shares of his business for x-amount of dollars each and raised over $ 40,000 for the first phase of development (MVP).

If all goes well with the app, he, his family and his friends all get a share in the glory and the financial reward at the end.

Crowd Funding

Crowd funding is an interesting concept where you post your pitch out to the public and ask for small investments. In return, investors get a share in the company. Or you can get creative by offering a free copy when the app is out.

Of course when taking this venture on hand, you have to consider the fact that you are emerging your idea out to the vast majority of people without any way of ensuring non-disclosure.

Depending on the sensitivity of the idea, you may want to go for a more private fund arrangement.

Angel Investors & Venture Capitalists

This is a fantastic option for seeking funding. You will need a detailed business plan with clear exit strategies.

Many of my close friends have gone this route when seeking funding for their project. And one thing they all mentioned afterwards was the intensely hard work and many rejections they received in their request.

However, if you need a $ 250,000 injection to your new business, this is definitely the way to proceed.

Get A Bank Loan

Banks are almost always happy to loan money ... when the economy is good at least.

Once again, you will need a business plan that clearly states your intentions for the loan and how you are going to use it. At the end of the day, they are simply securing their own return on investment.

Find A Business Partner With Funds

A business partner or a silent partner is a great way to get funding.

Make sure you do your research on potential partners and make sure they are legitimate. Any baggage they bring with them could affect you and your business.

The main thing investors look at when considering an investment is: "Are you the right person for this job."

It comes down to positioning yourself in a way that shows your potential investors that the project must be done, you must do it and you need x-amount of dollars to get it done.

Good luck on your fund-raising campaign!









0 comments

  • We Discuss Feng Shui For The Office Desk In today's era of open concept offices and cubicle farms, introducing some Feng Shui for the Office Desk concepts to the office will keep the energy flowing positively around you, so that your mind will be clear and you will have good fortune…
  • Shipping Container Homes - The Real BenefitsThere are many benefits to living in a home built from used shipping containers, and more and more people are starting to realise this and take action. If you are already lucky enough to have built your own and/or already live in one, you'll know…
  • Family Reunion Planning Step By Step As a wise proverb says "There is a time for everything under the sun. A time to run, a time to laugh, a time to skip about." With that sentiment there is a time to strengthen the bonds of family union. And what better way to begin then…
  • Techniques on Painting and Painting Tips The following techniques on painting should help you to create beautiful artwork. I suggest that you practice on something other than your final painting. A pad of canvas paper works great for practice space. Yes, you will make mistakes and…
  • 7 Tips for Learner Drivers What is the most important thing that any learner driver should have in him / her: It is very much expected that if you are beginning to give your best because like anyone else, you also believe that driving your own car yourself gives a sense of…