How do you get investors for a business idea?
Let me tell you the honest brutal truth about trying to get investors to save you time and energy and perhaps does get you an investor outside your family. Because let’s be honest here, The first people you have asked for funding are your parents, cl
- Mar 16 2021
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How do you get investors for a business idea?
Let me tell you the honest brutal truth about trying to get investors to save you time and energy and perhaps does get you an investor outside your family. Because let’s be honest here, The first people you have asked for funding are your parents, close family relatives.
Don’t get me wrong, there is nothing wrong with having your family support you especially if it doesn’t work out they will still love you and never harm you.
But to get things right you have to be able to get investors to your idea who will be willing to invest big time.
And what is the most thing investors care about? You’ve guessed it..
It’s ROI or Return on investment.
Compiling a list
You have to first get an email list of the potential investors that are related to your field. Linkedin is really good for finding this by typing the keywords like entrepreneur or funding or investment.
Once you get their profile, you will get their first name and their website name and type them inside a website called GetEmail.io to get their email address.
Target acquired
After getting the emails you will craft an email that will have your USPs (unique selling points) and put in your contact details.
However crafting an email is tricky here because if there is one thing I learned in getting an investor, YOU NEED A PROVEN TEST TO YOUR IDEA. Going around telling people how great your idea is won’t guarantee you results, Showing them results even if they are small is key here.
How an investor think
Before you go and craft an email you need to craft a story behind yourself and what are your motives. It’s not only about numbers but also about filling a need and presenting yourself in the process.
Something that will make people's lives better. Whether it’s a product or a service you need to fix a problem out there.
Another aspect is how well your product is doing in the test phase and what are your plans for expanding. Will you need more manpower? How much money do you need and how much will you earn? How do you imagine this place 5 years from now?
So many questions you need to be prepared for.
