Ok... Try to take me seriously...

[Phre0nBurn]

Gah, this thread is getting out of hand But its ok, I kinda figured it would, and none of us have anything better to do on a Sunday anyways...

I just scoured a few stats and ran a few numbers (albeit quite quickly) concerning the most closely related products available, just for basic comparison.

I cut all of their numbers way down, just because some products do exceptionally well, and you can't bank on the success of 1 item.

Overall -Average- Of 3 Competitive Offers "within" 12 months

Clicks per day - ~1750
Leads per day - ~125


So, with the expected net of "my" product being $57 ea. - 15%, just because I can = $48.45

Average "current competition" leads - 35%, just because I can = 81
81 leads x $48.45 = $3924 per day.
$3,924 x 30 days = 117,720 per month. Subtract an ADDITIONAL fucking 15%, and you still have ~$100,000 per month.



A completely different can be made with a different product that closely competes as well...

Taking this particular products Click/Lead ratio and cutting it in half, you still have 6 leads per 100 clicks.

Cutting their clicks down by ~75%, you still have ~1200 clicks per day. Maintaining the same reductions, this is still 72 leads per day.

At the same expected net as stated above of $57 - 15%, once again, just because = $48.45

72 leads per day x $48.45 = $3,488
$3,488 x 30 days = $104,640. Once again, take away an ADDITIONAL 15%, just for the fuck of it, and you are still bringing in $88,944 net per month

Split 50/50 - $44,472 per month, per person.

Wait... Just in case we didn't slice and dice the numbers down by huge percentages enough as it is, let's add a ridiculous 30% tax on that.
You still make $31,130 per month, per person.

Not bad for a ~$30k startup cost.

I need a cig

And because I am getting the feeling that some of you think I posted this thread to ask for money or some shit, noooo... I get enough from WF members... I posted it because I had been rolling around in bed all fucking night because the idea popped in my head, and I couldn't get rid of it. I needed to let it out, thinking it would let me finally sleep.

lol

 

[r3p1v]

Sounds like a scam if you ask me. Say you have an amazing idea, ask for an investment, promise huge returns, take the money, then say it didn't work out and apologize for things not working out.

If you are 101% sure that it will work, then you shouldn't want investors taking a percentage of your profit. Get a loan. Then you get 100% of the profits and don't have to rely on somebody else.

 

[Phre0nBurn]

Sounds like a scam if you ask me. Say you have an amazing idea, ask for an investment, promise huge returns, take the money, then say it didn't work out and apologize for things not working out.

If you are 101% sure that it will work, then you shouldn't want investors taking a percentage of your profit. Get a loan. Then you get 100% of the profits and don't have to rely on somebody else.

Not trying to be a DICK or anything... But uhh...

I was asking for advice, tips, etc. on sourcing investors/JV partners with fat pockets/VC's... Not for what I should and shouldn't do.

Don't insult my intelligence. Do you really think I had no idea that loans existed?
Come on.

If I could get a loan, I would. Please don't think that I have no idea how to put a proper thought or plan together.

I didn't say "how can I get moniez fo my ideaz, yo? i gotz good 1s so just trust me and gimme moniez, yo"

So tap the brakes a little bit there turbo tits...

I had an idea.
I put a lot of it together and decided that it could have some good potential.
I contacted all of the places I needed to in order to answer my remaining questions.
Until they get back to me, I figured I would see if anyone had any suggestions/experience/etc. on this sort of thing.

 

[jeanpaul1979]

I'd say, first try to succeed at something and get some experience before talking about getting a $30K debt. Unless you're so confident that you just know it will work, which you obviously arent, since you're asking for feedback here.

 

[knukk]

Do you have your own marketing plan?

 

[koloth44]

I work in a bank, so I have a little experience with lending (I'm not a business banker though, so take this all with a grain of salt).
First, you really need to have something written down to show any potential investor. You listed some stats above (clicks, leads, profit, etc), so write down all this information, and back up everything. You cite competitor numbers. How did you aquire this information? Why do you think you would be able to enter this market successfully? What is your unique selling proposition? Are you planning to somehow expand the market, or are you banking on taking share from these competitors? Again, how do you plan to do this?
Basically, list and be able to strongly back up any figures and assumptions involved in your business case.

Once you have your pitch, you could see about a small business loan from a local bank or credit union, though they tend to look closely at personal credit for such things.
With a good business plan you could see if there are any investing clubs or angel groups in your city, they would be more apt to look at the idea over your own credit, and more amenable to an equity share (which is what you seem to be offering).
You mentioned competition in the market. If your idea is truly novel and potentially better, you might be able to approach some of them about taking you on. They are already in the market after all. (A lawyer and non-compete/non-disclosure would probably be needed for this approach.)
Last, try to break out your costs and see if you can progress in stages, with smaller amounts. Then see about family/friends or the peer lending groups ROIshareteam posted and try to get smaller chunks that way.
If all else fails, as others said, keep trying to bootstrap your way up.

 

[jryan21]

I know what it is like to come up with something like that; part of what drives you crazy is trying to get it out there before someone else does, because you know without action, that will inevitably happen.


Unless your idea involves liquid cash, you may have a better time of looking into where that money will be spent and with whom it will be spent.

Going back to the CD analogy, think of someone who owns a recording studio. While it still is true that studio time costs money, the studio owner would take on less risk from letting you in there than someone else would if they were to hand over some cash.

I guess what I am saying is that you can cut down on startup costs if you are able to gain access to people who are willing to provide resources that you otherwise would have had to pay for.

 

[kimboslice]

Startup, Startups, Start A Business, Starting A Business

 

[legacy]

what are you trying to create?.. i didnt understand?

 

[casualriches]

PM me with full details and I will see what I am willing to invest in this.

 

[Phre0nBurn]

Unless you're so confident that you just know it will work, which you obviously arent, since you're asking for feedback here.

Oh, I asked for feedback? I must have missed that.

I asked for input as far as JV/VC's go, not for feedback on my idea because "I was unsure about it". If I wanted feedback, I would have said what the fucking idea was, because as far as I know, you can't get feedback on an idea that you don't state.
:moon:

Do you have your own marketing plan?

My "own", as in terms of a fully planned approach to marketing? Absolutely not. It's only been a day since I got this idea. That day also happened to be a Sunday... A Sunday where I had been up for 48 hours.

I can only do so much

But, I do have a very good idea of what the marketing would entail, as well as the costs and efforts involved.

I work in a bank, so I have a little experience with lending (I'm not a business banker though, so take this all with a grain of salt).
First, you really need to have something written down to show any potential investor. You listed some stats above (clicks, leads, profit, etc), so write down all this information, and back up everything. You cite competitor numbers. How did you aquire this information? Why do you think you would be able to enter this market successfully? What is your unique selling proposition? Are you planning to somehow expand the market, or are you banking on taking share from these competitors? Again, how do you plan to do this?
Basically, list and be able to strongly back up any figures and assumptions involved in your business case.

Once you have your pitch, you could see about a small business loan from a local bank or credit union, though they tend to look closely at personal credit for such things.
With a good business plan you could see if there are any investing clubs or angel groups in your city, they would be more apt to look at the idea over your own credit, and more amenable to an equity share (which is what you seem to be offering).
You mentioned competition in the market. If your idea is truly novel and potentially better, you might be able to approach some of them about taking you on. They are already in the market after all. (A lawyer and non-compete/non-disclosure would probably be needed for this approach.)
Last, try to break out your costs and see if you can progress in stages, with smaller amounts. Then see about family/friends or the peer lending groups ROIshareteam posted and try to get smaller chunks that way.
If all else fails, as others said, keep trying to bootstrap your way up.

Thanks a lot for the advice... I do plan on doing this when I can... As of right now, I still have regular work do get done to pay the bills, but when I get some free time, I plan on getting a few ideas of how to lay everything out, and then I will start putting the entire idea on paper.

I know what it is like to come up with something like that; part of what drives you crazy is trying to get it out there before someone else does, because you know without action, that will inevitably happen.


Unless your idea involves liquid cash, you may have a better time of looking into where that money will be spent and with whom it will be spent.

Going back to the CD analogy, think of someone who owns a recording studio. While it still is true that studio time costs money, the studio owner would take on less risk from letting you in there than someone else would if they were to hand over some cash.

I guess what I am saying is that you can cut down on startup costs if you are able to gain access to people who are willing to provide resources that you otherwise would have had to pay for.

Which is something I think I could actually pull off quite well, so that helps... Also, I actually got a response earlier from one of the companies I inquired to (yea, on a fuckin sunday... lol), and if their quote was correct (I emailed just to ask them to double check, because I was that surprised), then my product cost will actually be 5-10% of the original cost I was running numbers with.

Let me put it this way... With the price per product that I am hearing (I will triple what they quoted for these numbers right here, just in case), and the low and high retail price for the product I have seen, the ROI for each sold product would be 900%

Startup, Startups, Start A Business, Starting A Business

Joined earlier today Thanks a lot for the link though... I found a few other similar sites, which I created and posted on already today, if anyone ever needs the links.

PM me with full details and I will see what I am willing to invest in this.

Once I get my numbers figured out, I will.



Also, the only reason I don't tell you guys the fucking idea is because
a) I want to at least grab a few domains first
b) I don't want the 100k random ass WF readers that aren't the "usuals" to run out and steal some of the good domains! haha

Shit, here's what I can do... In the next few days I'll try to write out a decent little explanation of this and I'll post it in the fucking private "Education" section.

Like I said, I have no idea... I don't have any experience or education which makes me "qualified" to plan or predict the next big product or anything like that...

I'm just saying, just a quick look at the idea and it's like "huh... that actually may work."



Also, for anyone else that is temped to do so... Please refrain from posting if all you are going to do is try to convince me that I am unsure about my ideas or feelings about something. lol

I have an entire fucking notebook full of ideas. I have had a few ideas, which I've written down or shared with friends and family, which have years later become multi-million dollar realities.

I simply have a very active imagination, and I like linking shit together in my head when I am bored (in the bathroom, having a smoke, trying to sleep).

My though process: "They must make so much money. Wait, why the fuck dont they just X, because then they could also X, and then they would make TWICE as much?!"

Ideas like that happen 50x a day.

I could create an entire forum full of my own fucking posts that would rival the amoung of content that WF has if I were to post about each one.

 

[amateursurgeon]

Speaking as someone who has been a millionaire several times over in my excel calculations prior to product launches, only to be disappointed time and time again until you personally have had several customers physically give you money for your product, you don't have a market.

Is there anyone else (competitors) in your niche that you could resell?

Or could you build a low-cost information product that the same customers would buy? Failing that, can you take pre-orders?

If there's one thing predictable about marketing, it's that customers will usually do the opposite to what you expect.

 

[Phre0nBurn]

Speaking as someone who has been a millionaire several times over in my excel calculations prior to product launches

hahahahaha

only to be disappointed time and time again until you personally have had several customers physically give you money for your product, you don't have a market.

Is there anyone else (competitors) in your niche that you could resell?

Or could you build a low-cost information product that the same customers would buy? Failing that, can you take pre-orders?

If there's one thing predictable about marketing, it's that customers will usually do the opposite to what you expect.

The product isn't downloadable or anything like that... it is a physical product. So pre-sells, info products, etc. aren't very useful in this case.

Although, you did just give me an idea where I could use info products to help promote a launch of an aff program... lol

As far as reselling or teaming, I would love to do that, but I am afraid of the competitor taking the idea and running with it, as they are established and they have the money and whatnot to make it happen, unlike myself.

I also don't have money for an attorney to oversee communications and whatnot, so my only security would be to punch someone if they tried to steal my idea.

Here is a hint (please don't elaborate or ask about it in the thread; keep it to PM's if you must say something please) that more of the senior members might get...

Jon could really give me some solid input on my idea.

 

[kimboslice]

Before I get to my actual post, I'm going to assume that you have all your ducks in a row (or will very soon) and you have the ability to provide whatever information is needed to woo a potential investor. I'm also operating from the standpoint that your numbers are spot on and you can deliver what you say you can...
I'll give you some practical real world advice as a person whose borrowed money from nonstandard outlets before.This will not be a cakewalk.

Now,

I'll reiterate this to you again...

I'd run an ad in the newspaper offering whatever return you think you can offer.

You never know, you may get a call on it. Especially with the shit returns people are getting right now.


This is real and it can work..
I have done this many times over the years with great success to finance real estate transactions. I've found people to finance real estate deals at least 20 times from doing this, so this ain't coming from some guy who read an ebook on how to do something....

Depending on how I write the ad, I run them in any of these sections of my local paper.. I see no reason why you can't run these anywhere in the country though...

Business Opportunities
Investment & Mortgage
Partners Wanted.


At one point in time I had an ad similar to this one run for 3 years straight.


9 - 15% returns secured with real estate.
Call xxx-xxx-xxxx. This is not a securities offering.

In your case, I'd try something like..

12 -18% returns secured with collateral.
Call xxx-xxx-xxxx. This is not a securities offering.

Adjust it according to the returns you are offering of course.
It ain't secured by real estate, but hey take a freaking shot at it...


The other thing is craigslist. Make a nice image ad asking for the money and you'll get a lots of calls and emails. Most of them will be shit, but you may find a gem or two... I posted in the financial services section and Boston, San Fran, NY, etc.. Again, I have actually done this, so this ain't coming from some guy who read an ebook on how to do something....



I wrote my ad in a very conversational way...

"Hey, If you can help me it would be great. If you are a broker, I'll happily pay you a nice referral fee if you can help me locate the money I need.
Ok, here's the deal.. I need a loan for BLAH BLAH BLAH...

I'm not looking for a bank to make me fill out a standard 1003 loan application form. I'm looking for private money. I know it's out there, but I need help connecting with the right person for this project.

Brokers, I know you guys sometimes work woth private investors for real estate transactions, but if you think any of your investors may be willing to look at a deal like this please conatct me at BLAH BLAH BLAH..."


Something like that...

I also went through the financial services section and called and emailed hundreds of people offering services to see if they may have a lead on someone to the the type of deal I was looking for.. Some said, "hell no... " some said, "no but I know a guy who might" and they gave me a referal, and some said "heck yeah I do".

Almost a year ago, I located a private investor through craigslist who's financing the construction of several 4plexes for me...


Now don't get me wrong, There's an awful amount of grunt work involved in this. I had to weed through an almost overwhelming amount of bullshit phone calls and emails from shiesters, scammers and people who did not understand what I was trying to do, but I managed to locate a broker who had access to a guy who did private hard money loans on real estate. My deal was actually a limited risk deal and we got it done and it's a true win win for everybody.


If any of the idiot "brokers" asks you for upfront fees on craigslist,

send them here ==> Upfront Fee Payment.



I can tell you one thing.. nobody is going to give you shit if you don't have

any "skin" in the deal. The idea is fine and dandy, but the reality is that

the Golden Rule will be in play: He who has the gold, makes the farking rules.

So at the bare minimum, I'd guess you need to scrape up 3k - 5k to put in this deal some how..



The point is this. if you believe you have solid plan, then you better do whatver you can to find the money or you'll be kicking yourself.
I'm not saying that this will be easy. You don't have any money or track record I'm assuming so you need to think outside the box and try shit.


I'd run the ads and definitely go the CL route.

You just never know...