4 Tips For Finding Funding For Your Startup
Forbes released an article discussing possible ways to fund startups. Having a great idea and product is only half the battle when launching a startup. You are going to need cash and a lot of it. Fortunately, in today’s day and age there are new alternatives to achieve funding. The article provided a few ways that may help you find the best route to go when starting your business.
1. Consider your niche – What makes your app special or stand out? Find this attribute and use it to locate investors that may be more inclined to investing in your product.
2. Find a grant – This may be difficult, but this will be a great way to get things rolling. There are grants for tons of different things, almost similar to the way scholarships are rewarded. There are grants for minorities, women, mothers, etc. This may be a difficult option, but it is definitely one that will provide great benefit.
3. Enter a contest – There are many contests now held to provide money for startup funding. If you chose to attempt this method you should focus on making your idea really stand out and being very clear when explaining your product/service.
4. Crowdfund your idea – These platforms are gaining attention from both businesses and investors. This has become increasingly popular in the past couple of years. Some of the popular sites include Kickstarter and Indiegogo.
Which tip do you think is the most helpful? Also, I am curious to everyone’s thought on crowdfunding. What is your stance on it?