We have launched a new website (last week) which focuses on selling ready and customized industry databases and reports, apart from providing data related support solution.I know this has value in the market but we have got stuck with almost no fund. With no clients and huge expenditure ahead, what should we do?? I need funding..via this we aim to expand our Delivery Infrastructure and to garner client traction to our portal via Sales & Branding. HOW, WHOM to approach? Pls help with your solution.
People often joke that the first rule about raising money is that you raise money when you can, not when you need. This way you are not stressed in getting the funds and this is a long procedure...
Instead on focusing on getting an investment, try getting clients. If you have a working product, release a beta version, get subscribers (even for free) and start testing the system. Getting an investment will take your focus from the product and this is not something you can do right now. I would recommend reading the blog by Alex Turnbull from Groove. You will learn a lot and get ideas on how to get paying clients. Once you will have that, you will be able to go look for an investment.
Answered 9 years ago
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