3 Simple Tricks to Raise Fund for your Startup

If you have a big and powerful idea for a start-up but you don’t know how to execute it, how to go from ideas to secured funding, in a short time. I’m going to share that exact 3 Simple Tricks to Raise Fund for your Startup. Many entrepreneur had used the same methodology to raise million dollars or 10 crores in 60 days.

Table of Contents

3 Simple Tricks to Raise Fund for your Startup

The first step, immediately prepare a basic prototype. According to me, it shouldn’t take more than two to three weeks. This is a very important step because when you first think of a start-up you’ll first want to tell your friends or an expert.

But generally, I would advise you not to do it because start-ups are always at the edge of a system. And whenever you ask people they will tell you the system won’t work and you’ll unnecessarily get discouraged. To immediately prepared a basic prototype, you can refer Upwork, which is a freelance platform and looked for a website designer, and in just three days he created a basic prototype

After that was ready, through your networks find a expert who was teach you what customer expect from your idea. With that expert advise quickly prepare a portfolio presentation. This usually take about a week to do. Immediately after that the basic version of the product was ready. To make this basic prototype you will understood how to develop an idea. It shouldn’t take you much time either to develop your basic prototype. Just think of what is most essential and cut off all the superfluous stuff.

Second, your basic prototype is now ready. Now, focus on getting your first paying customer. The first customer who wants to pay for your idea. In many case, as soon as you created this basic prototype in a month, you many post a message on your personal Facebook page that what you are offering. If all goes well, In a short time, about 20, 30 people many signed up. After that your first paying customer
reached out and said they want other services. And then you understood that you have create this category. If you get one paying customer then the exact methodology you’ve used to get the first paying customer you can replicate to hundreds, thousands and millions.

How do I get investors for my startup?

And your third and final step. Your prototype is now ready, you have paying customers. Raise your scale of paying customers. In ideal case, collect 30 to 50 paying customers. And after that, without hesitation reach out to the top venture capitalists. Either through LinkedIn or through personal emails.

And this is a very important point because people hesitate. “I’m not ready to reach out to venture Capitalists. What will they say?” But actually they are habituated to evaluating early-stage pitches.

So now you have the prototype, you have paying customers and you have the clear opportunity
of venture capital funding. Now, what you are waiting for, lets starts your entrepreneurial journey without much delay.

FAQ

Which funding is best for startups?

Considering the current Industry scenario; we always recommend you to for bootstrapping as it will give you freedom on your idea and its implementations.

Where can I fund in startups?

Ideally, your customer should be your first investor. You have to showcase your Ideas through a prototype to your customer where they start feeling companion to work with you and advance you for your services.

Conclusion

There is no hard and fast rule, the startups only success with the fund rising. There are many instance where the founder build their Billion Dollar company from bootstrapping. However, your ability to fund raising will help you to grow your business faster. To read more article like this, continue read more

Productsmeter is a group of professionals, work with different brands on new product launch, promotions and market analysis. Our Endavour is to share our Product deep expertise with our users and help them to decide right products before buy.

Leave a Reply

Your email address will not be published. Required fields are marked *