Congratulations on your new business venture! You’ve been given a lot of great advice here on some resources you can consider for seed funds (such as crowdsourcing, utilizing social media platforms, and the countless websites that connect investors and entrepreneurs). The good news is that we do live in a time where social media and online resources are saturated with so many potential investors—you will definitely be able to find points of contact. However, that is not the hardest part of the process! Making contact with potential investors is only a small piece to the puzzle. Ultimately, it’s what you say to get them excited and interested in your plan for business. Here are a few tips:
- Make sure that you have a clear message about why your real estate business matters, what you will accomplish, and your strategy for long-term success. Remember, businesses and individuals only invest in things that they think will be profitable.
- Be sure to outline your team and resources that will help you achieve your goal. The more resources you have backing you, the more appealing your startup will look. Rely on current information as much as possible. Investors see it as very risky if you are relying too much on financial trends that could change over time.
- When making a pitch to your potential investor, come prepared and as visual as possible. Graphs, images, and prototypes are a great tool that not everybody thinks about. Those things don’t require a ton of money, but can definitely go a long way toward exciting your investor and showing that you did your homework.
Congratulations on starting your business! If you’d like some more legal insight into real estate or business in general, don’t hesitate to contact us at. Our online marketplace is being used by 1000s of businesses across the world for their legal needs. We offer free initial consults and each project is backed by a satisfaction guarantee. G’luck!