Msg#: 4386315 posted 9:17 pm on Nov 12, 2011 (gmt 0)
I have a good website which earns a good living. But looking at the mainly corporate competitors, it's clear that expansion would result in lots more money.
I only have so much time myself and I'm at the limnit of expanding the website.
Somehow I need to - not quite sure what I need to do - attract investment so that I can expand the business. The formula per web page is clearly definable so expansion wouldn't be difficult if I had more money to pay for the expansion.
Msg#: 4386315 posted 11:16 am on Nov 13, 2011 (gmt 0)
Have you attempted to expand the business via bank loans? Developing that kind of plan would provide insight into how one might engage others to invest... Creating a clear business plan, roi, etc. Then take a look at the venture capitalists in your neighborhood... or overseas.
Msg#: 4386315 posted 11:13 pm on Nov 13, 2011 (gmt 0)
Banks are not too good with these things when it comes to individuals. They still view the internet with suspicion and as unpredictable, especially when it comes to making money from it. Even if you get someone making $15K a month, they will still not provide that person with a mortgage, for example, whereas if you earn $4K a month from a regular job, they would have no hesitation. This is just a theoretical example I am using, but they deem traffic and earnings to be too unpredictable.