I need about $45k to have my first shipment of products manufactured. I need help deciding about how to go about getting it. I have thought of two routes so far:
I've been working on the product idea over the last 2 years passively. Got branding done, contacted a few manufactures, etc. After reading both TMF and Unscripted i've decided to go accelerate it as it follows the CENTS commandments. Even though it's not a brand new idea, i feel that I have a niche market that will get behind it because of the branding, being an excellent product, and other variables that I will skew. Everyone that has encountered the branding that I have presented so far for the product loves it.
I have the skill sets to create marketing/sales funnels, websites, google analytics, etc.
Does anyone have some advice on either two?
- Crowdfunding - Spend around $1000-$3000 of my own cash on samples from the manufacturers, shoot commercials, photoshoots, etc. in order to run a crowdfunding campaign doing PRE-sales. The problem with this, is It'll take longer to get to market.
- Take a loan - I have someone in my community that will loan me the $45k and they are only expecting a 10% return when the company becomes profitable. This will get me to market faster, but I'll owe money. And Also, I know that @MJ_DeMarco speaks of the client taking the backseat when having an investor.
I've been working on the product idea over the last 2 years passively. Got branding done, contacted a few manufactures, etc. After reading both TMF and Unscripted i've decided to go accelerate it as it follows the CENTS commandments. Even though it's not a brand new idea, i feel that I have a niche market that will get behind it because of the branding, being an excellent product, and other variables that I will skew. Everyone that has encountered the branding that I have presented so far for the product loves it.
I have the skill sets to create marketing/sales funnels, websites, google analytics, etc.
Does anyone have some advice on either two?
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