Innovators out there would usually have something mind blowing that would definitely help the world and would revolutionize history. However, the thing with innovators is that they would not always have the money for marketing and for production which means that they would need someone to finance projects for them. So for those who are innovators, here are some tips on getting 100 percent project funding.
Now if one would want his little endeavor funded, then he would need an investor who is willing to put money in. It can be a single investor or a group of investors depending on how big this endeavor is going to be. So with that mindset, one must remember that he is dealing with big people here and needs to know how to please them.
So the very first thing that he has to remember is how to present the idea to the investors in a way that they will want to fund it. First of all, he has to create a medium wherein he can present his idea to the prospective investors. This could be done either with a video, a powerpoint presentation, or a prezi presentation.
When creating the presentation, one has to first show the big picture and what the finished product of his project is in order to impress the investors. From there, he will then show them the details on how it can be created. So the trick here is to first go for a big birds eye view, then slowly zoom into the details and work back to show how the end product was created.
Since money would be shelled out, one has to give the investors an idea as to how much. So the budgeting for the investors is extremely important because this is one of the things investors would really scrutinize. Investors would want to know for what exactly each dollar and cent would go to. Of course it would be common for there to be a lot of negotiations and scrutiny.
Now when this is finished, one has to then give the investors a little sweetener to seal the deal. Of course if one is an investor, he will definitely not do something without receiving something in return. So for example if the idea would be generating money, then the investors should get a slice of the profits as well.
Of course for those who are doing some sort of social project, then he may offer more publicity for the investor. If the investor has a company, then the innovator may actually include the name of the company should the project go well. Of course for this, there must be tie ups with the media so that everything will be featured to the public.
So basically, those are some techniques to get the attention of investors for project funding. Now do remember that the proposal will be under a lot of fire since it involves a huge sum of money. But believe in the proposal and present the idea well and things will go smoothly.
Now if one would want his little endeavor funded, then he would need an investor who is willing to put money in. It can be a single investor or a group of investors depending on how big this endeavor is going to be. So with that mindset, one must remember that he is dealing with big people here and needs to know how to please them.
So the very first thing that he has to remember is how to present the idea to the investors in a way that they will want to fund it. First of all, he has to create a medium wherein he can present his idea to the prospective investors. This could be done either with a video, a powerpoint presentation, or a prezi presentation.
When creating the presentation, one has to first show the big picture and what the finished product of his project is in order to impress the investors. From there, he will then show them the details on how it can be created. So the trick here is to first go for a big birds eye view, then slowly zoom into the details and work back to show how the end product was created.
Since money would be shelled out, one has to give the investors an idea as to how much. So the budgeting for the investors is extremely important because this is one of the things investors would really scrutinize. Investors would want to know for what exactly each dollar and cent would go to. Of course it would be common for there to be a lot of negotiations and scrutiny.
Now when this is finished, one has to then give the investors a little sweetener to seal the deal. Of course if one is an investor, he will definitely not do something without receiving something in return. So for example if the idea would be generating money, then the investors should get a slice of the profits as well.
Of course for those who are doing some sort of social project, then he may offer more publicity for the investor. If the investor has a company, then the innovator may actually include the name of the company should the project go well. Of course for this, there must be tie ups with the media so that everything will be featured to the public.
So basically, those are some techniques to get the attention of investors for project funding. Now do remember that the proposal will be under a lot of fire since it involves a huge sum of money. But believe in the proposal and present the idea well and things will go smoothly.
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