Questions

My nephew is starting a business in the fitness. He’s 24 years old just graduated recently with a bachelor of business administration degree and he is shirking the idea of getting a day job and his parents made him a deal he has 18 months to build a business that at the very least breaks even he asked me for some advice and I recommended crowdfunding as I think this provides an opportunity to ramp up his business and break even much sooner. He is very familiar with this building, very familiar with social media reach, growing a social following and I am reaching out to some experts in a crowdfunding arena to see if it’s even worth going for funding.

The way to know is start a few projects + see.

Likely best to only start one project at a time... meaning only one crowdfunding site running the project at a time.

So use different sites in sequence, rather than simultaneously.

And... There's a far better way to do this... at least as a test.

1) Come up with something to sell.

2) Open a http://Meetup.com group with fitness as the category.

This might not seem so powerful + here's a tip.

When you start a Meetup group, once your group is approved by the Meetup Trolls (dark beings who issue such approvals), sometime in the next few days, they will send an email to every Meetup member camped on the fitness category.

You can't find out the numbers any more, because Meetup stupidly (was one of the best marketing tools on the planet) turned this off several years ago.

And, just so happens, last time I helped someone setup a fitness related Meetup group in Austin, TX there were...

15,000 Meetup members in Austin, camped on this topic.

So, when you setup your Meetup group, set the zipcode of your Meetup group to the closest zipcode to you which has the highest population density.


Answered 5 years ago

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