I have heard radio interviews and seen very successful social crowdraising campaigns, that raise their money and go onto become multi-million dollar companies, spoke with an entrepreneur who had 15 million to start for his business. While others struggle for years, or churning out idea after idea, or sit with $0 on gofundme or indiegogo. Is it luck? Talent, is it chance, a phase of astrology, is it the people you know, your credit score or earnings, the family you were born into, energy blocks. Is it neural pathways, is it if you nap like Einstein did? What is it?? I have pondered this for years. It is very hard to raise seed money. Yet some people know how to do it so well!
Generally the answer is lack of action.
I remember having a talk with a person at an Internet Marketing Party in Austin (everyone should travel to Austin + attend a few of these) about her project.
She had determined she required $80K to launch.
She had wasted... er, invested... 2x+ years asking investors for money.
Over a 15 minute period, I mapped out how I'd use https://Meetup.com for $100/year to bootstrap a business like hers.
She did.
She was making 5x figures a month in a few months.
This was her first business + she had no previous experience.
Moral: Action trumps all else.
Tip: If you can't figure out how to turn an idea into 5x figures a month in a few months... Either hire someone to help you design your monetization or come up with another idea.
Answered 5 years ago
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