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REALTORpreneur

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I currently have a couple of marketing plans I paid for ($1000 each) now I need to do the next step, find investors to help these ideas turn into reality. The ideas are all for iPhone applications, anyone know where I should start looking? :smxF:

Best Regards,
Realtorpreneur
 
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snowbank

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I currently have a couple of marketing plans I paid for ($1000 each) now I need to do the next step, find investors to help these ideas turn into reality. The ideas are all for iPhone applications, anyone know where I should start looking? :smxF:

Best Regards,
Realtorpreneur

You don't have anything to invest in. You should have spent the money implementing the ideas. An investor will view it like this- they will think you know so little about how to make money from this that you had to hire someone else to tell you how to market it- You realize how crazy that sounds to someone you're asking money from right? All the investor sees is someone who has 0 experience implementing ideas and likes to spend money.

You could have used the few grand to develop the apps, and spent 24 hours reading online how to market iphone apps and been in a much different position.
 

Rickson9

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Harsh, but I would have to agree with snow.
 

REALTORpreneur

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You don't have anything to invest in. You should have spent the money implementing the ideas. An investor will view it like this- they will think you know so little about how to make money from this that you had to hire someone else to tell you how to market it- You realize how crazy that sounds to someone you're asking money from right? All the investor sees is someone who has 0 experience implementing ideas and likes to spend money.

You could have used the few grand to develop the apps, and spent 24 hours reading online how to market iphone apps and been in a much different position.

I do have a lot to invest in............... This shows your lack of knowledge in the mobile application department... $1k for a app? Please show me who... The application is going to be developed by a team that has done many apps before and has a good track record (minimum $10,000). 24 hours reading online how to market? Are you joking me? With the market being so saturated you need a professional with higher than average research doing market analysis and defining your target market CLEARLY. I have financial projections, people available to work in India for dirt cheap social media and most of all, a clearly designed plan to make money. Now if any educated person can reply to this post it would be appreciated.
 
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bflbob

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Now if any educated person can reply to this post it would be appreciated.

That will move you up the respect ladder real quick.

No sense coming to the B&P now. Snowbank was our cutting edge the past several years.

Re-read his post, and yours, and you'll see the magic in his reply.

Hint: You didn't promise a product... you had ideas. Bad term to use on this forum.

I have ideas too. They are:

1 year anniversary ideas
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snowbank

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This shows your lack of knowledge in the mobile application department... $1k for a app? Please show me who...

Do I get the other $9k you were going to spend if I do?

24 hours reading online how to market? Are you joking me?

The scary part is I've only spent a few hours reading/talking to people in the app development biz, yet there are things I know about it that you don't, but you are the one wanting people to give you $10k because someone you heard of has a track record in this stuff and you're working with "professional marketers".

you need a professional

You don't, but even if you did, the investor would want the professional to be YOU.
 

snowbank

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Harsh, but I would have to agree with snow.

I need to work on this. My online posts come off harsh, and if I was saying the same thing in person it doesn't. I need to get a writing coach or something, I write too blunt.
 
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mrhahn

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I suggest being open to criticism on this forum. It also doesn't help to question someone's intelligence - doesn't do much for your argument.

I do have a lot to invest in.......
...
I have financial projections, people available to work in India for dirt cheap social media and most of all, a clearly designed plan to make money.

You still just have an idea. Anyone can come with all the charts and projections they want. If you haven't taken the first step towards execution, how do you expect someone to put their money down for it?
 

Inphinity

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I have to question developing the marketing plan and all, before you have even started developing the product. I'm not sure I understand this approach, it seems backwards to me, is anyone able to clarify why this would be done?


I need to work on this. My online posts come off harsh, and if I was saying the same thing in person it doesn't. I need to get a writing coach or something, I write too blunt.

Good idea. Maybe you can hire a Professional for that. It'll only be $10k! :smxF:
 

CEBenz

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I need to work on this. My online posts come off harsh, and if I was saying the same thing in person it doesn't. I need to get a writing coach or something, I write too blunt.

We'll just call you the "Larry Winget of the Fastlane world" I believe he dubbed himself "the world's first irritational speaker." lol
 
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Gonzosan

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I agree with snowbank, just because it's a great idea it doesn't mean someone will readily put up money for it. Personally if I was going to put up money for something I'd want to see something, a prototype or something already made.
 

biophase

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I currently have a couple of marketing plans I paid for ($1000 each) now I need to do the next step, find investors to help these ideas turn into reality. The ideas are all for iPhone applications, anyone know where I should start looking? :smxF:

Best Regards,
Realtorpreneur

I have financial projections, people available to work in India for dirt cheap social media and most of all, a clearly designed plan to make money.

Everyone has people available to work in India for dirt cheap.
Financial projections aren't really worth anything
You paid $1000 for your clearly designed plan

I thought this post was a joke when I first read it. I am assuming that you are a realtor by your handle name. Imagine if I purchased a home remodel plan which outlined what to remodel and plans for the bathrooms and kitchen. The plan also outlined the house to buy and the price to pay. Based on the plan, you would buy, fix and flip and make $50k.

Then you go out and try to find investors to help you purchase this house with their money.

They will want to know if you've ever fixed and flipped before
Have you managed a rehab?
Does the remodel plan look sound? does the budget work?
Do you have a contract on the home?
Have you run comps?

See having a detailed plan means nothing if you've never hired a contractor to remodel a kitchen or if you've never marketed a home or sold one...

For an investor to look at your opportunity and feel good, you will have needed to have experience in the business you are pitching or at least have something done.

For instance in my example, if you had the house under contract at the price in your plan, that would be huge. Else, your plan is just hoping to get it at that price. Nobody is investing in hopes.
 

bflbob

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Crap!!

I just realized I showed all my ideas. Please respect my wishes and don't steal them. If I catch ANY of you having a 1 year anniversary idea, my attorney will be in touch!

Seriously REALTORpreneur, we aren't hating on you here. We're giving you the tough love treatment. Learn to love it.
 
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REALTORpreneur

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You see the thing is I'm not even defensive, I'm reading these reply's with a open mind and the only half intelligent response so far has been biophases'.

What you guy's seem to not understand is a mobile application is not a physical product, therefore the start is getting the application DEVELOPED which is expensive and is obviously why this is where most people look for funding.

Where should I start do you guys guess then?

Because if I paid to get it developed and dropped it into the market, the greatest idea in the world would be gaureented to drop in the saturated market without advertising money to back it up.

Anxious to hear back some intelligent responses please, don't wanna lose hope in this forum.

and to the tough love statement -- don't flatter yourself.

By saying ignorant remarks as "The scary part is I've only spent a few hours reading/talking to people in the app development biz, yet there are things I know about it that you don't, but you are the one wanting people to give you $10k because someone you heard of has a track record in this stuff and you're working with "professional marketers" - snowbank

^^ shows your lack of intelligence, because you're making a statement like you know the research I have done(obviously if I spent $1000 in a marketing plan I did a lot of research of everything beforehand and have a lot of private research at my finger tip you awesome human being ;)). Please if you are going to be a ignorant stay out of my thread.:smx4:
 

Rickson9

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This isn't going well...
 

petethepeddler

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Anxious to hear back some intelligent responses please, don't wanna lose hope in this forum.


Please "lose hope in this forum". This is not the place for you. The people who have posted above are very intelligent and most are well respected. There is a wealth of information here in past posts and if you had shown any initiative you would have found that your question has been answered before. You also would have found that snowbank is an intelligent, well respected member of the forum who has helped many people on here.

It is very bad form to show up unannounced, ask a question without researching whether its been asked before, and then disrespect / bash someone who tries to help you.

If you would like to reform, take a wander through past posts and search the forum for your answers. Introduce yourself in the introductions section. After some deep thought, narrow the focus of your question and ask again.
 
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petethepeddler

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This shows your lack of knowledge in the mobile application department... $1k for a app? Please show me who... The application is going to be developed by a team that has done many apps before and has a good track record (minimum $10,000).

Read the transcript: How Non-Developers Can Get Apps Made And Into The App Store – with Ken Yarmosh

and this one: $80,000 A Month In App Sales By Outsourcing EVERYTHING – with Mike Moon and Quoc Bui

It is possible you just have to EXECUTE instead of plan to.
 

Runum

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I currently have a couple of marketing plans I paid for ($1000 each) now I need to do the next step, find investors to help these ideas turn into reality. The ideas are all for iPhone applications, anyone know where I should start looking? :smxF:

Best Regards,
Realtorpreneur

OK, I will take a stab at this. Realtorpreneur you are welcome here if you follow the community rules and observe some forum etiquette, no different than any other community.

You have approached the group as if you have the next best thing since sliced bread. We hear it all the time. If you took the time to read the threads and possibly, the owners(MJ's book), it would give you an idea of the flow of the forum(community). I don't think it shows good business form to approach any community by the method you have chosen. Would you walk into a community center and begin pitching your idea to the crowd without introducing yourself and warming the crowd up?

Even your thread title is a challenge to us as a group, as if we are pretenders or some such. Most of the people that have responded to you are very successful and are responding to your sales pitch, not your idea.

As has been suggested, if you would like a do over, the door is open. Properly introduce yourself. Tell us where you have been, where you are, and where you are going. That is how you build relationships.

After you get over the "get-to-know-you" phase(it may take some time now) you may feel welcome to make another pitch.

If you choose not to do this, that's OK to. However, this thread is not going well and I don't see a good ending to it.

Not many people invest in ideas, they invest in people. Frankly, we don't know you and we are questioning your ability to pull this off. It's your job to sell it and you are not doing a good job.

Good luck either way.
 

REALTORpreneur

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^^ Seen stuff exactly like it & this is what I consider criticism.

This is why it wont work.

It says they paid $1800 for a simple application to be developed to just crop a picture, thats it. I need something a with a lot more functionality which costs a lot more due to the time it takes. They also go on to talk about they made the app in 09... When the market had a lot less apps in it.

TY for the good response though Pete, I appreciate it.
 
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REALTORpreneur

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OK, I will take a stab at this. Realtorpreneur you are welcome here if you follow the community rules and observe some forum etiquette, no different than any other community.

You have approached the group as if you have the next best thing since sliced bread. We hear it all the time. If you took the time to read the threads and possibly, the owners(MJ's book), it would give you an idea of the flow of the forum(community). I don't think it shows good business form to approach any community by the method you have chosen. Would you walk into a community center and begin pitching your idea to the crowd without introducing yourself and warming the crowd up?

Even your thread title is a challenge to us as a group, as if we are pretenders or some such. Most of the people that have responded to you are very successful and are responding to your sales pitch, not your idea.

As has been suggested, if you would like a do over, the door is open. Properly introduce yourself. Tell us where you have been, where you are, and where you are going. That is how you build relationships.

After you get over the "get-to-know-you" phase(it may take some time now) you may feel welcome to make another pitch.

If you choose not to do this, that's OK to. However, this thread is not going well and I don't see a good ending to it.

Not many people invest in ideas, they invest in people. Frankly, we don't know you and we are questioning your ability to pull this off. It's your job to sell it and you are not doing a good job.

Good luck either way.


TY, maybe you're right. By the thread title I didn't mean to be questioning anyones authority / knowledge or I wouldn't even bother asking here. I simply capitalized REAL because I wanted serious people replying to this thread. Also I had no intention of pitching anyone here, but to gather knowledge on where they think I should go from where I am at this point in time.
 

bflbob

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<Sniff> <Sniff>

Me thinks someone just took a dump in their own cereal bowl.

You see the thing is I'm not even defensive

To be defensive would require having something to defend. I'm thinking you are leaning more toward offensive.



Please if you are going to be a ignorant stay out of my thread.

Note to self: Tape this to mirror.


I'm reading these reply's with a open mind and the only half intelligent response so far has been biophases'.

I'm sure he'll be happy to hear he is half-intelligent.


What you guy's seem to not understand is a mobile application is not a physical product, therefore the start is getting the application DEVELOPED which is expensive and is obviously why this is where most people look for funding.

Unlike the space shuttle, which is mainly inexpensive fluff, stuffed inside an overpriced roll of sheet metal.


I spent $1000 in a marketing plan I did a lot of research of everything beforehand and have a lot of private research at my finger tip you awesome human being

I spent a boatload of money on upgrades on my rental units last year, and I don't know diddly about it yet.

I spend several hours per day on websites, and several thousand dollars in training, and I don't know diddly about it yet.

I'm happy you spent $1k on a marketing plan, and did a lot of research, but you don't know diddly about it yet.


Gotta go. Wheel of Fortune is on and I'm working on 5-letter words tonight. Probably won't figure any out, since I'm kind'a slow.
 

JEdwards

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I personally think all you guys are giving this young man too hard of a time..

I don't think you guys get it. He has a marketing plan. He paid 1,000 big bucks for it. All he needs is a little cash to implement it..

I got an idea for you on how to raise the cash here real quick. Lottery tickets, no wait MLM. forget that umm. Go to the track.. Intelligent is running in race 4. Go all in for the Win..
 
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CEBenz

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I currently have a couple of marketing plans I paid for ($1000 each) now I need to do the next step, find investors to help these ideas turn into reality. The ideas are all for iPhone applications, anyone know where I should start looking? :smxF:

Best Regards,
Realtorpreneur

Many times, you won't find investors until you're already at a stage where you no longer need them.

Can you get them at least scabbed together to have some form of prototype to show?

Right now, you're wanting people to invest in an idea, and presumably, you don't have a track record in this field.
Do you have a track record of execution in any other field?
If not, it's going to make for a tough sell.

I think a better approach might be to see if you can partner with someone (preferably a developer) and then you may have better luck than trying to get someone to invest. I mean you could look up a local Angel group, but I suspect you may not have much luck.

Know any brilliant college age developer types?
 
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petethepeddler

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I think what some people have alluded to, and others have stated is that in order to get REAL investors you need to have a REAL product. I'm not knocking your efforts thus far.

Could you explain your thinking as to why you went with a marketing plan first, before a product?

It may take a minimum of $10,000 to develop the app you want to do, but what if you left some features out for the first version? Think of it this way: What is you minimum viable product? Whats the least amount of features you could have and still appeal to your target audience? You don't need to have every feature you think you do.

Who cares if your app is drowned in the sea of other apps. Get the minimum viable product out there and market as you go along. You'd be surprised what could be accomplished with just good user experience and word of mouth. Marketing is all about how much money you spend, there are lots of ways to market without spending a dime.

As for your original question. Without a viable product, its tough. Investors don't invest in ideas. They invest in people, systems, products; in short, concrete things.

The best answer I could give you is to either create a limited feature version of your app idea, even if it doesn't work quite right.

Or you could apply to an incubator like TechStars.

TechStars » Funding and Mentorship from the #1 Startup Accelerator in the World

check out the interview as well:

How TechStars Is Launching Startups Across The Country – With David Cohen
 

CEBenz

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I think what some people have alluded to, and others have stated is that in order to get REAL investors you need to have a REAL product. I'm not knocking your efforts thus far.

Could you explain your thinking as to why you went with a marketing plan first, before a product?

It may take a minimum of $10,000 to develop the app you want to do, but what if you left some features out for the first version? Think of it this way: What is you minimum viable product? Whats the least amount of features you could have and still appeal to your target audience? You don't need to have every feature you think you do.

Who cares if your app is drowned in the sea of other apps. Get the minimum viable product out there and market as you go along. You'd be surprised what could be accomplished with just good user experience and word of mouth. Marketing is all about how much money you spend, there are lots of ways to market without spending a dime.

As for your original question. Without a viable product, its tough. Investors don't invest in ideas. They invest in people, systems, products; in short, concrete things.

The best answer I could give you is to either create a limited feature version of your app idea, even if it doesn't work quite right.

Or you could apply to an incubator like TechStars.

TechStars » Funding and Mentorship from the #1 Startup Accelerator in the World

check out the interview as well:

How TechStars Is Launching Startups Across The Country – With David Cohen

I think you did a better job of responding than I did Pete.
 
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GlobalWealth

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Hey kiddo, why don't you let the big kids talk a bit. Try respecting the forum rules. A proper introduction is always necessary. We don't know who you are other than some punk 22 yr old kid who apparently has something to do with real estate but now wants to develop an iphone app.

You jump on a forum without letting us know who you are and one of the smartest web marketing guys I know, snowbank, just gave you some advice (albeit a bit harsh).

You were blessed with 2 ears and one mouth. That is not an accident. You clearly have not figured out the intended purpose however.

Anxious to hear back some intelligent responses please, don't wanna lose hope in this forum.


I'm with pete here, please lose hope. Honestly, with this initial thread, you have already lost any possible amount of respect you may have ever had.

Back away. Go back to mommy before someone hurts your feelings. I'm sure she will make you some brownies and it will all be better.

Bob, turn the channel, Jeopardy is on. Maybe you will learn something.
 

bflbob

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OK. I REALLY liked the reply by Runum, and REALTORpreneur's reply to it.

Unfortunately, I had already written and posted my reply before reading it, and it is too good to waste.

I'm going to call a truce, since I think the negative energy isn't good for me or the forum.

So, I'm going to give what I hope are more honest and helpful replies.


First, I had almost deleted this thread when I first spotted it. It reeked of someone looking for money, and that doesn't float in this forum. It got me off to a bad start.

Second, I didn't like your response to snowbank. He's a great guy who has shared some extremely helpful info to all of us here. If you had said that you didn't agree with him, or didn't understand him, that's one thing. Unfortunately, you crossed a line in my opinion.

Third, in more direct response to you original question, I doubt you'll find an investor. You have a concept, even though it is one that has some marketing research. You don't need to find an investor. You need a job, or a gift of $10k.

Think of it this way... would you invest $10k with Steve Jobs for a stake in his new computer company? I would. He has a proven record in the field. I know he can do it.

Now would you invest $10 with Harold Pinkus for a stake in his new computer company? I wouldn't. I don't know Harold, nor has he ever had any success in the field. I'm not at all confident he can do it.

If Harold went out and studied computer design, talked to a few folks about it, and did a market study on how many people might buy a new computer -- would it help? Maybe. But I'd still be hard-pressed to invest the $10k.

On the other hand, if Harold came to me with a working prototype of his handy new computer, I might be interested. If he had it patented, I'd be more interested. If he had made 10 units and put them in schools, gathering feedback (assuming it was good, or at least useful), then I'd really be interested.

What you showed us (which is all we know) is a plain old run of the mill Harold. You haven't indicated that you've ever built a successful app before. Nor that you've ever been involved in designing one.

You (metaphorically) are Harold, standing there with a bunch of data about marketing, telling us how many computers you can sell, when you've never built one.

Folks with money know this. That's how they end up with money. Well, unless they buy apartment buildings. Or build websites.

So that's my advice. Beg or earn $10k to build a working prototype of the app -- one without all the fancy stuff. Just the basics. (But it better be unique, and it better work.)

If your app (for example) barks whenever you get within ten feet of a dog who has an RFID chip in it, then investors won't care if the dog is barking realistically. Or if it barks like a beagle when you walk by a Doberman. Or if it it too loud or quiet. If it works in the basic form, investors are smart enough to know that their money will make it bark right.

But they are also smart enough to know when it is barking up the wrong tree.

Hope this helps. If you don't do it now, watch Shark Tank on Friday night. You'll learn a lot about what investors are looking for. Control. Volume. Minimal competition. Uniqueness.


Bob
 

CEBenz

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The other possibility I see is, maybe, if it's good enough, maybe he could get a contract to supply someone with the app. Then, he has an idea and a customer. That may hold a bit more weight. This is simply a guess on my part but I do remember Aristotle Onassis doing something along those lines with shipping. Obviously a different industry and he arguably had credibility by then but, it's a thought.
 
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