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195, Next step money needed. Posted by Double J, Tue Mar-06-07 07:58 AM
I've been making and selling RC rock crawlers for about a year now and would like to take it to the next step. I would like to get the cash to purchase new equipment, and be able to stock pile products and supplies as needed to have a quicker turnaround. Amount needed would be in the range of $5,000 to $10,000.
A little info about what I do. I've been making Competition Rock crawler chassis and have just introducted a scale chassis. I also make custom Tube frame rock crawlers and other custom parts such as bumpers, roof racks and what ever else customers request, I also provide powder coating to the comunities I'm apart of online. So far I've been able to stay just about even, by taking the money made and investing it back into products. I Purchase a minimum amount of parts needed but would like to make larger orders on parts to help lower my costs and make a better profite so that I can start making money. I would also like to be able to purchase and sell some electronics and other parts needed (suchs as shocks, transmissions and so forth) for this "hobby" market as it is growing constantly. I'm also wanting to get my website (www.1doublej.com)shopper ready.
some sites you can look at to see what it is: www.rccrawler.com , www.scale4x4rc.com , www.warcrc.com. I'm a vendor on the first two listed. I have a great feed back and am considered one of the top fabricators on the sites.
A couple pictures of my products. Custom bumper. http://i41.photobucket.com/albums/e269/coy5840/Dcp03033.jpg
Competition Chassis. http://i41.photobucket.com/albums/e269/coy5840/DCP03021.jpg video in action. http://s41.photobucket.com/albums/e269/coy5840/?action=view¤t=CLIP0058.flv http://s41.photobucket.com/albums/e269/coy5840/?action=view¤t=vsWrock_0001.flv
Scale Chassis. http://i41.photobucket.com/albums/e269/coy5840/Scale%20Chassis/DCP02903.jpg http://i41.photobucket.com/albums/e269/coy5840/Scale%20Chassis/Dcp02867.jpg
Tube work http://i41.photobucket.com/albums/e269/coy5840/DCP01927.jpg http://i41.photobucket.com/albums/e269/coy5840/Spyder%20type%20Tuber/DCP02398.jpg http://i41.photobucket.com/albums/e269/coy5840/Spyder%20type%20Tuber/DCP02389.jpg
Jason
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196, RE: Next step money needed. Posted by lisasgourmet, Tue Mar-06-07 08:48 AM
You are going to need a business plan. Work with your locl small business development center & they can point you in the right direction for financing.
Good Luck!
Lisa
http://www.allthingscheesecake.com
Save the Earth! It's the only planet with cheesecake!
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197, RE: Next step money needed. Posted by Double J, Tue Mar-06-07 09:50 AM
>You are going to need a business plan. Work with your locl >small business development center & they can point you in >the right direction for financing. > >Good Luck! > >Lisa
Got the BP done, just need the cash now. Thanks for the input. I've worked with the local SBDC as well as attended their functions/classes. They have some great insight but they are really not that good at sending someone to get the money, more on what you will need to get the funding, such as a good BP and financial plan/summary.
I need all the luck I can get, Thanks.
Jason
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198, RE: Next step money needed. Posted by lisasgourmet, Tue Mar-06-07 09:54 AM
Have you talked with your local bank? Since the amount is so small, maybe just do a personal loan. Do you have any assets that could be considered collateral or have a family member who could provide you with the money?
If your credit is good, there are many firms who could help you. Search the internet. I did & I'm getting a bit better response for funding.
The money is out there, you just have to find the person who agrees with your plan and projections!
Don't give up!
Just a few suggestions.
http://www.allthingscheesecake.com
Save the Earth! It's the only planet with cheesecake!
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199, RE: Next step money needed. Posted by fishrang, Wed Mar-07-07 03:16 PM
Hi Jason, Try this link below, it has been helping me raise the money I need! http://www.bedzzzinn.com/raisecapitalswiseman.html
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200, RE: Next step money needed. Posted by Double J, Thu Mar-08-07 05:31 AM
>Hi Jason, >Try this link below, it has been helping me raise the money I >need! >http://www.bedzzzinn.com/raisecapitalswiseman.html
I've looked at the site and had a couple questions.
How much have you raised? How long have you been doing it?
You can PM me the information if you like.
Thanks, Needing all the help I can get. Jason
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203, RE: Next step money needed. Posted by Double J, Mon Mar-12-07 06:34 AM
fishrang - Thanks for the PM. The info helped out.
Jason
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212, RE: Next step money needed. Posted by selah29, Sat Mar-17-07 12:33 PM
You should be able to pull that out of a Signature Loan from you bank. Or you could refianance your house and pull some money out. One of these two ways should work for you.
Chico
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228, RE: Next step money needed. Posted by info_m02, Sun Mar-25-07 11:44 PM
Since the money you are asking for in purchasing your equipment is quite small i may be willing to make a loan available to you. But you must have tried out all the options suggested to you in the forum and if there is still no way out, i will be willing to help. contact at marvin4info@yahoo.ca
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