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Forum nameMarketing Mix
Topic subjectRE: BRAND MARKETING & SPONSORSHIP ASSISTANCE???
Topic URLhttps://www.businessownersideacafe.com/forums/dcboard.php?az=show_topic&forum=106&topic_id=735&mesg_id=737
737, RE: BRAND MARKETING & SPONSORSHIP ASSISTANCE???
Posted by Pepperfire, Mon Oct-29-07 04:34 AM
I commend you on coming up with an idea that is saleable.

Unfortunately, If I understand your question correctly, you are in the position of many entrepreneurs who have either made it or broken it.

You haven't the money to run with the project you would like to run with.

You have two options... Find a backer or wait until you can afford to run with the project yourself.

There is a reality TV show that is very popular called "The Dragon's Den". I don't know if you have it in the States, but it is very popular in both England and Canada.

Essentially, an idea man (or woman) pitches their idea to a board of successful businessmen. If they win the show, they are given the money to run with their idea... Of course, it means giving up more than half of their business to the "Dragons".

I'm not suggesting you get on the show, just that you look into what the idea men have to go through to get their money and copy that before you pitch any money men. These don't have to be bankers, they can be private investors.

Prepare as if you're only going to get one shot, so make it a good one. Your proposal has to really sell the money man, the idea has to be sound, have a good solid business and marketing plan and be better than anything else the money man is considering. Of course, if he(she) accepst, then, you'll have a business partner, but you'll have your money. Maybe your UFC fighter has the money you need?

The other option is to simply start aggressively saving your money until you are ready to run with it on your own.

Either way, good luck.

T