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Forum topic by kolwdwrkr posted 04-16-2009 11:37 PM 958 views 0 times favorited 5 replies Add to Favorites Watch
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2821 posts in 3014 days

04-16-2009 11:37 PM

I came up with an idea that could be the beginning of a whole new life for me. But in order to do this idea I need investors. The idea is internet based and I would need to pay for a web designer, the hosting, marketing, etc. This would be a website that is very beneficial to the woodworking industry and I am very excited about it, although without investors, what is the point. I am wondering where I could post an ad seeking investors or an investor who I can pitch this idea to. Suggestions?

-- ~ Inspiring those who inspire me ~

5 replies so far

View Zuki's profile


1404 posts in 3501 days

#1 posted 04-17-2009 12:44 AM

Is it a project based, social networking sort of site that allows people to post pics, blog their projects and post tool reviews ?

If it is it probably won’t work :-)

-- BLOG -

View Peik Löf's profile

Peik Löf

115 posts in 2796 days

#2 posted 04-17-2009 01:15 AM

Sounds interesting, keep us up to date with how it goes

Very amusing Zuki :D

-- My signature is awesome.

View LocalMac's profile


281 posts in 2830 days

#3 posted 04-17-2009 07:42 AM

You don’t need to pay all those people. Get a site with a web host on Yahoo or another hosting site. They run the servers, hook you up with a web design program and ways to market your site. You will need some startup money but not much.

-- Don't tell her I'm in the shop!

View RedShirt013's profile


219 posts in 3086 days

#4 posted 04-17-2009 08:30 PM

If you’re treating this as a business instead of a passion, I would think as with starting any business you need to write up a business plan for your idea. Business model, target customers, advertising strategies, return on investment, competitors, similar success stories, development timeline, year-to-year goals, mission/vision statements, website focus & theme, forecasted expense & revenue, etc.

It will help you work out details you likely missed just running through you head, and any potential investors, banks, or venture capitalists will be much more impressed if you have a nicely done business plan.

Nowadays there’s probably a lot of website designers out of a job and have lots of free time on their hands. Maybe you could somehow convince one to be a partner instead of paying in full for their service.

-- Ed

View kolwdwrkr's profile


2821 posts in 3014 days

#5 posted 04-17-2009 11:45 PM

Ed, I agree about the business plan. I am slowly putting things into perspective and they are looking very good. I just have to implement them. I don’t think I’ll be getting anything out of investors and the like, but I thought I’d try. My credit is to poor and I don’t have anything to bring to the table, well except for one hell of an idea.

-- ~ Inspiring those who inspire me ~

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