6 Places Where Students Can Find Potential Investors for Their Business
Starting your own business while still being at college can be a brilliant opportunity for jump-starting your entrepreneurial career and growing your capital.
Yet, as you can easily guess, it also has certain drawbacks. Namely, student entrepreneurs typically face two major challenges.
The first issue is a banal lack of time. There is no secret that planning, launching, and then managing a startup can take nearly 100% of the entrepreneur’s time. And so does studying. Luckily, there is a simple solution to free up the so-needed time. You can get essay help from pro writers at the essay writing service EssayHub. This way, you will have more energy and time for starting your business without giving up on your grades.
While the first challenge is rather easy to overcome, the second one can really drive you nuts. We are talking about the lack of funding. But, luckily, there is a solution to this problem as well. Namely, as a student entrepreneur, you may want to find investors to get funding for your enterprise. In this article, we will tell you where to look for them.
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For a small business, one of the simplest, fastest, and, thus, best ways to find funding is to take a loan. In fact, that’s exactly what many young entrepreneurs do. If you want to know the academic ins and outs of the loan systems, you may land on NoCramming. The essay writing services reviews on NoCramming is the place that will help you to deal with more than one issue.
Why is taking a loan a good idea? The biggest reason why young people go this way is that loans are considered a better source of capital if you want to build a profitable enterprise. Of course, if you choose this option, you are the one who bears all the risks. But, at the same time, you also don’t need to share the power or profit with a crowd of investors in the case of success.
But, again, it all gets down to your individual situation and needs. While it may be a perfect solution for some, it may not work at all for others.
Your Close Circle
This may surprise you, but, according to stats, nearly 60% of new enterprises are funded with credit or personal savings. And the next big share of funding sources (25%) is taken by family and friends.
Thus, before you look any further, try to ask around! Depending on your financial needs, you might be able to collect the needed sum of money from people you know. And, if you present your idea clearly and interestingly, you might as well make them want to participate. This way, you can gain investors and additional support.
The next popular method for finding investors is using online fundraising platforms. It will be fair to say that such websites are on the rise these days. And, they seem to be quite effective for aspiring entrepreneurs.
Today, there are quite many such platforms. To name a few, the most recognized ones include AngelList, StartEngine, SeedInvest, and CircleUp. Alternatively, there is also another type of site for fundraising that works on a donation basis. If it sounds better to you, you can try Indiegogo or Kickstarter, which are also both great for startups.
Social Media Channels
These days, social media plays a huge role in business. Whether it is marketing, sales, or even fundraising, there are plenty of ways to leverage these channels to your benefit. Of course, if you know how to use it correctly.
With the help of social media, you can grow a personal brand and gain recognition. After that, you can also attract the attention of potential investors. Besides, such channels are also great for testing the market. So, if you have a very clear idea in mind, you can use social networks to see if it has the potential to sell.
Networking has always been one of the core components of success in the business niche. The better you can network, the greater are your chances of launching a profitable startup. And, while social networks and other online channels are good for networking, there is nothing better than real, offline events, which can also help you find funding.
Regardless of your industry and needs, there are plenty of different events that you can attend to get your ideas noticed and, hopefully, attract investors. This may include all sorts of summits, expos, and conferences. Even not-so-obvious events like yacht shows, charity fundraisers, and many others should not go unnoticed. The only tip is to understand who your potential investors are and which events they may attend.
Personal Website or Blog
Finally, another popular method of seeking funding is by attracting inbound attention to your website or blog. Among all the options mentioned earlier, this one seems to be slightly underestimated by young entrepreneurs. But, it’s in vain.
With a smart SEO strategy and high-quality content, you can gain lots of traffic for your blog or website and then use this traffic to collect money for your startup.
The Bottom Line
Now, after reading this article, you should have a clear idea of where to seek potential investors for your student business. What’s next, you may wonder?
Though it is great to know where to look for help, if you want to ensure success, you also need to know the basics of fundraising and prepare well. Namely, you will need a great idea and no less great business plan. With their help, you should be able to drive the investors’ attention and win their trust.
In any case, now you know which way you should be heading. So, don’t lose the courage and follow your dream!