Ok... Try to take me seriously...

[Phre0nBurn]

I've spend the last fucking hour and a half laying in bed trying to fall asleep. It's 9 am and I still haven't slept. Ugh.

Anyways, I got this absolutely crazy, retarded, semi-unethical, outrageous fucking idea... And I think it may be worth something...

So here is my question... And like I said, I am dead serious right now... lol

Has there EVER been a 50/50 JV, that you know of, that involved one of the parties investing somewhere around $30,000?



I know enough about loans and venture capital to know that I'm not capable of attaining either.

This idea is nothing new, but it is extremely profitable, the market is fucking huge and well established, and the product could be "intensely" profitable and popular.

Please note: I use the word "intensely" because I can't think of a better word to describe it. haha

Ok, so I know I'm fucking loony, and my dreams are much bigger than they should be, being a dude that can hardly make rent... But if you don't try, you'll never know.

It is Sunday, so I can't get much legwork done on securing actual quotes and coming up with some halfway legitimate estimates, but from what I've researched in the last hour alone, I feel safe to say that this "product" would sell a minimum of 100 "units" per day, and each unit would bring in a profit of anywhere between $30-$45, roughly, and this is after all manufacturing, marketing, and other costs are deducted, per unit.

100 x 30 = $3000 per day. These are MINIMAL estimates... Meaning, this is the WORST performance that I could logically envision.
$3000 per day = $90,000 a month, pure income.

This is 101% doable, and the market is fucking ripe for it, because someone else WILL do it in the next 6 months. I have figured out nearly every detail in the last few hours, and I have already sourced every aspect of manufacturing, packaging, etc.

All I need is some numbers to roll with, a bit of moolah, and ~45 days

Once again, I know I sound fucking looney, but for sucking as much as I do at actually MAKING money, I have some insanely good ideas.

So laugh and dickroll all you want, but if any of you have $40k just layin around gathering dust, hit me up
hahaha

 

[kimboslice]

Find the money and do it if you're so convinced.

Ask your family and friends.

If you're not comfortable asking them for the money, then you are not as sure of this "sure thing" as you claim.

Put an ad in the classified looking for investors. I did this many times in the past for buying real estate. Just be sure you write your ad correctly to void running into any SEC issues.

If this is such a no brainer go get the money from somewhere.

 

[trigatch4]

If you can net an investor a good return on their investment - especially in this market - anything is possible.

However, $30,000 is a lot to ask for and if you're serious, you'll need a written proposal that outlines the opportunity, concept, details of the strategy, implementation procedures, marketing plan and financial projections.

Oh yeah... and you need to know who to ask for the money. That is probably the hardest part.

 

[gravearc]

I finally found a legit Nigerian prince, thank god.

 

[Priority_Mail90]

Swallow too many e-books there ? Fact of the matter is you won't get any fools to part with their money for an idea alone.

If it's so easy, rather than blow a full 30k, do a test run of a fraction of that, if they sell as you say, then approach investors.

Also, why coulnd't you just pre-sell these things basically for free with no money outlay on your part, once you've pre-sold, then it should be really simple to source some cash. If you plan on selling via the web, you'll get paid up front by the users via credit card, use that to manufacture the product.

 

[Phre0nBurn]

Find the money and do it if you're so convinced.

Ask your family and friends.

If you're not comfortable asking them for the money, then you are not as sure of this "sure thing" as you claim.

Put an ad in the classified looking for investors. I did this many times in the past for buying real estate. Just be sure you write your ad correctly to void running into any SEC issues.

If this is such a no brainer go get the money from somewhere.

I love your posts and threads... I have actually learned quite a few things from the shit you say... But right now, you are being ridiculous. Because trust me, if I knew ANYONE that had that kind of money, I would have asked a long time ago! lol

But seriously, I could sit here and list each and every person I know, which is a lot, and I couldn't tell you a single one that has even half that amount.

I am completely sure about this, but finding the money is the hard part, as always.

Maybe I will look around for some good places to drop a proposal, and then go from there.

Any recommendations of where to post such an ad?

I have a feeling Craigslist just won't cut it... lol

If you can net an investor a good return on their investment - especially in this market - anything is possible.

However, $30,000 is a lot to ask for and if you're serious, you'll need a written proposal that outlines the opportunity, concept, details of the strategy, implementation procedures, marketing plan and financial projections.

Oh yeah... and you need to know who to ask for the money. That is probably the hardest part.

Yea, I know, I've been thinking about that. I remember when I started my last business, I spent days reading up on how to write a proposal, and wow... I gave up, and luckily I found a "loophole" that got me what I needed without money.

I finally found a legit Nigerian prince, thank god.

Seriously? Shit! I'm gonna go check my spam folder, maybe a real one wrote me too?

Swallow too many e-books there ? Fact of the matter is you won't get any fools to part with their money for an idea alone.

If it's so easy, rather than blow a full 30k, do a test run of a fraction of that, if they sell as you say, then approach investors.

Also, why coulnd't you just pre-sell these things basically for free with no money outlay on your part, once you've pre-sold, then it should be really simple to source some cash. If you plan on selling via the web, you'll get paid up front by the users via credit card, use that to manufacture the product.

Swallow too many ebooks? Fuck, I haven't read an ebook in ages, unless "Confessions of an economic hitman" counts?

I couldn't possible do a test run of this due to manufacturing costs, R&D, wholesale pricing structures, and the overall overhead involved with the project. If I did an effective comparative "Test Run", 50% of the capital would still be necessary, as the product itself isn't more than 50% of the cost, give or take.

From what I've gathered so far, a minimum order, out the door, will run somewhere in the ballpark of $14,000

It isn't an info-product

 

[trigatch4]

I spent days reading up on how to write a proposal, and wow... I gave up

If you're not willing to put in the effort to learn how to write a proposal, why would an investor put up the money? Requiring a proposal is partially a "weeding out process" because they know people who aren't serious about succeeding will do what you did... give up.

I remember hearing about a website where you could borrow money online from actual PEOPLE and are expected to pay them back with interest tacked on. It was a Person to Person lending system and I don't remember the URL but I'm sure someone here could offer it up. Maybe that's an option.

 

[Pr0xyhub]

No one is going to even bother investing their money if you don't elaborate, and just leave it at a 'trust me yo'.

I've done calculations like that too, 100% of the time I have been wrong.

 

[Priority_Mail90]

I couldn't possible do a test run of this due to manufacturing costs, R&D, wholesale pricing structures, and the overall overhead involved with the project. If I did an effective comparative "Test Run", 50% of the capital would still be necessary, as the product itself isn't more than 50% of the cost, give or take.

From what I've gathered so far, a minimum order, out the door, will run somewhere in the ballpark of $14,000

It isn't an info-product

You can pre-sell and give a 2-4 week delivery window, if you don't sell enough to make the minimum you need to do a production run, provide a refund and a sorry to the people you sold to. Meaning, you don't *actually* need the physical product unless it involves standing behind a counter somewhere.

 

[ROIShareTeam]

If you're not willing to put in the effort to learn how to write a proposal, why would an investor put up the money? Requiring a proposal is partially a "weeding out process" because they know people who aren't serious about succeeding will do what you did... give up.

I remember hearing about a website where you could borrow money online from actual PEOPLE and are expected to pay them back with interest tacked on. It was a Person to Person lending system and I don't remember the URL but I'm sure someone here could offer it up. Maybe that's an option.

http://www.prosper.com/
Borrow Money or Invest Money with Social Lending - Lending Club
https://www.loanio.com/

 

[Phre0nBurn]

If you're not willing to put in the effort to learn how to write a proposal, why would an investor put up the money? Requiring a proposal is partially a "weeding out process" because they know people who aren't serious about succeeding will do what you did... give up.

I remember hearing about a website where you could borrow money online from actual PEOPLE and are expected to pay them back with interest tacked on. It was a Person to Person lending system and I don't remember the URL but I'm sure someone here could offer it up. Maybe that's an option.

Ok, maybe I didn't say that the way I meant to... I've been up all night, so I get a few free passes

I needed $22k and I was still new to ANY aspect of business at the time. I read and read, but I quickly realized that the amount I needed, coupled with the current market for the product I would be selling, my lack of documented experience, and quite a few other factors, I realized that my efforts would be fruitless, so as I started to realize that the business just wasn't there to justify such a large amount of capital, I figured out a way to achieve nearly the same results, for $1200.

That total investment of $1200 made me almost $6,000 within about 4 months. It isn't much, but considering I built off of absolutely nothing, branded my shit, wrote tons of content and sales material, and managed to bring in $1200 a month on average in my first 4 months of being in business, without a dollar to spend for advertising, I think I did an alright job... So

I didn't "give up", I just realized that seeking an investor was a ridiculous idea for what I was trying to accomplish, so I "gave up" on that search.


As far as the site you mentioned, that would be awesome if someone could post a link... I'd love to have a look at it

No one is going to even bother investing their money if you don't elaborate, and just leave it at a 'trust me yo'.

I've done calculations like that too, 100% of the time I have been wrong.

Elaborate on what? If you're talking about elaborating here, there are obvious reasons I don't want to simply blurt out specific details of an idea.
:love-smiley-083:

I'm not leaving anything at "trust me yo" (like I would ever fucking say "yo"... lol)

You can pre-sell and give a 2-4 week delivery window, if you don't sell enough to make the minimum you need to do a production run, provide a refund and a sorry to the people you sold to. Meaning, you don't *actually* need the physical product unless it involves standing behind a counter somewhere.

I have thought about that, but I still don't think there is any way to make it happen like that.

I think a CD would be a decent comparison to what I am thinking (although they are not nearly similar products)... So...

You have to record
You have to perfect
You have to re-record
You have to perfect

Then once you have that done, you have to design your artwork for the CD and the cover... You have to get your Product and UPC codes... You have to have alllll of those covers printed up, then applied to cases, which you also need to buy...

Then you have to place a minimum order of copies.

Only in my case, the "recording", or the music itself, is also outsourced, as it can't be done in-house...

So try selling a cd by an unknown artist before it has even been recorded.

It does make the odds of success much less likely... And since this particular idea is volatile, as it is nearly untouched at the moment, but it will pop within 6 months or so, this could be a really tough approach to make work.

Also, for my "idea", the manufacturing process, from start to finish, will take 6-8 weeks... It's hard to offer people a "hot" product, and make them wait 2 months.

:\

Anyways, my main reason for posting was to get the constructive criticism from you guys, and some input as far as where to look for VC's, etc.

Some of you surely have experience with this...

 

[andyt]

Honestly, I would try to make some money doing affiliate marketing first, and then go and do this idea when you have the money yourself. If you still think it's a decent idea. I doubt anyone will invest in your idea without a lot more work and disclosure, and even if they would, would you really want investors when you could do it all yourself?

 

[Phre0nBurn]

Oh don't get me wrong, I would give A-Z details on it to someone if they were truly interested in it. And yea, I would much rather have an investor and be able to dive in soon, rather than wait a year and then try it.

I think the returns I would personally see would be greater now, even when splitting profits 50/50, than they would be in 12 months if I were to get 100% of the profits to myself.

I have already (today) contacted 6 manufacturers for detailed quotes to see who could offer the best product and price.

I've already gathered the detailed specifics of everything needed to create the product.

I've also gathered a decent amount of data on competing products, as well as the market for the product.

Once I hear back from some of the manufacturing companies, I will have a better idea at what I am looking at as far as product cost is concerned.

 

[this_guy]

Get a Personal Loan at a Great Rate! - Apply Online Today - Prosper
Borrow Money or Invest Money with Social Lending - Lending Club
https://www.loanio.com/

PhreonBurn, the above Peer to Peer lending networks are definitely viable options. Prosper is the biggest community. I personally have borrowed money at Prosper (they are actually not accepting loan proposals right now since they are registering with the SEC - Unsecured Personal Loans at Great Rates - Prosper but they'll back soon) and the community is great. It blows my mind how much people lend on these sites if you just write up some nice copy and let the members know the general steps you plan to take. No need for a business plan/proposal.

I believe Lending Club is back in business after their SEC registration. As for Loanio, I have not heard of them.

 

[MattDunbar]

Lending club looks like its in service. I'd go with them just comparing the general feel of the sites.

 

[Pr0xyhub]

Elaborate on what? If you're talking about elaborating here, there are obvious reasons I don't want to simply blurt out specific details of an idea.
:love-smiley-083:

Yes I said elaborating, and that's what I'm talking about. I'm asking for more details, not your whole fucking 'genius idea'.

There is no way you can predict the conversion %, or how many 'units' you would sell without data. Period.

 

[larrybn]

Oh don't get me wrong, I would give A-Z details on it to someone if they were truly interested in it. And yea, I would much rather have an investor and be able to dive in soon, rather than wait a year and then try it.

I think the returns I would personally see would be greater now, even when splitting profits 50/50, than they would be in 12 months if I were to get 100% of the profits to myself.

I have already (today) contacted 6 manufacturers for detailed quotes to see who could offer the best product and price.

I've already gathered the detailed specifics of everything needed to create the product.

I've also gathered a decent amount of data on competing products, as well as the market for the product.

Once I hear back from some of the manufacturing companies, I will have a better idea at what I am looking at as far as product cost is concerned.

When you say product, you mean drugs?

It's only way you could be making 30k a day.

 

[this_guy]

Lending club looks like its in service. I'd go with them just comparing the general feel of the sites.

Lending club isn't as big and you may have more trouble getting a larger loan loan (I think you can borrow $25,000 at a time at Prosper).

 

[Mr. Websites]

I doubt any one person would put down that much dough, given the lack of trust. The returns you are boasting are unrealistically high. So what you will likely need is several investors and a solid business idea. If you can convince me - and a few others on this forum - that you're on to something, I'm sure gathering the initial capital won't be a problem for you.

Good luck.

 

[geekcognito]

From what I've gathered so far, a minimum order, out the door, will run somewhere in the ballpark of $14,000

It isn't an info-product

Take a few weeks to sell enough info products to come up with the ~$14k on your own.

No, seriously.

Stay away from the "get rich" and "make money online" niches and you can find any and all niches are ripe for the plucking for selling some kind of ebook. Take a little time to market them properly and you can make that kind of scratch in a week.

That way, you don't have to share the profits from your real idea with any shithead investor and you can easily pay the rent while you nurse your idea to profitability.

Just an idea that worked for me.