I Have a Great App Idea, But No Money
I Have a Great App Idea, But No Money
There are many people who have a revolutionary idea for the app. But, without the right funding that idea can never see the light of the day. They have very little idea about any of these at the initial stages of developing the app. Most applications go through so many modifications and iterations which the final product started to look differ from the initial idea.
Make a Rock Solid Busienss Plan With Prior Devlopment Experience
This is the fact that ideas alone will not make a successful application and you will have to accept it. The success of app depends on execution. You need to make a rock solid business plan or you should have a prior development experience to reference and also finding abilities to fund. This is the reason that creating a bound business plan ad approaching banks for loan becomes really difficult.
Create Simple and Locally Run Appliication in Minimum Cost
For getting the perfect solution for your doubt that many people have I have a great app idea but no money. To give your idea into real form you need money, how much money you need it totally depends on the type of application you like to develop. If your idea is to create a simple, locally run app with few functionalities targeting single platform cost you less amount.
Adopt These Methods When You Hav App Idea, But No Money
While, looking for a complex application that relies on a back-end API server, able to run on both iOS as well as Android having a front-end web application version will cost you high. Here, there are many more ways to get fund or your app idea, let’s have a look:
Use Your Previous Saving
If you are also a person saying I have a great app idea but no money. Use your own savings because if you cannot spare cast to invest in your own bright idea, then asking others to invest in it is totally unfair. For this you can utilize your bank savings, personal loans, credit card, family and friends are the perfect legitimate sources of the funds.
You don’t have to everything alone, finding a perfect co-funder to shoulder the responsibility of launching a new application. A good co-funder is can more than a friend and support you in bad times.
Various Crowd Funding Campaigns Can Be Helpful
Crowdfunding is a very famous funding avenue for the people who don’t have any resources of their own to get going with their ideas. Although, thousands of application ideas go unnoticed and unfunded on crowdfunding sites, the correct pitch can give you a bonza for your dream app. And, after paying some service fee and transaction fee from the payment processor, you will be assured of enough funds to get fund for your app .
Takes Participation in Fudning Contests
There are tons of contests sponsored by universities, technology, companies, angel investor and entrepreneur. You can get funding for your idea after participation. Just have a look on various contents to pick up the protest around the world. You can also zoom in on a contest near you. This is a new thought that people saying I have a great app idea but no money, but you need to learn about how to qualify and participate to win the funding that your thoughts deserve.
Self-introspection is Important
Before instating your belief to anyone else, first of all you need to believe in your own idea to get benefit from it. If you flounder while explaining your idea to invest, it is not going to an ideal situation to demand monetary support.
You should be prepared totally to be grilled with a question from investors, and this is really tough. There are many people who say that I have a great app idea but no money, but you will have to present some important factors to convince people so that they get agree to make investment in your plan.
For convincing them completely, you need to have a fully functional backup plan B in an unexpected event of the things.
Bank loans can help you, if you can prove that you can bring about a positive change for a stake in the holdings. To make it happen, you must be ready with a solid business pitch with the accurate market research as well as revenue projection.
Try to Learn From Every Nagetive Response
This is more likely that you will get more negative response then, the positive one. But, one thing that is important to remind yourself that don’t let that de-motivate you. With every negative response, just make it sure that you have understood why that was the answer. Ask them, what will make your app and your pitch better and more effective . When you get this kind of mindset, your clients learned about certain milestone that they need to get in order to have interested from some investors.
Always Take a Well-prepared App Demo
If you get the chance to pitch your investors, then having a demo can take you on a long way. Sometimes, we get some prospective clients who think they need to show some early prototype to investors. This is the fact that the prototype does not show the promise of your application.
It has the potential to be buggy, mainly when if one a few weeks of work are put into it. A well-prepared demo will help you to present your idea in the complete form.
Venture capital plays major role in supporting those people who say that I have a great app idea but no money. Although, this takes time, you will need a true a game pitch and be ready to have your idea molded into how the you see the fastest route to success and a monetary return on their investment.
Now, let this thought go that I have a great app idea but no money because with above facts you can get good funding for your app.