Getting a large sum of money to start a business

Ok, I have this idea and plan for a website and all that will, without a doubt, decrease online fraud by a large percent. The only problem is I need a nice chunk of money ($25k would be ideal) to do promotion or it will just fall through the cracks.

I would like to have $10-15k more on top of the money I have now before I launch this. I have no credit what-so-ever so many things just arent possible. I was thinking credit card but would I be able to get a $10k limit at 18 with no credit? I would be willing to pay 20% interest on it if I have to over 2-3 years. Im sure I cant get a 10k limit.. what would the highest I could expect?

Dont think I could do a bank loan because I dont want family to co-sign.

Would I be able to go the CC route or would a bank loan be the only feasible way? Or what else should I do?

BTW, I do not want to start smaller sites to raise the money and start this site in a few months.

 

I'd say start small, explore the business and then get a business plan for investors.
Your plan currently seems to follow no pattern (with all due respect). So get the plan and then move on.

By what you have said above, if you had approached me, I would have looked for someone else.

But that's just me. Suckers are born every minute

 

Actually, some of the best advice you are going to get.

 

If you don't want your family to co-sign a loan, you're CLEARLY not too confident about this idea. If you were confident, You'd get a family member to co-sign a loan with you. You won't get ANY investment capital if you don't even believe in your own idea enough to borrow money at a bank with a co sign.

 

I would also suggest you to start a small site and a big site. Do some experiments for few months and then check if you are getting any benefit from your these small and big sites. Check which is better and then go for the big ones.

And no need to waste 10-15k in websites.
Now,its the world of CMS ad everyhting can be done in just 1000-3000$.
Dont waste your money in custom coding..
USe CMS for websites.

 

I am not looking for people to invest in this post, I am looking for information and ideas on getting money to start up. That is why you see no plan.

I am confident in the idea, I dont want family to be involved in any aspect of this because of the way they are. No one will understand why I dont want to, its a family thing.

If I could start small I would. This MUST start big or it will just be nothing.

The coding would be a mere $600... it is the advertising/promoting that the money needs to be spent on.

 

I imagine you wouldn't have much trouble getting around $10,000 in credit cards (maybe over 3 or 4 cards) as long as you don't have anything negative on your credit report. When I was young I made the mistake of racking up some decent credit card debt, but just because you can do that doesn't mean it is your best option.

I would recommend that you listen to phinelinda and joomla - start small and explore the market. That is sound advice no matter how old you are. Don't think of it as wasting time, think about it as a learning experience. I know you've got a great idea now, but even if you don't catch this one there will be another right around the corner. There are many markets to explore, and if you take your time and do it right you're chances of making good money will go up dramatically.

 

Asck friends if you don't whant to go with a bank


Search for an investor online ..

 

I suggest you JV with a successful online business partner who can cover the costs for your start up and operations. Just a hint...

Sam

 

Borrow the money from family. They don't need to "understand" To loan you 10-20K. It seems to me that you're looking to borrow money that you don't intend to pay back, or don't "expect" to pay back, otherwise any sane person would have went to the local bank or borrowed it from family, or even using credit cards.

To put it simply. NO ONE IS GOING TO GIVE YOU Anywhere NEAR 10k-20k So YOU Can try to make a website. No investment capital firm, no investor, nothing. Get the money on your own.

 

Ive looked around a little bit but im not sure what would be the best place to look? Suggestions?

Ill keep that one in mind. Thanks.

I could get the money from family no problem but I refuse to. It will be held over my head for the longest time, its just how they are. Not an option.

Not looking to pay back? Please. Im not going to charge to a credit card and not pay for it. Im not going to borrow money from anywhere and not pay it back. Just go do your surveys.

You obviously didnt read the thread.

 

Do a search on the internet for "Business Angels". This is where you are most likely to find an investor i think

 

I was thinking about that and getting even more funding. Im working on my business plan even more before I try this though. Would still like other options if I cant get funding from an Angel.

 

Well, try asking a bank...

Many banks have a business startup loan services...

 

Contact investors, and banks, present yourself as a responsible person even if you aren't old. Many people are impressed by young people trying to start something big and are more inclined to lend you the money assuming you give them a good presentation.

 

I suggest you build the software or script so you have something to show who ever you plan on asking for the investment investigate the market that you plan on getting into or lack of a market does not mean that it is not a good idea if there is no current market could just mean your one of the first a pioneer of this market use this info to make your business plan I think with out testing on small sites like suggested above you could end up just wasting 25k on advertising a site script program that will literally go no where you say you have some money and need aditional funds I suggest if you believe that you have something unique or in demand then you can start by building the site program ect... and doing some testing with google adsense and maybe some other advertising programs bidvertiser text-link-ads ect.... ect.... to see for exaple if I spend $100 what results can I expect learn to find the right places to advertise and on which sites for which keywords/phrases before you go in with 25k

I relize you think the only way to do this is big but all sites and software and scripts pretty much have to start out small with one idea one person ect.. I kknow I have literally over the years thrown away small fortunes on what I thought would make me rich or at least make a good return to turn out making nothing only losing money

BIG IS NOT ALWAYS BETTER
especially if you are planing on something niche

just my 2cents

 

I will be contacting investors and such as soon as I write up a better business plan to present to them.

I already have the coding for the script done.

As stated already, I must start big. If I start small it will just be pushed away and forgotten. Big companies with money will realize it was a good idea and release their own. I need advertising to reach a big audience at the start and/or the site wont work as intended.

I know the site will do great. Its just simple knowledge. There is also another, much simpler, site that does the same thing but for something different so I wont have competition.

There is just no way what-so-ever that I could start small and this even work.

I have many ideas that could make me money that would cost near nothing all the way up to costing a lot more than this. I just want to do this one mainly to help others. Hardly for me.

 

You're right, if it's such a good idea, you've gotta start BIG.

 

I checked out your scamers database deal it is a good idea there you might want to add a few more entires into your form like ICQ another entry for more known websites
ip's
maybe even a upload option to upload txt chats that the accuser had with the accused

just a few ideas I am throwing at you

as far as needing to start big I don't agree if you have created something new then get it patented and $25,000 is not nearly enough to get the kind of advertising you would need to take on the big dogs in most industries on the net there have been companies worth millions literally that have had there ideas stolen and used by larger companies but if it is so good and they could steal it from you why not go to who you think might be interested in stealing it from you and pitching your idea to them and asking them to partner up with you

again just my 2cents

 

You're crazy if you'd use a credit card over a bank loan when interest rates are over double.