fbpx
Connect with us
Apply Now

Community

How To Successfully Kickstart Your Product

You have the perfect idea and know exactly what you desire to achieve. You find yourself getting more excited at the potential results and just want to see your completed project come to fruition. However, it can be quite difficult to raise the money needed to help lift your idea off the ground. This leaves you questioning how to get started with product development, which is why we have gathered four of the best ways to help fund your product development.

 

Crowdfunding Power

Crowdfunding is when you take your idea to a group of investors who would be interested in seeing it produced and invest in the overall idea. Crowdfunding will be used by entrepreneurs and charities, in addition to other larger businesses.

Indiegogo and Kickstarter are some of the more common forms of kickstart companies that will use a pre-sale strategy as opposed to investing in the company. This would be the more preferable means to beginning as opposed to losing equity in your company.

There are a number of other organizations available to choose from. If you decide upon crowdfunding, you will want to take advantage of our blog post on how you can get the most success crowdfunding on social media.

 

The Parental Bank

It is always possible to reach out to family and friends to help financially if you have a potentially good idea. They will not have to fund the entire project, but even a small amount can help get your project off the ground and running.

 

Finding An Investor

You can find investors in the form of influencers and leader within that specific industry that you are interested in launching a product. Perhaps you have seen or heard of Dragon’s Den? You might want to watch a few episodes of this show to get a better idea to learn how to pitch your product. You may also consider venture capital funding. Investors are going to offer you money to help get the product off the ground, however, they are going to ask for a certain share of the brand or company. You will want to look out for the particular reputation of the investor, how much they want to be involved, as well as the split in equity.

 

Loans

If you fully believe that your product is going to succeed, you may wish to take out a startup loan. Remember though, this will need to be paid back with interest, so you will need to have the money eventually, otherwise it could become a difficult situation.

 

Continue Reading


Copyright © 2022 Disrupt ™ Magazine is a Minority Owned Privately Held Company - Disrupt ™ was founder by Puerto Rican serial entrepreneur and philanthropist Tony Delgado who is on a mission to transform Latin America using the power of education and entrepreneurship.

Disrupt ™ Magazine
151 Calle San Francisco
Suite 200
San Juan, Puerto Rico, 00901

Opinions expressed by Disrupt Contributors are their own. Disrupt Magazine invites voices from many diverse walks of life to share their perspectives on our contributor platform. We are big believers in freedom of speech and while we do enforce our community guidelines, we do not actively censor stories on our platform because we want to give our contributors the freedom to express their opinions. Articles are not commissioned by our editorial team, and opinions expressed by our community contributors do not reflect the opinions of Disrupt or its employees.
We are committed to fighting the spread of misinformation online so if you feel an article on our platform goes against our community guidelines or contains false information, we do encourage you to report it. We need your help to fight the spread of misinformation. For more information please visit our Contributor Guidelines available here.


Disrupt ™ is the voice of latino entrepreneurs around the world. We are part of a movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities both here in Puerto Rico and throughout Latin America. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. Disrupt Magazine was designed to give the world a taste of that.