How do I find an investor open to Automotive type business?
Question:
I am looking for an intial investment of 20-25k that will be used for start up. Collateral will be 30k in parts. The company will be profitable by the second month with the sale of only 10 units monthly, in a market where another (unpopular) brand sells over 100 units a month, at 2 times our price.
I have done a market analysis that found that within the first month using only (free) internet advertising through forums and sites like Craigslist, well over 25 units can be sold. I have also found that the product that I want to offer is on a lot of peoples wish list, but they simply cannot afford to purchase it. I will bringing the product into their budget.
How do I find an investor who will look at a high profit investment opportunity that is not real estate related?
Answer:
Talk to the bank to take a business loan. If the profits are great, you'd be crazy to give away the share of the profits to an investor, just keep it to yourself.
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