Have a Great Business Idea and Need to Raise Funding?

Hi Elliot,

I have domain name Falsifications.com, which I think could be a nice online portal for falsification facts all over the world.
What do you think?

Elliot,

I am involved on two fronts on the internet, one is virtual currency and asset trading which I have been involved with now for 11 years and have a very well known business in this space now which has been live for 6 years. The other is the adult industry which we are pushing a totally new product out that will prove to be very big. We are looking for funding and networking, please drop me a line if any of this is of interest.

Elliot,

I own realestateinspection.com. Currently I have all licensed REI’s in the page. However, the potential for this domain name and website are infinite…

I would be interested in talking about a deal to build this and expand it.

Elliot,

I applaud you for this effort and post. My company has owned JvDeal.com and JvDeals.com.

Many years ago I developed it into a deal maker site where just this type of meet-up could occur. I have since taken both offline due to lack of market and lack of time.

Still interested in doing such a venture if you or anyone has time and interest in the project.

SA

Great read and blog post Elliot. I think you are on to something.

Couple of interesting responses. Hope you can find a winning partnership!

All the best

Hi, Let me toss my project into the hat:

AlgebraAid.com – my father’s project, but it’s a family affair. 3GR would manage the project and administer the funds; LouiseMarketing (“cooperating party”) will offer domains:

ArithmeticStudy.com
Arithmetical.net
GradePointAverage.net
SumLovin.com
GeometryGuide.com
TrigTutorial.com I think there’s one I left out . . .

13% is finished; a quote was offered by a programmer for shared copyright: $6,000; plus many NDA’s signed by Rent-A-Coder members to work on project, but I had canceled the proposal, because I like the first guy. His vision of what the software could be was way above what I thought I requested, plus, he can do the job. I’ll email you with some specifics . .

@ Everyone

Thanks for the comments and emails. I want to be more specific in this comment.

If you have a business plan that you think will be successful, but you are just lacking the funding to make it happen, please be in touch. IMO, ANY domain name can be used for a business. However, it’s the business plan and the person/people behind that plan that will make it a success.

You would obviously have to be 100% committed to this particular project to make this business a success. I am not looking to invest in a project so the person can go find someone else to run it. The person/people should absolutely be passionate about their business but just lack the funds to see it through.

I have enough of my own domain names that could be built into great websites, but I just don’t have the time to see them through or manage them once they are launched

Elliot,

While your funding concept is strong it won’t work …here is why

(speaking as an experienced lone business person that has enjoyed a fair amount of success).

What entrepreneurs need in most cases is

a) funding
b) specific skills that compliment their own or fill knowledge gaps i.e. accounting, sales, etc.

The person or people that understand this and can provide both will win.

One specific reason that I havenot prsued funding is that I lack the skills or time to do anything beneficial with the new found funds.

To better understand my point consider what the entrepreneur will do with the funding they receive. Most often it will be to hire or emploees or contractors or consultants to perform duties that they cannot.

What would I do with a sudden influx of funds? Hire telemarketers, sales people and cuomer service reps to handle the increase in business.

All skills that I consider paramount to our companies growth but activities that I do not hve time to engage in at a level of comittment which would bring measurable results without negatively impacting my performance in other business roles that I hold.

I suggest to you that within the domain industry there are multiple people with skillsets they are not using since doing so individually would not lead to any outcome.

The real opportunity here is to connect people wih skillsets with othrs that need those skill sets for a piec of the finished profitable business IMO.

Elliot

I am standing at attention and salute YOU for You are a TRUE entrepreneur!!!
Bruce

@ Bruce

You never emailed me back a few weeks ago…. I missed you at Levi’s party.

“People seem to buy domain names with a specific idea in mind for them, although many either lack the funding to build out the idea, the drive to build it, or they lack the experience to move forward with their project.”

All of the above, Elliot.

OK. Here are a couple targeted DIRECTORY/SERVICE type names crying out not to be just parked pages.
(In order of preference.)

JusticeofthePeace.com
ContactOwner.com
FourStarRestaurants.com
AlPorMayor.com (Wholesale in Spanish)
Printouts.com

Hi Elliot
What do you think about my
WelcomeToInternet.com ?
Need a great idea, Thanks

@ Tornero

I don’t think it’s worth anything to be honest. Maybe WelcomeToTheInternet.com would be worth something, although its kinda long, but the other name doesn’t make much sense at all in my opinion.

I have domain TouristPlanner.com . I have no resources to develop it as Tourist Guide website.

What do you think?

@ Dhana

Do you have a complete business and marketing plan?

Thanks Elliot.

I have several travel websites as examples in my mind.

Though I am looking for some one who can take care of all this plans and funding if possible.

I don’t know if this is possible.

you seemed to have opened up pandoras box and are destined to have almost everyone with a domain send you a request to build them a great business…good luck with this, it was a noble effort to start with….

@ don

Very true… but I am pretty clear that I am looking for people with a solid business plan who just lack the funds to see it through. It’s similar to when I ask for a specific type of domain name and get a ton of other names that aren’t close to what I requested.

How about a development firm dedicated to serving domainers and all the people in this post? . I have the marketing strategy, business plan, and client base. Just no time.

It seems like any time a business opens up, geared towards the domainers, it doesn’t last long. And if it does last, often times they produce lowest common denominator/outsourced work. I figured someone would have capitalized on this by now. Who is the go-to development company in the domainer world?

Maybe that should be saved for another post!

@ Mike

You know you’re my go to guy:

DogWalker.com
CatSitter.com
Lowell.com
TobagoVacations.com
…etc.

Hello Elliot,

My name is Adi. Wow…this is great idea. I have a domain apparel related domain Apparel Ratings (dot) com. May be you interesting for this one. Just email me and we can speak about idea behind this domain. Thank’s before.

@ Elliot, I get maybe it’s not your league to invest $10,000, but it doesn’t follow everyone’s suggestion lacks a solid business plan. I asked you for feedback why my idea isn’t a good candidate, and since you didn’t respond, all I can conclude is you’re only looking for the easy returns with zero risk.

@ Louise

That would be an incorrect assumption.

I have been inundated with replies and unless you would prefer a quick “no” without even looking at what you sent, then it may take some time to do my due diligence.

In addition, I am taking a lot of things into consideration – especially the person whose behind the idea. If I lack the expertise to contribute valuable insight, the person I am funding better have the expertise. Why would I invest $xxx,xxx in a crapshoot business plan when I can successfully buy and flip domain names as I consistently do? I know my risk tolerance and woudn’t invest in a half baked business idea if I have other, better prospects.

BTW, as you can tell, I haven’t logged into the site you sent me yet, so I don’t know anything about your idea.

@ Adi

Like I mentioned before, I have a lot of names that could be developed into something. I buy all of my names because I have a vision for them.

However, it takes more than just money and an idea. It takes those things, but there’s also a lot of hard work and the proper execution that goes into making a good idea a profitable business.

Great line of discussion. The world of venture capital and entrepreneurship is fascinating.

It is too bad there aren’t whole episodes of Shark Tank online as this show is a great primer for people seeking start up capital. You tube has many full clips from Shark Tank:

http://www.youtube.com/results?search_query=sharktank

It will be interesting how Test Track does at Traffic as well.

Elliot,

I am looking for an investor partner for the development of the following domains all registered in mid 90′s

all have relevance to current needs of large prospective users.

1) eFreelance.com
a market, like eBay for freelance talent of wider reach than odesk, guru, elance – with multilegged revenue stream

2) elderhomecare.com
3) elderdaycare.com

lead generation for rapidly increasing demographic

4) intheknow.com
super news aggregator for business intelligence, data maning, or celebrity news

with services and products relevant to focus of sites

if there is interest in discussing any of the above opportunities, please let me know

@ Elliot, sorry. If you have time, send feedback . . .

Talk about “expertise,” how could someone with an idea that requires just a small amount of capital to make it a profitable business not appreciate guidance? For example, AlgebraAid might be great math tutorial software that would become a household name, but the inventor couldn’t conceive every marketing avenue or potential pitfall, which gap your expertise might fill . . . Proverbs states, “In the abundance of counselors there is wisdom” – wouldn’t you want to invest where your hands-on direction is appreciated?

Hi Elliot,

I’m the owner of RaisingSmallSouls.com and I have a fantastic idea to expand my site’s stickiness factor, viral traffic, and up my relationship with my 60K newsletter subscribers and 25K monthly unique visitors.

I actually have lots of ideas, here’s the one that’s not letting me sleep at night these days:

I want to create 2-minute humorous videos on a daily basis giving parents information and guidance about raising children in a fun manner. Something similar to RocketBoom.com. The funds would be used to pay writers to inject humor into my parenting ideas and for the video production and editing. A modest four-figure investment would probably be sufficient to create 2 months of weekly videos to test the market.

PS A neighbor of mine, Lonnie Borck, recommended your blog, and I’ve just read every post up to this one. Great blog; thank you!