How to find investors for apps might be more challenging, but creating an app can be the best decision for your business. It is impossible to make your app a success without dedicated funding. The initial stages are most complicated when the app developers have the least idea of the monetization model, offered products or services, etc.
Ways to Get Investors for Your App Business
The burning question that comes to the mind of developers is how to find investors for apps? Let us help different developers solve the mystery behind this question.
Bootstrap the App Business with Co-Founders
What else to go for than your savings? It is easy to get these funds from family, friends, personal loans, credit card loans, etc. It is easy to bootstrap the app business using the mind of the co-founder. This is more than a helping hand, and a tech-savvy co-founder can build an app.
The co-founder can further help the app business gain funds by using his savings. One founder may be the technical support, while the other can be the cash harbinger in the business.
Collecting donations using the website
It is easy to raise donations using the app’s website. You need to describe the proposed app to the readers, ask for small grants, and offer them gifts or pre-orders for app rollouts. In addition, different donation forms can help you gain donations globally using other payment processes like Braintree, FreshBooks, Stripe, PayPal, etc.
One other way how to find investors for apps is crowdfunding. Any app startup can choose an attractive funding option. It is all about designing the right pitch for your app before placing it on a crowdfunding website. The funds collected from these websites can help your app business.
All you need to do is pay the nominal transaction fee for payment processing. In addition, the different crowdfunding campaigns offer flexible or fixed funding options to various startups.
Have you thought about bringing angel investors for your apps? The strategic partners of angel investors are the right minds to start your app business. These investors can offer anything between $25,000 to million dollars based on the app business needs.
It is easy to pitch the angel investors with the total capital, monthly burn rate, design go-to-market strategy, app promotion, founders’ technical capabilities, business capabilities, etc.
Participating in Funding Contests
The different funding contests organized by various universities, angel investor networks, technology companies, etc., can be the next headway in getting the interested investors looking for app ideas. It is easy to locate the funding contest near your location and start with the necessary funding for your business apps. In addition, the opportunity to participate in popular TV shows like Shark Tank is not to miss.
How to Gain the Trust of Investors for Your App Business?
You know whom to reach for app investments, but do you have any idea of gaining investors’ trust for your app business? Below are the quick but effective steps to earn the trust of different investors and convince them for investing in your app:
Validating the app idea
It is vital to validate the app idea and ensure that it is exclusive out of all the apps available in the market. The easiest and most effective way to ensure it is thoroughly research the markets and available applications. It becomes easy to validate the idea and stay ahead of the competition when you know the areas for improvement.
Defining the market size
Investors want accurate figures that can be declared by defining the market share and audience size. Designing your app with the demanding features and latest technologies is essential to make it a hot cake among different investors.
Know the investment basics
It is essential to understand the basics of a startup, raising money yourself, and the different types of capital needed for app investment.
Defining the revenue strategy
You must know the app’s revenue strategy before presenting it to the investors. A carefully defines revenue strategy helps investors offer money wholeheartedly.
Creating minimum viable product
If you’re looking for something to help investors understand the app’s working, a minimum viable product or MVP is the easiest solution. It is the first version of the product that helps know about the success and feasibility of the app developers and investors.
The app developers know the hustles of managing every dollar to build their app. Hence, it is essential for app developers to understand how to attract investors looking for app ideas. It is all about bringing creative app ideas to life and earning business profits with the help of the right investors at the right time.
You can go for angel investors, strategic partners, funding contests, raising donations, crowdfunding, bootstrapping, etc. Further, the quick ways to gain the investors’ trust ensure no missed deals.