Your Credibility as an Authority Can Attract
Investors When
You Need to Raise Capital
by Andrea Reynolds,
Copyright 2000 - 2010
Andrea Reynolds is a marketing strategist for consultants
and specialists
Here's my story...
On an email discussion list for publishers someone asked
the question, "How do I secure venture capital for a book
publishing project?" Another publisher replied, "Venture
capitalists don't usually consider a project unless the
financial need is greater than $100,000 or even $500,000."
Well, I decided it was time to share my experience with
investors who backed my book publishing project with the
$25,000 I needed.
In 1986 I wanted to publish my book
The Halo Factor: How to Get Attention and
Recognition, but like many authors, I
was discouraged by many rejections from traditional
publishers. My friend, a lawyer, said simply, "Just find
investors. How much money do you need?" "Twenty-five
thousand." "Easy," he replied, "Sell 25 shares at $1,000
each."
OK! I set about to write the Investor's Background
Information and the
Offering Memorandum. What really helped me
write a successful proposal was that I'd paid my dues
over the years by having established myself as an
authority. Here's how:
1.
By publishing a directory, a few years before,
which listed my competitors across the country, the
business press and media began to quote me as the
spokesperson of my profession.
2.
Having generated national and international press
coverage, I had clippings from
Time Magazine, Success, USA Today, etc., to add to my
portfolio.
3. As a result of the press coverage,
I was invited to speak at various conferences and
meetings and was hired to teach at an "open university" the
course that allowed me to test the book's material.
4. The data collected from
my students provided specific facts that became my market
research, which proved there was a
need for the proposed book, and gave me a clear picture of
who would buy it.
5. The speaking engagements I was generating were added
to
my promotional plan. My investors would later
love it because having audiences meant having
back-of-the-room book sales.
6. Best of all,
the press release I wrote for the book project was
picked up by the largest talk radio station in the country.
I talked about The Halo Factor; about how many of us feel
invisible and wish we could have a formula for getting more
respect, attention and recognition. And my book offered the
formula.
The interview was lively and animated because I was
passionate about the book's content. At the end of the 15
minute interview, the host offhandedly asked, "So, you're
looking for investors?" Startled, I said simply, "Yes!" and
she gave out my phone number on the air.
By the time I got back to my office, my answering machine
was filled with messages. Ten of those people bought all 25
units, and friends and family bought five more. With my
lawyer's help I put together the Limited Partnership.
I'm not saying it's always this easy, but being recognized
as an expert made the difference to investors. Having
credibility opened to the door to market research,
testimonials from students, promotional opportunities
provided by paid speaking, and poise and confidence from
addressing groups which I could summon when making a
presentation to each investor.
No matter how small, or large, your financial requirement,
your investors will have more confidence in your ability to
make your venture a success if you have established your
credibility as the leading authority in your field or
industry prior to making your proposal.
Read more about the
three investor documents
Andrea
developed which actually raised $30,000. Obtain them to
use as templates to raise capital for your own venture.
Or obtain your copy of Andrea's report:
25 Creative Ways to Raise
Capital for your venture
...without bank loans, credit cards, or selling a
kidney.
Meeting Planners: Invite Andrea Reynolds to
conduct an
ATTRACT YOUR OWN "ANGEL INVESTORS" seminar to your members!
(814) 520-5230.
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