How do I source funding / sponsorship for a wellbeing website
The key to this is answering three key questions :
- Why You? Why are you the most credible person to build this business? Are you a qualified therapist/trainer/etc who has seen a gap in the market
- Why is now the right time for your business to exist? Wellbeing websites, while well-needed right now, have been in market for some time and it is quite a competitive space. What is unique about your idea and why is it different/better?
- Why Us? This is about you doing your homework on the investors you want to approach and to work out why they will be most useful to your business.
I would recommend trying to get a MVP ready on your time/funds, showing that it can attract visitors and then going to raise money.
Just note that fundraising now will take longer and will be harder, especially if you are raising from angel investors.
Question submitted 26/03/20 @ 06:40am
Funding & Finance