Prototyping: The Best Way to Convince an Investor
10 Mar 2015Content
Have you ever wondered how big business get to be big businesses? How a start-up can appear professional and successful right out of the gate? And does this make you look at your own business or project and wonder what “they” have that you don’t have? The short answer is: Money. The fact is, though, that the start up capital needed to turn an idea into a reality doesn’t need to come from you. That’s where investors come in.
Of course, coming up with the next big idea and convincing an investor to grant you the money you need are two different things. And while you may have ultimate faith in yourself and your ability to succeed, odds are an investor won’t be quite so easily sold. Savvy investors want hard proof that their investment won’t be for naught, so any tactic you can use to further your case is welcome. And developing a prototype is one cost-effective yet impressive method for doing just that.
A technical prototype, designed and developed by an agency like EB Pearls, will help your potential investors understand exactly what it is they’re being pitched. Rather than relying on your description and the imaginations of the investors to do all the work, having something that can be examined and questioned will foster understanding and the greater likelihood that your pitch will be successful.
Keep in mind, too, that having a prototype in your arsenal is sure to impress your potential investors. Such a tool conveys professionalism and a serious commitment to turning your idea into a success – and investor money into a profitable return. You’re conveying the notion that your idea isn’t a mere whim, and thus worth investing in.
The best part: A prototype is a cost-effective investment almost anyone can make. When considered in terms of ROI, the money spent having a prototype developed is more than worthwhile. As long as an agency with a solid track record like EB Pearls is brought in on your prototype project, ensuring that your prototype is of the highest quality, your investors will certainly be impressed. And that impressed attitude will translate into investment dollars – which will translate into success for you.
Start your app development journey now
“We’re very happy with the results of EB Pearls’ work. Since its launch, the app has had over 7,000 downloads, with around 6,000 users completing the signup process in the first 6 weeks. ”
— Founder at Intro Dating