Why I've Created Virtual Landlord For Funding
Written by Fletch, 7 Mar 10
After a long haul of 4 years in development (and if I knew at the start what I know now it would have been a year), it's time to take the product to market and to spread it fast.
As we all know in the 'web'world' there are potential competitors lurking everywhere, and I'd really like to get established quickly in the UK, USA, Canada, Australia and New Zealand. Then with decent partnerships and excellent customer service, it will be a case for competitors to 'catch us if they can'.
So there are three options the way I see it:
1. Invest every penny back into the business, but this will really only lead to organic (and not super-charged) growth.
2. Start pitching to the Angel Investment networks (we're not big enough for the Venture Capitalists). This is really time consuming, and most of my time spent would be fine tuning business plans, networking, and travelling to meetings. All this with no guarantee of success.
3. Find another method of funding. By giving away a generous amount of margin on the first 2,000 websites to Virtual Landlords I get to bring forward profits from the next quarter of the year and get established in the markets as outlined above.
Importantly I also keep control of the company and its direction, and can hold onto the business principals I hold dear to. I intend to work just as hard for my Virtual Landlords as I would for any normal investor, and if you'd like to check out my business roots here's a link to a book my Grandfather wrote about his business in 1942.
Of course if you have any questions about this Virtual Real Estate concept you can always give me a call on +44 7518 345679 but please bear in mind I'm in the UK so if you call in the middle of the night here, you'll likely get voicemail.
Click here to visit the Virtual Landlord website.
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