Strategic Advisor to Founders and CEOs. Took a specialty food manufacturer from capital raise to exit sale. Turnaround CEO. Food safety expert. Built five USDA inspected food manufacturing facilities.
25 years experience as CEO and Founder of American specialty food manufacturing companies. One company ranked #192 on Inc.500 list. Topics covered range from concept to capital raise and exit sale.
At this point, you have to step back and re-evaluate your plan. The possibility for you to raise money this kind of money for what is a non-scalable, hyper-local business are close to zero.
I suggest you focus on making money so that you are not dependent on your wife's income and then: 1) Create a business plan for your concept. That will show you if your idea is viable from a financial perspective. Do the research yourself and do not get fooled by your passion for your idea. Be totally rational when doing the numbers , not optimistic. 2) If the numbers make sense, then start trying to raise funds by approaching people in your network. 3) Do not spend anymore money for work that you could and must do yourself.
For more details: https://z-niche.com/2020/02/21/how-to-evaluate-an-idea-for-a-start-up/
You can start with the US market and get the statistics from either paid services such as https://www.atozdatabases.com/home or you can go to https://library.doc.gov/company/research#:~:text=The%20EDGAR%20database%20provides%20free,company%20makes%20with%20the%20SEC. where you can select the appropriate data base. I ususally go here first: https://www.census.gov/ For pricing I suggest you cost your product from the bottom up with current data and labor to get to a COG number and from there build it up based on your goals for profit, marketing and overhead to reach your FOB distributor price. Best of luck!
As a Founder and former turn-around executive validating a business idea is a key requirement before spending capital on implementation. This is also a task that has to be handled by the originator of the idea so it cannot and should not be contracted out. My technic when doing an idea validation is to start out with my first degree network (Friends, Peers and Relatives) and then my social network. My approach is to create an opportunity for a one on one conversation that is not under time pressure and allows for open ended answers. The key is that after I outline the idea I mostly listen and take notes. Also whie preferrable, the conversation partner does not need to be in the same industry that the idea is covering. The best insights often come from the least expected source. Best Wishes, Herb
It depends which side of the afiliate marketing businessyou are in. A) Creating leads for products - get more products B) Selling Leads - find a way to get more leads by 1) maximize your copy, 2) Create more websites 3) find more buyers
You should get a lawyer that specializes in insurance claims in your state or province.
One side hustle is to go hyper-local and offer a service such as setting-up electronics or computers for people that are not comfortable with tech (such as retired people). You can use free advertising on platforms such as Facebook local pages/groups or nextdoor to advertise your services.
The big one would be "sincerity"
Restaurant start-up financing most of the time comes from personal savings and investments by friends and relatives. Forget about finding a grant, restaurant start-ups are so risky that grants won't work and if you get a loan, it will have to be secured by you personally. So friends and relatives are the best way to finance your start-up.
That will depend on your nationality. If you are a citizen in either country, the governments have various organizations that will help.
If you are not then you need to do a business plan and start pitching it. Without one, you will have no chance and certainly not from a website. Everybody will ask you to back-up your concept with numbers.
The question is whether you are the owner of the product and you want to use affiliate marketing to get sales or if you are interested in becoming an affiliate and make money by promoting products.
Let me know which one you are interested in and I will be happy to go into more detail.
Herb
You can get the data you are looking for by buying subscriptions at a very high price from various research companies.
However, before starting to spend money, the "cheap, ultra-high quality products" is an oxymoron. Cheap and high quality products do not exists. You get what you pay for.
Also targeting large companies while drop-shipping via Alibaba will have a zero conversion rate.
IMO you need to re-evaluate your concept.
https://z-niche.com/2020/02/21/how-to-evaluate-an-idea-for-a-start-up/
Herb has deep experience as a food manufacturer, great knowledge of the food supply chain and players. He provided very helpful advise for my business idea. A great person to talk to. Thanks again Herb!